Question : For which purpose IPPB(India Post Payments Bank) has joined hands with PNB MetLife India Insurance Company Limited ?
(a)For launching of PMJJBY
(b)For launching of Pradhan Mantri Jan Dhan Yojana
(c)For launching of Atal Pension Yojana
(d)For launching of Atal Pension Yojana
Answer (a)
Related facts
- IPPB(India Post Payments Bank) has recently( joined hands with PNB MetLife India Insurance Company Limited.
- The partnership aims to launch PMJJBY(Pradhan Mantri Jeevan Jyoti Bima Yojana).
PMJJBY
- It is a Government sponsored socially oriented insurance scheme.
Key features of PMJJBY are :—
| Availability | Optional for all persons who have savings account with IPPB |
| Primary KYC | Aadhaar will be the primary KYC |
| Entry age | Min – 18 yrs (on the date of enrollment), Max- 50 yrs(Age near Birthday) |
| Maximum maturity age | Completion of 55 years (Age near Birthday) |
| Coverage terms | 1 year (renewable) – June 1 to May 31 each year |
| Sum assured | Maximum coverage of Rs. 2,00,000 per life irrespective of multiple accounts/multiple certificate of insurance held under the PMJJBY scheme. The cover of Rs 2 lakh comes at less than one rupee per day. |
| Premium | Rs. 330 |
| Premium payment mode | Annual. However, 1st year premium depends on the quarter in which scheme is opted. |
By – Pankaj Pandey