Which of the following schemes is available to people in the age group of 18 to 50 years and provides risk coverage of Rs. 2 lakh in case of death of the insured, due to any reason, at an annual premium of %436?

Correct option is A

The correct answer is (a) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
 PMJJBY is a life insurance scheme available to individuals in the age group of 18 to 50 years.
 It provides a risk coverage of ₹2 lakh in case of death of the insured, due to any reason.
 The annual premium for this scheme is ₹436.
 The scheme is aimed at increasing the penetration of life insurance coverage among the underprivileged and economically weaker sections of society.
Information Booster:
Pradhan Mantri Suraksha Bima Yojana (PMSBY):
 An accident insurance scheme offering coverage for accidental death and disability.
 Available to people in the age group of 18 to 70 years.
 Annual premium of ₹12.
 Provides ₹2 lakh for accidental death and full disability, and ₹1 lakh for partial disability.
Pradhan Mantri Shram Yogi Maan-Dhan Yojana (PM-SYM):
 A pension scheme for unorganized workers aged between 18 and 40 years.
 Ensures a minimum pension of ₹3,000 per month after the age of 60.
 Contribution varies based on age at the time of joining the scheme.
Pradhan Mantri Vaya Vandana Yojana (PMVVY):
 A pension scheme for senior citizens aged 60 years and above.
 Provides an assured return of 8% per annum for 10 years.
 Allows for a maximum purchase price of ₹15 lakh per senior citizen.