Insurance cover under government schemes: In these schemes of the government, you or your family members get insurance in the form of financial assistance. Most of the people are aware of these schemes but they do not know about the insurance cover available on them.
If you are also thinking of investing in government schemes, then this news is for you only. We are going to tell you about some schemes where you get double benefit. In these schemes, you or your family members get insurance in the form of financial assistance. Most of the people are aware of these schemes but they do not know about the insurance cover available on them.
Pradhan Mantri Jan-Dhan Yojana
Pradhan Mantri Jan-Dhan Yojana was started to provide direct benefit of financial subsidy or facility to the common people. Under this account can be opened on zero balance. If you also have a Jan-Dhan Account (PMJDY), then with this you get an accidental insurance cover of Rs 1 lakh. Apart from this, life insurance cover of 30 thousand rupees is also available on the Rupay debit card found with the bank account opened under the Jan Dhan scheme.
Benefit is also available on EPF account
If you are employed, that is, your salary comes, then obviously you are an EPF account holder. Let us tell you that the subscribers on EPF account get free life insurance cover of up to Rs 7 lakh under Employees’ Deposit Linked Insurance Scheme (EDLI). In this, EPF members or subscribers do not have to pay any premium.
Pradhan Mantri Jeevan Jyoti Bima Yojana
In the investment schemes of the government, Pradhan Mantri Jeevan Jyoti Bima Yojana is considered to be a great scheme. If you have invested in this scheme, the nominee gets a cover of up to Rs 2 lakh in case of death in an unfortunate event. This scheme (PMJJBY) is for people in the age group of 18 to 50 years. The cover period under this scheme is from June 1 to May 31.
Pradhan Mantri Suraksha Bima Yojana
This scheme is for people from 18 to 70 years. Under the Prime Minister Suraksha Bima Yojana, a cover of Rs 2 lakh is available on accidental death or complete disability at an annual premium of only Rs 12. A cover of Rs 1 lakh is available on partial disability. The premium of Rs 12 gets auto debited from the bank account.
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