Question
Which is correct about Pradhan Mantri Jeevan Jyoti Bima
Yojana (PMJJBY)?Solution
Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people aged between 18 and 50 years and who 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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