Under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), the yearly premium for life cover of ₹2 lakh is:
- A₹330
- B₹436
- C₹1,000
- D₹20
Show answer and explanation
Correct answer: (b) ₹436
Explanation
PMJJBY costs ₹436 a year for people aged 18–50. PMSBY, PMJJBY and the Atal Pension Yojana were all launched on 9 May 2015.