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      Question

      How is the PMSBY premium collected from

      beneficiaries?
      A One-time payment at the beginning of the policy Correct Answer Incorrect Answer
      B Monthly deduction from salary for employees Correct Answer Incorrect Answer
      C Annual deduction from the bank account through auto-debit Correct Answer Incorrect Answer
      D Cash payment at designated insurance offices Correct Answer Incorrect Answer
      E Payment through online platforms only Correct Answer Incorrect Answer

      Solution

      The PMSBY premium is collected through an annual deduction from the beneficiary’s bank account via auto-debit.

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