Social Security Schemes

The Ministry of Finance, Government of India, in its Union Budget FY 2015-16, launched three social security schemes.

• Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for Life Insurance Cover   Apply Now
• Pradhan Mantri Suraksha Bima Yojana (PMSBY) for Personal Accidental Cover   Apply Now
• Atal Pension Yojana (APY) for Old Age Pension   Apply Now

The schemes were launched as social security measures to help citizens prepare for unforeseen circumstances and old age.  Therefore, these schemes have been introduced at very low premiums. The Government offers these schemes only to bank account holders and the premiums are to be collected from the customer through an auto debit to the bank account. They are available to all citizens who meet the eligibility criteria.

All banks are required to offer these schemes to their customers by entering into tie-ups with insurance providers (Life & General).

We at IndusInd Bank have tied-up with

• Life Insurance Corporation of India (LIC) for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
• Cholamandalam MS General Insurance for Pradhan Mantri Suraksha Bima Yojana (PMSBY)
• Pension Fund Regulatory and Development Authority (PFRDA) for Atal Pension Yojana (APY)