Any Indian citizen between 18-40 years of age can join through their savings bank
      account/post office savings account. Minimum pension of ₹ 1,000 or ₹ 2,000 or ₹ 3,000 or ₹
      4,000 or ₹ 5,000 is guaranteed by the Government of India to the subscriber at the age of 60
      years, with a minimum monthly contribution (for those joining at age at 18) of 42 or 84 or 126 or
      168 or 210, respectively. After the subscriber’s demise, the spouse of the subscriber shall be
      entitled to receive the same pension amount as that of the subscriber until the death of the
      spouse. After the demise of both the subscriber and the spouse, the nominee of the subscriber
      shall be entitled to receive the pension wealth, as accumulated till age 60 of the subscriber.
      Revisions in APY
            In the event of pre-mature death of the subscriber, government has decided to give an option
      to the spouse of the subscriber to continue contributing to APY account of the subscriber, for the
      remaining vesting period i.e., till the original subscriber would have attained the age of 60 years.
      The earlier provision was to hand over lump sum amount to spouse on the premature death
      (death before 60 years of age) of the subscriber. The spouse of the subscriber shall be entitled to
      receive the same pension amount as that of the subscriber until the death of the spouse. After the
      death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to
      receive the pension wealth, as accumulated till 60 years of the subscriber.
            In order to facilitate subscribers with the convenience and accessibility of his/her APY
      account, Mobile Application for APY has been launched by PFRDA. This has enabled mobile
      operations for empowering the subscribers to view Statement of Account and other details of
      their APY account. All APY subscribers can download NPS Lite mobile applications from
      google store and install in their mobile phones for real time viewing of APY Accounts. To
      experience the features, the subscribers need to visit https://npslite-nsdl.com/CRAlite/ website
      and can explore as per their requirement.
      Pradhan Mantri Jeevan Jyoti BimaYojana
            Government announced three ambitious social security schemes pertaining to the insurance
      and pension sectors, namely Pradhan Mantri Jeevan Jyoti BimaYojana (PMJJBY), Pradhan
      Mantri Suraksha BimaYojana (PMSBY) and the Atal Pension Yojana (APY) to move towards
      creating a universal social security system, targeted especially for the poor and the under-
      privileged. PMJJBY is a one year life insurance scheme, renewable from year to year, offering
      coverage of two lakh rupees for death due to any reason and is available to people in the age
      group of 18 to 50 years (life cover up to 55 years of age) having a bank account who give their
      consent to join and enable auto-debit. It involves convenient bank account linked enrolment with
      implementation in IT mode, and premium payment through auto-debit from the bank account of
      the subscriber. Implementation of this scheme enables affordability and targeting in favour of the
      poor and the under-privileged and would address the situation of low penetration of life
      insurance in the country.
      Pradhan Mantri Suraksha Bima Yojana
            The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a one year personal accident
      insurance scheme, renewable from year to year, offering coverage for death/disability due to an
      accident and is available to people in the age group of 18 to 70 years having a bank account who
      give their consent to join and enable auto-debit. Under the said scheme, risk coverage available
      will be ₹ 2 lakh for accidental death and permanent total disability and ₹ 1 lakh for permanent