
Government Plan Programme Policies for UPSC Exam
:: Three social Security Schemes ::
Pradhan Mantri Suraksha Bima Yojana will offer a renewable
one year accidental death cum disability cover of Rupees Two Lakh (Rupees One
Lakh for partial permanent disability) to all savings bank account holders in
the age group of 18 to 70 years for a premium of Rs. 12/- per annum per
subscriber. The scheme would be offered / administered through Public Sector
General Insurance Companies (PSGICs) or other General Insurance companies
willing to offer the product on similar terms on the choice of the Bank / RRB /
Cooperative Bank concerned.
PMJJBY on the other hand will offer a renewable one year life
cover of Rupees Two Lakh to all savings bank account holders in the age group of
18 to 50 years, covering death due to any reason, for a premium of Rs.330/- per
annum per subscriber. The scheme would be offered / administered through LIC or
other Life Insurance companies willing to offer the product on similar terms on
the choice of the Bank / RRB / Cooperative Bank concerned.