#pmjjby policy

[ageasfederal]

PMJJBY Plan and Policy | Ageas Federal Life Insurance

Purchase the Pradhan Mantri Jeevan Jyoti Bima Yojana through Ageas Federal Life Insurance. This policy offers affordable protection and a simple enrollment process. Contact us for further information.

[financeloan09]

PMJJBY policy

A yearly premium of Rs. 330 can be used to acquire the Pradhan Mantri Jeevan Jyoti Bima Yojana policy offered by SBI Life Insurance Company. When acquiring this group term insurance plan, the policyholder's age must be between 18 and 50, but not both. The plan's maximum annual sum assured is Rs. 2,000,000. The chosen nominee will receive the death benefits provided by the insurance in the event that the policyholder passes away during the policy's term.

The enrollment process for the policy begins on June 1 and runs until May 31, 2016. If you enlist after this time, you must also submit a self-certification of good health and pay the entire annual cost.

PMJJBY is an insurance program that provides life insurance coverage for fatalities of any cause. It is a one-year cover that is renewed annually.

PMJJBY policy offers life insurance protection against fatalities from any source. It is a yearly cover with a one-year term.

The policyholder is required to pay a yearly premium of Rs. 330. A single instalment of the premium will be automatically taken out of the policyholder's savings account using the auto debit option. To avoid a fine, premium payments must be sent before or on the 31st of each month.

The nominee will be qualified for a death benefit equivalent to the sum assured in the tragic and premature death of the life assured member while the policy is still in effect. Even if the member is protected by numerous insurers or bank accounts, the death benefit for this plan cannot exceed Rs. 2 lakhs. In these situations, only the initial application will be considered for claims, and the subsequent covers' premiums would be lost.

When the insurance coverage starts, the premium amount will be deducted from the covered member's account. The 31st of May is the deadline for members to sign up for the program and receive insurance coverage for a full year. Every year on June 1st, the cover can be renewed, and the new premium will be deducted from the member's bank account. Depending on the modifications outlined by the Government of India, the premium may fluctuate from time to time. Members who choose to join the plan after June 1 may do so, but they will be required to pay the full year's premium.

[hajari]

PMJJBY इंश्योरेंस पॉलिसी को कैसे बंद करवाए ?

[loanandmore]

The procedure to claim insurance benefits under Pradhan Mantri Jeevan Jyoti Bima Yojana

Every democratic country has a government that thinks about the welfare of its people. It introduces all sorts of welfare schemes that encourage the citizens of the country to keep progressing. Some of the most critical sectors that the Government focuses upon are food, employment, education, technology, amongst others. There is progress only when there are coordination, motivation and vision.

The Indian Government had introduced Social Security Schemes, one of which is the Pradhan Mantri Jeevan Jyoti Bima Yojana. An estimate of around 10 crore people has subscribed to these schemes since their introduction as a policy. This policy is a life insurance coverage plan that offers accidental and natural death covers. The maximum sum assured under this government scheme is INR 2 lakh with a premium of INR 330 per year. Those individuals between the age of 18 and 50 years are eligible to benefit from this plan.

The claim settlement procedure

Under the PMJJBY policy, the death claim of INR 2 lakh gets settled by the insurance company after the following procedure:

The nominee has to approach the bank where the policyholder has a savings account along with the death certificate. The bank account requires registration with the scheme.

The nominee has to collect the claim form and discharge receipt from the bank or the insurance company/agency.

Submit the same along with a photocopy of the nominee’s cancelled cheque or bank account details.

Upon receiving the intimation of death of the insured, the bank will check the validity of the PMJJBY cover until the date of demise. If it is active, the bank will proceed with the verification of the Claim Form and nominee details from the records stored with them. They submit all the documents – the completed claim form, death certificate, discharge receipt, and cancelled cheque – to the office of the insurance company within thirty days.

The insurance company verifies if the claim form is complete and all the relevant documents are attached. If the claim is possible, the designated office of the insurer shall check the member’s coverage and no death claim settlement. In case the claim is settled, then the nominee shall be intimated accordingly with a copy marked to the bank.

In case there is no settlement, the payment gets credited to the nominee’s bank account along with a communication with a copy marked to the bank.

