Upper age limit for PMJJBY
Q. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a renewable insurance scheme. The upper age limit for this scheme is _______?- Published on 17 Feb 17
a. 55 years
b. 50 years
c. 60 years
d. 65 years
ANSWER: 50 years
Eligibility : Bank account holders aged between 18 and 50 years are eligible to apply for this scheme.
Cost : Less than Re. 1 a day or an annual premium of Rs. 330 is what you need to pay to get a life cover of Rs. 2 lacs.
Period : June 1st, 2015 to May 31st, 2016 is the period for which this scheme will cover all kind of risks to your life in the first year of operation.
Next year onwards as well, the risk cover period will remain June 1 to May 31.