CURRENT AFFAIRS

Detailed explanation-1: -The premium rate of PMJJBY has been revised upward to Rs 1.25 per day, with an increase from Rs 330 to Rs 436 annually. The annual premium for PMSBY has been hiked from Rs 12 to Rs 20. The new premium rates are effective from June 1, 2022.

Detailed explanation-2: -Risk coverage under this scheme is for Rs. 2 Lakh in case of death of the insured, due to any reason. The premium is Rs. 436 per annum which is to be auto-debited in one installment f rom the subscriber’s bank account as per the option given by him on or before 31st May of each annual coverage period under the scheme.

Detailed explanation-3: -The annual premium rate for PMJJBY has been increased to Rs 1.25 per day. This premium, which was earlier Rs 330 annually, will now increase to Rs 436. Apart from this, the annual premium for PMSBY has been increased from Rs 12 to Rs 20. These new premium rates will be effective from June 1, 2022.

Detailed explanation-4: -Aadhar would be the primary KYC for the bank account. 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-5: -Pradhan Mantri Suraksha Bima Yojana (PMSBY) Scheme 12/- per annum, this policy is most beneficial to the poor and low-income section of the society.