Question
Which two insurance schemes for fisherfolk has the
government merged from June 1, 2024?Solution
On June 1, the government has converged two insurance schemes for fishermen , which might help in reducing the premium burden and easing implementation issues. The fishermen insurance scheme under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and the Group Accident Insurance Scheme (GAIS) has been converged to provide comprehensive insurance coverage of Rs 5 lakh for fishermen (Rs 3 lakh under GAIS for accidental death or permanent total disability and Rs 2 lakh under PMSBY).
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