It is a new initiative which was announced by the Finance Minister in his budget speech. Atal Pension Yojana or APY is a scheme for all those people of the unorganized sector, who wish to join the National Pension System and are not a member of any other social security scheme. In simple words,…
The Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS). To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily…
Finance Minister Arun Jaitley in Budget 2015-16 announced a low-cost personal accidental cover called Pradhan Mantri Suraksha Bima Yojana to increase the insurance penetration level in the country. Details of Pradhan Mantri Suraksha Bima Yojana (PMSBY): The scheme will be a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death…
Prime Minister Narendra Modi launched three major social security schemes in Kolkata. The schemes are the Pradhan Mantri Suraksha Bima Yojana, the Pradhan Mantri Jeevan Jyoti Bima Yojana and the Atal Pension Yojana. The Pradhan Mantri Suraksha Bima Yojana provides accident and disability cover, the Pradhan Mantri Jeevan Jyoti Bima Yojana is a life insurance…
