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      Question

      The Pradhan Mantri Suraksha Bima Yojana (PMSB

      • Y offers affordable accident insurance to individuals, particularly from lower-income groups. Examine the three scenarios below and determine which are factually consistent with the scheme's provisions: I. Deepak, aged 42, met with a fatal road accident. His nominee would receive Rs. 2 lakh as insurance benefit under PMSBY. II. Sunita lost her right hand in an industrial accident, resulting in partial permanent disability. She is entitled to claim Rs. 1 lakh under PMSBY. III. Ramchandra, aged 73, recently enrolled in PMSBY and secured a cover of Rs. 2 lakh for accidental incidents. Which of the above scenarios correctly reflect the provisions of PMSBY?
      A Only I Correct Answer Incorrect Answer
      B Only II Correct Answer Incorrect Answer
      C I and II only Correct Answer Incorrect Answer
      D Only III Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      PMSBY covers individuals aged 18–70 years only. Ramchandra at 73 is beyond the maximum age and cannot enroll Statement III is wrong. For accidental death or total permanent disability, the cover is Rs. 2 lakh (Statement I correct). For partial permanent disability such as loss of one limb/eye, the cover is Rs. 1 lakh (Statement II correct). The annual premium is just Rs. 12/- and the policy renews automatically via auto-debit.

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