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