Excelsior Correspondent
JAMMU, May 5: Punjab National Bank (PNB) has been entrusted by the Union Finance Ministry with the task of launching three social security schemes of Pradhan Mantri Suraksha Bima Yojna (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojna in Jammu division.
This was disclosed by BM Fazil, PNB Deputy General Manager, J&K Circle, during a press conference held here today. He said the three schemes would be inaugurated by Prime Minister Narendra Modi on May 9.
He said that this would be a path breaking initiative towards providing affordable universal access to essential social security protection in a convenient manner linked to auto-debit facility from the bank account of the subscriber.
“PMSBY will offer a renewable one year accidental death cum disability cover of Rs 2 lakh to saving bank account holder in the age group of 18-70 years for a premium of Rs 12 per annum while under PMJJBY the subscriber will get renewable one year life cover of Rs 2 lakh for a premium of Rs 330 per year”, he added.
He further informed that Atal Pension Yojna would address old age income security needs. He added that for creating awareness drives, massive campaign has already been launched in the State through all its branches as well as 83 Bank Mitra locations in the State. Bank has already enrolled over 3000 persons in these social security schemes, he informed.
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