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7 years of PMJJBY, PMSBY, and APY
May 13 , 2022
871 days
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- Social security schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) have completed seven years of their launch.
- These three schemes were launched by Prime Minister on May 9, 2015 in Kolkata.
- PMJJBY is a life insurance scheme.
- It offers coverage for death due to any reason.
- Any individual in the age group of 18-50 years having a savings bank or a post office account are eligible to enrol under the scheme.
- PMSBY is an accidental insurance scheme.
- It offers coverage for death or disability due to accident.
- Any individual in the age group of 18-70 years having a savings bank or a post office account is eligible to enrol under the scheme.
- APY is an initiative of the Government to provide financial security for the people in the unorganized sector.
- All bank account holders in the age group of 18 to 40 years are eligible.
- The contributions to APY differ, based on pension amount chosen.
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