Monday, May 11, 2015

Govt launches 2 insurance schemes under social security mission

PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA and PRADHAN MANTRI SURAKSHA BIMA YOJANA  

Central Govt. has launched above two insurance schemes for everybody who holds a bank account. These two schemes - one Term Insurance Policy and other Accidental Death Policy are introduced under minimum premium payout and without any hassle of filling long forms, health check up or paperwork. These policies can be bought by visiting bank branch and signing a simple consent form or online also through netbanking option of the bank where the savings account is.
Salient features of the schemes.

PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA (Normal Term Insurance)
Click here to know more about Term Insurance
The scheme will be a one year cover, renewable from year to year, Insurance Scheme offering life insurance cover for death due to any reason.
All savings bank account holders in the age 18 to 50 years in participating banks will be entitled to join.
Benefits: Rs.2 lakhs is payable on member’s death due to any reason
Premium: Rs.330/- per annum per member. The premium will be deducted from the account holder’s savings bank account through ‘auto debit’ facility in one installment, as per the option given, on or before 31 st May of each annual coverage period under the scheme
Termination of assurance: The assurance on the life of the member shall terminate on any of the following events and no benefit will become payable there under: 1) On attaining age 55 years (age near birth day) subject to annual renewal up to that date (entry, however, will not be possible beyond the age of 50 years). 
Click here for more details 

PRADHAN MANTRI SURAKSHA BIMA YOJANA (Accidental Death/DisabilityInsurance) 
The scheme will be a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident.
All savings bank account holders in the age 18 to 70 years in participating banks will be entitled to join
Benefits: As per the following table: Table of Benefits 
Sum Insured a. Death Rs. 2 Lakh
 b. Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot Rs. 2 Lakh
 c. Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot Rs. 1 Lakh 
Premium: Rs.12/- per annum per member. The premium will be deducted from the account holder’s savings bank account through ‘auto debit’ facility in one installment on or before 1 st June of each annual coverage period under the scheme
Termination of cover: The accident cover for the member shall terminate on any of the following events and no benefit will be payable there under: 1) On attaining age 70 years (age nearest birth day).
Click here for more details

No comments :

Contact Us

Viewers may share any information with the administrator in this email shyamali00@gmail.com
Any news, if approved, may be published in this blog under his /her name.

.................RECENT HEADLINES

Related Posts with Thumbnails

Blog Archive

Do You Know These?:

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.