General Knowledge · Government Schemes
Under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), if a new member enrolls in the scheme and passes away due to sudden cardiac arrest 20 days after the risk commencement date, what is the status of the claim settlement?
- 1The claim will be partially paid at 50% of the sum insured as a grace settlement under the revised scheme rules.
- 2The claim will be rejected because the premium must be paid exclusively on 31st May to keep the policy active.
- 3The claim will be accepted in full because the 30-day lien period does not apply to non-communicable health conditions.
- 4The claim will be rejected because the death occurred within the 30-day lien period from enrollment, and cardiac arrest is not an accident.✓
Correct answer
The claim will be rejected because the death occurred within the 30-day lien period from enrollment, and cardiac arrest is not an accident.
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