Eligibility:
Available to people in age group 18 to 70 years with bank account.
Premium: Rs.12
per annum.
Payment Mode: The
premium will be directly auto-debited by the bank from the subscribers account.
This is the only mode available.
Risk Coverage: For
accidental death and full disability - Rs.2 Lakh and for partial disability –
Rs.1 Lakh.
Eligibility: Any
person having a bank account and Aadhaar number linked to the bank account can
give a simple form to the bank every year before 1st of June in
order to join the scheme. Name of nominee to be given in the form.
Terms of Risk Coverage: A
person has to opt for the scheme every year. He can also prefer to give a
long-term option of continuing in which case his account will be auto-debited
every year by the bank.
Who will implement this Scheme?: The
scheme will be offered by all Public Sector General Insurance Companies and all
other insurers who are willing to join the scheme and tie-up with banks for
this purpose.
Government
Contribution:
(i)
Various Ministries can co-contribute premium for
various categories of their beneficiaries from their budget or from Public
Welfare Fund created in this budget from unclaimed money. This will be decided
separately during the year.
(ii)
Common Publicity Expenditure will be borne by
the Government.
******
DSM/KA