Cheque Distribution under the Pradhan Mantri Suraksha Bima Yojana Scheme

Aiguru, Oct. 12: A financial literacy campaign was organized for workers at the Tata Coffee estate in Jamburu village, Madapura. The event was conducted through a collaboration involving the Madapura Lead Bank, Canara Bank (Madapura), NABARD, and the AWARD organization.

A cheque for ₹2 lakh was handed over to Azgar Ali under the Pradhan Mantri Suraksha Bima Yojana. His wife, Prabina Khatoon—who worked at the Tata Coffee estate in Jamburu—had tragically passed away after a tree fell on her.

Speaking on the occasion, Lead Bank Manager Gangadhar Nayak explained the schemes: Under the Pradhan Mantri Suraksha Bima Yojana, account holders aged 18 to 70 can pay an annual premium of ₹20 to secure an insurance cover of ₹2 lakh for their families in the event of accidental death or disability. Similarly, under the Pradhan Mantri Jeevan Jyoti Bima Yojana, individuals aged 18 to 50 can pay an annual premium of ₹436 to ensure their families receive ₹2 lakh in the event of death due to any cause. He also provided details regarding the Atal Pension Yojana. Rakesh Karumbayya (Senior Manager, Tata Coffee), Arun Kumar (Regional Divisional Manager, Canara Bank), Santhosh Kumar (Manager, Canara Bank), Bharani (Marketing Manager), Varshini (Welfare Officer), Shyamala and Harish C.G. (Financial Consultants), and staff members were present at the event.

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