The maximum time limit for the insurance company for approval and disbursal is thirty days from the receipt of the claim from the bank. The PMJJBY helps all needy families earn a living through their services.

[mariamajesticblogs]

Life insurance industry received 2.18 lakh COVID claims so far worth Rs 16,921 cr, data shows

Insurers say the death claims rose drastically in 2021 amid deaths during the second COVID-19 wave.

Life insurance companies have so far received 2,18,084 COVID claims amounting to Rs 16921.70 crores, according to data provided to Business Today by Life Insurance Council, an umbrella body of life insurers. Insurers say the death claims rose drastically in 2021 amid deaths during the second COVID-19 wave.

“During the 2nd wave, all insurance companies observed multifold increase in the death claims under Covid and Non-Covid categories. All claims in which death was confirmed due to Covid 19 basis the medical documents and / or hospital records, were considered as COVID claims. A positive RTPCR & RAT test and subsequent death is also considered as Covid death," says Rushabh Gandhi, Deputy Chief Executive Officer at IndiaFirst Life.  

Gandhi adds, “IndiaFirst Life also observed a rise in death claims during the same time. In FY22 we have settled 4785 individual life death claims of which 845 death claims are directly attributed to COVID. IndiaFirst Life Insurance has paid 159.51 crore of COVID claims since the start of the pandemic.” The figures include the individual, group as well as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) figures.   

Further, the Indian government in 2020 launched a life insurance scheme for covid warriors offering insurance cover of Rs 50 lakh per health worker fighting COVID-19 under Pradhan Mantri Garib Kalyan Package (PMGKP).  The Indian Medical Association (IMA) has been alleging that the families of less than half the medical practitioners who lost their lives while they were involved in providing care for COVID-19 patients have been able to avail of the benefits of the government’s scheme.  

According to data shared by Ministry of Health and Family Welfare, there have been total 5,24,190 COVID deaths in the country. The numbers suggest that 41 per cent of the people who died had a life insurance policy. However, according to data shared by the Insurance Regulatory and Development Authority (IRDA), the penetration of the life insurance sector was 3.20 per cent in 2020-21 compared to 2.82 per cent in 2019-20.  

The actual tally of COVID-19 deaths has been a matter of debate for last one year, with several research studies showing a much higher number than what the government has issued.   

The Indian government last week refuted a World Health Organisation’s (WHO) report that indicated an underestimation of COVID-19 deaths in the country. The WHO release last week claimed that there were an estimated 4.7 million deaths in India in 2020 and 2021, directly or indirectly attributable to COVID-19. The apex global public health agency said that these numbers are the highest so far for any country and constitute around a third of the 15 million Covid-19 related deaths at the global scale.    

While, as of December 2021, India officially recorded around 4.8 lakh deaths related to covid-19. As of May, India has officially counted over COVID-19 deaths as 5.2 lakh. The WHO’s figure is around 10 times the government tally.  

India has however been consistently objecting to the methodology adopted by WHO to project excess mortality estimates based on mathematical models.  Public health experts have said that it is very difficult to get the actual number of Covid-19 deaths in India amidst the pandemic.  

“It is very unlikely we will have a definitive number ever because data collection in the middle of the pandemic is not going to be complete. Every independent assessment of mortality shows that the numbers are several folds higher than the official figures,” said Gagandeep Kang, noted Microbiologist and virologist who is the Professor in the Department of Gastrointestinal Sciences at the Christian Medical College, Vellore.   

According to a study published in the latest issue of the PLOS ONE journal—the absence of reliable registration of Covid-19 deaths in India has prevented proper assessment and monitoring of the coronavirus pandemic.     

The findings of the PLOS ONE study point to a death toll of approximately 3.2–3.7 million persons by early November 2021. Once India’s age structure is factored in, these figures correspond to one of the most severe cases of COVID-19 mortality in the world. India has recorded after February 2021 the second outbreak of coronavirus that has affected the entire country. The accuracy of official statistics of COVID-19 mortality has been questioned, and the real number of COVID-19 deaths is thought to be several times higher than reported, the study reads.       

