Jan Suraksha Scheme

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Jan Suraksha Scheme

by Postal Examination Preparation

Email *

12.The assurance on the life of the member shall terminate / be restricted accordingly on which events for PMJJBY: *

2 points

A.On attaining age 55 years (age near birth day), subject to annual renewal up to that date (entry, however, will not be possible beyond the age of 50 years).

B.Closure of account with the Bank or insufficiency of balance to keep the insurance in force.

C.In case a member is covered through more than one account and premium is received by LIC / insurance company inadvertently, insurance cover will be restricted to Rs. 2 Lakh and the premium shall be liable to be forfeited.

All of the above`

4.PMJJBY launched on *

2 points

A.01.06.2015

B.01.09.2015

C.07.09.2015

01.07.2016

3.PMSBY launched on *

2 points

A.01.06.2015

B.01.09.2015

C.07.09.2015

01.07.2016

8.The scheme PMJJBY would be offered/administered through *

2 points

a)NIC

b)LIC

c)PSGIC

DOP

2.Which is not a Jan Suraksha Scheme provided by DOP *

2 points

A.PMSBY

B.PMJJBY

C.APY

PMRGSY

9.What would be the benefits under the scheme PMJJBY *

2 points

a)Rs.2 lakhs is payable on a subscriber’s death due to any reason

b)Rs.1 lakhs is payable on a subscriber’s One Leg damaged in accident

c)Rs.2 lakhs is payable on a subscriber’s Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot

All of the above

14.How would the premium be appropriated in case of PMJJBY? *

2 points

1)Insurance Premium to LIC /other insurance company: Rs.289/- per annum per member;

2)Reimbursement of Expenses to BC/Micro/Corporate/Agent : Rs.30/- per annum per member;

3)Reimbursement of Administrative expenses to participating Bank: Rs.11/- per annum per member.

All of the above

7.PMJJBY is an Insurance Scheme offering life insurance cover for death due to *

2 points

a)Any reason

b)Accident

c)Suicide

All of the above

15.Premium of PMJJBY is *

2 points

a)Rs. 12 per year

b)Rs. 330 per year

c)Rs. 27.50 per month

Both b and c

13. What will be the role of the insurance company and the Bank for PMJJBY? *

2 points

i)The scheme will be administered by LIC or any other Life Insurance company which is willing to offer such a product in partnership with a bank / banks.

ii)It will be the responsibility of the participating bank to recover the appropriate annual premium in one installment, as per the option, from the account holders on or before the due date through ‘auto-debit’ process and transfer the amount due to the insurance company.

iii)Enrollment form / Auto-debit authorization / Consent cum Declaration form in the prescribed proforma, as required, shall be obtained and retained by the participating bank. In case of claim, LIC / insurance company may seek submission of the same. LIC / Insurance Company also reserve the right to call for these documents at any point of time.

Iv) All of the above

11.Who would be the Master policy holder for the scheme PMJJBY? *

2 points

A)Participating Banks

B)Insurance offered company I.e. LIC

C)The insured person

None of them

10.Mark correct regarding PMJJBY. *

2 points

a)All savings bank account holders in the age 18 to 50 years in participating banks will be entitled to join

B)In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only.

C)Aadhar would be the primary KYC for the bank account.

All of the above

5.APY Launched on *

2 points

a)01.06.2015

b)01.09.2015

c)07.09.2015

01.12.2015

1.How many Jan Suraksha Schemes provided by DOP? *

2 points

A.1

B.2

C.3

6.The Insurance cover under PMJJBY is for *

2 points

a)1 year

b)3 year

c)5 year

Till 70 age of insurant

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