BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Capital Local Area Bank Limited
|
|
|
Equitas Holdings P Limited
|
|
|
AU Small Finance Bank
|
|
|
India Post Payments Bank
|
Detailed explanation-1: -To support the scheme, AU Small Finance Bank launched Pradhan Mantri Jeevan Jyoti Bima Yojana Plan in conjunction with ICICI Prudential Life Insurance Co. limited which is a pure group term insurance product that ensures financial security for the member’s family in the event of unfortunate death of the member.
Detailed explanation-2: -In November 2020, India Post Payments Bank (IPPB) tied up with PNB MetLife India Insurance to launch the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for its customers. Managing Director and Chief Executive Officer of India Post Payments Bank, Mr. J.
Detailed explanation-3: -Pradhan Mantri Jeevan Jyoti Bima Yojana provides life insurance cover of Rs. 2 Lakh to all holders of bank accounts. A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing, in which case his account will be auto-debited every year by the bank.
Detailed explanation-4: -The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) launched in 2015, is a one-year life insurance scheme renewable from year to year offering coverage for death.