Important Points for IC 83 - Group Insurance and Retirement Benefit Schemes Exam
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Pradhan Mantri Suraksha Bima Yojana (PMSBY), is a government social security scheme, an accidental Death and Disability insurance scheme.
PMSBY scheme offers a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY) offers a one year cover, renewable from year to year. It is an insurance scheme that offers life insurance cover for death due to any reason.
PMJJY scheme is offered/administered through LIC and other life insurance companies willing to offer the product on similar terms with necessary approvals and tie ups with Banks for this purpose.
Atal Pension Yojana is a social security scheme launched by the Government of India in the Insurance and Pension sectors for all Indians, specially for the poor and the under-privileged.