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Approval to operationalization of the Atal Pension Yojna (APY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Dated:- 7-5-2015 - The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi today approved the operationalisation of the Atal Pension Yojna (APY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana .....

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rs as the Government contribution for publicity / awareness creation related expenditure for PMJJBY and PMSBY. Under the APY, subscribers would receive a fixed minimum pension of ₹ 1000 per month, ₹ 2000 per month, ₹ 3000 per month, .....

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₹ 1000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years, that is, from 2015-16 to 2019-20, to those who join the NPS before 31st December, 2015 and who are not members of any statutory social security .....

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is 40 years. The benefit of fixed minimum pension would be guaranteed by the Government. Under PMJJBY, annual life insurance of ₹ 2 lakh would be available on the payment of premium of ₹ 330 per annum by the subscribers. The PMJJBY will .....

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sability and ₹ 1 lakh for partial disability. The Scheme will be available to people in the age group 18 to 70 years with a bank account, from where the premium would be collected through the facility of auto-debit . Government expenditure is e .....

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ivities for enrolment and contribution collection under APY and ₹ 250 crore for publicity, awareness building for PMJJBY and PMSBY is envisaged by the Government, over a period of five years. It is expected that around two crore subscribers wou .....

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