The term protection market in the life insurance industry is set to heat up with insurers readying to launch Saral — a standard term policy that has been designed by the regulator, where insurers are expected to compete on price.
The CM is helming the Uttar Pradesh Labour (Employment Exchange and Job) Commission, which was formed in June with an objective to find gainful employment and provide social security to the migrants after the lockdown revealed their plight.
Some of the major financial security initiatives of PM Narendra Modi are Jan Dhan Yojana, Atal Pension Yojana, PM Suraksha Bima Yojana and PM Jeevan Jyoti Bima Yojana.
The unveiling of the mega pension scheme for workers in the informal sector marks a key milestone in the Modi government’s plan to widen the social security net.
An officer has been designated for every 75 villages and each has been tasked to undertake at least three visits to the village spanning fourseven days, till August 15.
Though DBT started in 2013 under UPA on pilot basis, it took off in a major way only under Modi govt after the LPG subsidy scheme was commenced through the mechanism.
In comparison, 5.7 crore people have passports, 17 crore people PAN cards, 60 crore voter ID cards, 15 crore ration cards and 17.3 crore driving licences.