General Studies · Social Security Schemes
Consider the following statements regarding PMSBY and PMJJBY schemes: Statement I: PMSBY provides coverage of 2,00,000 Rupees for accidental death or total permanent disability and 1,00,000 Rupees for partial permanent disability to individuals aged 18 to 70 years for an annual premium of 20 Rupees. Statement II: PMJJBY provides a life cover of 2,00,000 Rupees for death due to any reason to individuals aged 18 to 50 years for an annual premium of 436 Rupees. Statement III: In both schemes, insurance cover is terminated if the bank account is closed, but neither scheme applies any lien period for new enrollments. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and II✓
- 4Only I
Correct answer
Only I and II
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