The correct answer is (c). Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accident insurance scheme that provides a death or disability benefit of Rs. 2 lakh in case of an unfortunate accident. It is open to all Indian citizens between the ages of 18 and 50 years, and the premium payable is Rs. 12 per annum.
Option (a) is true. PMSBY is a personal accident cover. It provides a death or disability benefit in case of an unfortunate accident.
Option (b) is true. PMSBY is open to anyone between the age of 18 and 50 years. The premium payable is Rs. 12 per annum.
Option (c) is false. PMSBY is not open to anyone between the age of 18 and 70 years. It is open to all Indian citizens between the ages of 18 and 50 years.