Consider the following statements:1. The Saral Jeevan Bima offers basic protection to people who are self-employed or belong to a lower income category.2. The Ministry of Health andamp; Family Welfare has mandated all life insurers to launch the Saral Jeevan Bima plans.3. The Saral Jeevan Bima contains no exclusions other than suicides.Which of the statements given above are not correct?a)1 onlyb)2 onlyc)3 onlyd)1 and 2 onlyCorrect answer is option 'B'. Can you explain this answer?

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Current Affairs Exam > Current Affairs Questions > Consider the following statements:1. The Sara...

Consider the following statements:

1. The Saral Jeevan Bima offers basic protection to people who are self-employed or belong to a lower income category.

2. The Ministry of Health & Family Welfare has mandated all life insurers to launch the Saral Jeevan Bima plans.

3. The Saral Jeevan Bima contains no exclusions other than suicides.

Which of the statements given above are not correct?

a)
1 only
b)
2 only
c)
3 only
d)
1 and 2 only

Correct answer is option 'B'. Can you explain this answer?

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Verified Answer

Consider the following statements:1. The Saral Jeevan Bima offers basi...

The Insurance Regulatory and Development Authority of India (IRDAI) in October 2020 had mandated all life insurers to launch the Saral Jeevan Bima plans from 1st January 2021. Hence, statement 2 is not correct.
- IRDAI is an autonomous body under the jurisdiction of the Ministry of Finance.
Saral Jeevan Bima is a regulator-mandated standard term life insurance plan offering basic protection to people who are self-employed or belong to a lower income category. Hence, statement 1 is correct.
- It is a pure term life insurance product that can be purchased by people in the age group of 18 to 65 years and will have a policy term of 5 to 40 years.
It provides for payment of sum assured in lump sum to the nominee in case of the life assured’s unfortunate death during the policy term.
There are no exclusions, other than suicides. Hence, statement 3 is correct.

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Consider the following statements:1. The Saral Jeevan Bima offers basi...

The Insurance Regulatory and Development Authority of India (IRDAI) in October 2020 had mandated all life insurers to launch the Saral Jeevan Bima plans from 1st January 2021. Hence, statement 2 is not correct.
- IRDAI is an autonomous body under the jurisdiction of the Ministry of Finance.
Saral Jeevan Bima is a regulator-mandated standard term life insurance plan offering basic protection to people who are self-employed or belong to a lower income category. Hence, statement 1 is correct.
- It is a pure term life insurance product that can be purchased by people in the age group of 18 to 65 years and will have a policy term of 5 to 40 years.
It provides for payment of sum assured in lump sum to the nominee in case of the life assured’s unfortunate death during the policy term.
There are no exclusions, other than suicides. Hence, statement 3 is correct.

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Consider the following statements:1. The Saral Jeevan Bima offers basic protection to people who are self-employed or belong to a lower income category.2. The Ministry of Health & Family Welfare has mandated all life insurers to launch the Saral Jeevan Bima plans.3. The Saral Jeevan Bima contains no exclusions other than suicides.Which of the statements given above are not correct?a)1 onlyb)2 onlyc)3 onlyd)1 and 2 onlyCorrect answer is option 'B'. Can you explain this answer?

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Consider the following statements:1. The Saral Jeevan Bima offers basic protection to people who are self-employed or belong to a lower income category.2. The Ministry of Health & Family Welfare has mandated all life insurers to launch the Saral Jeevan Bima plans.3. The Saral Jeevan Bima contains no exclusions other than suicides.Which of the statements given above are not correct?a)1 onlyb)2 onlyc)3 onlyd)1 and 2 onlyCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. The Saral Jeevan Bima offers basic protection to people who are self-employed or belong to a lower income category.2. The Ministry of Health & Family Welfare has mandated all life insurers to launch the Saral Jeevan Bima plans.3. The Saral Jeevan Bima contains no exclusions other than suicides.Which of the statements given above are not correct?a)1 onlyb)2 onlyc)3 onlyd)1 and 2 onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. The Saral Jeevan Bima offers basic protection to people who are self-employed or belong to a lower income category.2. The Ministry of Health & Family Welfare has mandated all life insurers to launch the Saral Jeevan Bima plans.3. The Saral Jeevan Bima contains no exclusions other than suicides.Which of the statements given above are not correct?a)1 onlyb)2 onlyc)3 onlyd)1 and 2 onlyCorrect answer is option 'B'. Can you explain this answer?.

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