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Sunday, January 23, 2022

Important meeting of Finance Minister Nirmala Sitharaman on Saturday regarding PMSBY scheme, what is going to change?

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Till May 5, 23.37 crores have been enrolled under Pradhan Mantri Suraksha Bima Yojana and 10.33 crore under Pradhan Mantri Jeevan Jyoti Bima Yojana.

Simplification of the process of documentation will be considered.

Finance Minister Nirmala Sitharaman will hold a meeting with the heads of public and private sector insurance companies on Saturday. In this meeting, the process of settlement of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) will be discussed further. It is believed that in this meeting, it will be considered to simplify the process of documentation under this scheme. Also, the insurance companies will transfer the sum insured to the nominee with immediate effect within a specified period.

In a tweet issued by the Finance Ministry, it has been said that till May 5, 23.37 crores have been enrolled under Pradhan Mantri Suraksha Bima Yojana and 10.33 crores under Pradhan Mantri Jeevan Jyoti Bima Yojana. Both these schemes were started in 2015. Since coming to power, the Modi government has taken many important decisions keeping in mind the social security. Keeping in mind the direct benefit transfer, 42 crore bank accounts were opened across the country under the Pradhan Mantri Jan Dhan Yojana. This made it easier for the government to benefit from any scheme and the problem of middlemen was removed.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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