Bharti Axa Life Insurance and.....entered into an alliance to offer the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a government-backed life insurance scheme.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Bharti Axa Life Insurance and____entered into an alliance to offer the ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY), a government-backed life insurance scheme.

A	ICICI Bank
B	Airtel Payments Bank
C	State Bank of India
D	HDFC Bank

Explanation:

Detailed explanation-1: -The life cover of Rs. 2 lakhs shall be for the one year period stretching from 1st June to 31st May and will be renewable. Risk coverage under this scheme is for Rs. 2 Lakh in case of death of the insured, due to any reason.

Detailed explanation-2: -PMJJBY, PMSBY and APY were launched by Prime Minister Shri Narendra Modi on 9th May, 2015 from Kolkata, West Bengal. These three social security schemes are dedicated to the welfare of the citizens, recognising the need for securing human life from unforeseen risks/losses and financial uncertainties.

Detailed explanation-3: -It covers all possible life risks. If the policyholder dies due to any reason, the death benefits are released to the beneficiaries of the policy. The coverage begins 45 days after the enrolment date. However, the sum assured amount will be paid in case of death due to an accident within those 45 days.

Detailed explanation-4: -Airtel ties up with Bharti AXA Life to offer prepaid with life insurance-The Hindu BusinessLine.

There is 1 question to complete.