Three Union Ministers on Saturday launched the Central Government’s three ambitious insurance and pension schemes aimed at ensuring financial inclusion for all at three different cities in Odisha. While Petroleum and Natural Gas Minister Dharmendra Pradhan launched three schemes namely the Atal Pension Yojana (APY), the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY) in Bhubaneswar, Tourism Minister Mahesh Sharma launched the schemes in Brahmapur.
Tribal Affairs Minister Jual Oram inaugurated the schemes in Sambalpur. “The NDA Government is for poor and common people and not a pro-corporate Government. These schemes are the bright example of the Union Government’s seriousness for the betterment of people of the country,” said Sharma. The PMSBY is an accident insurance scheme, wherein a person can get an insurance cover of Rs2 lakh on payment of a premium of Rs12 annually. People aged between 18 and 70 years can apply for the scheme.
The PMJJMY is a life insurance scheme for people aged between 18 and 50 years. Under the scheme, a person, after paying a premium of Rs330 annually, is entitled to an insurance cover of Rs2 lakh. But the APY is exclusively meant for those working in the unorganised sector and aged between 18 and 40 years and are not covered in any of the pension scheme of the State or Central Government.