Question

    What is the annual premium amount under the Pradhan

    Mantri Suraksha Bima Yojana (PMSBY)?
    A ₹12 Correct Answer Incorrect Answer
    B ₹15 Correct Answer Incorrect Answer
    C ₹20 Correct Answer Incorrect Answer
    D ₹25 Correct Answer Incorrect Answer
    E ₹30 Correct Answer Incorrect Answer

    Solution

    The PMSBY offers accident insurance of ₹2 lakh for death or full disability, at a nominal annual premium of ₹20 . This low-cost insurance scheme is one of the government’s key financial inclusion initiatives, often featured in general awareness and financial inclusion questions in banking exams.

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