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Today everything is fine. Tomorrow it may not. Life can throw up any kind of unforeseen & unexpected challenges. Protect yourself and your family against all risks with GSC Banks Insurance Plans. As a certified corporate agent of Exide Insurance, IFFCO TOKIO, New India Assurance & Bajaj Insurance, GSC Bank covers all your insurance needs with a wide variety of products.
Today everything is fine. Tomorrow it may not. Life can throw up any kind of unforeseen & unexpected challenges. Protect yourself and your family against all risks with GSC Banks Insurance Plans. As a certified corporate agent of Exide Insurance, IFFCO TOKIO, New India Assurance & Bajaj Insurance, GSC Bank covers all your insurance needs with a wide variety of products.
The Pradhan Mantri Suraksha Bima Yojana policy helps you stay prepared in cases of unforeseen emergencies. The PMSBY scheme helps you especially when you are faced with unexpected death and impairments towards you and your family. The Pradhan Mantri Suraksha Bima Yojana has certain features and benefits that make the average person keen to invest in it. The premium to be paid is as low as Rs. 12 per annum, per member of the family. In case of death, the sum insured is 2 lakhs. Finally, in cases where there is a loss of eye or limb, the sum insured is 1 lakh.
Renewal: The renewal premium would be auto debited by bank prior to 1st June every year or as per the directives from MOF(Ministry of Finance).
| Table of Benefits | Sum Insured |
|---|---|
| Death | Rs. 2 Lakh |
| Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or Foot | Rs. 2 Lakh |
| Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot | Rs. 2 Lakh |
The accident cover for the member shall terminate on any of the following events and no benefit will be payable there under:.
The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to join/enable auto-debit. Aadhar would be the primary KYC for the bank account. The life cover of Rs. 2 lakhs shall be for the one year period stretching from 1st June to 31st May and will be renewable. Risk coverage under this scheme is for Rs. 2 Lakh in case of death of the insured, due to any reason. The premium is Rs. 330 per annum which is to be auto-debited in one installment from the subscriber’s bank account as per the option given by him on or before 31st May of each annual coverage period under the scheme. The scheme is being offered by Life Insurance Corporation and all other life insurers who are willing to offer the product on similar terms with necessary approvals and tie-up with banks for this purpose.
The Government of India has announced a new scheme called Atal Pension Yojana (APY)
APY is a guaranteed pension scheme administered by the Pension Fund Regulatory and Development Authority (PFRDA).
Under this scheme subscribers get guaranteed monthly pension, ranging from Rs. 1,000 to Rs. 5,000 per month.
