Question
What is the annual premium amount (Revised from
1st June 2022) under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?Solution
PMJJBY scheme was launched by the government to provide life insurance cover to the citizens of the country. The premium is Rs. 436 per annum which is to be auto-debited in one installment from the subscriber’s bank account as per the option given by him on or before 31st May of each annual coverage period under the scheme. The scheme is for citizens within the age group of 18-50 years in India.
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