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    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.
    A I and III only Correct Answer Incorrect Answer
    B I and II only Correct Answer Incorrect Answer
    C II and III only Correct Answer Incorrect Answer
    D All are correct Correct Answer Incorrect Answer

    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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