Pradhan Mantri Jan Suraksha Yojana

Government-backed Insurance Schemes

Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY) is offered in association with LIC and Pradhan Mantri Suraksha Bima Yojana (PMSBY) by The New India Assurance Co. Ltd. Both these schemes have a coverage period from 1st June to 31st May for Death Cover of INR 2,00,000 each, on an annual renewal basis.

• PMJJBY Insurance Scheme offers Insurance Cover for death due to any reason, and is available to individuals from the age group of 18 to 50 years
• PMSBY is a government-backed Accident Insurance Scheme offering Accidental Death Insurance Cover of INR 2,00,000 and disability due to accident Insurance Cover of INR 1,00,000. This scheme is available to individuals from the age group of 18 to 70 years

SVC Bank, currently, offers these Insurance schemes to all its active Savings Account holders.

“SVC Co-operative Bank Ltd. has tied up with Life, General & Health insurance companies as a Banca Partner/Corporate Agent (IRDAI Corporate Agency Regn No. CA0260)”