New social security schemes under PMJDY

*Jan Dhan Se Jan Suraksha Tak*

In this years(2015-16) Budget, Honble Prime Minister had announced three social security schemes in non-life insurance, life insurance and pension together converging to take Jan Dhan to next level of Jan Suraksha.

Pradhan Mantri Suraksha Bima Yojana

(Jointly with New India Assurance Co. Ltd.) This scheme under non-life insurance Security Program, It will cover all our SB Accounts/ Jan Dhan a/c holders of the Bharatiya Mahila Bank. Detail for this scheme is as below

Sum Insured Rs. 2lac for Accidental Death Rs. 2lac for Permanent Disability Rs. 1lac for Partial Disability

Period 1 Year(Renewable after one year)

Age Limit(Entry) Min 18 Years Max 70 Years

Covers with the Policy

Accidental Death Full & Permanent Disability Partial Disability

Premium Rs. 12/- + Service Tax , Per Year

Age Limit (Exit) On attaining the age of 70 Years (Nearer Birthday)

In case of joint accounts each person can take a cover of Rs. 2lac by paying the premium individually.

Enrolment period wef.01/06/2015 up to 31st Aug.2015 Annual renewal will be on 1st of June every year and premium to be paid

positively by 31st May every year.

Pradhan Mantri Jivan Jyoti Bima Yojana

(Jointly with Life Insurance Corporation of India) This scheme under life insurance Security Program, It will cover all the SB Accounts/ Jan Dhan a/c holders of the Bharatiya Mahila Bank. Details for this scheme are as below

Sum Insured Rs. 2lac (Rs. Two lac only )

Period 1 Year(Renewable after one year)

Age Limit (Entry) Min 18 Years Max 50 Years (nearer birthday)

Covers with the Policy

Death due to any reason

Premium (Regular) Rs. 330/- + Service Tax ,Per Year

Age Limit (Exit) Coverage will be available up to age 55 Years (Nearer Birthday)

In case of joint accounts each person can take a cover of Rs. 2lac by paying the premium individually.

Enrolment period wef.01/06/2015 up to 31st Aug.2015 Annual renewal will be on 1st of June every year and premium to be paid

positively by 31st May every year.

Atal Pension Yojana

(Administered By PFRDA) This scheme under Pension Security Program will cover all our Account holders of the Bharatiya Mahila Bank who neither paying income tax nor members of any statutory social security scheme. Detail for this scheme is as below

Fixed Pension available for subscribers

Rs.1000/- Per month Rs.2000/- Per month Rs.3000/- Per month Rs.4000/- Per month Rs.5000/- Per month

Min. & Max. Period for Contribution

Min. 20 Years, Max. 42 Years

Age Limit to Join the Scheme

Min 18 Years Max 40 Years

Governments contribution

50% of the subscribers contribution or Rs.1000/- Per annum Maximum , whichever is lower, for a period of 5 years

Return On attaining the age of 60 years fixed monthly pension to subscriber and his/her spouse and return of corpus to nominees.