Minister launches new government insurance schemes in Coimbatore

COIMBATORE: The Union minster of state for power, coal and new and renewable energy, Piyush Goyal on Saturday inaugurated three insurance schemes at the Corporation Kalaiarangam at 6pm. While Prime Minister Narendra Modi was inaugurating the schemes in Kolkata, the schemes were being simultaneously launched at 115 locations across the country on Saturday evening.
The schemes- Pradhan Mantri Suraksha Bima Yojana, Prdahan Mantri Jeevan Jyothi Yojana and Atal Pension Yojana were launched on Saturday."The schemes have been launched after the success of Pradhan Mantri Jan Dhan Yojana that saw 15crore accounts being opened by the poor and needy.
The next step is to provide social security," said Narendra Modi at the function in Kolkata which was aired at the inauguration programme of the schemes in Coimbatore.
Modi said that the schemes were being launched on Rabindranath Tagore's birth anniversary, and this was the reason why they chose Kolkata as the location for the launch.
Piyush Goyal, who formally inaugurated the schemes in Coimbatore explained them to the public. He said, "These schemes will provide social security to the poor and needy. While we have opened bank accounts for them, they are also entitled to a secure life."
The PM Surasksha Bima Yojana secures the family of a person in case of accidental death or permanent disability due to the accident. The scheme insures the person with 2lakh against 1 per month. In PM Jeevan Jyothi Yojana, the person is insured for 2lakh, and the family is secured after the death of the policy holder. "The death can be due to any reason, and the policy will secure the family," said Goyal.
The third scheme, Atal Pension Yojana, was the most important according to Piyush Goyal as it was meant for securing the lives of senior citizens. He said, "A person from the age of 18 can deposit 42 or 210 per month.
After the age of 60, he/she will get 1,000 or 5,000 per month as pension depending on the amount he/she deposited." In case of the policy holder's death, the family would get 1.7lakh (for 42 per month premium) or 5lakh (for 210 per month premium), Goyal said.