The risk coverage on accidental death in the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is ________________ (As of July 2022).

Correct option is D

The correct answer is (d) ₹2 lakh​

• Accidental Death Risk Coverage:In case of accidental death, the scheme offers a coverage of ₹2 lakh.
• Permanent Total Disability:If the policyholder suffers from permanent total disability due to an accident, the coverage amount is also ₹2 lakh.
• Permanent Partial Disability:For permanent partial disability, the coverage amount is ₹1 lakh.
• Premium:The scheme charges a very low premium of ₹12 per year, making it accessible to a large population.
• Eligibility:The scheme is available to Indian citizens between the ages of 18 and 70 years.It is primarily aimed at providing financial security to people in case of accidental death or disability.
• Enrollment and Renewal:Individuals can enroll through banks that participate in the scheme.The policy is renewed automatically every year unless the policyholder opts out.