It is a one-year life insurance schemerenewable from year to yearofferingcoverage for death due to any reason.
Persons in the age group of 18-50 years are entitled to enrol under the scheme.
Pradhan Mantri Suraksha Bima Yojana (PMSBY) :
It is a one-year accidental insurance scheme renewable from year to year and offers coverage for death or disability due to accident.
Persons in the age group of 18 – 70 years are entitled to enrol under the scheme.
Atal Pension Yojana (APY) :
It is to provide financial security and cover future exigencies for the people in the unorganised sector.
It is administered by Pension Fund Regulatory and Development Authority (PFRDA) under the National Pension Scheme (NPS).
It is open to all bank accountholders in the age group 18-40 years who are not income tax payers and the contributions differ based on the pension scheme chosen.
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