Important Points for IC 83 - Group Insurance and Retirement Benefit Schemes Exam

Page 48 Of 49

Go to:

  • Pradhan Mantri Suraksha Bima Yojana (PMSBY), is a government social security scheme, an accidental Death and Disability insurance scheme.
  • PMSBY scheme offers a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident.
  • Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY) offers a one year cover, renewable from year to year. It is an insurance scheme that offers life insurance cover for death due to any reason.
  • PMJJY scheme is offered/administered through LIC and other life insurance companies willing to offer the product on similar terms with necessary approvals and tie ups with Banks for this purpose.
  • Atal Pension Yojana is a social security scheme launched by the Government of India in the Insurance and Pension sectors for all Indians, specially for the poor and the under-privileged.

Group Insurance

Copyright 2025 - MODELEXAM MODELEXAM®