The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) of the Government of India is available to people in the age group of ______ having a bank account who give their consent to join/enable auto-debit.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 18 to 50 years
Under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), individuals aged between 18 and 50 years with a bank account can enroll in the scheme by giving consent for auto-debit. The scheme offers a life cover of ₹2 lakh in case of the death of the insured, with an annual premium of ₹436. Once enrolled, the risk cover continues up to the age of 55 years, provided the premium is paid regularly.