2016 · Q55
Consider the following statements regarding the Pradhan Mantri Jeevan Jyoti Bima Yojana:
- 1It is applicable to all adults above the age group of 18 years.
- 2The premium is deducted from the account holder’s bank account through ‘auto debit facility.’
- 3The life insurance worth is decided by the account holder and he has to pay the annual premium accordingly.
- 4The life insurance amount is given to the family after the death of the subscriber.
Which of the above statements the correct?
Social Security in IndiaUnorganised sector schemes
- A1 and 3 only
- B1 and 4 only
- C2 and 4 only
- D2 and 3 only
Explanation
PMJJBY is a life-insurance scheme — ₹2 lakh cover with the premium auto-debited yearly from the bank account (2 is correct) — and the sum is paid to the family on the subscriber’s death (4 is correct). But it is open only to ages 18–50, not “all adults above 18” (1 is false), and the cover is fixed at ₹2 lakh, not chosen by the holder (3 is false). Hence 2 and 4 — option (C).