Type of Insurance policy under PMJDY

Q.  _______ Life insurance policy is provided under PMJJBY?
- Published on 13 Feb 17

a. Whole life
b. Term insurance
c. Unit linked insurance plan
d. Endowment plan

ANSWER: Term insurance
 
Term insurance

What it offers : A pure protection term insurance cover which pays Rs 2 lakh to dependents in the event of the policyholder's death.

Cost : Premium of Rs 330 a year.

Eligibility : Anybody in the age band of 18-70 years who has a savings account in a bank that offers this scheme.

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    Discussion

  • krishna prathap    -Posted on 30 Jul 18
    Anybody in the age band of 18-70 years who has a savings account in a bank that offers this scheme.
    age band is wrong
    correct one is 18-50 years
    Pradhan Mantri Suraksha Bima Yojana (PMSBY) is 18-70 years

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