“The results imply that only one out of 7–8 deaths appear to have been recorded as a Covid-19 death in India. The estimates also point to a very high COVID-19 mortality rate, which is even higher after age and sex standardisation,” the study said recommending an improved surveillance system to monitor the progression of the pandemic and its spread across India’s regions and social groups.   

Life Insurance Corporation of India (LIC) in its draft prospectus also had stated that alone for the sixth month ended September 2021 the company paid death benefits worth Rs 21,734 crore compared to Rs23,926.89 crore paid in the whole fiscal year 2021. The insurer paid Rs17,527.98 crore covid claims in the previous financial year 2020.    

“Our insurance claims by death increased during the pandemic. For Fiscal 2019, Fiscal 2020, Fiscal 2021 and the six months ended September 30, 2021, our insurance claims by death in benefits paid (net) were Rs 171,288.42 million, Rs 175,279.87 million, Rs 239,268.94 million and Rs 217,341.50 million, respectively, on a consolidated basis, which were 6.79, 6.86, 8.29 and 14.47 per cent of our total insurance claims, respectively,” according to LIC draft prospectus.   

Credits: Teena Jain Kaushal / Neetu Chandra Sharma

Date: May 13, 2022

Source:  https://www.businesstoday.in/personal-finance/insurance/story/life-insurance-industry-received-218-lakh-covid-claims-so-far-worth-rs-16921-cr-data-shows-333540-2022-05-13

[gazetteweekly]

Insurance Schemes, General Public And Covid-19 Pandemic

The government has undertaken deep structural and sustained reforms in the last few years. One of the sectors it focused on, is the health and insurance sector. The government introduced the flagship scheme Ayushman Bharat (PM-JAY), one of the most ambitious schemes, to increase awareness and bring more citizens covered under insurance.

The Covid-19 pandemic has also created growth opportunities for the sector. The insurance sector categorised into life, general and health insurance, comprises 54 insurance companies out of which 24 are life insurers. The life insurance policies have increased – approximately 28 million new policyholders in the FY 2020-21.

A notable reform, ‘the FDI cap for the insurance sector has increased from 49 per cent to 74 per cent. The increase in the limit was primarily focused to get foreign investors, as this sector is highly capital intensive with a long gestation period, takes companies 7-10 years to break even and start becoming profitable.

This reform will enable insurance companies to raise funds to ensure maintaining their solvency in line with growing business needs and also augment foreign inflows and help attract more foreign companies. In order to bring in more clarity on the Indian owned and Controlled aspect announced vide October 2015 guideline, IRDA vide circular dated 30 July 2021, omitted the said concept which was a grey area and open to varied interpretation and disputes.

IRDAI introduced the Aadhar Authentication (e-kyc) and video authentication so as to enable insurance with a simpler process. This move has spurred the ongoing digitalisation initiatives and resulted in dispensing of physical policy documents. The PMJJBY scheme has been amended to ensure claims are settled within 7 days of intimation from banks with the lien period reduced to 30 days from 45 days. Insurance portability guidelines have been issued so as to give freedom to insurers to migrate.

IRDAI introduced the product regulation in 2019 so as to introduce prudent practices, pricing and designing the product. In June 2020, IRDAI published its guidelines for Covid-19 standard (benefit-based and indemnity) health policies.

Health and General Insurance providers have been mandated to offer the indemnity policy. Arogya Sanjeevani scheme was launched to cover all features of insurance products. All these measures have been taken in the interest of insurers and to make the process simpler.

The motor insurance framework underwent a variety of key developments including withdrawal of comprehensive long-term motor package cover with an aim to stop mis-selling, long-term third-party coverage for new vehicle owners and scrapping of own damage coverage for 3 or 5 years with effect from 1 August 2020.

The concept of a pay-as-you-use motor insurance plan has been launched that allows policyholders to switch on and off their motor insurance coverage depending on their usage, resulting in reduced premium costs.

In the health insurance space, the standardisation of health products has been a significant development. Health plans have been made comprehensive, these include mental disorders, Covid-19 issues, telemedicine and modern treatments under the scope of indemnity. Health insurers have been allowed to increase or decrease the health insurance premium by 15 per cent after the completion of three years, a major step in their pricing of the product.

However, the introduction of a change in the method for calculation of unearned premiums has been a setback for the companies established in recent years. The move has given a distinct advantage to players who have been in existence for a long.

