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Government Launches Suraksha Bandhan Drive to Facilitate Enrolment under Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) through the Jeevan Suraksha Gift Cheques (Rs. 351) the Suraksha Deposit Scheme (Rs. 201) and Jeevan Suraksha Deposit Scheme (Rs. 5001) Initiatives

Dated:- 18-8-2015 - 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 ₹ 2 Lakh at an annual premium of ₹ 12 and the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for a term life cover of ₹ 2 Lakh at an annual premium of ₹ 330, launched by the Prime Minister Shri Narendra Modi on 9th May 2015 at Kolkata, a special enrolment drive has been launched by pa .....

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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, camp .....

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purchase for ₹ 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 ₹ 342 (Rs. 12 + ₹ 330) to cover one year subscription under PMJJBY and PMSBY. The balance of ₹ 9 from the purchase price of ₹ 351 would be retained by the issuing Bank as a service charge. In addition Banks .....

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