CUK Implements PMSBY Insurance Scheme for Students
Central University of Kashmir extends accidental insurance coverage to its students under a government scheme.
Source: GNews PM SchemeThe Central University of Kashmir (CUK) has launched the Pradhan Mantri Suraksha Bima Yojana (PMSBY) for its students. This initiative provides accidental death and disability insurance coverage at a very low premium. The scheme aims to offer financial security to students and their families in case of unforeseen accidents. This move by CUK aligns with the government's broader goal of increasing insurance penetration and social security across various segments of the population, including students.
- The Central University of Kashmir (CUK) has rolled out the Pradhan Mantri Suraksha Bima Yojana (PMSBY) for its students.
- PMSBY is an accidental insurance scheme offering coverage for accidental death and total permanent disability.
- The annual premium for PMSBY is Rs. 20 per annum per member.
- The scheme provides a sum assured of Rs. 2 lakh for accidental death and total permanent disability.
- Partial permanent disability is covered for Rs. 1 lakh under the PMSBY scheme.
A government-backed accidental insurance scheme in India. It provides affordable insurance coverage for accidental death and disability to eligible citizens. Launched in 2015, it aims to enhance social security and financial inclusion.
Established in 2009 under the Central Universities Act, 2009. It is a central university located in Ganderbal, Jammu and Kashmir, India. Its purpose is to provide higher education and research opportunities.
Government initiatives designed to provide financial assistance and protection to citizens against various life risks such as old age, illness, disability, and unemployment. Examples include insurance, pensions, and healthcare programs.
Questions on government social security schemes like PMSBY often focus on their objectives, target beneficiaries, premium amounts, and benefits offered. Understanding the 'Jan Dhan Se Jan Suraksha' initiative is also important.
PMSBY: 'P' for Protection, 'M' for Modi, 'S' for Suraksha (Safety), 'B' for Bima (Insurance), 'Y' for Yojana (Scheme). Remember it's for 'Safety' from 'Accidents'.