What is Pradhan Mantri Jan Suraksha Yojana?
Here three major schemes under the Pradhan Mantri Jan Suraksha Yojana-
Prime Minister Jeevan Jyoti Insurance Scheme - PMJJB
Pradhan Mantri Suraksha Bima Yojana -PMSBY and
Important and useful information about Atal Pension Yojana [PMAPY DETAIL] is given.
Pradhan Mantri Jan Suraksha Yojana was launched by Prime Minister Narendra Modi from Kolkata in West Bengal on May 2015, three important schemes were launched under the Pradhan Mantri Jan Suraksha Yojana. These 3 schemes -
- Prime Minister Jeevan Jyoti Insurance Scheme,
- Pradhan Mantri Suraksha Bima Yojana
- Atal Pension Yojana,
What is Pradhan Mantri Jeevan Jyoti Insurance Scheme? And what are its benefits?
What is Pradhan Mantri Jeevan Jyoti Bima Yojana
The main objective of this scheme is to give the benefit of life insurance to the people at a cheaper rate, which is able to give family protection benefits to the people at the least premium, under this scheme all savings bank account holders whose age is minimum 18 years and maximum 50 years can avail this scheme.
What is the main feature or benefit of Pradhan Mantri Jeevan Jyoti Insurance Scheme.
Savings account holders are provided life insurance at an annual premium of Rs 330 under this scheme. In the event of death of the insured, its nominee is provided a life insurance cover of ₹ 200000.
Note - This is a life insurance, that is, in the event of death of the insured, only the person named by him gets the benefit of the scheme.
The person eligible for this insurance is deposited the premium by auto debit facility in the account, that is, there is no need to pay the premium to the bank branch every year or on fixed period, this is also called auto debit facility.
The government has asked the Life Insurance Corporation of India to join other private insurance companies in this, the scheme operates at different stages and at different time periods at different bank branches.
To take advantage of this scheme one can be contacted by visiting the bank branch.
What is Pradhan Mantri Suraksha Bima Yojana? And what are its benefits
Pradhanmantri Suraksha Bima Yojana benefits
Prime Minister Suraksha Bima Yojana This is the second of the three important schemes launched under the Pradhan Mantri Jan Suraksha Yojana,
This life-related scheme is also being seen as an accident insurance scheme, in which a person has to apply under the Pradhan Mantri Suraksha Bima Yojana, and the facility of Pradhan Mantri Suraksha Bima Yojana will be provided at an annual premium of just ₹ 12. ,
What is the main feature of Pradhan Mantri Suraksha Bima Yojana or its major benefits.
Following are the major advantages of this scheme
In the event of death due to accident, an insurance cover of two lakhs is provided to his nominee.
If the insured suffers permanent disability in an accident, then in such a situation he will be provided an insurance cover of ₹ 100000.
This scheme is available to a person up to the age of minimum 18 years and maximum 70 years.
What is Atal Pension Yojana and what are its benefits
Atal Pension Yojana benefits
Eligibility for Atal Pension Yojana
Under Atal Pension Yojana, no person should deposit more than 20 years,
Customers can enroll in the scheme through the National Pension System operated by the Pension Fund Regulatory and Development Authority under the Atal Pension Scheme Swavalamban India.
That is to say, in general terms, the benefit of pension scheme was earlier available only to government employees or employees of special private institutions, but Atal Pension Yojana has been started to provide pension benefits to common citizens of the country.
The main objective of this pension scheme is that the unorganized sector workers who have a minimum age of 18 years and maximum age of 40 years can avail the government's Atal Pension Yojana,
A person joining this scheme will receive a pension amount of at least ₹ 1000 and a maximum of ₹ 5000 every month after the age of 60 years.
The determination of the amount of pension to be received under Note Atal Pension Yojana depends on the amount of premium and time period chosen by the person applying in this scheme.
This can be easily understood from the chart given below.
How much pension is available in the Atal Pension Yojana?
Atal Pension Yojana Premium Chart-
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How much pension is available in the Atal Pension Yojana?
Procedure to close Atal Pension Yojana
If a person wants to discontinue this plan in the middle of any reason before the time period of this plan is completed, then that person can do so,
For this, the person who voluntarily withdraws from this scheme, called Voluntary Exit Form, has to fill this form and submit it to the bank branch, after which the banks take the name of the person from Atal Pension Yojana by taking action as per rules.
Form to close Atal Pension Yojana
Under the Note Atal Pension Yojana, such persons do not get benefit, who are income tax payers and also those who have already taken benefit of any other social security scheme cannot avail the benefit of this scheme.
Note Regarding the above three schemes, special attention should be given to the age related provision, as mentioned above in the schemes, the minimum age is fixed in these three schemes but the maximum age is different in all the three schemes, viz. The maximum age of Pradhan Mantri Jeevan Jyoti Bima Yojana has been fixed at 50 years and the maximum age at Pradhan Mantri Suraksha Bima Yojana is 70 years and the maximum age at Atal Pension Yojana is 40 years.
