Many types of schemes are run for the common people in business news desks and post offices. Out of these, there are 3 schemes which help people in difficult times. Through these schemes, money can be easily arranged for you and your family in difficult times. These are called public safety schemes. The investment you have to make in these schemes is so small that it does not feel like any burden on your pocket. Know about these schemes here.
Prime Minister Jeevan Jyoti Insurance Scheme
This is a term insurance plan that provides financial support to your family in your absence. Under this scheme, in case of death of the insured, his family is given financial assistance of up to Rs 2 lakh. This help can fulfill many needs of the family in difficult times. If a person wants to take advantage of this scheme of the government, then he has to buy this plan by paying only Rs 436 annually. 436/12=36.3 i.e. if a person saves around Rs 36 every month, he can easily pay its annual premium. Any person between 18 to 50 years can buy this insurance plan.
Pradhan Mantri Suraksha Bima Yojana
Pradhan Mantri Suraksha Bima Yojana can especially benefit those people who are financially weak and cannot pay the premiums of private insurance companies. Suraksha Bima Yojana, started in the year 2015, provides insurance cover of up to Rs 2 lakh in case of an accident. For this scheme, the annual premium has to be paid only Rs 20. This is such an amount which even people from the poor class can easily pay. If the insured person dies during an accident, the insurance amount is given to his nominee. Whereas if the policy holder becomes disabled then he gets a help of Rs 1 lakh under the rules. The benefit of this scheme can be availed between the age of 18 years to 70 years. If the age of the beneficiary is 70 years or more then the Pradhan Mantri Suraksha Bima Yojana will be terminated.
Atal Pension Yojana
If you also want to arrange regular income for your old age, then you can invest in the government’s Atal Pension Yojana (APY). Through this scheme of the Government of India, a monthly pension of up to Rs 5,000 can be obtained. However, how much pension you will get depends on your investment. Any Indian citizen who is not a taxpayer and whose age is between 18 years to 40 years, can contribute to this scheme of the government.
