A Small Step Towards Social Security


What do people want? This innocuous question isn’t as hard to answer as the million-dollar question about what women want. Simply put, people want social and financial security. Sadly, in India, only 3-4 of every 100 people have it, by way of life insurance. Going forward, that should change.

The Pradhan Mantri Suraksha Bima Yojana (life insurance) and Jeevan Jyoti Bima Yojana (accidental death cover) for all bank account holders aged between 18 and 70 is expected to benefit not only the poor, but also insurance companies, banking sector, infrastructure sector and even Central and state governments. In other words, the schemes are a win-win deal for one and all...............Read more

 

Source: The New Indian Express


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