COVID-19 deaths under PM's Suraksha Yojana Schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)

News Claim: A message viral on social media, claims of insurance benefit for the COVID-19 deaths under PM's Suraksha Yojana Schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Please Note Very Important Notice :

If someone in a close relative/friends/ any person has *died* due to Covid-19 or *for any other reason*, ask the bank for an account statement or passbook entry from *01-04 to 31-03* of the financial year.

Seeing the entry of Rs. 12/- or Rs. 330/- *, mark it,*.

Go to the bank and Claim for Insurance.

*My Humble Request to All of You is that if such cases happen around you,* immediately inform the family who may have Closed the Account after Death.

Even if the premium has been Deducted in that period.

*In the Year 2015, the Government of I dia provided Two Insurance Schemes with Least Premium to the Savings Account Holders of All the Banks :

*Pradhan Mantri Jeevan Jyoti Bima

Yojana* (PMJJBY) at Rs 330 *and Pradhan Mantri Suraksha Bima Yojana* (PMSBY) at Rs 12*.

2 Lakh Rupees

*Many of Us might have Filled this Form. The premium will also be Debited from their Account on* 31/05. By

*First of all, Spread this Message to All Bank Account Holders.

*Rs. 2,00,000/-* is Not a Small Amount for our People. 

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Truth and Verification:  The message viral on social media claiming, COVID-19 deaths under PM's Suraksha Yojana Schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), the information is not true.

PMJJBY covers COVID-19 deaths only under certain caveats. The scheme is only applicable to people between the ages of 18-55 who have voluntarily signed up for the scheme that was launched in 2015. 

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

The government through the Budget Speech announced three ambitious Social Security Schemes pertaining to the Insurance and Pension Sectors, namely Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) to move towards creating a universal social security system, targeted especially for the poor and the underprivileged. Prime Minister launched PMJJBY and PMSBY schemes nationally in Kolkata on 9th May 2015.

The Pradhan MantriJeevanJyotiBimaYojana (PMJJBY) is a one-year life insurance scheme, renewable from year to year, offering coverage for death due to any reason and is available to people in the age group of 18 to 50 years( life cover up to age 55) having a savings bank account who give their consent to join and enable auto-debit. The risk cover on the lives of the enrolled persons has commenced from 1st June 2015. 3. Under the PMJJBY scheme, life cover of Rs. 2 lakhs is available for a one year period stretching from 1st June to 31st May at a premium of Rs.330/- per annum per member and is renewable every year. It is offered/administered through LIC and other Indian private Life Insurance companies. For enrolment, banks have tied up with insurance companies. Participating Bank is the Master policyholder.

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY) move towards creating a universal social security system, targeted especially for the poor and the underprivileged. Hon’ble Prime Minister will be launched these schemes nationally in Kolkata on 9th May 2015.

In light of the fact that a large proportion of the population has no accidental insurance cover, the Pradhan Mantri Suraksha Bima Yojana (PMJJBY) is aimed at covering the uncovered population at a highly affordable premium of just Rs.12 per year. The Scheme will be available to people in the age group 18 to 70 years with a savings bank account who give their consent to join and enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis. Under the said scheme, risk coverage available will be Rs. 2 lakh for accidental death and permanent total disability and Rs. 1 lakh for permanent partial disability, for a one year period stretching from 1st June to 31st May. It is offered by Public Sector General Insurance Companies or any other General Insurance Company who are willing to offer the product on similar terms with necessary approvals and tie-up with banks for this purpose. Participating Bank will be the Master policyholder on behalf of the participating subscribers. It will be the responsibility of the participating bank to recover the appropriate annual premium in one installment, as per the option, from the account holders on or before the due date through the ‘auto-debit’ process and transfer the amount due to the insurance company.

Verdict: False