Our Correspondent
IMPHAL, May 9
Manipur Chief Minister O Ibobi Singh today launched three Social Security Schemes of the insurance and Pension sector, namely the Pradhan Mantri Suraksha Bima Yojana, the Pradhan Mantri Jeevan Jyoti Bima Yojana and the Atal Pension Yojana during a simple function in Imphal.The primary objective of the scheme is to provide universal social security system for all Indians ensuring that no Indian citizen will have to worry about illness, accidents or penury in old age.
Pradhan Mantri Suraksha Bima Yojana is scheme which will provide insurance cover of Rs 2 lakhs for a mere premium of Rs 12 per year. This scheme also provides insurance claim upto Rs 1 lakh in case of partial permanent disability. This scheme is renewable year on year by subscribing Rs 12 every year. All savings bank account holders in the age group of 18 to 70 years are eligible and the premium amount will be auto-debited from the subscriber’s bank account on enrolment in the scheme.Pradhan Mantri Jeevan Jyoti Bima Yojana on the other hand offers insurance cover for Rupees two lakh covering death due to any reason. The annual premium will be Rs. 330 and all savings bank account holders in the age group of 18 to 50 years are eligible to enroll. The premium will be auto-debited from the subscriber’s bank account on enrolment in the scheme.Atal Pension Yojana, the third scheme being launched, targets old age income security and will focus on the unorganized sector. It will provide subscribers a fixed minimum pension per month starting at the age of 60 years on entering the scheme at an age between 18 and 40 years, to ensure a minimum period of contribution of 20 years or more to enable an adequate pension corpus.
Today as the scheme will be launched at the national level by Hon’ble Prime Minister, it is also being concurrently launched in all the state capitals across the country, says Chief Minister Ibobi while launching the schemes at the Chandrakrity auditorium in Imphal this evening.
Ibobi said, “Accidental deaths are on rise in India, which is cause of major concern, as the untimely death of bread earners in most of the low and middle class families’ leads to financial crunch in the families. The associated medical treatment costs also add to the burden to the family members. Though people with high income can afford accidental insurance, it is nearly impossible for poor people with one earning member to buy such insurance due to high premium.”
Considering this Pradhan Mantri Suraksha Bima Yojana was announced in the union budget 2015-2016 which is a part of social security scheme, it aims to provide compensation to the family members of the deceased or with partial disability at the cheapest insurance premium in India.
Stating that under these schemes, all the eligible family members who hold bank accounts in their names could enroll and ensure social security, Chief Minister said, “I appeal to all the eligible people to utilize this opportunity and get enrolled in the schemes.”
State Chief Secretary PC Lawmkunga, Principal Secretary (Finance) Dr J Suresh Babu, senior officials of Government of Manipur, Bank officials also attended the launching session.
