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
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.