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    Question

    With reference to the PMJJBY, consider the following

    statements: 1.    Age group of 18 to 50 and having a bank account. 2.    Voter ID Card would be the primary KYC for the bank account. 3.    The life cover of Rs. 2 lakhs shall be for the one year period.     Which of the statements given above is/are correct?
    A 1 and 2 Correct Answer Incorrect Answer
    B 1 and 3 Correct Answer Incorrect Answer
    C 2 and 3 Correct Answer Incorrect Answer
    D All of these Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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