What is Social Security Agreement ........

Social Security Social Security- The concept

What is Social Security Agreement ?

Social security agreements are trilateral agreements between India and other countries designed to protect the interests of cross border workers.

It was initiated by signing an Social security agreement between India and Germany on 3 November 2006.

A bilateral instrument to protect the interests of Indian professionals as well as selfemployed Indians working in foreign countries.

This scheme is especially beneficial for rich Indians working in the Gulf region.

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Explanation:

Social Security Agreements (SSA) are bilateral agreements between countries that are designed to protect the interests of cross-border workers. In an increasingly globalised world, SSAs are very important to safeguard the interests of workers.

It SSA is an agreement between two countries that provides for the protection of the interests of cross-border workers. Basically, the SSA avoids ‘double coverage’ and treats the workers of both the host country and the home country equally especially in terms of social security.
India has signed social security agreements with 19 countries. The first SSA India signed was with Belgium in 2006. It became operational in 2009.
India has SSAs with Belgium, Brazil, Germany, Switzerland, Grand Duchy of Luxembourg, France, Denmark, Korea, the Netherlands, Hungary, Finland, Sweden, Czech Republic, Norway, Austria, Canada, Australia, Japan and Portugal.

Hence option 3rd is correct.