10 lines about Pradhan Mantri Jeevan Jyothi Bima Yojna (PMJJBY)
Home
/
Social Sciences
/
10 lines about Pradhan Mantri Jeevan Jyothi Bima Yojna (PMJJBY)
10 lines about Pradhan Mantri Jeevan Jyothi Bima Yojna (PMJJBY)
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
1) The Pradhan Mantri Jeevan Jyoti Beema Yojana is abbreviated as PMJJBY.
2) It was proposed by then Union Finance Minister Arun Jaitley.
3) The scheme was issued through the banks of India.
4) A person can easily exit from the scheme anytime and also can easily re-enter.
5) On the death of the scheme holder, his family members will get a sum of Rs. 2 lakh.
6) The premium deducts from the account of the holder itself.
7) Only the people who are not suffering from any chronic disease can avail this scheme.
8) A person with multiple bank accounts can have this scheme through his only one bank account.
9) The premium will be deducted from the account of the beneficiary before or on 31st May of every year.
10) Under this scheme, the insurance companies are bound to release the amount within one month of receipt of the bank released.
Explanation:
hope it helps u
Mark me as brainliest