Consider the following statements regarding “Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY)”: 1. It is available to people in the age group of 18 to 60 years. 2. It provides risk coverage of 2 lakh in case of death of the insured, due to any reason. Which of the statements given above is/are correct?

Q. Consider the following statements regarding “Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY)”:
1.It is available to people in the age group of 18 to 60 years.
2.It provides risk coverage of 2 lakh in case of death of the insured, due to any reason.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanation: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY is available to people in the age group of 18 to 50 years and provides risk coverage of `2 lakh in case of death of the insured, due to any reason, at an annual premium of `436/. As on 11 January 2023, 14.96 crore persons have been enrolled cumulatively and 6,39,032 claims have been paid under PMJJY.

Source: Economic Survey 2023

About ForumIAS

Guides by ForumIAS