Atal Pension Yojana is being implemented through the APY Service Providers comprising of Public Sector Banks, Private Sector Banks, Regional Rural Banks, Cooperative Banks and Department of Post both in urban and rural areas across the country. Atal Pension Yojana is being implemented through the APY Service Providers comprising of Public Sector Banks, Private Sector […]
Jeevan Jyoti, Jeevan #Suraksha #schemes attract 11 cr subscribers in 3 months
Big response to govt’s low-cost insurance schemes #Yojana #schemes #PMDJY #IRDAI #Insurance The low-premium life and accident insurance schemes introduced by the government recently have elicited huge response, attracting 11 crore subscribers in just three months. This is perhaps the biggest-ever response to any insurance scheme and also provides a clue to the road ahead […]
SBI, PNB lead Jan Suraksha enrolments to 104 mn
#Insurance #Lic #SBI #JanSuraksha #LifeInsrance #JanDhan #BajajAllianz #PunjabNationalBank – Banks including PNB had tied-up with LIC in life and public general insurers for accident cover The Jan Suraksha scheme has witnessed over 100 million enrolments in about two months in its life and accidentinsurance segments.As on July 1, banks enrolled about 104 million account holders […]
22 claims settled in 30 days under PM Narendra Modi’s insurance schemes
#PMJJBY #PMSBY #LIC #VijayaBank #BajajAllianz -> As many as 22 death and accident claims were settled within a month of the launch of the government’s flagship social security insurance schemes, giving relief to near and dear ones of the policyholders. Prime Minister Narendra Modi launched Pradhan Mantri Jeevan Jyoti Bima Yojana (#PMJJBY) and Pradhan Mantri Suraksha […]
Fine print in govt-promoted insurance schemes
Personal accident cover is good but life insurance plan isn’t cheap and pension plan is rigid on withdrawals A few days earlier, three government policies – Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and the Atal Pension Yojana – were launched with much fanfare. These primarily aim at affordableinsurance to the […]
Private firms may step in to cover government’s insurance plan
The private sector, which didn’t quite warm up to the call to open Jan-Dhan Yojana bank accounts to increase access to financial services, is cozying up to the government’s efforts to provide universal insurance. With premiums close to market rates, companies including ICICI Lombard General Insurance, SBI Life Insurance and Star Union Dai-ichi Life Insurance […]
Maharashtra tops in non-life premium, Delhi No 1 in insurance density
New Delhi, with a relative smaller population of 1.68 crore and 315 offices, had mobilised premium of around Rs 5,000 crore and has got the highest insurance penetration of 1.34% and density of Rs 3,228 in 2013-14, it said. Tamil Nadu, the second-largest general insurance market with around 1,200 offices has the largest number of […]