04 attractive way you can insure your family future in less than a Pizza’s price….

insure your family
Presently most of us are working far from home. In this modern life too where we got advancement in the field of medical and other technology which can enhance our lifestyle. There is also a rising in the Loss ratio. So, you need to do something to insure your family in terms of health as well as wealth.
To help our family we must have to opt for a few policies which can help us after our life or our retirement. Buying a policy and maintaining it continuously for all years can be costly for most Indians.
But a few plans are there in India which is helpful to all of us and can give us some economic support even if we don’t have much amount to invest.
In a series of explaining all those plans, I want your assurance and promise that you will take those. In my list.
The first policy which you can avail is PMSBY which will cost you less than the price of a water bottle.

1. PMSBY: Pradhan Mantri Suraksha Bima Yojana

This was project was initially mentioned in the 2015 Budget Speech by Arun Jaitley and formally launched by Prime minister Narendra Modi. it cost you only Rs. 12 per year for a subscription.

Who can Avail benefits from this policy:

Any person between the age group of 18 yr. to 70 yr and is a resident of India can get the benefit of this policy.

How can you get yourself enrolled in this policy:

We can enroll ourselves in two ways:
i. A formal application or net banking. you have to approach an affiliated bank and fill out forms with all required detail. The required form for enrolling can be downloaded here.
ii. For net banking, log in and look for services provided by your bank.

Documents Required:

i. Application form
ii. Aadhar card xerox

Enrollment Benefit

An amount that depends on a case-to-case basis will be provided to the nominee registered during enrollment.
EventClaim Amount (Rs.)
An accident leading to policyholder’s death2 lakhs (given to nominee)
Permanent total disability2 lakhs
Permanent partial disability1 lakh

2. PMJJBY: Pradhan Mantri Jivan Jyothi Bima Yojana.

This a one-year policy, renewable from year to year basis. This covers the death of a person and the insurance amount will be given to the nominee. The premium for this policy is only Rs. 330/- per year.

Who can avail benefits from this Policy:

People in the age group of 18 years to 50 years can enroll themselves in this policy. you must have a bank account with a console to the bank of auto-debit.

How can you get yourself enrolled in this policy:

This can get via LIC, Private insurance policy companies, and from an affiliated bank by approaching them for this policy.

Documents Required:

i. Application form (Download from here)
ii. Aadhar card xerox
iii. Copy of bank passbook/Cancelled cheque

Enrollment Benefit

Under the PMJJBY scheme, a life cover of Rs. 2 lakhs is available. which can be claimed and settled by your bank within 45 days after document clearance.
 

3. APY:  Atal Pension Yojana

This is a pension policy benefit from GoI. This pension scheme is good for people with low incomes. A monthly pension scheme after the age of 60 years of a person can be availed for a different amount from the range of Rs. 1000/month to 5000/month.
 

Who can avail benefits from this Policy:

Individuals from the Age group of 18 years to 40 years can get benefitted from this scheme after registration and successful payment of all premiums.

How can you get yourself enrolled in this policy:

You can approach the bank where your savings account is held.

Documents Required:

1. Identity Proof.
2. Address proof.
3. Birth certificate/Proof of age.

Enrollment Benefit

After successful enrollment and premium payment for the balance year till your age of 60. you can avail of benefits according to the scheme you had chosen. Please refer to the image below for details.

4. PMJAY/AYUSHMAN BHARAT: Pradhan Mantri Jan Arogya Yojana

This scheme aims for the economically vulnerable citizens of India who need medical facilities. this scheme was announced by PM Narendra Modi on 23rd Sep’18. For this, more than 19,000 hospitals are tied up to facilitate its subscribers.

Who can avail benefits from this:

Families which comes under any of the below-mentioned criteria can utilize the benefit of this Yojana:

Rural Criteria

  • Those living in scheduled caste and scheduled tribe households
  • Families with no male member aged 16 to 59 years
  • Beggars and those surviving on alms
  • Families with no individuals aged between 16 and 59 years
  • Families having at least one physically challenged member and no able-bodied adult member
  • Landless households who make a living by working as casual manual laborers
  • Primitive tribal communities
  • Legally released bonded laborers
  • Families living in one-room makeshift houses with no proper walls or roof
  • Manual scavenger families

Urban Criteria

  • Rag pickers & Beggars
  • Domestic workers
  • Street vendors, cobblers & hawkers
  • Construction workers, plumbers, masons, painters, welders & security guards
  • Coolies
  • Sweepers, gardeners & sanitation workers
  • Artisans, home-based workers, handicrafts workers & tailors
  • Transport workers including drivers, conductors, cart pullers, etc.
  • Shopworkers, peons, helpers, delivery assistants, attendants & waiters
  • Electricians, mechanics, assemblers & repair workers
  • Washer-men & watch-men

How can you get yourself enrolled in this:

Simple steps to be followed for checking eligibility for this government-backed scheme is as follows:
  • Visit https://www.pmjay.gov.in/ and click on ‘Am I Eligible’

  • Enter your mobile number and the CAPTCHA code and click on ‘Generate OTP’

  • Then select your state and search by name/ HHD number/ ration card number/ mobile number

  • Based on the search results you can verify if your family is covered under PMJAY

Alternatively, To know if you are eligible for this scheme or not. You can approach any health care provider or dial the Ayushman Bharat Yojana call center: 14555 or 1800-111-565

 

Documents Required:

You will need the below mentioned document to get the benefit of this.
  • Special Category Certificate
  • Age Proof Documents
  • Scanned Copy of Aadhar
  • Income Certificate
  • Caste Certificate
  • Rashan Card
  • Identification Details
  • Contact Information

Enrollment Benefit:

Key benefits of the Ayushman Bharat scheme is as described:-
  • All out-of-pocket expenses incurred during the hospitalization process would be covered.
  • Irrespective of whether the hospital is public or impaneled private, the insurance provided would be in a completely cashless format.
  • A transport allowance would be paid to the beneficiary, which will cover the cost of travel during the pre and post-hospitalization period.
  • Daycare treatment facilities would be made available within the insurance package.
  • Except for a few ailments cited as an exclusion, any pre-existing conditions of the beneficiary would be treated free of charge.
  • Provisions for follow-up benefits to ascertain if the patients have fully recovered have also been made.
These all the above-mentioned schemes are government-backed and completely secure. You won’t have to worried that you are going to lose your money.
Our vision is not just of economic growth, but also of a growth which would improve the lives of the common man.” ~ Manmohan Singh

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