Which of the following statements is correct regarding Pradhan Mantri Suraksha Bima Yojana?

I.              This scheme is available to people in the age group 18 to 70 years.

II.            The risk coverage under the scheme is Rs. 2 lakh for accidental death and full disability.

Solution

PMJJBY, PMSBY and APY were launched by Prime Minister Shri Narendra Modi on 9th May 2015 from Kolkata, West Bengal. ·         Scheme: PMSBY is a one-year accidental insurance scheme renewable from year to year offering coverage for death or disability due to accident. ·         Eligibility: Persons in the age group of 18-70 years having an individual bank or a post office account are entitled to enroll under the scheme. ·         Benefits: Accidental death cum disability cover of Rs.2 lakh (Rs.1 lakh in case of partial disability) for death or disability due to an accident against a premium of Rs.20/- per annum.