Question

 

Select any two Government Sponsored Socially Oriented Insurance Schemes and discuss the salient features of those schemes.

03 Mar 2025
Answer :
Word Count : 624

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)  

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-sponsored life insurance scheme launched in 2015 to provide financial security to individuals, especially those from the economically weaker sections. The scheme aims to offer affordable life insurance coverage to a large segment of the population, ensuring social security in case of the policyholder's untimely death.  

The key features of PMJJBY include:  

1. Eligibility: The scheme is available for individuals aged between 18 and 50 years who have a savings bank account in a participating bank. The insurance coverage ceases when the insured person reaches _________ _____ ___ ______ ___.
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