Punjab National Bank has been entrusted by the Union Finance Ministry to launch three social security schemes namely ‘Pradhan Mantri Suraksha Bima Yojna’ (PMSBY), ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY) and ‘Atal Pension Yojna’ in Jammu division. Under PMSBY, the bank will offer a renewable one year accidental death cum disability cover of Rs 2 lakh to saving bank account holder in the age group of 18-70 years for a premium of Rs 12 per annum.
Under PMJJBY, the subscriber will get renewable one year life cover of Rs 2 lakh for a premium of Rs 330 per year. Further, the Atal Pension Yojna would offer a monthly pension of Rs 1,000 to Rs 5,000 as per the amount of premium paid, this scheme is available for subscribers in the age group of 18 to 40.
