Opt for Centre’s life insurance scheme to support family amid COVID-19 worries: experts
The Hindu
The PMJJBY scheme is available to people in the age group of 18 to 50 years, with a risk coverage of ₹2 lakh in case of the death of the insured person
The second wave of the coronavirus pandemic across India has left people gasping for breath and running around to save their near and dear ones with no clear-cut relief in sight. Amid the increase in the number of deaths, experts have advised people to go in for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a one-year life insurance scheme renewable each year. The PMJJBY scheme is available to people in the age group of 18 to 50 years who have a bank account and who give their consent to join/enable the auto debit facility. The Aadhar would be the primary KYC for the bank account. The annual premium is ₹330 per annum, which is to be auto-debited in one instalment from the subscriber’s bank account as per the option given by him/her on or before May 31, of each annual coverage period under the scheme. Risk coverage under this scheme is for ₹2 lakh in case of death of the insured, due to any reason and benefit will accrue to the nominee, according to the information on the Centre’s Department of Financial Services website.The fear of being caught for traffic rule violation has indeed compelled many two-wheeler riders to wear helmets. But one cursory look at riders at any traffic junction in Bengaluru shows that more than half the riders have on their heads non-standard helmets, designed solely to evade the eye of law, with little concern for the safety of their own heads.
When Britain handed Hong Kong back to China in 1997, Beijing promised to retain the city’s Western-style civil liberties for 50 years. However, since the introduction of the 2020 law, Hong Kong authorities have severely limited free speech and assembly under the rubric of maintaining national security.