PMBY

PRADHAN MANTRI SURKSHA BIMA YOJANA
Eligibility: Savings Bank (SB) Account holders between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the modality, will be enrolled into the scheme.
Claim amount will be paid to account holder’s nominee in case of accidental death.
Premium: Rs. 12 per annum.
Benefits: As per the following table:
Table of Benefits Sum Insured
1. Death Rs. 2 Lakh
2. Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot Rs. 2 Lakh
3. Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot Rs. 1 Lakh
Premium: Rs.12/- per annum per member. The premium will be deducted from the account holder’s savings bank account through ‘auto debit’ facility in one installment on or before 1st June of each annual coverage period under the scheme. However, in cases where auto debit takes place after 1st June, the cover shall commence from the first day of the month following the auto debit.
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PRADHAN MANTRI JIVAN JYOTI BIMA YOJANA
Eligibility: Savings Bank (SB) Account holders between 18 years (completed) and 50 years (age nearer birthday) who have given the consent to join the scheme / enable auto-debit, as per the modality, will be enrolled into the scheme.
Applicant should be the account holder of our bank.
Benefits: Rs.2 laths is payable on member’s death due to any reason.
Premium: Rs.330/- per annum per member.
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 ATAL PENSION YOJANA
Eligibility: The Atal Pension Yojana was affected from May, 2015. The scheme intends to bring pension benefits to people of the un organized sector so that they can enjoy social security with a minimum contribution per month. People who work in the private sector or are employed in occupations that do not give them the benefit of pension can apply for this scheme. They can opt for a fixed pension of INR 1,000 or 2,000 or 3,000 or 4,000 or 5,000 on attaining the age of 60. The amount of contribution and the individual’s age will determine the pension. Upon the contributor’s death, the spouse of the contributor can claim the pension and after the spouse’s death the nominee will be returned the corpus accrued. The amount collected under the scheme is to be managed by Pension Funds Regulatory Authority of India (PFRDA) as per the investment pattern specified by the Government of India. Individual applicants will have no choice of pension funds or investment allocation.
Applicant The Atal Pension Yojana (APY) is open to all Indians between the age of 18 and 40. This allows an individual to contribute for at least 20 years before reaping the benefits of the scheme. Any bank account holder who is not a member of any statutory social security scheme can avail of the scheme.
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