Suraksha Bandhan drive launched to facilitate enrolment under Social Security Schemes

Union Government on 9 August 2015 launched Suraksha Bandhan drive in a Mission Mode through participating banks and insurance companies to facilitate enrolment under social security schemes.

The schemes are Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY).

The drive launched in the back drop of Raksha Bandhan aims at taking forward the Government’s objective of creating a universal social security system in the country, targeted especially at the poor and the under-privileged. Participating Banks supported by the participating Insurance Companies will work towards local outreach, awareness building and enrolment facilitation during this drive.

The last date for enrolment under the PMSBY and PMJJBY schemes has been extended till 30 September 2015. Persons enrolling within this period would not be required to submit a certificate of good health for Pradhan Mantri Jeevan Jyoti Bima Yojana. Pradhan Mantri Suraksha Bima Yojana enrolment does not in any event require any such certification.

The drive will be supported through the Jeevan Suraksha Gift Cheques, which will be available for purchase for 351 rupees in Bank branches by persons wishing to gift them to facilitate one year payment of premium for Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana by the recipient.

The recipient of the gift cheque would deposit the instrument in his or her bank account for a realizable value of 342 rupees, out of which 12 rupees will be for one year subscription of PMSBY and 330 rupees for PMJJBY. The balance of 9 rupees will be retained by the issuing Bank as a service charge.

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