The premium is.....per annum which is to be auto-debited in one installment from the subscribers bank account as per the option given by him on or before 31st May of each annual coverage period under the PMJJBY scheme.

BANKING GENERAL KNOWLEDGE

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

The premium is____per annum which is to be auto-debited in one installment from the subscriber’s bank account as per the option given by him on or before 31st May of each annual coverage period under the PMJJBY scheme.

A	Rs. 365 per annum
B	Rs. 110 per annum
C	Rs. 12 per annum
D	Rs. 330 per annum

Explanation:

Detailed explanation-1: -The premium is Rs. 436 per annum which is to be auto-debited in one installment f rom the subscriber’s bank account as per the option given by him on or before 31st May of each annual coverage period under the scheme.

Detailed explanation-2: -2 lakh for accidental death and full disability and Rs. 1 lakh for partial disability. The premium of Rs. 20 per annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in one installment.

Detailed explanation-3: -2022 since inception. Giving more details, the Minister stated that keeping in view the recommendation of the Government constituted Committee and IRDAI, the premium rates of the schemes have been revised from Rs. 330 to Rs. 436 per annum per subscriber under PMJJBY and from Rs.

Detailed explanation-4: -d) For enrolment in March, April and May – pro rata premium of Rs. 114/-is payable. However, full year’s premium Rs 436/-is payable at the time of renewal under the scheme. For subscribers enrolling for the first-time, risk starts from the date of auto-debit of premium.

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