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Pradhan Mantri Jeevan Yojana offers a pr...

Pradhan Mantri Jeevan Yojana offers a protection term insurance cover of____ to the insurer.

A

5 lakh

B

2 lakh

C

8 lakh

D

4 lakh

Text Solution

Verified by Experts

The correct Answer is:
B
Explanation: PMJJBY is a pure term insurance policy which covers only mortality with no investment component and has a life cover of Rs. 2 lakh. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year life insurance scheme, renewable from year to year, offering coverage for death.
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