Pradhan Mantri Suraksha Bima Yojana Launched in 2015 People in the age group 18 to 70 years with a bank account who give their consent to join / enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis. Aadhar would be the primary KYC for the bank account In the case of a joint account, all holders of the account can join the scheme. Even NRIs are eligible, but if a claim arises, the claim benefit will be paid to the beneficiary/nominee only in Indian currency. Features The risk coverage under the scheme is Rs.2 lakh for accidental death and permanent total disability and Rs. 1 lakh for partial disability. The premium of Rs. 20 per annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in one installment. The scheme is being offered by Public Sector General Insurance Companies or any other General Insurance Company who are willing to offer the product on similar terms The cover will be in addition to any other insurance plan the subscriber has. The scheme is not a Mediclaim, that is, there is no provision for reimbursement of hospitalisation expenses following accident, resulting in death or disability. Accidents, any death or disability (as defined under PMSBY) resulting from natural calamities is covered under PMSBY. Death due to suicide is not covered
The difference between compound and simple interest on a sum of money for 2 years at 25% per annum is Rs. 880. The sum is:
Soham invested Rs. 32,000 partly in schemes ‘I’ and ‘J’ for 4 years and 6 years, respectively. Scheme ‘I’ offers simple interest at 18% per ...
The interest earned when a sum is invested at simple interest of 16% p.a., for 3 years, is Rs. 2400. What will be the total amount received after 2 year...
A man deposited Rs. 10000 at 10% compound interest, compounded annually while Rs. 8900 at 13% simple interest per annum. What will be the difference bet...
Find the compound Interest on Rs. 8,000 @15 % p.a for 2 years 4 month Compounded annually?
An individual invests Rs. 6,000 at a simple interest rate of 8% per annum. After 2 years, he adds Rs. 1,800 to the investment, and the total amount is k...
The time required for a sum of money to amount to five times itself at 16% simple interest p.a. will be
If the difference between the simple interest and compound interest, compounded annually, received on a principal amount of Rs. 25000 at an interest rat...
Mr. X invested Rs. 700 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 5% per annum an...
Rohit invested Rs. 3000 in scheme 'C' for 4 years and Rs. 4500 in scheme 'D' for 3 years. If the simple interest rate for both schemes is 15% per annum,...