Question

    What happens to the Atal Pension Yojana (APY) benefits

    if both the subscriber and their spouse pass away?
    A The remaining pension amount is transferred to the government Correct Answer Incorrect Answer
    B The pension is continued for the children of the subscriber Correct Answer Incorrect Answer
    C The entire pension corpus is paid to the nominee Correct Answer Incorrect Answer
    D The contributions made by the subscriber are refunded without interest Correct Answer Incorrect Answer
    E The pension benefits cease immediately Correct Answer Incorrect Answer

    Solution

    In the event of the death of both the subscriber and their spouse, the entire pension corpus accumulated under the Atal Pension Yojana is paid to the nominee designated by the subscriber, ensuring financial security for the nominee.

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