BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Aam Admi Bima Yojana has come into effect from
A
01st January 2017
B
01st January 2015
C
01st January 2014
D
01st January 2013
Explanation: 

Detailed explanation-1: -Aam Admi Bima Yojana was launched on October 2, 2007. It is an Indian social security scheme that aims at the low-income families of India.

Detailed explanation-2: -Aam Admi Bima Yojana (AABY) is a Government of India Social Security Scheme administered through Life Insurance Corporation of India (LIC) that provides Death and Disability cover to persons between the age group of 18 yrs to 59 yrs, under 48 identified vocational/ occupational groups /rural landless households.

Detailed explanation-3: -The Aam Aadmi Bima Yojana was launched in India by LIC in order to provide social security along with health and financial aid to the rural population of India who do not have any access to healthcare and medicine.

Detailed explanation-4: -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.

There is 1 question to complete.