Question

    The Atal Pension Yojana (APY) is a government-backed

    pension scheme primarily targeted at unorganized sector workers. What unique feature of APY ensures financial security for the subscriber’s spouse?
    A The pension amount doubles after the subscriber's death. Correct Answer Incorrect Answer
    B The same pension amount is transferred to the spouse after the subscriber's death, and the corpus is given to the nominee after the spouse’s death. Correct Answer Incorrect Answer
    C The spouse receives a lump-sum payment upon the subscriber's death, but the pension stops. Correct Answer Incorrect Answer
    D The pension scheme offers market-linked returns for the spouse. Correct Answer Incorrect Answer
    E The spouse is required to reapply for the pension under a separate scheme. Correct Answer Incorrect Answer

    Solution

    APY provides continued financial security by offering the same pension amount to the spouse, ensuring the spouse's financial needs are met after the subscriber’s death, followed by a corpus refund to the nominee.

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