Question
Which of the following are correct regarding PM Jeevan
jyoti bima yojana? I. The scheme is available to all savings bank account holders between the ages of 18 and 50 years. II. The scheme provides life insurance cover of Rs. 5 lakhs in case of the death of the insured person III. The premium for the scheme is Rs. 436 per annum. The premium is deducted from the savings bank account of the insured person on an annual basis.Solution
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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