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PM Jeevan Jyoti Bima Yojana

Published on November 26, 2020
Current Context: The PM Jeevan Jyoti Bima Yojana (PMJJBY) is launched by India Post Payments Bank (IPPB) in partnership with PNB MetLife India Insurance Company Limited.
PM Jeevan Jyoti Bima Yojana
  • The PMJJBY offers protection and financial security to the underprivileged and poor who are living in unbanked and remote areas of the country. 
  • This low-cost insurance scheme will offer a life cover to the family in case of the death of the insured member due to any reason. 
  • The insurance scheme is for anyone who is having a saving account in IPPB. 
  • The scheme offers maximum coverage of Rs 2 lakhs. 
  • The annual premium amount for this scheme is Rs 330. 
  • Static Part: 
    • HQ of IPPB: New Delhi
    • Tagline of IPPB: Aapka Bank, Aapke Dwar
    • MD and CEO of IPPB: J. Venkatramu
    • HQ of PNB MetLife: Mumbai
    • Tagline of PNB MetLife: Milkar Life Aage Badhaein
    • MD and CEO of PNB MetLife: Ashish Kumar Srivastava


Q.1 In partnership with whom India Post Payments Bank launched PM Jeevan Jyoti Bima Yojana (PMJJBY)?
a. Max Life Insurance Company Limited
b. PNB MetLife India Insurance Company Limited
c. Aegon Life Insurance Company
d. Exide Life Insurance Company Limited
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