Chief Minister Siddaramaiah will launch the three social security schemes that will be flagged off nationally by the Prime Minister in New Delhi on Saturday.
The Pradhan Mantri Suraksha Bima Yojana, or accident insurance, and the Jeevan Jyothi Bima Yojana for life insurance, each offer Rs. 2 lakh cover for an annual premium as low as Rs. 12 and Rs. 330. The Atal Pension Yojana is the third scheme. They will be effective from June 1.
State Bank of India chairperson Arundhati Bhattacharya and State-level Bankers’ Committee convener and SyndicateBank executive director T.K. Srivastava will be among those present.
Canara Bank tie-ups
Canara Bank executive directors P.S. Rawat and Harideesh Kumar B. on Thursday said the bank had entered into an MoU with LIC and United India Insurance Co. to implement the schemes for its savings bank account holders.
