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    Question

    Under the Pradhan Mantri Jeevan Jyoti Bima Yojana

    (PMJJBY), the risk coverage period for life insurance is:
    A One calendar year starting from 1st January to 31st December. Correct Answer Incorrect Answer
    B One year from the date of enrollment in the scheme. Correct Answer Incorrect Answer
    C Two years from the date of enrollment in the scheme. Correct Answer Incorrect Answer
    D One financial year starting from 1st April to 31st March. Correct Answer Incorrect Answer
    E None of the above. Correct Answer Incorrect Answer

    Solution

    The PMJJBY policy term aligns with the financial year to streamline renewals and administrative processes.

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