Banking · Government Insurance Schemes
Under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) guidelines, which of the following operational statements are correct? 1. Mandatory linking of the bank account with Aadhaar for enrollment. 2. A 30-day lien period applies for deaths due to natural causes. 3. Maximum age for entry into the scheme is 50 years. 4. The annual premium is fixed at 436 rupees. 5. Annual renewal happens on 1st June every year. 6. Claim settlement must be completed within 15 days of document submission to the bank. 7. Risk coverage is worldwide regardless of the location of death.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3, 4, 5, 6, 7
- 21, 4, 5, 6 only
- 32, 3, 4, 5, 7 only✓
- 41, 2, 3, 4, 5 only
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2, 3, 4, 5, 7 only
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