Pradhan Mantri Suraksha Bima Yojana is a Personal Accident Insurance Scheme launched by Prime Minister Sh. Narendra Modi. It will offer protection against death or disability due to the accident. This post is last in the series of 3 Social Security Schemes launched recently. To know more about Atal Pension Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana, you may click on the respective link. Every year in India, approx 4 lakh people die because of accidents. Out of which, approx 1.37 lakh deaths are due to road accidents. The common perception is that Personal Accident Insurance and Life ... Read More
Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Jeevan Jyoti Bima Yojana was launched by PM Sh. Narendra Modi Ji on 9th May, 2015. It is one of the 3 social security schemes launched by Government of India simultaneously. I covered Atal Pension Yojana in my previous post and next post will be dedicated to Pradhan Mantri Suraksha Bima Yojana. In layman terms, Pradhan Mantri Jeevan Jyoti Bima Yojana is a term insurance plan. It can be renewed annually. It offers life insurance cover for death due to any reason. As it is evident from my posts that i am a big fan of term insurance plans due to its inherent benefits. In my ... Read More
Atal Pension Yojana – Social Security Scheme
Atal Pension Yojana was launched by Prime Minister of India Sh. Narendra Modi on May 09, 2015. This scheme was launched along with 2 other insurance schemes i.e. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). Atal Pension Yojana is a social security scheme. It is named after former Prime Minister of India Sh. Atal Bihari Vajpayee Ji. The scheme will be launched w.e.f 1st June, 2015. As usual, when i searched internet i found hundred of articles on Atal Pension Yojana which are simply cut, copy and paste of information available on official ... Read More