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    Question

    Which is correct about Pradhan Mantri Jeevan Jyoti Bima

    Yojana (PMJJBY)?
    A It provides accidental Insurance with a premium of Rs. 12 per year. Correct Answer Incorrect Answer
    B It provides double benefit of health and life insurance of upto Rs. 2 lakh with a premium of Rs. 342 per year Correct Answer Incorrect Answer
    C It provides life insurance of Rs. 2 lakh with a premium of Rs. 330 per year Correct Answer Incorrect Answer
    D It provides unemployment benefits to rural youths. Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    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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