To build on the very
encouraging response to the social security schemes, namely; Pradhan Mantri
Suraksha Bima Yojana (PMSBY) for accident and disability cover of up to Rs.
2 Lakh at an annual premium of Rs. 12 and the Pradhan Mantri Jeevan
Jyoti Bima Yojana (PMJJBY) for a term life cover of Rs. 2 Lakh at an annual
premium of Rs. 330, launched by the Prime Minister Shri Narendra Modi on
9th May 2015 at Kolkata, a special enrolment drive has been launched
by participating Banks and Insurance Companies during August-September 2015, in
the backdrop of the forthcoming festival of Raksha Bandhan. The drive
is reaching out to the pool of eligible Bank account holders who are yet to be
enrolled under these schemes.
The “Suraksha
Bandhan” drive aims to take forward the Government’s objective of creating
a universal social security system in the country, targeted especially at the
poor and the under-privileged. Participating Banks supported by the
participating Insurance Companies are carrying out local
outreach, awareness building and enrolment facilitation under the drive. All
eligible citizens are requested to contact their Bank branches for enrolment.
Public service organizations
supported by peoples representatives, field functionaries of Govt. Departments
/ Ministries working with the unorganized / informal sector and Banks /
Insurance companies are participating in these efforts through various outreach
activities such as enrolment drives, camps etc. in large numbers during this
period.
The last date for
enrolling under the PMSBY and PMJJBY schemes has been extended till 30th
September 2015, and persons enrolling within this period would not be
required to submit a certificate of good health for PMJJBY. PMSBY enrolment
does not in any event require any such certification.
The drive envisaged in the backdrop
of Raksha Bandhan, is supported through a specially launched instrument the “Jeevan
Suraksha Gift Cheque”, which is available for purchase for Rs.
351 in Bank Branches by persons wishing to gift them to facilitate one year
payment of premium for PMJJBY and PMSBY by the recipient. The recipient of the
gift cheque would deposit the instrument in his / her bank account for a
realizable value of Rs. 342 (Rs. 12 + Rs. 330) to cover one year
subscription under PMJJBY and PMSBY. The balance of Rs. 9 from the purchase
price of Rs. 351 would be retained by the issuing Bank as a service charge.
In addition Banks have made
available deposit scheme facility to all account holders under the Suraksha
Deposit Scheme (Rs.201) and the Jeevan Suraksha Deposit Scheme (Rs.5001)
aimed at enabling them to deposit Rs. 201 or Rs. 5001, respectively in their
accounts either on their own initiative by cash or regular cheque etc. received
as gifts during the festive season of Raksha Bandhan for long term subscription
under PMSBY or both PMSBY and PMJJBY, respectively.
The Rs. 201 deposit envisaged
under Suraksha Deposit Scheme would be used by the individual through his/her
Bank account to reserve Rs. 24 for paying two annual payments of Rs. 12 each
for PMSBY, at the appropriate time, and the remaining Rs. 177 would be in a
Fixed Deposit (FD) for 5 to 10 years for payment of future PMSBY subscriptions
from the interest accrued every year.
Similarly, the Rs. 5001 deposit
under Jeevan Suraksha Deposit Scheme would be used to reserve Rs. 684 for
paying two annual payments of Rs. 342 (Rs. 12 + Rs. 330) each for subscription
to PMSBY and PMJJBY, at the appropriate time, and the remaining Rs. 4317 would
be kept in FD for 5 to 10 years for payment of future PMSBY and PMJJBY
subscriptions from the interest accrued every year.
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DSM/KA