PM to launch 3 social security schemes on May 9
Source: The Sangai Express
Imphal, May 04 2015 :
Prime Minister Narendra Modi will dedicate to the Nation three social security schemes called Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY) on May 9 .
Nationwide launches for the schemes will be held at all State capitals and major centres which will be attended by Governors/Chief Ministers and other dignitaries simultaneously with the main launching ceremony by the Prime Minister at Kolkata on May 9, 2015, which will be telecast live at all other launch venues.
According to a statement issued by Convener, State Level Bankers Committee, AGM, SBI, Regional Business Office, the functions will commence all over the country at 5.30 pm with arrival of the respective chief guests followed by welcome addresses, screening of film on the schemes live from Kolkata at 6.17 pm, distribution of certificates of Insurance/ Passbooks to 3 subscribers by the PM live from Kolkata at 6.24 pm.
In Manipur, the launch function will be graced by the Chief Minister as the chief guest.
Local distribution of certificates of Insurance/ Passbooks to 3 subscribers by the chief guest will be at 7.17 pm.
These schemes offer Insurance and Pension cover to all persons who have a savings bank AC with any bank in India, at very low rates of annual premium/contribution.
With premium of Rs 12.00 pa only PMSBY covers accidental death and total disability with an Insurance of Rs 2.00 lakh and partial disability Insurance of Rs 1.00 lakh.
PMJJBY offers Life Insurance cover upto Rs 2.00 lakh for an annual premium of Rs 330.00 pa.
APY is essentially targeted towards providing monthly income to people in the unorganized sector when they are no longer earning, with monthly pensions of Rs 1000.00 to Rs 5000.00 depending upon their contribution and age of entry into the scheme.
Forms for PMSBY and PMJJBY are available at all branches of State Bank of India, and other banks and any person having a bank account can join the schemes by filling up and submitting the simple application form to his nearest branch.
Payment of the annual premium will be effected by auto debit to Bank Account of the applicant.
SBI, with its deep penetration across the nation and the NE States will be the leading implementing agency for the above schemes.
Enrolment into the schemes is available through Customer Service Points (CSPs) also.
It is expected that following the resounding success of PMJDY launched in August 2014 for Bank Account coverage of every Indian household, the ensuing Social Security schemes will also evoke a nationwide and record breaking success, the statement added.