Initiatives taken by the government and IRDAI will aid in creating awareness about the need for insurance amongst the general public as well as policyholders and ensuring a healthy India. All regulations are centred around getting more capital, customer protection and product standardization. Indian insurance companies have withstood the severe Covid-19 impact.

Growth in the top line is a testimony of the inner resilience of insurance companies and strong regulations. The insurance sector, with increased awareness in the customer base as well as well thought policy changes, is poised to grow in terms of business, top and bottom line and is likely to attract good valuation going forward.

By Author Sethurathnam Ravi:

S Ravi

The author is a practising chartered accountant and an independent director on many large public companies whose views and ideas have been instrumental in framing policy

[storyonyou]

Pradhan Mantri Jeevan Jyoti Bima Yojana: Invest only 330

Pradhan Mantri Jeevan Jyoti Bima Yojana: Invest only 330

Pradhan Mantri Jeevan Jyoti Bima Yojana: People associated with this scheme also get tax exemption. The validity of the policy is from 1st June to 31st May The Central Government had started Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in the year 2015 with the aim of providing security to the weaker sections of the country. The benefit of this scheme can be availed by all the people of 18…

[babychopshopwasteland]

"Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year life insurance plan, renewable from year to year, providing coverage for death. Coverage under PMJJBY is for death only, so the benefit will accrue only for the nominee. PMJJBY is a pure term insurance policy, covering only fatalities without any investment component.

[financeloan09]

PMJJBY

PMJJBY premium is an insurance programme that provides life insurance coverage for fatalities of any cause. It is a one-year cover that is renewed annually.

An insurance policy called PMJJBY offers life insurance protection against fatalities from any source. It is a yearly cover with a one-year term.

[moneycafe]

Pradhan Mantri Jeevan Jyoti Bima Yojana: How Nominees Can Claim The Sum Assured?

Pradhan Mantri Jeevan Jyoti Bima Yojana: How Nominees Can Claim The Sum Assured?

Planning oi-Vipul Das | Updated: Saturday, May 29, 2021, 17:41 [IST] In the event of the insured person’s death due to any cause including COVID-19, nominees of a policyholder of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) can claim the sum assured under the policy. Any claim, therefore, can only be raised if the policy was in effect at the time of the demise of the policyholder. The…

[investkal]

Pradhan Mantri Jeevan Jyoti Bima Yojana | benefit of Pmjjby?

Pradhan Mantri Jeevan Jyoti Bima Yojana | benefit of Pmjjby?

What is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)? PMJJBY policy is renewed annually and is jointly managed by LIC (Indian Life Insurance Company) and other insurance entities. This is a pure term insurance policy that makes you eligible for coverage of 200,000 rupees, with an annual premium of only 330 rupees. What do you expect from the program? If you are between 18 and 50 years old…

[loanandmore]

4 types of social security schemes launched by the Indian Government

Several insurance schemes and pension policies are underrated in India. A tiny part of the Indian population opts for the security schemes. For encouraging more and more people to join the scheme, Indian Prime Minister Narendra Modi launched three types of social security schemes – Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and Pradhan Mantri Jan Dhan Yojana. The primary objective of these schemes to better the lives of the economically backward section of the society.

Let us decode these themes –

Pradhan Mantri Jan Dhan Yojana: The Indian Government announced the scheme on August 15, 2014. The scheme offers a comprehensive financial solution to all households in the country. The motive of PMJDY is to provide universal access to financial services for all families. The scheme wishes to grant at least one account to every household apart from promoting banking literacy, pension services, insurance, and access to loans. PMJDY also makes sure that those unaware of the banking transactions are given proper training by the bank representatives. The additional facilities that the bank carries out are providing RuPay debit card, accident cover of INR 1 lakh, and overdraft facility to those who show successfully manage the account for six months.

Pradhan Mantri Jeevan Jyoti Bima Yojana: The banks offer PMJJBY for people between the age group 18 years to 50 years. Aadhaar is the primary document for opening such an account. Those who wish to opt for this plan must enable auto-debit from the account. It offers risk coverage up to INR 2 lakh in the event of the death of the policyholder. Also, the annual premium of the policy is affordable. It gets auto-debited from your savings account every year on May 31 during the coverage term. For enjoying all these benefits, you must hold a savings account with the participating bank.

