The correct answer is: B. 3 lakh
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) is a government-sponsored life insurance scheme that provides a death benefit of â¹3 lakh to the nominee of the insured person in the event of the insured person’s death. The scheme is open to all Indian citizens between the ages of 18 and 50 years, and the premium is â¹330 per year. The scheme is renewable annually, and there is no medical examination required to enroll in the scheme.
The PMJBY is a very affordable and easy-to-access life insurance scheme that can provide financial security to the family of the insured person in the event of the insured person’s death. The scheme is a good option for people who are looking for a basic life insurance cover at an affordable price.
The other options are incorrect because they are not the amount of risk coverage being provided in the Pradhan Mantri Jeevan Jyoti Bima Yojana.