Today life is very fast-moving, and accidents can happen anywhere, and in these accidents, many lives are lost, or people are brutally injured. Sometimes the sole bread earners of many families are lost due to such accidents. These situations can be avoided by precautions, but human life is very uncertain, and some cases cannot be avoided. If the sole bread earner of the family gets injured because of an accident, then a substantial financial burden is created. Insurance policies support many families in such situations. In such times, the family members go through a significant financial burden. Insurance works as compensation for the family who has lost their family member due to any condition at an early age.
Pradhan Mantri Suraksha Bima Yojana
Insurance acts support in such conditions, but there are many poor people who cannot afford insurance. For these people, the government had introduced Pradhan Mantri Suraksha Bima Yojana in 2015. Late Arun Jaitley launched the Pradhan Mantri Suraksha Bima Yojana when he was the finance minister in February 2015. He announced it in the budget speech and formally launched it on May 8. Pradhan Mantri Suraksha Bima Yojana is for the people of age 18 to 70. In case of death or full disability, the nominee gets 2 lakh rupees and in case of partial disability, the person gets 1 lakh rupees. Pradhan Mantri Suraksha Bima Yojana does not cover death due to suicide, alcohol, drug abuse.
The government links the Pradhan Mantri Suraksha Bima Yojana to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana. This scheme has faced a lot of criticism as the general insurers have faced losses because of the low premium. As per the reports of March 31, 2019, 15 crore people have enrolled in this scheme. 32000 claims have distributed amounting to approximately 6 billion rupees.
Why Did The Government Initiate It?
Haryana government announced in April 2017 that Pradhan Mantri Suraksha Bima Yojana would cover all residents of age group 8-70. Many people are not aware of such schemes, but the government is trying their best to improve awareness. Pradhan Mantri Suraksha Bima Yojana has a lesser compensation amount as compared to the other insurance covers. Still, it works as a part of the government budget, so all the factors come under consideration.
The government is trying to bring new changes to Pradhan Mantri Suraksha Bima Yojana by making the majority of the procedure except for the insurance claims online so that it becomes more accessible for people and this would also support digital India. As many workers work in hazardous environments and they cannot afford the premiums of other insurance companies so the government’s initiative Pradhan Mantri Suraksha Bima Yojana helps them, in case they suffer injuries they can get insurance covers.
Aim Of The Scheme
Many workers face accidents and some face death while others suffer injuries, and they cannot afford the treatment. The financial burden comes to their family at such times schemes like Pradhan Mantri Suraksha Bima Yojana help these people by providing financial help. These schemes are crucial for people who are the sole earners of the family so that they can reduce the financial burden on their families in cases of accidents. Losing someone in the family can never be compensated. Still, Pradhan Mantri Suraksha Bima Yojana aims to provide a small financial help to these people to reduce the burden. The financial support offered by Pradhan Mantri Suraksha Bima Yojana is quite low. So, the government is planning to increase the amount slowly.
Pradhan Mantri Suraksha Bima Yojana is for everyone, but the government is prioritising the lower and middle class for being a part of this scheme. The main focus is on the lower level as they cannot afford the insurance from private companies and they also have higher risks of injuries, illnesses and even death in some cases, so they need such schemes like Pradhan Mantri Suraksha Bima Yojana which support them in situations of crisis.
Benefits Of The Scheme
As per many people, this claim is very less as in 1 lakh rupees even proper treatment, and medication is barely possible. Still, the government says that these are the initial sets to promote this scheme. Soon the government will add many more relevant changes to Pradhan Mantri Suraksha Bima Yojana. Many people believe that these schemes are full of scams and corruption. But, the government has proved that Pradhan Mantri Suraksha Bima Yojana works towards the welfare of the common man.
In today’s world accidents are very common, and we lose many lives daily due to accidents. Some people can afford the treatments, and some opt for insurances as support. On the other hand some people can neither provide the treatments at public hospitals nor afford insurance. These people look at the government for help in such cases, and the government’s schemes like Pradhan Mantri Suraksha Bima Yojana are for their welfare. Such programmes help people to afford necessary treatments. These people get claims and benefits for treatments to reduce their financial burdens. One thing that everyone must know about Pradhan Mantri Suraksha Bima Yojana is that this scheme is available for everyone. Also, the government introduces necessary changes from time to time. Enrolment in this scheme is simple; you may do this process online banking or at the various bank branches.
Schemes like Pradhan Mantri Suraksha Bima Yojana are essential for the benefit of common people. This scheme needs many transformations and betterment. But still, these schemes must go through proper promotion so that the government can bring the necessary changes. These facilities provided by the government are very important for public welfare. Pradhan Mantri Suraksha Bima Yojana has shown very good results. This has been a great support for many poor people. Schemes like Pradhan Mantri Suraksha Bima Yojana are the backbone of public welfare, and they must reach the people.