Pradhan Mantri Suraksha Bima Yojana: Since life insurance is so crucial in today’s time, the Indian Prime Minister announced the launch of PMSBY for all individuals within the age group of 18 to 70 years. With a minimum annual premium, the scheme is ideal for those who live below the poverty line. In case of death or full disability of the insurance holder, the family receives INR 2 lakh. In the event of partial disability, the family receive INR 1 lakh. The PMSBY is inter-connected with Jan Dhan Yojana. Those who are covered by Jan Dhan Yojana are eligible to life cover under PMSBY. The premium gets deducted from the account annually. Once the policyholder turns 70 years or if the balance is inadequate, the life covers get terminated.

Atal Pension Yojana: There are people in India who do not opt for pension schemes often, especially the weaker section of the society. For encouraging the weaker section to go for pension schemes, Prime Minister Modi launched the Atal Pension Yojana. It focuses on the workers coming from unorganized sectors. It is open to all the bank holders, and individuals will receive a fixed pension of INR 1,000 to INR 5,000 if you join the scheme between 18 years to 40 years. The Central Government contributes up to 50 per cent of the contribution or INR 1,000, whichever is low, for a term of five years. The exit age and start of the pension are 60 years.

Which scheme would you go for? PMJJBY policy, APY, PMJDY, or PMSBY?

[indiascheme]

Government Schemes that Provide Financial and Economic Stability for Public s’ Benefit

For the benefit of the public, the government of our country has been focusing a lot on launching a lot of new reforms and schemes. These schemes and programs have helped many people of this country gain stability in terms of finance and economy. However, for this, people must be able to get the complete information and the important details. Sarkari Yojana is one such dedicated online platform that provides many ideas about the PM Narendra Modi schemes, government schemes, and alterations in the government schemes, latest updates, application forms, government mobile apps, and a lot more. Here is a list of the schemes launched by the government for the people's financial and economic stability.

Sukanya Samriddhi Yojna (SSY)

Prime Minister has inaugurated the Sukanya Samriddhi Yojna scheme under the notion of the “Beti Bachaao, Neti Padhaao”  The main aim of the scheme is to make sure that all the expenses like marriage and education of a girl child have been managed with it. One family can have at the most two accounts of the two girl children. Apart from these two, you can open the third account only if the girls are triplets or twins. The parent can open these accounts as the child turns ten years old. SSY provides an interest rate of 8.6% and offers benefits to the child. Pradhan Mantri Jan Dhan Yojna (PMJDY)

PMJDY or Pradhan Mantri Jan Dhan Yojna is the government policy for the needy and poor people with the National Mission for Financial Inclusion. PM Narendra Modi announced this one on 15th August, 2014. This plan promises an insurance cover of around one lakh for accidents and rupees 30,000 for the life insurance cover. The cash can be transferred to all the accounts throughout India. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

PMJJBY is open to people aged 18 to 50 years who have a bank account that consents to join/enable the auto-debit. Aadhar card will be the needed document for the KYC of your banks’ account. The term of Rs. 2 lakhs is renewable for one year from 1st June to 31st May. The Life Insurance Company introduces the policy to all other life insurers that can sell the plan  on comparable terms with the requisite permissions and connect it to the banks. The life cover of rupees 2 lakhs is very much available at only rupees 330 per year.

Pradhan Mantri Mudra Yojana (PMMY)

The Narendra Modi Government initiated the Pradhan Mantri Mudra Yojana scheme in 2015 to promote micro-credit for small-scale enterprises up to 10 Lakh. Within this program, MUDRA, a branch of SIDBI, offers economic help to mediators such as the Small Finance Banks, Commercial Banks, RRBs, MFIs, and NBFCs for loans to the non-farm small/micro-enterprises and non-corporate. Here were some of the government schemes that have been for the advantages of the people s’ economy. Like this, more such schemes are mentioned in the Sarkari Yojana. Get more info from here!

