Recently PMJJBY has completed seven years of its launch.

Solution

On 09 May 2022 PMJJBY completed seven years of its launch. This Scheme was launched on 09 may 2015 along with two other schemes namely PradhanMantri Suraksha Bima Yojana and Atal Pension Yojana. PMJJBY stands for: PradhanMantri Jeevan Jyoti Bima Yojana. PMJJBY is a life insurance scheme that offers coverage for death due to any reason.Any individual in the age group of 18-50 years having a savings bank or a post office account are eligible to enroll under the scheme.It provides life insurance cover of Rs 2 lakh against a premium of Rs 330 per annum.