Consider the following statements in respect of Atal Pension Yojana 1 Beneficiary must be in the age...........

Social Security Pension and Insurance

Consider the following statements in respect of Atal Pension Yojana:

1. Beneficiary must be in the age group of 18 to 40 years.

2. Beneficiary will receive the pension only after he attains the age of 60 years.

3. After the death of a beneficiary, his spouse continues to receive the pension.

4. No nominee of the beneficiary is permitted.

Which of the above statements are correct?

This questions was previously asked in

EPFO APFC (2015)

3 and 4 only

1, 3 and 4 only

1, 2 and 3 only

1, 2, 3 and 4

- Statement 1: Beneficiary must be in the age group of 18 to 40 years.

- Correct. This is the eligible age range for enrolling in the Atal Pension Yojana.

- Statement 2: Beneficiary will receive the pension only after he attains the age of 60 years.

- Correct. The pension commences at the age of 60.

- Statement 3: After the death of a beneficiary, his spouse continues to receive the pension.

- Correct. The spouse is entitled to receive the pension after the beneficiary’s death.

- Statement 4: No nominee of the beneficiary is permitted.

- Incorrect. Nomination is allowed; a nominee can be designated to receive the benefits if both beneficiary and spouse pass away.

The correct option is Option 3: 1, 2 and 3 only.

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