[go-21newstv]

‘Standardised policies help cover uninsured’ - Times of India

‘Standardised policies help cover uninsured’ – Times of India

NEW DELHI: The government is covering the masses through various central schemes, like the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). But the Insurance Regulatory and Development Authority of India (Irdai) — under the chairmanship of Subhash Chandra Khuntia — has taken on the task of covering the missing-middle through standardised insurance covers and micro insurance. In an interview with…

[newsresults]

‘Standardised policies help cover uninsured’ - Times of India

‘Standardised policies help cover uninsured’ – Times of India

NEW DELHI: The government is covering the masses through various central schemes, like the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). But the Insurance Regulatory and Development Authority of India (Irdai) — under the chairmanship of Subhash Chandra Khuntia — has taken on the task of covering the missing-middle through standardised insurance covers and micro insurance. In an interview with…

[iasshikshalove]

Daily Current Affairs Dated On 28-June-2019 GS-2 Malnutrition Challenge in India: Context: As per the report of National Family Health Survey (NFHS) – 4 conducted by Ministry of Health and Family Welfare in 2015-16, 35.7% children under 5 years of age are underweight, 38.4% are stunted and 58.5% are anemic. Further, 22.9% women (15-49 years of age) have chronic energy deficiency (BMI less than 18.5) and 53% are anemic. Steps taken by Govt.:  The Government has accorded high priority to the issue of malnutrition and is implementing several schemes/programmes to address various aspects related to nutrition.  This Ministry is implementing POSHAN Abhiyaan, Pradhan MantriMatruVandanaYojana, Anganwadi Services and Scheme for Adolescent Girlsunder the Umbrella Integrated Child Development Services Scheme as direct targeted interventions to address the problem of malnutrition in the country. The monitoring systems in-built in the schemes are as under:  NITI Aayog undertakes periodic monitoring and evaluation of POSHAN Abhiyaan through their ‗Technical Unit‘ for assessing the impact of the programme.  In order to ensure regular monitoring and review of all sectoral programmes under POSHAN Abhiyaan, a National Nutrition Resource Centre – Central Project Monitoring Unit (NNRC–CPMU) has been constituted.  The Pradhan MantriMatruVandanaYojana is implemented through web based Management and Information (MIS) Software, viz., Pradhan MantriMatruVandanaYojana-Common Application Software (PMMVY-CAS) which is used as an effective tool for regular monitoring  The Anganwadi Services Scheme has an in-built monitoring system since its inception to track the physical progress of the scheme in respect of various input process, output and impact indicators through a standardized Management Information System (MIS). Daily Current Affairs Dated On 28-June-2019 Exploitation of Domestic Workers: Why in News? The discussions are underway regarding a National Policy for Domestic Workers as per information obtained from Ministry of Labour and Employment. The salient features of which are as under: I. Inclusion of Domestic Workers in the existing legislations; II. Registration of Domestic workers; III. Right to form their own associations / unions; IV. Right to have minimum wages, access to social security, protection from abuse, harassment, violence; V. Right to enhance their skills; VI. Protection of Domestic Workers from abuse and exploitation; VII. Domestic Workers to have access to courts, tribunals, etc. for Grievance Redressal. VIII. Establishment of a mechanism for regulation of placement agencies. Measures taken by Govt.:  The Government has enacted the Unorganized Workers Social Security Act, 2008 to provide for the welfare of unorganized workers.  It deal with matters relating to life and disability cover, health and maternity benefits, old age protection and any other benefit as may be determined.  In addition, the Central Government has recently converged the social security schemes of Aam Aadmi Bima Yojana (AABY) with Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)  These provide life and disability coverage to the unorganized workers for the age group of 18 to 50 years depending upon their eligibility. About PMJJBY:  Converged PMJJBY gives coverage of Rs.2.0 lakh on death at a premium of Rs.330/- per annum.  Further converged PMSBY gives coverage of Rs.2.0 lakh on accidental death and disability at a premium of Rs.12/- per annum.  These converged schemes are being implemented by Life Insurance Corporation of India.  