Economy : Insurance & Social Security

Q 5 / 5

UPSC CSE Prelims 2011

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 ?

EXPLANATION

Correct Option

The Aam Admi Bima Yojana (AABY) was a social security scheme aimed at providing insurance cover to landless rural households.

  • Statement 1 is correct: The scheme specifically covered the head of the family or an earning member of a rural landless household.
  • Statement 3 is correct: AABY included a scholarship benefit for up to two children of the insured. These children were eligible if they were studying in classes 9 to 12.

Incorrect Options

  • Statement 2 is incorrect: The eligibility age for the insured member under the Aam Admi Bima Yojana was 18 to 59 years, not 30 to 65 years.
  • Option (a) is incorrect as it excludes statement 3, which is a correct provision of the scheme.
  • Option (b) is incorrect because it includes statement 2, which contains an inaccurate age criterion.
  • Option (d) is incorrect as it asserts all statements are correct, whereas statement 2 is factually incorrect.
SOURCEIndia Year Book 2011, Chapter: Social Welfare Schemes