GENERAL KNOWLEDGE

GK

GOVT SCHEMES POLICIES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Under PMSBY Scheme, the insurance cover shall be for the one year period stretching from
A
1 January to 31st December
B
1st April to 31st March
C
1st June to 31st May
D
1st July to 30 June
Explanation: 

Detailed explanation-1: -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.

Detailed explanation-2: -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-3: -Scheme: PMSBY is a one-year accidental insurance scheme renewable from year to year offering coverage for death or disability due to accident. Eligibility: Individuals in the age group of 18-70 years having a savings bank or a post office account are entitled to enroll under the scheme.

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