The annual premium is shared on 50:50 basis by the Central and State Governments. Daily Current Affairs Dated On 28-June-2019 Benefit of BBBP scheme to Daughters of Poor Women: Context: The Beti Bachao Beti Padhao (BBBP) Scheme aims to address the critical issue of declining Child Sex Ratio (CSR). The specific objectives of the scheme are: i. prevent gender biased sex selective elimination ii. ensure survival and protection of the girl child iii. ensure education and participation of the girl child through coordinated and convergent efforts. Salient Features:  Out of 640 districts (as per Census 2011), 405 districts are selected under Multi-sectoral intervention and advocacy & media campaign, while remaining 235 districts are covered under advocacy & media campaign only.  BBBP scheme has provision for awards and recognitions but no provision for direct individual cash transfer for any strata of society including daughters of poor women.  It is not a DBT (Direct Benefit Transfer) scheme.  Under the scheme, combined data of urban and rural areas are considered for the Sex Ratio at Birth (SRB). Performance of the Scheme:  The latest reports of Health Management Information System (HMIS) of Ministry of Health & Family Welfare (MoHFW) for the time period between F.Y. 2015-16 and F.Y. 2018-19, reveal that SRB is showing improving Daily Current Affairs Dated On 28-June-2019 trends from 923 to 931, which include urban areas as well as rural areas of the country . Achievements Under Skill Development Programme : Schemes: Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 2016-20 is a flagship scheme of the Ministry of Skill Development and Entrepreneurship. It is being implemented with an objective to provide skilling to one crore prospective youth under Short Term Training (STT) courses and Recognition of Prior Learning (RPL) across the country for four years i.e. 2016-2020. Main Features of Scheme:  Under PMKVY 2016-20, focus on employment has been significantly enhanced and candidates have been placed in various sectors and industries.  TPs are mandated to organize Placement/Rozgar Melas every six months with support from the Sector Skill Councils (SSCs) and to ensure the participation of local industry. Scheme also incentivizes TCs/TPs for facilitating placement of the trained candidates.  Further, the reimbursement of last 20% of training payout to TCs is linked with the placement (wage employment or self employment) of the candidate.  Additionally, post placement support of Rs. 1500 per month per trainee is applicable for special group (women candidates and persons with disability) and special areas (LWE, North East region and J&K) for 2 or 3 month post training depending on placement within or outside the district of the domicile of the candidate. Progress made:  Due to the above mentioned initiatives, the reported placement under PMKVY 2016-20 is approximately 57%.  Further, the third party impact evaluation of PMKVY 2016-20, conducted by independent body, has observed that 17% of the students enrolled under PMKVY 2016-20 prefer to go for higher studies than getting into employment. Daily Current Affairs Dated On 28-June-2019 Ministry has also undertaken various measures to encourage greater participation of industry in skilling ecosystem to improve employment outcomes. Employer led skill development is also being promoted to further improve placements rates under PMKVY 2016-20. Schemes to Reduce IMR and SBR Public Health is a State subject. However, to reduce infant mortality and still birth, various programmes and schemes under National Health Mission are implemented by States/ UTs as follows:  Promotion of Institutional deliveries through cash incentive under Janani Suraksha Yojana (JSY) and Janani Shishu Suraksha Karyakaram (JSSK) entitles all pregnant women (PW) delivering in public health institutions to free ante-natal check-ups, delivery including Caesarean section, post-natal care and treatment of sick infants till one year of age.  India Newborn Action Plan (INAP) was launched in 2014 to make concerted efforts towards attainment of the goals of ―Single Digit Neonatal Mortality Rate‖ and ―Single Digit Still birth Rate,‖ by 2030.  Mothers’ Absolute Affection (MAA) programme for improving breastfeeding practices through mass media campaigns and capacity building of health care providers in health facilities as well as in communities.  Universal Immunization Programme (UIP) is supported to provide vaccination to children against life threatening diseases such as Tuberculosis, Diphtheria, Pertussis, Polio, Tetanus, Hepatitis B, Measles, Rubella, Pneumonia and Meningitis caused by HaemophilusInfluenzae B. .  LaQshya a Labour Room quality improvement programme is implemented in over 2100 health facilities across the country including medical colleges.  Pradhan MantriSurakshitMatritvaAbhiyan (PMSMA) is implemented to provide fixed-day assured, comprehensive and quality antenatal care universally to all pregnant women on the 9th of every month.  Rashtriya Bal SwasthyaKaryakram (RBSK) for health screening, early detection of birth defects, diseases, deficiencies, development delays and early intervention services has been operationalized to provide comprehensive care to all the children in the age group of 0-18 years in the community. Targets: Daily Current Affairs Dated On 28-June-2019  Under National Health Policy, 2017, Infant Mortality Rate (IMR) target for the year 2019 is 28 per 1000 live births and Still Birth Rate is Single Digit by 2025.  