PMSBY is open to all citizens of India who have a savings bank account. The minimum age of joining PMSBY is.....years and maximum age is.....years.

BANKING GENERAL KNOWLEDGE

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

PMSBY is open to all citizens of India who have a savings bank account. The minimum age of joining PMSBY is____years and maximum age is____years.

A	18 years, 40 years
B	18 years, 50 years
C	18 years, 80 years
D	18 years, 70 years

Explanation:

Detailed explanation-1: -The Scheme is available to people in the age group 18 to 70 years with a bank account who give their consent to join / enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis.

Detailed explanation-2: -The scheme is available for individuals between the age of 18 and 70 years with bank accounts and the premium for the scheme will be deducted from the savings account of the insured.

Detailed explanation-3: -PMSBY is an Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. It would be a one-year cover, renewable from year to year.

Detailed explanation-4: -Pradhan Mantri Suraksha Bima Yojana provides life coverage of Rs. 2 lakhs for the accidental demise and permanent total disability and Rs. 1 lakh for permanent partial disability.

Detailed explanation-5: -The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to join / enable auto-debit. Aadhar would be the primary KYC for the bank account. The life cover of Rs. 2 lakhs shall be for the one year period stretching from 1st June to 31st May and will be renewable.

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