Government today (9th August, 2015) launched a new drive called Suraksha Bandhan. Under this, you will get the different types of Jeevan Suraksha Gift Cheques (or Jeevan Suraksha Deposit Scheme). This scheme is going to be special on this year’s Raksha Bandhan Festival (Rakhi Festival). You can gift these Jeevan Suraksha Gift Cheques
Before this launch, Government already launched three schemes and they are as below.
Under this scheme, you can buy either Gift Card or Banker’s cheque and gift it to your loved one. The receiver of this gift card must visit her Bank (if already have Bank Account) or open a zero balance account and deposit this gift card.
These gift cards available in three denominations of Rs.201, Rs.351 and Rs.5,001.
#1: Pradhan Mantri Jeevan Suraksha Deposit Scheme Rs.201.
Under this Gift card, you are gifting your loved one to cover their accidental insurance for Rs.2,00,000 under the scheme of Pradhan Mantri Suraksha Bima Yojana (PMSBY). The rest of the amount will be converted to 10 years Bank FD at a rate of 8% per annum. Rs.201 will be used in below manner.
#2: Pradhan Mantri Jeevan Suraksha Deposit Scheme Rs.351.
Under this Gift Card, you are gifting Rs.351 to buy Rs.2,00,000 of Accidental Insurance under Pradhan Mantri Suraksha Bima Yojana and Rs.2,00,000 of Life Insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana. Rs.351 will be utilised in below manner.
#3: Pradhan Mantri Jeevan Suraksha Deposit Scheme Rs.5,001.
Under this Gift Card, you are gifting Rs.5,001 to buy Rs.2,00,000 of Accidental Insurance under Pradhan Mantri Suraksha Bima Yojana and Rs.2,00,000 of Life Insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana. The rest of the amount will be deposited in a bank to facilitate the premium for both the schemes on a yearly base. Rs.5,001 will be utilised in below manner.
Few Conditions–
This is just an information I am having as of now. Let us see more details once it is launched.
EPF Scheme 2026 explained fully: EPF withdrawal, EPS pension, and EDLI insurance changes with examples,…
Chasing financial freedom? Do health, time, relationships and contentment matter just as much? Sadly, we…
Your "safe" SIPs, SGBs, PPF, or Index Funds are secretly sabotaging your wealth. Peltzman Effect…
Thinking your retirement plan is foolproof? Why LUCK - not asset or fund selection or…
Nifty 50 Index Funds Vs Active Large Cap Funds — Can we really compare them…
Should you pick Nifty 500 Multicap 50:25:25, Nifty 500, or Nifty LargeMidcap 250 Index Fund?…
View Comments
Hello
This Pradhan Mantri Jeevan Suraksha Deposit Scheme Rs.5,001, is for life time coverage. Is there any premium we need to deposit every year. Where to buy this plan which bank are selling?
Thanks,
SIR , MY UNCLE BUY THE SURAKSHA DEPOSIT SCHEME, BUT HE NO MORE REASON HE SUFFRING FROM SOME DESIES, I CLAIME THIS MONEY, BECAUSE I AM NOMINES,
Sarat-If he is suffering from daisies, then how can you claim? Suraksha meant for accidental claims.
Anshu-Please read how rs.5,001 gift cheque works from above post. You will get the answer.
Respected sir,
This rs.5001. scheme can be gifted only to sisters or for everyone those who r not insurance in pmjjsby ?
Rajesh-As per my understanding yes, you can gift it to anybody.
Pls explain if there will be some amount dat v wil receive on behalf of dis scheme else than insurance...
I mean any maturity or only 2lacs of life cover is its attraction point..
Sunanda-There are pure risk-taking plans. There is no maturity on such plans. They act exactly like typical term insurance.
Please clarify, does the insurance amount increase if I gift my sister two or three Suraksha Bandhan gift card of 351/-
each.
Virendra-One can have only one PMSBY and PMJJBY. Hence, it is waste for you to think of that idea.
If me or my sister is more than 50 years, are we not eligible for the Suraksha Voucher of Rs 351?
Can I buy this gift card online?
Sudhir-No, you can't buy it online. You will get it from your bank.
sir mere sister ko ye lic policy gift karni hai to sir esake liye mujhe kitane paise har mahina dene padenge aur kitane milenge
Manoj-Don't buy any policies. If you want then better in small, the above plan is best.
Sir
Tell me about surksha bandhan yojna in detail.
I want to gift my sis.
Rajeev-What more can I explain?
Dear sir, I want to gift my small sister jeevan suraksha deposite scheme of Rs 5001 but sbi not submitt my amount and not give me any information
Mukesh-First check whether your sister is eligible for both these schemes. If she is eligible then let the banks must provide you. It is their responsibility.
sir actually I need a suraksha bima for my mom n dad
we r a middle class family n we have no policy for our future plzzz suggest me mom age-54 dad-59
For your Mom , you can go for Jeevan Rakshak Plan
Minimum Basic Sum Assured per life* : Rs. 75,000
Maximum Basic Sum Assured per life* : Rs. 200,000
(The Basic Sum Assured shall be in multiples of Rs. 5000/-)
Minimum Age at entry : 8 years (completed)
Maximum Age at entry : 55 years (nearest birthday)
Minimum Policy Term : 10 years
Maximum Policy Term : 20 years
Maximum Age at Maturity : 70 years (nearest birthday)
Sushil-Jeevan Rakshak? Whose Rakshak is this and in what way it protect? Read my review of this plan in my earlier post at "LIC’s Jeevan Rakshak (Plan No.827)-Whose Rakshak is this?".
Viveka-Both are not eligible as the maximum age limit for both the plans set as 50 years only.