Consider the following statements about a scheme launched by the Government of India: It was launched to provide social security during old age and to protect elderly persons aged 60 years and above against a future fall in their interest income due to un

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Q: (CDS-I/2019)
Consider the following statements about a scheme launched by the Government of India: It was launched to provide social security during old age and to protect elderly persons aged 60 years and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through provision of assured pension / return linked to the subscription amount based on government guarantee to Life Insurance Corporation of India (LICI). Identify the scheme.
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question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,57,48,18,57,11,19

keywords: 

{'assured pension': [0, 0, 0, 1], 'old age income security': [0, 0, 0, 1], 'pradhan mantri swasthya suraksha yojana': [0, 0, 0, 1], 'social security': [0, 0, 0, 1], 'pradhan mantri vaya vandana yojana': [0, 0, 0, 1], 'rashtriya vayoshri yojana': [0, 0, 0, 1], 'life insurance corporation': [0, 0, 4, 1], 'elderly persons': [0, 0, 0, 1], 'senior citizens': [0, 0, 2, 4], 'government guarantee': [0, 0, 0, 1], 'scheme': [0, 0, 1, 0], 'provision': [5, 0, 10, 23], 'old age': [0, 0, 0, 1], 'liveability index programme': [0, 0, 0, 1], 'interest income': [0, 0, 0, 1], 'government': [5, 0, 0, 1], 'subscription amount': [0, 0, 0, 1], 'india': [8, 1, 7, 13]}