The Jan Suraksha scheme which was launched by prime minister Narendra Modi on 9th May 2015 completes 7 years of providing social security today. Three Jan Suraksha schemes were launched by the prime minister, these schemes are Pradhan Mantri Jeevan Jyoti Bima Yojana, and Pradhanmantri Suraksha Bima Yojana, and Atal Pension Yojana. Today the schemes complete 7 years of providing social security with the motto of recognizing the necessity to protect human life from risk and economic uncertainty. The government has launched two insurance schemes Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana to ensure that the people from the unorganized sector of the nation are economically secure and the Atal Pension Yojana is to cover the needs of the elderly people in the country.
During the celebration of the 7th anniversary of the Jan Suraksha scheme the union minister of finance and corporate affairs, Nirmala Sitaraman stated that “One of the main objectives under the national mission for finance inclusion announced by the honorable prime minister on 15 August 2014, was to expand the coverage of insurance and pension to provide the poor and marginal section of the society the much needed financial securities through affordable products, the three Jan Suraksha schemes have brought the insurance and pension within the reach of the common man.”
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Pradhanmantri Suraksha Bima Yojana was one of the three Jan Suraksha schemes launched by the prime minister of India. The Pradhanmantri Suraksha Bima Yojana is a one-year life insurance program that can be renewed year after year and provides coverage for any cause of death. Individuals who have savings bank or post office accounts between the age of 18 and 17 are eligible to participate in the scheme. Insurance of rupees 2 lakh is granted in accidental death and disability. Rupees 1 lakh is granted in case of partial impairment. As per the records of 27 April 2022, 28.37 lakh people have enrolled themselves in the scheme and 97,227 people have benefited from the scheme with rupees 1,930 crores.
Pradhanmantri Jeevan Jyoti Bima Yojana is a one-year life insurance program that is also renewable year after year and provides coverage for any cause of death. Individuals who have savings bank or post office accounts between the age of 18 to 50 are eligible for this program. The scheme offers the people ensured life risk covered until the age of 55 if they pay the premium before they reach the age of 50. For an insurance policy of 2 lakh, the cost each year will be rupees 330. The premium for the scheme is automatically deducted every year from the account holder’s bank account. As per the records of 27 April 2022 more than 12.76 crore people have enrolled for the plan and rupees 1,152 crores have been paid.
Atal Pension Yojana is one of the three schemes offered by the Jan Suraksha scheme. Atal Pension Yojana is available for individuals who have bank accounts between the age of 18 and 40 and the contributions vary depending on the amount of pension chosen. The individuals who have subscribed for the Atal Pension Yojana are guaranteed a minimum monthly pension of rupees 1000, Rs2000, Rs3000, Rs 4000, or Rs 5000 according to the pension payment entered into the program when they reach the age of 60. The individual who has subscribed for a monthly pension is available through his lifetime then it is transferred to his spouse after his death and then the subscriber’s pension goes to the subscriber’s nominee. As per the records of 27 April 2022, 4 crore people have signed up for the scheme.
1. What is Pradhanmantri Suraksha Bima Yojana?
Ans. The people who are below the poverty line and cannot afford insurance can apply for Pradhanmantri Suraksha Bima Yojana. It is a one-year life insurance program that can be renewed every year and it provides coverage for any cause of death. Individuals with savings bank or post office accounts between the age of 18 to 17 are eligible to participate in the scheme. Minimum insurance of Rs 2 lakh is granted for accidental death and disability.
2. Who can subscribe to Atal Pension Yojana?
Ans. Any citizen of India can subscribe to the Atal Pension Yojana scheme. The subscriber should be between the age of 18 to 40 years and he or she must have a savings bank account.
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The people who are below the poverty line and cannot afford insurance can apply for Pradhanmantri Suraksha Bima Yojana. It is a one-year life insurance program that can be renewed every year and it provides coverage for any cause of death. Individuals with savings bank or post office accounts between the age of 18 to 17 are eligible to participate in the scheme. Minimum insurance of Rs 2 lakh is granted for accidental death and disability.
Any citizen of India can subscribe to the Atal Pension Yojana scheme. The subscriber should be between the age of 18 to 40 years and he or she must have a savings bank account.
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