Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Question of The Day04-07-2021

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed ________ insurance scheme

Answer

Correct Answer : a ) Accident

Explanation :

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accident insurance scheme. It was launched on 9 May 2015.

This scheme will provide very affordable insurance scheme for the poor and underprivileged people in the age group of 18 to 70 years.

Candidates should have a bank account. The risk coverage under the scheme is Rs.2 lakh for accidental death and full disability and Rs. 1 lakh for partial disability.

The scheme is being offered by Public Sector General Insurance Companies or any other General Insurance Company.

Hence, option (a) is correct.

Questions related to Government Schemes are asked in various competitive exams like State PCS, UPSC CDS, SSC CGL, SSC CHSL, SSC CPO, RRB NTPC, UP SI, IB ACIO, etc.

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