New Delhi: Home Insurance Scheme will provide coverage of Rs 3 lakh on earthquake and flood damage. Apart from this, up to Rs 3 lakh household goods and Rs 3 lakh personal accident cover will be given to two family members. The Modi government is preparing to come up with a scheme to damage houses in natural calamities like earthquakes or floods. After providing security cover to crores of people under Pradhan Mantri Jyoti Vima Yojana (PMJJBY) and Pradhan Mantri Suraksha Vima Yojana (PMSBY), the central government can now launch a home security scheme. This will include building damage as well as luggage and personal accident coverage.
According to sources, the central government will provide insurance coverage of Rs 3 lakh under the Home Insurance Scheme to cover damage to people's homes during natural calamities such as floods and earthquakes.
Along with this, coverage up to Rs 3 lakh will be for household goods and personal accident cover of Rs 3 lakh will be given to two family members taking the policy.
According to sources, the central government's scheme will be under general insurance companies and its premium will be linked to people's bank accounts. General insurance companies will give a quotation of more than Rs 1,000 per policy but the government wants to keep the premium of this policy around Rs 500. The central government is planning to set up the scheme at a higher level with the intention of providing protection to the people against the damage caused by heavy rains and other natural calamities.
PMJJBY, PMSBY has up to 4 lakh coverage:
The Modi government is already running two social security schemes. One of which is Pradhan Mantri Jeevan Jyoti Vima Yojana (PMJJBY). Which was launched in 2015. The scheme provides life cover up to the age of 55 years. In case of death of the insured due to any reason, the nominee gets cover up to Rs. 2 lakhs. The annual premium of this scheme is Rs. 330. The benefit of this scheme can be availed from the age group of 18 to 50 years.
The second scheme is Pradhan Mantri Suraksha Vima Yojana (PMSBY). It was also launched in 2015. In this scheme, if the insured person dies in an accident or becomes completely disabled, he gets accident insurance of Rs. 2 lakh. In case of general disability, cover is Rs. 1 lakh. Indians between the ages of 18 and 70 can avail the benefits of this scheme.
Modi government's big plan, you will get heaps of benefits at a premium of Rs 500, no more worries at home!
No comments:
Post a Comment