Pravasi Bharatiya Bima Yojana
Pravasi Bharatiya Bima Yojana Introduction The Government of India launched the Pravasi Bharatiya Bima Yojana (PBBY), a government-backed insurance programme, to offer social security and financial aid to Indian immigrants. The 2003-launched programme seeks to protect both the families and interests of Indian employees who go overseas for employment by providing insurance protection against a variety of dangers they could encounter while doing so. We shall examine the specifics of the Pravasi Bharatiya Bima Yojana and its importance in protecting the wellbeing of Indian emigrants in this post. Pravasi Bharatiya Bima Yojana: An Overview The Ministry of External Affairs oversees the Pravasi Bharatiya Bima Yojana in coordination with the Life Insurance Corporation of India (LIC). The programme offers Indian immigrants insurance protection in the case of accidental death, permanent disability, or partial disability brought on by accidents. Hospitalisation costs resulting from illnesses an