How much insurance cover is available for accidental death under the Pradhan Mantri Suraksha Bima Yojana (PMSBY)?

Correct option is A

The correct answer is (a) ₹2 lakh.

Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), the insurance cover for accidental death is ₹2 lakh. This scheme offers affordable personal accident insurance to eligible Indian citizens.

Information Booster:

• Scheme Overview: Launched in 2015, PMSBY provides accidental death and disability coverage for a nominal annual premium.

• Eligibility: Available to Indian residents aged 18 to 70 years with a bank account.

• Premium and Coverage: The annual premium is ₹12, offering coverage of ₹2 lakh for accidental death and ₹1 lakh for permanent partial disability.