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
Scheme	Entry Age	Monthly Expenditure		Annual Contribution from family	Benefits to Family
APY (For minimum monthly pension of Rs. 5000/- each)	18-40 years	577	485	12.744	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	36.33	36.33	872	Rs.4,00,000/- life insurance cover (2 Lakhs*2)
PMSBY @ Rs. 20/-	18-70 years	1.66	1.66	40	Rs.4,00,000/- Accidental Death (2 Lakhs*2)
SBI General PAI	18-65 years	84	84	2000	Rs.40,00,000/- Accidental Death and Permanent Total Disability (20 Lakhs*2)
PMJDY Rupay Card*	Above 5 years	Yes	Yes	Free	Rs.4,00,000/- (2*2Lakhs) Personal Accident Insurance
Grand Total		698.99	606.99	15,656	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 Coverage	4.00	4.00
Accidental Coverage	48.00	44.00
Pension	24.00	24.00
Corpus to legal hier(s)	17.00	17.00
Child Education cover	0.40	0.40
Other Benefits	0.30	0.30
Tax exemption	1.00	1.00
Total	94.70	90.70