Posts in tag

insurance schemes


Pravasi Bharatiya Bima Yojana, 2017

About The Pravasi Bharatiya Bima Yojana (PBBY) is an important insurance scheme aimed at safeguarding the interests of Indian emigrant workers falling under Emigration Check Required (ECR) category going for overseas employment to ECR countries. The Scheme, inceptionally launched in 2003, has been amended in 2006, 2008 and 2017 with the overarching objective of strengthening …

Universal Health Insurance Scheme (UHIS)

There are 4 public sector general insurance providers who have implemented impanelledUniversal Health Insurance Scheme with the intention to enhance people’s access to health care especially for families at or below the poverty line. This not only includes individuals but groups or families. For starters this scheme comes with a medical expense reimbursement of up to Rs.30,000 …

What is Rashtriya Swasthiya Bima Yojana (RSBY)

Objective of Rashtriya Swasthiya Bima Yojana Recognizing the diversity with regard to public health infrastructure, socio-economic conditions and the administrative network, the health insurance scheme aims to facilitate launching of health insurance projects in all the districts of the States in a phased manner for BPL workers. The workers in the unorganized sector constitute about 93% of …

What is Aam Aadmi Bima Yojana (AABY)

Aam Aadmi Bima Yojana is a Social Security Scheme which had been initiated as well as administered by the Indian Government for mostly the rural landless households. The Ministry of Finance, under the Government of India, made an approval for the merger of Social Security Schemes viz., Aam Aadmi Bima Yojana (AABY) and Janashree Bima …

What is Employment State Insurance Scheme (ESIS)

Employee’s State Insurance Scheme (ESIS) is a multidimensional and an integrated social security system customized to offer ‘protection’ to the employees. This was introduced as per the ‘Employees State Insurance Act, 1948’. According to this Act, the ESIS will provide help in case of sickness, death due to employment, injury, maternity, temporary or permanent disablement …

What is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

For the growth of the poor and low-income section of society,  the government of India has launched a new unique life insurance scheme, named as  ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’. This insurance plan is available for the people with the age group 18- 50 years. PMJJBY is a one-year life insurance scheme, which is renewable from year …

What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Understanding the pain of the poor, the Indian government came up with the PMSBY scheme after the huge success of Pradhan Mantri Jan Dhan Yojana scheme. PMSBY was originally introduced by finance minister Mr Arun Jaitley in the budget speech of February 2015 and was launched by Prime Minister Narendra Modi on 9 May in Kolkata. It is the social …