The Convener, Telangana State-level Bankers’ Committee has informed that the Centre was introducing two new Insurance schemes for the public and the applications for which are available from May 1.
The new schemes are Pradhan Manthri Jeevan Jyothi Bima Yojana and Pradhan Manthri Suraksha Bima Yojana. The first one is a life insurance product with an annual premium of Rs 330. Persons between 18 and 50 years can join the scheme. The second one is an accident insurance scheme with an annual premium of Rs 12. Persons in the age group of 18-70 years can join the scheme. For joining the two new schemes, a person should be holding a Savings Bank account with any bank branch. The risk cover in the two new schemes will start from June 1, 2015.
Public can contact any Bank branch or Bank Mithra for applications and further details. SLBC Convener informed that a Toll free number 1800 425 8933 is made available for the State of Telangana from which details of the new schemes can be had by the public. The Call centre will function on all working days from 9.30 am to 5.30 pm. The details of the scheme are also available in SLBC website www.telanganaslbc.com. (NSS)