Navigating the maze of personal finance
Who can enroll?Any Indian citizen above age of 60 years can enroll for this scheme.No upper limit for age. What is the policy term?The policy tenure is for 10 years. Where to get it?The scheme can be bought online or offline from LIC, which is the sole operator of the scheme. What are the returns?There … Read more
What is Pradhan Mantri Suraksha Bima Yojna (PMSBY)? Pradhan Mantri Suraksha Bima Yojna is a long awaited social security scheme launched in 2015 to provide accident/ disability insurance to masses at nominal premium. And when I say nominal it is actually nominal – Rs. 12/year for a cover of Rs. 2 lakh. Though one may … Read more
The Pradhan Mantri Jeevan Jyoti Bima Yogana (PMJJY) is a life insurance scheme that is a part of the prime minister’s social security scheme. Though I have paid the premiums twice now, I was not sure of the fine print and where I could download the insurance certificate for the Pradhan Mantri Jeevan Jyoti Bima … Read more