Pradhan Mantri Suraksha Bima Yojana:

  1. covers all savings bank account holders in the age 18 to 70 years
  2. provides cover for five years, renewable after every five years

Which of the above statements is/are correct?

Answer: [A] Only 1

Second statement is incorrect because the scheme will be a one year cover, renewable from year to year.

This question is a part of GKToday's Integrated IAS General Studies Module