<p>Finance Minister Arun Jaitley today announced a slew of low-cost pension and insurance schemes, including Atal Pension Yojana and Universal Social Security scheme.<br /><br /></p>.<p>Atal Pension Yojana will provide defined pension according to contribution. Of this, 50 per cent contribution would be made by the government, he said while presenting the Budget for 2015-16 in the Lok Sabha.<br /><br />"The government proposes to work towards Universal Social Security for all Indians," he said.<br /><br />Besides, the government proposes to launch PM Suraksha Bima Yojana to increase the access to insurance. It will be linked Pradhan Mantri Jan Dhan Yojana.<br /><br />The scheme will offer coverage of Rs 2 lakh for premium of just Rs 12 a year, he said.<br />"These social schemes reflect our intention that no person suffers from avoidable pain due to illness, old age," he said.</p>
<p>Finance Minister Arun Jaitley today announced a slew of low-cost pension and insurance schemes, including Atal Pension Yojana and Universal Social Security scheme.<br /><br /></p>.<p>Atal Pension Yojana will provide defined pension according to contribution. Of this, 50 per cent contribution would be made by the government, he said while presenting the Budget for 2015-16 in the Lok Sabha.<br /><br />"The government proposes to work towards Universal Social Security for all Indians," he said.<br /><br />Besides, the government proposes to launch PM Suraksha Bima Yojana to increase the access to insurance. It will be linked Pradhan Mantri Jan Dhan Yojana.<br /><br />The scheme will offer coverage of Rs 2 lakh for premium of just Rs 12 a year, he said.<br />"These social schemes reflect our intention that no person suffers from avoidable pain due to illness, old age," he said.</p>