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    Question

    How is the PMSBY premium collected from

    beneficiaries?
    A One-time payment at the beginning of the policy Correct Answer Incorrect Answer
    B Monthly deduction from salary for employees Correct Answer Incorrect Answer
    C Annual deduction from the bank account through auto-debit Correct Answer Incorrect Answer
    D Cash payment at designated insurance offices Correct Answer Incorrect Answer
    E Payment through online platforms only Correct Answer Incorrect Answer

    Solution

    The PMSBY premium is collected through an annual deduction from the beneficiary’s bank account via auto-debit.

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