Aam Aadmi Bima Yojana is a social security scheme introduced by the Government of India. The beneficiaries can apply for this scheme without any cost as the specified premium amount of.....is mutually shared by the Central and State Governments.

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Aam Aadmi Bima Yojana is a social security scheme introduced by the Government of India. The beneficiaries can apply for this scheme without any cost as the specified premium amount of____is mutually shared by the Central and State Governments.

A	Rs 500
B	Rs 200
C	Rs 700
D	Rs 400

Explanation:

Detailed explanation-1: -The Aam Aadmi Bima Yojana covers natural death/accidental death, permanent total disability, and partial permanent disability. The scheme provides coverage to individuals residing in rural areas and individuals who are below the poverty line.

Detailed explanation-2: -The Aam Aadmi Bima Yojana provides for a disability claim of Rs. 37, 500 for permanent partial disability and Rs. 75, 000 in case of permanent total disability occurred due to an accident. Cover for Accidental Death: The Aam Aadmi Bima Yojana provides cover in case of accidental death.

Detailed explanation-3: -The members should be aged between 18 years completed and 59 years nearer birthday. The member should normally be the head of the family or one earning member of the below poverty line family (BPL) or marginally above the poverty line under identified vocational group/rural landless household.

Detailed explanation-4: -Thus, the Aam Aadmi Bima Yojana provides coverage for accidental death. Under this coverage an amount of Rs. 75000/-is paid to the nominee of the plan.

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