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October 20, 2017

Madhya Pradesh Chief Minister to launch 3 major schemes on May 9


Newsroom24x7 Desk

atal pension yojnaBhopal: Three major insurance schemes are being launched by Chief Minister of Madhya Pradesh  Shivraj Singh Chouhan on May 9.

The schemes being launched by the chief minister are Central schemes. They are Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojna. Exteernal Affairs Minister Sushma Swaraj will attend the launch event in the state capital.

Pradhan Mantri Suraksha Bima Yojana

It is risk cover for accidental death and full disability. It will be available to people in the 18 to 70 age group under a single bank account. the Aadhar card would be the primary KYC for the bank account.

Under the scheme, every member would deposit a premium of Rs. 12 per annum. In case of accidental death, the next of the kin of the deceased will get Rs. 200,000. In case of total and irrecoverable loss of both eyes or loss (use) of both hands or feet or loss of sight in an eye and loss of use of hand or foot, Rs. 200,000 will be given and Rs. 100,000 will be given on total loss of sight in one eye or loss of use of one hand or foot.

Pradhan Mantri Jeevan Jyoti Yojana

All savings bank account holders in the age 18 to 50 years in participating banks will be entitled to join this scheme. Insurance cover will also be available under this scheme in case of death due to any reason. Insured persons will have to deposit a premium of Rs. 330 per member per annum. Rs. 200,000 will be the sum payable on a member’s death due to any reason.

Atal Pension Yojana

This scheme is bing introduced to provide assured income during old age to workers from the unorganized sector. They will get pension benefit after attaining the age of 60 years. Pension ranging from Rs. 1000 to Rs. 5000 will be provided if a member contributes to the scheme between the age of 18 and 40 years.

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