Since independence, many governments have come and gone. All governments without exception promised redemption of the poor. But on the ground not much has changed for the poor because plethora of schemes launched in the name of poor never reached them adequately. Lack of awareness, presence of middlemen, corruption- any one of these can be blamed for the failures of the government. Schemes were announced, given a little push and forgotten all about it, because government and bureaucracy didn’t care enough.
The 2014 Lok Sabha elections changed that.
On 9th May 2015, three schemes were launched: Pradhan Mantri Jeevan Jyoti Bima Yojna, Pradhan Mantri Suraksha Bima Yojna and Atal Pension Yojna.
These schemes had been announced by PM Narendra Modi for the common man. And I am here to report, that these schemes have done what our PM wanted to achieve. Provide security to those who were devoid of it.
In this article I will talk about the Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY).
I am a SWO (Single Window Operator) in a PSU bank. I work in cash, open accounts, and do everything. When these schemes were announced, I was posted at Dharmaj in Gujarat, a village famous for tobacco farming and NRIs. * FUN FACT: Even Crorepati businessmen possessing insurance worth millions wanted to avail the scheme for the poor.
Anyway, the village is mostly inhabitated by farmers both rich and poor. The scheme was a god send to them. PMJJBY is a scheme which provides insurance for any one between the ages of 18 to 50 years. At a premium of Rs. 330/- per annum, an insurer receives risk coverage of Rs. 2 lakhs for any type of death. An amount of Rs. 2 lakhs would be provided to the nominee named by the insurer through forms filled at his bank where he holds an account. The Government will make its contribution to this scheme from the unclaimed money that has been lying idle in various public welfare funds.
Providing the gift of insurance at Rs. 330 per year covering all incidents of tragedy that befalls the insurer has been a relief to those who used to worry about what would happen to their loved ones after they are gone. Labourers, daily wages workers, low income job holders, baggers all have availed of this scheme. (Uptil 28-12-2016, Cumulative gross enrollments under the scheme stands at 3.08 crore, total claims registered are 51,745 and claims disbursed are 48,023).
And I have seen it work.
I have seen how a man who worked in a pharmaceutical company at measly salary of Rs. 5,200 per month, and had taken out insurance under PMJJBY, lost his life in a road accident and was survived by a wife and a son in Class XI. His wife had come to our branch with her teenage son to claim the Rs. 2 lakhs, who received the money in a couple of months. I have seen the relief in her eyes as I told her that the sum was transferred to her account. And when I printed out her passbook, pointed to the son where the credit amount was and what the final balance was,
I was thankful to those who made it possible for that simple home maker to have financial security even after the death of her sole bread winner. Those Rs. 2 lakhs were worth millions to her.
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