Question
Which is correct about Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJB
- Y ?
Solution
Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people aged between 18 and 50 years and have bank accounts. It has an annual premium of ₹330 with service tax exemption. The amount will be automatically debited from the bank account. In case of death due to any cause, the payment to the nominee will be ₹2 lakh. This scheme is linked to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme.
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