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
Why You Should Opt Out of LPG Subsidy?
LPG Subsidy, as the name suggests, is the financial aid extended to an individual for promoting economic or social agenda. In short, product / service is offered below the cost price. The difference / Subsidy i.e. Cost price minus Sale Price is borne by the Govt. Which in turn put the strain on Govt finances because Govt is spending more compared to its earning. As the subsidy is financial aid therefore it should be need based rather blanket offering. Financial aid is always provided to those who need it. Sometime back i wrote a post, How to link Aadhaar to LPG Connection Online. It gave me an ... Read More
7 Benefits of Sukanya Samriddhi Account
Sukanya Samriddhi Account is another welcome step from Govt of India. Honorable Prime Minister of India, Sh. Narendra Modi Ji launched Sukanya Samriddhi Account "A Small Savings Scheme" on 22nd January 2015. It is part of "Beti Bachao - Beti Padhao" initiative of Government of India (GOI) also known as BBB. Despite sincere efforts from Govt of India, Sex ratio in India is still a grave concern and it shows the backwardness of the country. It's commendable that Govt of India is taking steps to change the mindset of people towards Girl Child. Recently i saw few TV ads of GOI with a message that ... Read More
Pradhan Mantri Jan Dhan Yojana
Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by our Prime Minister Sh. Narendra Modi on Aug 28, 2014. The key objective of this scheme is Financial Inclusion i.e. to provide banking & financial services in affordable manner. Though we all know primary benefits of Pradhan Mantri Jan Dhan Yojana but lets discuss key inclusions and exclusions of Pradhan Mantri Jan Dhan Yojana for the benefit of readers. Highlights of Pradhan Mantri Jan Dhan Yojana (a) Life insurance cover of Rs 30,000 (Applicable only if savings account is opened between Aug 15, 2014 and Jan 26, 2015) (b) ... Read More