Grand Launch of three Social Security Programmes PMSBY, PMJJBY & APY
Our Hon’ble prime Minister is going to launch the three very important Social Security Programmes, viz. PMSBY, PMJJBY & APY on 9th or 10th of May’2015.
All Bank account holders (as per given age brackets) are eligible to join these Social Security Schemes on payment of nominal premium through direct debit mode .
All public sector banks who have mobilized more than 14 crore Bank accounts under the PMJDY scheme in Mission Mode are expected to implement the above programme with great zeal and enthusiasm.
As per the Annual Budget Speech 2015 following social security insurance & pension schemes would be offered to Bank account holders:
Pradhan Mantri Suraksha Bima Yojna (PMSBY): Accident Insurance cover of Rs 2 lakh @ annual premium of Rs 12/+ Applicable Service Tax to the debit of a/c holder, available to all account holders of age between 18 Yrs to 70 Yrs.
Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY) : Life Insurance cover of Rs 2 lakh @ annual premium of Rs 330/+ Applicable Service Tax to the debit of a/c holder , available to all account holders of age between 18 Yrs to 50 Yrs
Atal Pension Yojna (APY): Monthly pension after annuity period ranging from Rs 1000 to Rs 5000 as per monthly subscription paid by a/c holder in the age group of 18 Yrs to 40 yrs and other criteria as per scheme this regard