With reference to "Aam Admi Bima Yojana", consider the following statements:
1) The member insured under the s

Question

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 insured who are studying between classes 9 and 12.
Which of the statements given above is/are correct?

Accepted Answer

The Aam Aadmi Bima Yojana was designed to provide life insurance cover to landless households. Statement 1 is correct as it targets the head or an earning member of such households. Statement 3 is also correct, as the scheme includes provisions for educational support for the children of the insured. However, the age criteria specified in statement 2 (30-65 years) is incorrect; the scheme's age limit was 18 to 59 years at the time of its inception and later revised.