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
  • Scientist Srinivas Kulkarni awarded the 2024 Shaw Prize in astronomy for his groundbreaking contributions.

    Read More....
  • World Turtle Day was observed on May 23.

    Read More....
  • India First Life Insurance has appointed Rushabh Gandhi as its Managing Director and CEO.

    Read More....
  • Jenny Erpenbeck's novel 'Kairos' has been awarded the International Booker Prize for the year 2024.

    Read More....
  • Indian Wildlife Institute reveals over 4000 Gangetic Dolphins thriving in India's waters.

    Read More....
  • Saga Dawa Festival commemorated in Sikkim on May 23, 2024.

    Read More....
  • IOC initiates the 'Let’s Move India' campaign to encourage people to celebrate athletes at the Paris Olympics.

    Read More....
  • Sachin Sarjerao Khilari clinched the gold medal in shot put at the World Para Athletics Championships.

    Read More....
  • Norway, Spain, and Ireland are set to officially recognize Palestine as a state.

    Read More....
  • Mariyappan Thangavelu, a two-time Paralympics medallist, secured his first gold medal at the World Para Athletics Championships by achieving a leap of 1.88m in the men’s T63 high jump event held in Kobe, Japan, on May 21, 2024.

    Read More....