The central government is running many schemes to provide economic and social security to the lower strata of society. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APS) are the three financial security schemes of the scheme. The scope of these three schemes is constantly expanding.
According to the Finance Ministry, at present, more than 75 crore countrymen are getting the benefit of these three schemes. Let us know about these three schemes in detail.
Pradhan Mantri Jeevan Jyoti Bima Yojana
It is an annual life insurance plan. In this, a premium of Rs 436 has to be paid every year. Under the scheme, the family gets assistance of Rs 2 lakh on the death of the beneficiary. Anyone in the age group of 18-50 years can enroll in this scheme. So far, 21.67 crore people have registered for this scheme. So far, Rs 17,211.50 crore has been paid against 8,60,575 claims.
Pradhan Mantri Suraksha Bima Yojana
The scheme offers accidental insurance cover of up to Rs 2 lakh. Its premium has also been kept so low that any person can pay comfortably. To take advantage of the scheme, a person has to pay a premium of only Rs 20 annually. Know all the things related to Pradhan Mantri Suraksha Bima Yojana (PMSBY).
The objective of the PMSBY is to provide protection insurance to a large population of India. Earlier, its annual premium was Rs 12, which has been increased to Rs 20 from June 1, 2022. This is an amount that even poor people can easily pay. If the insured person dies during the accident, then the sum insured is given to his nominee. The benefit of this scheme can be availed from the age of 18 years to 70 years. If the beneficiary is 70 years of age or more, then the Pradhan Mantri Suraksha Bima Yojana will be terminated. Every year, the sum insured is deducted from your account before June 1.
Atal Pension Yojana
The Atal Pension Yojana provides financial security to India’s working population in the post-retirement years. The Atal Pension Yojana guarantees a minimum monthly pension ranging from Rs 1,000 to Rs 5,000 from the age of 60 years. The amount of pension depends on the contribution made by the subscribers. The scheme has seen significant participation of women, who constitute about 47 per cent of the total subscribers.
