Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed Life insurance scheme in

India. It was originally mentioned in the 2015 Budget speech by Finance Minister Arun Jaitley in
February 2015.[1] It was formally launched by Prime Minister Narendra Modi on 9 May
in Kolkata.[2] As of May 2015, only 20% of India's population has any kind of insurance, this
scheme aims to increase the number.[3]
Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people between 18 and 50 years of age
with bank accounts. It has an annual premium of 330 (US$4.90) excluding service tax, which is
above 14% of the premium. The amount will be automatically debited from the account. In case
of death due to any cause, the payment to the nominee will be 2 lakh (US$3,000).[1][2]
This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan
Yojana scheme. Most of these account had zero balance initially. The government aims to reduce
the number of such zero balance accounts by using this and related schemes
Pradhan Mantri Jan-Dhan Yojana (IPA: Pradhn Mantr Jana Dhan Yjan) (Hindi:
, English: Prime Minister's People Money Scheme) (PMJDY) is National Mission
for Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit
Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. This financial
inclusion campaign was launched by the Prime Minister Narendra Modi on 28 August 2014[1] He
had announced this scheme on his first Independence Day speech on 15 August 2014.
Run by Department of Financial Services, Ministry of Finance, on the inauguration day, 1.5
Crore (15 million) bank accounts were opened under this scheme. [2][3] Guinness World Records
Recognises the Achievements made under PMJDY, Guinness World Records Certificate says
"The most bank accounts opened in 1 week as a part of financial inclusion campaign is
18,096,130 and was achieved by Banks in India from 23 to 29 August 2014". By 10 February
2016,

over

20 crore (200

million)

bank

accounts

billion (US$4.8 billion) were deposited under the scheme.

were

opened

and 323.78

[4]

Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in

India. It was originally mentioned in the 2015 Budget speech by Finance Minister Arun Jaitley in
February 2015.[1] It was formally launched by Prime Minister Narendra Modi on 9 May
in Kolkata.[2] As of May 2015, only 20% of India's population has any kind of insurance, this
scheme aims to increase the number.[3]

Pradhan Mantri Suraksha Bima Yojana is available to people between 18 and 70 years of age
with bank accounts. It has an annual premium of 12 (18 US) excluding service tax, which is
about 14% of the premium. The amount will be automatically debited from the account. In case
of accidental death or full disability, the payment to the nominee will be 2 lakh (US$3,000) and
in case of partial Permanent disability 1 lakh (US$1,500). Full disability has been defined as
loss of use in both eyes, hands or feet. Partial Permanent disability has been defined as loss of
use in one eye, hand or foot.[1][2]
This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan
Yojana scheme. Most of these account had zero balance initially. The government aims to reduce
the number of such zero balance accounts by using this and related schemes.[3]
Atal Pension Yojana is a government-backed pension scheme in India targeted at the
unorganised sector. It was originally mentioned in the 2015 Budget speech by Finance
Minister Arun Jaitley in February 2015.[1] It was formally launched by Prime MinisterNarendra
Modi on 9 May in Kolkata.[2] As of May 2015, only 11% of India's population has any kind of
pension scheme, this scheme aims to increase the number.[3]

INDIA NUCLEAR INSURANCE POOL

GIC Re, New India, Oriental Insurance, National Insurance and United India
Insurance from the public sector, the private ones are ICICI Lombard General
Insurance, Tata AIG General, Reliance General Insurance, Chola MS General
Insurance, IFFCO Tokio General Insurance, SBI General and Universal Sompo
General