INDIAN  GOVERNMENT  SCHEMES

Covers: The scheme is a one-year cover term life insurance scheme, renewable from year to year, offering life insurance cover for death due to any cause.

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Premium: Premium payable is Rs.436/- per annum per subscriber.

Mode of Payment: The premium is deducted from the account holder’s bank / Post office account through an ‘auto debit’ facility in one instalment, as per the consent of the subscriber.

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Eligibility: All individual (single or joint) account holders of participating banks / Post offices, in the age group of 18 to 50 years are entitled to join.

Covers: The scheme is a one year cover Personal Accident  Insurance Scheme, renewable from year to year, offering protection against death or disability due to accident (accident means a sudden, unforeseen and involuntary event caused by external,violent and visible means).

Premium: Premium payable is Rs.20/- per annum per member.

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Mode of Payment: The premium will be deducted from the account holder’s bank / Post office account through ‘auto debit’ facility in one instalment, as per the consent given by the subscriber at the time of enrolment.

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Eligibility: All individual (single or joint) account holders of participating banks / Post office, in the age group of 18 to 70 years are entitled to join.

Benefit: Atal Pension Yojana (APY), a pension scheme for citizens of India, is focused on unorganised sector workers. Under the APY, a guaranteed minimum pension of Rs.1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will be given at the age of 60 years depending on the contributions by the subscribers.

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Eligibility: The age of the subscriber should be between 18-40 years and he/she should have a savings bank account.

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Mode of Contribution: All the contributions are to be remitted monthly through an auto-debit facility from the savings bank account of the subscriber. 

Ayushman Bharat PM-JAY is the largest health assurance scheme in the world which aims at providing a health cover of Rs. 5 lakhs per family per year for secondary and tertiary care hospitalization to over 10.74 crores of poor and vulnerable families (approximately 50 crore beneficiaries) that form the bottom 40% of the Indian population. The households included is based on the deprivation and occupational criteria of the Socio-Economic Caste Census 2011 (SECC 2011) for rural and urban areas respectively. PM-JAY was earlier known as the National Health Protection Scheme (NHPS) before being rechristened.

 

It subsumed the then-existing Rashtriya Swasthya Bima Yojana (RSBY) which had been launched in 2008. The coverage mentioned under PM-JAY, therefore, also includes families that were covered in RSBY but are not present in the SECC 2011 database. PM-JAY is fully funded by the Government and the cost of implementation is shared between the Central and State Governments.