Question
With reference to the PMJJBY, consider the following
statements: 1.Ā Ā Ā Age group of 18 to 50 and having a bank account. 2.Ā Ā Ā Voter ID Card would be the primary KYC for the bank account. 3.Ā Ā Ā The life cover of Rs. 2 lakhs shall be for the one year period.Ā Ā Ā Ā Which of the statements given above is/are correct?Solution
The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to join / enable auto-debit. Aadhar would be the primary KYC for the bank account. The life cover of Rs. 2 lakhs shall be for the one year period stretching from 1st June to 31st May and will be renewable.
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