New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    With respect to Pradhan Mantri Jeevan Jyoti Bima Yojana

    (PMJJBY), a person can join PMJJBY with one Insurance company with ________ bank account.
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Date of Launching      9th May 2015 PM Jeevan Jyoti Bima Yojana was established to provide life insurance security to the poor and low-income section of the society. This scheme can be availed by people aged between 18 years to 50 years. They must have a bank account to be eligible for Pradhan Mantri Jeevan Jyoti Bima Yojana. Anyone who joins the scheme before completing of 50 years, will have the risk of life cover up to the age of 55 years subject to payment of premium. In case of the death of the insured person, the next eligible beneficiary is provided with a death benefit including a death coverage of Rs. 2,00,000. Being a pure term insurance scheme, the Pradhan Mantri Jeevan Jyoti Yojana does not offer any maturity.

    Practice Next

    Relevant for Exams: