PMJJBY

The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to join / enable auto-debit. Risk coverage under this scheme is for Rs. 2 Lakh in case of death of the insured. Premium amount is Rs. 330/- per Annum.

PMSBY

PMSBY is an accidental insurance scheme that provides accidental death and disability coverage for one year, with an annual renewal. With the minimum premium rate of Rs. 12/- per annum this policy is most beneficial to the poor and low income section of the society. PMSBY provides life coverage of Rs. 2 lakh for the accidental demise and permanent total disability and Rs. 1 lakh for permanent partial disability

ATAL PENSION YOJANA (APY)

Overview: The Govt. of India launched the Atal Pension Yojana (APY), which provides a defined pension, depending on the contribution, and its period. The APY is focused on all the citizens in the unorganized sector, administered by Pension Fund Regulatory and Development Authority (PFRDA). The subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their contributions, which itself would be based on the age of joining the APY.

The age of joining & Contribution Period:The minimum age of joining APY is 18 years and maximum age is 40 years. The age of exit and start of Pension would be 60 years.

Benefit : Fixed pension for the subscribers ranging between Rs. 1000/- to Rs. 5000/- after attaining the age 60 years.