SARKARI SCHEMES GOVT. BIMA SCHEME

 SARKARI SCHEMES GOVT. BIMA SCHEME

The government of India offers several "bima" (insurance) schemes to provide social security and financial protection to its citizens, especially those from vulnerable sections of society. Here's a look at some of the major schemes:

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

• Type of Scheme: Life insurance.

• Purpose: Provides a life insurance cover for death due to any reason.

• Coverage: ₹2 lakh.

• Eligibility: Individuals with a bank account in a participating bank or post office, aged between 18 and 50 years.

• Premium: ₹436 per year, auto-debited from the subscriber's bank account.

• Key Features: The policy is renewable annually, and the coverage period runs from June 1st to May 31st.

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

• Type of Scheme: Accidental death and disability insurance.

• Purpose: Provides accidental death and disability cover.

• Coverage:

  • ₹2 lakh for accidental death or total and irrecoverable loss of both eyes, or loss of use of both hands or feet.

  • ₹1 lakh for total and irrecoverable loss of sight of one eye, or loss of use of one hand or one foot.

• Eligibility: Individuals with a bank account in a participating bank or post office, aged between 18 and 70 years.

• Premium: ₹20 per year, auto-debited from the subscriber's bank account.

• Key Features: The policy is renewable annually, and the coverage period runs from June 1st to May 31st.

Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)

• Type of Scheme: Health assurance.

• Purpose: Provides free healthcare services to economically weaker sections of society.

• Coverage: ₹5 lakh per family per year for secondary and tertiary care hospitalization.

• Eligibility: The scheme is based on the deprivation and occupational criteria of the Socio-Economic Caste Census (SECC) 2011. Beneficiaries are automatically included. There is no restriction on family size, age, or gender.

• Key Features: It's the world's largest government-funded health assurance scheme. It provides cashless treatment at empanelled public and private hospitals across India. Pre-existing diseases are covered from day one.