Multiple choice

With reference to “Aam Admi Bima Yojana”, consider the following statements:

  1. The member insured under the scheme must be the head of the family or an earning member of the family in a rural landless household.
  2. The member insured must be in the age group of 30 to 65 years.
  3. There is a provision for free scholarship for up to two children of the insture who are studying between classes 9 and 12.

Which of the statements given above is/ correct?

  1. 1 only

  2. 2 and 3 only

  3. 1 and 3 only

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Union Cabinet gave its approval for launching of Aam Admi Bima Yojana (AABY), from 2nd October 2007, covering the death and permanent disability for the benefit of rural landless households.

The scheme provides for insurance of head of the family or an earning member of the family of rural landless household between the age of 18 to 59 years against natural death as well as accidental death and partial/permanent disability. Two children of the beneficiaries studying in 9th to 12th Standard will get Rs. 300/- per quarter per child.

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