Prime Minister to launch three Social Security Schemes
Prime Minister Narendra Modi is ready to launch three Social Security schemes associated with the insurance and pension sectors here on may nine, the Government of India’s Press information Bureau aforesaid.
These schemes can offer cheap universal access to Social Security linked to auto-debit facility from the subscriber’s checking account.
The schemes Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) can offer insurance cover just in case of death by any cause or disability owing to an accident whereas Atal Pension Yojana (APY) can address the old-age security wants.
PMSBY can provide a renewable annual accidental death-cum-disability cover of Rs.2 lakh to any or all savings-account holders within the age bracket of 18-70 for an annual premium of Rs.12 per subscriber.
PMJJBY can provide a renewable annual life cover of Rs.2 lakh to all savings-account holders within the age bracket of 18-50 years covering death caused by any reason for an annual premium of Rs.33 per a subscriber.
APY, on the opposite hand, can concentrate on the unorganised sector and supply the subscribers a fixed minimum pension of Rs.1000, 2000, 3000, 4000 or 5000 per month beginning at the age of sixty, looking on the contribution option taken on coming into an age between eighteen and forty.
Image credit: Arrival of Narendra Modi, Prime Minister of India image by G20 Argentina is licensed under CC BY 2.0
You may also like
Image Reference: https://www.flickr.com/photos/g20argentina/45378999534/
Recent Posts
- Choosing the Perfect E Scooter: Features, Tips, and Top PicksWith the rise of an eco-friendly and sustainable future, urban mobility has witnessed a paradigm shift. People have now started preferring eco-conscious commuting options rather than relying on petrol-powered vehicles.…
- RMRIMS announces recruitment for various positions in 2024Project Technical Support-III candidates need a three-year graduate degree in Biological Science or Life Science.
- Delhi Police investigate hoax bomb threat at over 150 schoolsThe hoax bomb threat incident in Delhi prompted the involvement of the CBI.
- Choosing the Perfect E Scooter: Features, Tips, and Top Picks
What’s new at WeRIndia.com
News from 700+ sources
-
DDA Ordered to Prioritize Forest Development over Ornamental Parks in Delhi
-
Kristen Stewart to co-star with Oscar Isaac in new vampire thriller
-
Indian Navy begins trials in Rs 60,000 crore tender for 6 advanced submarines
-
Pilot: Modi government’s grip loosening, signs of change in the air
-
PM Modis third term will be historic, road map for next five years is ready: BJPs Jairam Thakur
-
Kunal Ghosh has caused more damage than opposition: Partha Chatterjee on Ghoshs school jobs scam remark
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply