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      Question

      Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, risk

      coverage of -------------- is credited to the savings bank account of the holder in case of the death of the insured.
      A ₹2 lakh Correct Answer Incorrect Answer
      B ₹3.5 lakh Correct Answer Incorrect Answer
      C ₹2.2 lakh Correct Answer Incorrect Answer
      D ₹3 lakh Correct Answer Incorrect Answer
      E ₹5 lakh Correct Answer Incorrect Answer

      Solution

      The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) provides a life insurance cover of ₹2 Lakh to the nominee upon the death of the insured, regardless of the cause. The scheme, designed for 18–50 year olds with a savings bank account, requires an annual premium of ₹436, which is auto-debited

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