As per latest Sample Registration System bulletin of Registrar General of India, the Infant Mortality Rate is 33 per 1000 live births at National level in 2017 and Still Birth rate is 4 per 1000 birth in 2016 . What is IMR?.  Infant mortality is the death of young children under the age of 1. This death toll is measured by the infant mortality rate, which is the number of deaths of children under one year of age per 1000 live births.  Stillbirth is typically defined as fetal death at or after 20 to 28 weeks of pregnancy (depending on the source).  It results in a baby born without signs of life GS-3 Natural Language Translation Why in News? The Ministry of Electronics and IT will soon place before the Union Cabinet a ₹450 crore proposal for Natural Language Translation — one of the key missions identified by the Prime Minister‘s Science, Technology and Innovation Advisory Council (PM-STIAC). About the Proposal:  The proposal is part of the 100-day action plan charted out by MeitY, following Prime Minister Narendra Modi‘s instructions.  The national mission on natural language translation aims to make science and technology accessible to all by facilitating access to teaching and researching material bilingually — in English and in one‘s native Indian language.  To achieve this, the government plans to leverage a combination of machine translation and human translation.  To overcome the language barrier, the government planned to set up an ecosystem which involved the Central and State agencies and start-ups. Benefits of the Project: Daily Current Affairs Dated On 28-June-2019  Start-ups can help expedite the work to build implementable solutions to help make research.  Translation activities can also help generate employment for educated unemployed, he pointed out, adding that the mission would help not just students but also teachers, authors, publishers, translation software developers and general readers. Other Important Points:  The ITministry is the lead agency for implentation of the mission along with the Ministry of Human Resource Development and Department of Science and Technology.  The PM-STIAC is an overarching body that identifies challenges in certain areas of science and technology.  It then creates a road map to deal with these challenges and presents the recommendations to the Prime Minister.  Besides natural language translation, other missions identified by the body includes Quantum Frontier, Artificial Intelligence, National Bio-diversity mission, electric vehicles, BioScience for Human Health and deep ocean exploration. Nuclear Wastes: Why in News? India has adopted ―closed fuel cycle‖, where spent nuclear fuel is regarded as a material of resource. What does it Mean?  Closed fuel cycle aims at reprocessing of spent fuel for recovery of Uranium and Plutonium and recycling them back to reactor as fuel.  This finally leads to a very small percentage of residual material present in spent nuclear fuel requiring their management as radioactive waste.  Safe management of radioactive waste has been accorded high priority right from the inception of our nuclear energy programme. How is it Done?  With the advent of new technologies based on partitioning of waste, emphasis is accorded to separation and recovery of these useful Daily Current Affairs Dated On 28-June-2019 radio-isotopes so as to make use of the waste for various societal applications.  Utmost emphasis is given to waste volume minimization, effective containment and isolation of radio-activity followed by near zero discharge of radioactivity to the environment.  As a waste management philosophy, no waste in any physical form is released / disposed to the environment unless the same is cleared, exempted or excluded from regulations. A comprehensive radioactive waste management is established taking into account the operational capability for the management of radioactive waste and an independent regulatory capability for its overview. Threats from Nuclear waste:  The transport of this waste poses an unacceptable risk to people and the environment  Plutonium has been stated to be 'the most toxic substance on earth' and so hazardous that 'a speck can kill  Most nuclear waste produced is hazardous, due to its radioactivity, for only a few tens of years and is routinely disposed of in near-surface disposal facilities (see above). Only a small volume of nuclear waste (~3% of the total volume) is long-lived and highly radioactive and requires isolation from the environment for many thousands of years.  Even if put into a geological repository, the waste might emerge and threaten future generation  There is a potential terrorist threat to the large volumes of radioactive waste currently being stored and the risk that this waste could leak or be dispersed as a result of terrorist action.