Which of the following insurance schemes of the

Solution

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): This is a government-backed life insurance scheme. It is available to people in the age group of 18 to 50 years having a bank account. It offers a life cover of ₹2 lakh for the death of the insured due to any reason. The premium is automatically debited from the account holder's bank account.

• Pradhan Mantri Suraksha Bima Yojana (PMSBY): This is an Accidental Insurance scheme, not a general life insurance scheme. It provides coverage for death or disability specifically resulting from an accident. The age limit is 18 to 70 years.
• Atal Pension Yojana (APY): This is a Pension Scheme focused on the unorganized sector. It provides a guaranteed minimum pension after the age of 60, depending on the contributions made, rather than a primary life insurance cover for bank accounts.
• Ayushman Bharat (PM-JAY): This is a Health Insurance (National Public Health Insurance) scheme that provides a health cover of up to ₹5 lakh per family per year for secondary and tertiary care hospitalization. It does not provide life cover for death.