Consider the following statements about PM Jivan Jyoti Yojana 1 Jivan Jyoti Yojana is an accid...........

Economic Affairs Pension and Insurance

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Consider the following statements about PM Jivan Jyoti Yojana.

1. Jivan Jyoti Yojana is an accidental insurance scheme.

2. It has an annual premium of Rs 12.

Select the correct statements.

1 only

2 only

Both 1 &2

Neither 1 nor 2

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Explanation:

About OM jivan Jyoti Yojana : Launched on 9th May, 2015. These schemes are offered/administered through both public and private sector insurance companies, in tie up with scheduled commercial banks, regional rural banks and cooperative banks.
PMJJBY: It offers a renewable one-year term life cover of Rupees Two Lakh to all account holders in the age group of 18 to 50 years, covering death due to any reason, for a premium of Rs. 330/- per annum per subscriber, to be auto debited from subscriber’s bank account.