New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY),

    the risk coverage period for accidental death or disability is:
    A One calendar year starting from 1st January to 31st December. Correct Answer Incorrect Answer
    B One year from the date of enrollment in the scheme. Correct Answer Incorrect Answer
    C Two years from the date of enrollment in the scheme. Correct Answer Incorrect Answer
    D One financial year starting from 1st April to 31st March. Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    PMSBY coverage aligns with the financial year to simplify administrative processes and renewals.

    Practice Next

    Relevant for Exams: