Consider the following statements regarding the Pradhan Mantri Suraksha Bima Yojana 1 It is applicab...........

Social Security Pension and Insurance

Consider the following statements regarding the Pradhan Mantri Suraksha Bima Yojana:

1. It is applicable for all bank account holders up to the age of 60 years.

2. It is a life insurance cover

3. It is an accident insurance cover.

4. The insurance covers death and permanent disability due to accident.

Which of the above statements are correct?

This questions was previously asked in

EPFO APFC (2015)

1 and 2 only

3 and 4 only

2 and 3 only

1 and 4 only

- Statement 1: It is applicable for all bank account holders up to the age of 60 years.

- This statement is incorrect. The scheme is available to individuals aged 18 to 70 years.

- Statement 2: It is a life insurance cover.

- Incorrect. The Pradhan Mantri Suraksha Bima Yojana provides accident insurance cover, not life insurance.

- Statement 3: It is an accident insurance cover.

- Correct. The scheme offers a cover for accidents.

- Statement 4: The insurance covers death and permanent disability due to accident.

- Correct. It covers both accidental death and disability.

The correct option is Option 2: 3 and 4 only.

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