2016 · Q42
Consider the following statements regarding the Pradhan Mantri Suraksha Bima Yojana:
- 1It is application for all bank account holders up to the age of 60 years.
- 2It is life insurance cover.
- 3It is an accident insurance cover.
- 4The insurance covers death and permanent disability due to accident.
Which of the above statements are correct?
Social Security in IndiaUnorganised sector schemes
- A1 and 2 only
- B3 and 4 only
- C2 and 3 only
- D1 and 4 only
Explanation
PMSBY is an accident insurance scheme (3), covering accidental death and permanent disability (4) — ₹2 lakh cover at ₹12 per year for bank account holders aged 18–70. It is not life insurance (2 is false), and the age ceiling is 70, not 60 (1 is false). Hence 3 and 4 only — option (B).