PMSBY

The Govt of India has launched new two schemes namely PMSBY and PMJJBY on 9thAprill 2015 and signed MOU with insurance companies for one year covers Term Life insurance scheme renewable from year to year offering life insurance covers for death due to any reason .In respect of PRADHAN MANTRI JANA SURAKHYA BIMA YOJANA the Annual premium of Rs 20.00/– plus service tax if applicable per insured member per annum is to deducted and remitted by bank on renewal dates ie 1St June every year and insurance covers Rs 2 lakhs on death and loss of both of eyes ,both hands or feet ,loss of sight of one eyes , Rs 1 lakhs for on total and irrecoverable loss of sight of one eyes or loss of one hand or one foot .