BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IFLIC
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SBI Life
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NIC
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HDFC
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Detailed explanation-1: -Insurer: From 01.06. 2022 onwards all the PMSBY enrollments and claims will go to United India Insurance Company Limited.
Detailed explanation-2: -You can renew PMSBY by enabling the auto-debit facility. This way the premium will be automatically debited from your bank account and the policy shall be renewed. The scheme can be renewed on an annual basis. The policy duration is between June 1 to May 31.
Detailed explanation-3: -The risk coverage under the scheme isRs.2 lakh for accidental death and full disability and Rs. 1 lakh for partial disability. The premium of Rs. 20 per annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in one installment.
Detailed explanation-4: -All individual (single or joint) account holders of participating banks / Post office, in the age group of 18 to 70 years are entitled to join.