Dr Jitendra launches Jan Suraksha schemes in Jammu
After Jan Dhan Yojna, MoS in Prime Minister’s Office, Dr Jitendra Singh Saturday launched three mega social security initiatives here, which include one pension and two insurance schemes.
After Jan Dhan Yojna, MoS in Prime Minister's Office, Dr Jitendra Singh Saturday launched three mega social security initiatives here, which include one pension and two insurance schemes.
The schemes were launched by the Minister in the presence of MP and BJP senior leader-Jugal Kishore Sharma, Minister for Social Welfare, Forests, Ecology & Environment-Bali Bhagat and MoS Finance and IT-Pawan Kumar Gupta.
Speaking at the function, Dr Jitendra Singh informed the gathering that these schemes are an extension of 'Jan Dhan Se Jan Suraksha', aimed at broadening the ambit of social security measures for one and all in the country.
He exhorted upon bankers to ensure maximum coverage under the scheme up to 31-May-2015, so that the national target of enrolling 10 crore, population in the country is not only achieved but surpassed.
"Bankers must enroll their existing and new customers for Pradhan Mantri Suraksha Beema Yojna (PMSBY) and Pradhan Mantri Jeevan Beema Yojna (PMJBY) as the premiums for accidental and life insurance coverage in these schemes is Just Rs 12 and Rs 330 per annum, respectively," said the minister.
He added that PMSBY will offer a renewable one year accidental death-cum-disability cover of Rs 2 lakh for partial/permanent disability to all savings bank account holders in the age group of 18-70 years.
"The scheme would be administered through public sector general insurance companies or other general insurance firms willing to offer the product on similar terms on the choice of the bank concerned," he said.
PMJBY, on the other hand, will offer a renewable one year life cover of Rs 2 lakh to all savings bank account holders in the age group of 18-50 years, covering death due to any reason, he added.
The pension scheme will focus on the unorganized sector and provide subscribers a fixed minimum pension of Rs 1,000, 2,000, 3,000, 4,000 or Rs 5,000 per month starting at the age of 60 years, depending on the contribution option exercised on entering at an age between 18 and 40 years.
Earlier, Dr Ram S Sangapure, executive director of Punjab National Bank highlighted the salient features of the schemes and assured the union minister that they will ensure enrolment in these schemes across the length and breadth of the country.