Central government insurance and pension schemes, and the rural and social obligations insurers carry. This topic has 8 entries.
Government and social insurance schemesPMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)PMJJBY is the Government of India's one-year renewable group term life scheme that pays ₹2 lakh on death from any cause, for bank and post office account holders aged 18 to 50, at ₹436 a year.Government and social insurance schemesPMSBY (Pradhan Mantri Suraksha Bima Yojana)PMSBY is the Government of India's one-year renewable accident insurance scheme that pays up to ₹2 lakh for accidental death or disability, for account holders aged 18 to 70, at ₹20 a year.Government and social insurance schemesPMFBY (Pradhan Mantri Fasal Bima Yojana)PMFBY is India's flagship crop insurance scheme, launched in Kharif 2016, covering farmers' yield losses from natural risks for a farmer premium capped at 1.5 to 5 per cent.Government and social insurance schemesAyushman Bharat PM-JAYAyushman Bharat PM-JAY is the Government of India's health assurance scheme giving eligible families cashless hospital cover of up to ₹5 lakh a year, extended in 2024 to everyone aged 70+.Government and social insurance schemesAtal Pension YojanaAtal Pension Yojana (APY) is a government-backed contributory pension scheme that guarantees a monthly pension of ₹1,000 to ₹5,000 from age 60 to subscribers who join between 18 and 40.Government and social insurance schemesBima VistaarBima Vistaar is an IRDAI-backed bundled insurance product for rural and low-income households that combines life, personal accident, hospital cash and property cover in one simple, low-premium policy.Government and social insurance schemesMicroinsuranceMicroinsurance is low-premium, low-cover insurance for low-income households, defined in India by the IRDAI (Insurance Products) Regulations, 2024 to include government schemes.Government and social insurance schemesRural and social sector obligationsRural and social sector obligations are IRDAI's mandatory targets requiring every insurer to cover a minimum share of lives and assets in allocated gram panchayats and vulnerable groups.