Explanation:

- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme in India.

- The scheme is available to all bank account holders aged 18 to 50 years.

- The annual premium for the cover is affordable and deducted from the subscriber's bank account.

- The objective is to provide life insurance cover for cases of death due to any reason.

Correct Option: Rs2 Lakh

- The life cover amount under PMJJBY is ?2 lakh.

- Option 1: Rs3 Lakh - This is not the correct life cover as per PMJJBY.

- Option 3: Rs5 Lakh - This offer is not available under PMJJBY.

- Option 4: Rs4 Lakh - This value is incorrect for the scheme.

Rs2 Lakh