• ATM Toll Free No. 1800 532 7444 / 1800 123 6230 / 1800 833 1004
  • To Block ATM card - 81065 73542
  • Toll Free No. 1800 425 1191

Family First 2.0 Initiative

FAMILY FIRST 2.0” initiative encompasses Jansuraksha schemes viz. PMJJBY/PMSBY/APY, SBI General Group PAI + and RUPAY card. The purpose of this initiative is to ensure a fully insured & pensioned family to safeguard from financial shocks on account of unexpected events.

Scheme Entry Age Husband (30 years) Wife (28 years) Annual Contribution from family Benefits to Family
Monthly Expenditure
APY (For minimum monthly pension of Rs. 5000/- each) 18-40 years 57748512.744 If we assume both wife and husband live till 80 years, they will get Rs. 24.00 Lakhs in the form of pension and Rs. 17.00 Lakhs corpus amount to legal hier(s) with total investment of Rs. 3,93,960/-
PMJJBY @ Rs. 436/- 18-50 years 36.3336.33872 Rs.4,00,000/- life insurance cover (2 Lakhs*2)
PMSBY @ Rs. 20/- 18-70 years 1.661.6640 Rs.4,00,000/- Accidental Death (2 Lakhs*2)
SBI General PAI 18-65 years 84842000 Rs.40,00,000/- Accidental Death and Permanent Total Disability (20 Lakhs*2)
PMJDY Rupay Card* Above 5 years YesYesFree Rs.4,00,000/- (2*2Lakhs) Personal Accident Insurance
Grand Total 698.99606.9915,656 Family benefits upto approx. Rs.94.70 Lakhs

* Rs. 2 Lakhs for RuPay card holders of New PMJDY Card (account opened after 28th August'18 onwards) & Rs. 1 Lakh for RuPay cardholders of old PMJDY card (account opened till 28th August'18) and eligible if Rupay card has been transacted every 90 days

## Assuming family under 20% income tax slab, family gets tax exemption upto Rs. 92,568/- over a period.

A Family of two derive benefits of about Rs.94.70 Lakhs with a cost of Approx Rs.8/- and investment of Rs.35/- daily

Benefits under Family First Initiative

Benefits PMJDY Customers (in Lakhs) Other Customers (in Lakhs)
Life Coverage4.00 4.00
Accidental Coverage48.00 44.00
Pension24.00 24.00
Corpus to legal hier(s)17.00 17.00
Child Education cover0.40 0.40
Other Benefits0.30 0.30
Tax exemption1.00 1.00
Total94.70 90.70