Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed Life insurance scheme in India. It was originally mentioned in the year 2015 Budget speech by Finance Minister Arun Jaitley in February 2015. What is the Maximum age limit to enroll in this scheme?
Correct Answer :
50 years
Solution :
The correct answer is 50 years.
Explanation:
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme in India. It is available to people in the age group of 18 to 50 years who have a bank account and consent to join/enable auto-debit.
Therefore, the maximum age limit to enroll in this scheme is 50 years. However, the life cover under the scheme continues up to the age of 55 years, provided the premium is paid regularly.
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