BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Band
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Bill
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Balance
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Bima
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Detailed explanation-1: -How to Check PMJJBY Status? You can ask the bank for information about the PMJJBY status of your plan. The policyholder must pay the premium amount at the scheduled interval. For example, the beneficiaries of a life insurance policy who pass away before age 55 would receive ₹2 lakhs.
Detailed explanation-2: -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-3: -Method 1: Visit the branch office of the bank linked to the PMJJBY scheme and request to stop the PMJJBY premium annual auto-debiting process.
Detailed explanation-4: -People with more than one Savings account can only enrol for one PMJJBY policy. The premiums will be refunded to policyholder’s account if such a case is discovered. Also, no coverage will be offered for such plans. The premium must be paid as per the requirement.