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Govt to launch two new insurance schemes for poor

Jaitley said that these schemes will be part of a Universal Social Security Scheme

The Finance Minister today said that two new insurance schemes for the lower income groups will be launched. In his budget speech, Arun Jaitley said that Suraksha Bima Yojana an accident insurance scheme of Rs 2 lakh sum assured with premium of merely Rs 12 per year will be launched. Similarly, there will be a Jeevan Jyoti Bima Yojana with a life insurance cover of Rs 2 lakh with an annual premium of Rs 330. This will be for those between the age-group of 18 years to 50 years. Jaitley said that these schemes will be part of a Universal Social Security Scheme. Added to this will be ...