Start learning 50% faster. Sign in now
Statement 1 is incorrect; the scheme is fully subsidized. Statements 2 and 3 are correct. • Government will merge Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Group Accident Insurance Scheme (GAIS) for fisherfolk from June 1. • The merger aims to reduce premium burden and ease implementation. • Provides ₹5 lakh comprehensive insurance coverage: ₹3 lakh under GAIS for accidental death or permanent total disability and ₹2 lakh under PMSBY. • Previously, PMSBY offered ₹2 lakh coverage, and GAIS provided ₹5 lakh. • Fully subsidized scheme, with no premium required from fisherfolk, entirely borne by the government. Learn Along: About Pradhan Mantri Suraksha Bima Yojana • Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in India. • It was originally mentioned in the 2015 Budget speech by Finance Minister Late Arun Jaitley in February 2015. • It was formally launched by the Prime Minister Narendra Modi on 8 May 2015 in Kolkata. About Group Accident Insurance Scheme • In 2020-21 under PMMSY, Government brought in Group Accident Insurance Scheme (GAIS) as a beneficiary oriented centrally sponsored scheme to offer insurance to fishers including fishermen, fisherwomen, fish workers, fish farmers, and others directly involved in fishing and fisheries-related allied activities within the age group of 18 to 70 years. • GAIS offers insurance coverage of Rs. 5.00 lakh against accidental death or Permanent Total Disability (PTD), Rs. 2.50 lakh against Permanent Partial Disability (PPD), and Rs. 25,000 against accidental hospitalization. • No beneficiary contribution is required as the premium is fully funded by the Central and respective State/UT Governments.
How many times has the constitution been amended since its inception?
In a certain language TRIANGLE is written as VTCPING. How RECTANGLE will be written
The Pallavas and Chalukyas were the most important ruling dynasties in south India during post-Gupta period. The kingdom of the Chalukyas was centred ar...
Indian National Congress was founded by __________.
Drawing inspiration from the rainbow complete the blank v. i.__.g.__.o.r
The Agasthyamalai Biosphere reserve is in:
Box A has 10 g of gold and box B has 10 g of copper. 1 g of the material in B is added to A and mixed and 1 g of the resulting material in A is added to...
Sum of the two numbers is 6 times their difference. Then the numbers are in the ratio.
Lightning is seen before thunder because
Which amongst the following is not correctly matched ?