New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following option is incorrect about “PM

    Suraksha Bima Yojana”?
    A The scheme is administered by insurance companies from both the private and public sectors. Correct Answer Incorrect Answer
    B A life cover of Rs. 1 lakh is provided to the beneficiary in case of partial disability. Correct Answer Incorrect Answer
    C This scheme can be availed by any individual aged between 18 years to 70 years. Correct Answer Incorrect Answer
    D The scheme provides an annual premium of Rs. 12 per annum per member. This premium is auto-debited in one instalment on or before 1st June of every year. Correct Answer Incorrect Answer

    Solution

    The risk coverage under the scheme is Rs.2 lakh for accidental death and full disability and Rs. 1 lakh for partial disability. The premium of Rs. 20 per annum is to be deducted from the account holder's bank account through an 'auto-debit' facility in one instalment.

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