Health Insurance - Pradhan Mantri Jan Dhan Yojana
Pradhan Mantri Jan Dhan Yojana
This is a financial inclusion campaign for Indian citizens in Banking Savings & Deposit Accounts, Remittance, Credit, Insurance and Pension in an affordable manner was launched by the Prime Minister of India, Narendra Modi on 28 August 2014 as announced on his first Independence Day speech on 15 August 2014. This scheme has set a world record in bank account opening during any one week. The scheme is aimed at including maximum number of people in the banking mainstream.
An account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet. PMJDY accounts are being opened with Zero balance. However, if the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria.
Special Benefits under PMJDY Scheme:
- Interest on deposit.
- Accidental insurance cover of Rs.1.00 lakh
- No minimum balance required.
- Life insurance cover of Rs.30,000/-
- Easy Transfer of money across India
- Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
- After satisfactory operation of the account for 6 months, an overdraft facility will be permitted
- Access to Pension, insurance products.
- Accidental Insurance Cover
- Overdraft facility upto Rs.5000/- is available in only one account per household, preferably lady of the household.