Saturday, May 9, 2015

Accidental and Life Insurance at Minimum Premium: Pradhan Mantri Suraksha Bima Yojana & Pradhan Mantri Jeevan Jyoti Bima



Pradhan Mantri Suraksha Bima Yojana

The scheme will be a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. The scheme would be offered / administered through Public Sector
General Insurance Companies (PSGICs) and other General Insurance companies willing to offer the product on similar terms with necessary approvals and tie up with Banks for this purpose.
This scheme is applicable to bank account holder

Major Point of  Accidental Insurance

*For all Bank account holders whose age is between 18 to 70 years.
*Insurance amount can also be availed if in a handicapped state.
*Accident insurance worth Rs. 2 lacs at just Rs. 12 per annum as annual premium.
*Period of Insurance  Annual : 1st June - 31st May
*The premium will be deducted from the account holder's saving bank account through 'auto debit' facility.
*The person would be eligible to join the scheme through one saving bank account only.

Insurance Claim Benefits

 * For Death Rs. 2 Lakh
 *For Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot Rs. 2 Lakh
*For Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot  is  Rs. 1 Lakh

Pradhan Mantri Jeevan Jyoti Bima

The scheme will be a one year cover, renewable from year to year, Insurance Scheme offering life insurance cover for death due to any reason. The scheme would be offered/ administered through LIC and other Life Insurance companies willing to offer the product on similar terms with necessary approvals and tie ups with Banks for this purpose. Participating banks will be free to engage any such life insurance company for implementing the scheme for their subscribers.
Major Points of this Life Insurance

*For all Bank account holders whose age is between 18 to 50 years.
*Life Insurance amount for your family, in your absence.
*Life insurance worth Rs. 2 lacs at just Rs. 330 per annum.
*Period of Insurance Annual : 1st June - 31st May
*The premium will be deducted from the account holder's saving bank account through 'auto debit' facility.
*The person would be eligible to join the scheme through one saving bank account only.

For more information on this Insurance Scheme please visit http://www.pmjdy.gov.in/ or http://www.jansuraksha.gov.in/


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