Pradhan Mantri Suraksha Bima Yojana (PMJJBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMSBY) and Atal Pension Yojana (APY) complete 8 years of providing social security cover

Pradhan Mantri Suraksha Bima Yojana (PMJJBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMSBY) and Atal Pension Yojana (APY) complete 8 years of providing social security cover

Daily Current Affairs   /   Pradhan Mantri Suraksha Bima Yojana (PMJJBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMSBY) and Atal Pension Yojana (APY) complete 8 years of providing social security cover

Change Language English Hindi

Category : National Published on: May 11 2023

Share on facebook
  • Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana completed eight years on 09 May 2023.
  • These schemes are playing an instrumental role in providing social security net and affordable insurance to the people.
  • These three schemes were launched by Prime Minister Narendra Modi on this day in 2015 from Kolkata in West Bengal. 
  • The government had launched two insurance schemes Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana to make the people belonging from unorganised sections financially secure. 
  • The government also introduced Atal Pension Yojana to cover the exigencies in the old age.
  • Pradhan Mantri Jeevan Jyoti Bima Yojana is a one-year life insurance scheme renewable from year to year offering coverage for death due to any reason. The scheme provides life cover of two lakh rupees in case of death due to any reason against a premium of 436 rupees per annum.
  • Pradhan Mantri Suraksha Bima Yojana is a one-year accidental insurance scheme renewable from year to year offering coverage for death or disability due to an accident. The scheme provides accidental death cum disability cover of two lakh rupees against a premium of 20 rupees per annum.
  • Under the Atal Pension Yojana, the subscribers would receive the guaranteed minimum monthly pension ranging from one thousand to five thousand after the age of 60 years, based on the contributions made by the subscriber.
Recent Post's

  • NHB launched Gruh Sugam Portal on March 26, 2026 to provide easy online home loans to defence, paramilitary and government personnel without visiting banks.

    Read More....

  • The US Treasury announced new currency notes bearing President Donald Trump’s signature will be introduced from June 2026, the first time a sitting president’s signature appears on American money.

    Read More....

  • DPIIT signed an MoU with KRAFTON India to boost startups in online gaming, esports, digital entertainment and AI technologies through mentorship, hackathons and innovation challenges.

    Read More....

  • Former Google executive Matt Brittin was appointed as the new Director-General of BBC, effective from May 18, 2026.

    Read More....

  • The Rajasthan government launched the Industrial Park Promotion Policy 2026 to attract investment, create jobs and develop world-class industrial parks with green incentives.

    Read More....

  • Indian Railways approved ₹1,236 crore projects to expand optical fibre network and deploy indigenous Kavach train protection system for enhanced safety and communication.

    Read More....

  • Veteran Telugu actor Nandamuri Balakrishna received Lifetime Achievement Award at International Film Festival of Delhi (IFFD) 2026 for his five-decade contribution to cinema.

    Read More....

  • IIM Kozhikode entered the global top 100 in QS World University Rankings by Subject 2026 for the first time, highlighting India’s rising academic strength.

    Read More....

  • The Ministry of Road Transport and Highways launched PRISM-SG Portal to fast-track approvals and inspections for Road Over Bridges and steel girder fabrication.

    Read More....

  • Veteran Malayalam actor and director E.A. Rajendran passed away at the age of 71 in Kollam after prolonged illness.

    Read More....