With reference to the twin financial social security insurance initiatives of the Governme… — State PSC Exam

With reference to the twin financial social security insurance initiatives of the Government of India—the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY)—which of the following statements are correct?

Pradhan Mantri Jeevan Jyoti Bima Yojana offers a renewable one-year term life insurance cover of $₹2\text{ lakh}$ for death due to any cause to bank account holders in the age group of $18\text{ to }50\text{ years}$ .Cevap
B
Pradhan Mantri Suraksha Bima Yojana provides accidental death and total permanent disability coverage of $₹5\text{ lakh}$ to savings bank account holders in the age bracket of $18\text{ to }70\text{ years}$ .
Both PMJJBY and PMSBY are administered through participating commercial and regional rural banks in tie-up with Life Insurance Corporation and general insurance companies respectively.Cevap
D
The annual premium payments for both PMJJBY and PMSBY are fully funded by the Central Government under the National Social Security Fund without subscriber contributions.

Cevap

The correct statements are the one describing PMJJBY providing

₹2\text{ lakh}

term life cover for death due to any cause for individuals aged

18\text{ to }50\text{ years}

, and the one detailing that both schemes are implemented via participating banks in tie-ups with insurance providers.

The correct options accurately identify that PMJJBY offers

₹2\text{ lakh}

life cover for any cause of death to individuals aged

18\text{ to }50\text{ years}

, and that institutional implementation of both schemes relies on commercial/regional rural banks partnering with life and general insurance companies.

Adım Adım Çözüm

Evaluate the statement regarding PMJJBY parameters (coverage amount, age group, and cause of death).

PMJJBY covers death due to any cause with a sum assured of

₹2\text{ lakh}

for subscribers aged

18\text{ to }50\text{ years}

. Thus, this statement is factually accurate.

Verifying structural parameters of Central life insurance social security programs.

Evaluate the statement regarding PMSBY coverage quantum and age limits.

PMSBY covers accidental death and total permanent disability up to

₹2\text{ lakh}

(not

₹5\text{ lakh}

) for account holders aged

18\text{ to }70\text{ years}

. Thus, this statement contains an incorrect payout threshold.

Identifying precise benefit payouts under national accidental insurance policies.

Evaluate institutional delivery architecture and premium funding model.

Both schemes rely on bank account auto-debit ties with LIC/general insurers. Premium payments (

₹436

for PMJJBY and

₹20

for PMSBY) are subscriber-funded rather than fully government-subsidized.

Differentiating contributory micro-insurance models from fully state-funded welfare grants.

Anahtar Kavram

Micro-insurance architecture and eligibility parameters of PMJJBY and PMSBY social security schemes

Tahmini Süre:2m 0s

Soru

Cevap

Adım Adım Çözüm

Anahtar Kavram

Sık Yapılan Hatalar

Konular