PNB to start social security schemes in Jammu

Punjab National Bank (PNB) has been entrusted by the Union Finance Ministry with the task of launching three social security schemes in Jammu.
"The Punjab National Bank has been entrusted by the Union Finance Ministry to launch three social security schemes of Pradhan Mantri Suraksha Bima Yojna (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojna in Jammu division," PNB Deputy General Manager B M Fazili told reporters here today.
He said the three schemes would be inaugurated by Prime Minister Narendra Modi from Calcutta on May 9.
"PMSBY will offer a renewable one year accidental death cum disability cover of Rs 2 lakh to saving bank account holder in the age group of 18-70 years for a premium of Rs 12 per annum," he said.

He added that under PMJJBY, the subscriber will get renewable one year life cover of Rs 2 lakh for a premium of Rs 330 per year.
"The Atal Pension Yojna would offer a monthly pension of Rs 1,000 to Rs 5,000 as per the amount of premium paid, this scheme is available for subscribers in the age group of 18 to 40," he said.