In which year 'Pradhan Mantri Jeevan Jyoti Bima Yojana' was launched?
2015
Understanding Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and its Launch Year
The question asks about the launch year of the 'Pradhan Mantri Jeevan Jyoti Bima Yojana'. This is a popular government-backed life insurance scheme in India.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance scheme offering coverage at an affordable premium. It is targeted at providing financial security to the poor and underprivileged sections of the society.
Launch Details of PMJJBY
The Pradhan Mantri Jeevan Jyoti Bima Yojana was officially launched by the Government of India.
The scheme was launched in the year 2015.
Specifically, it was launched by Prime Minister Narendra Modi on 9th May 2015 in Kolkata.
The scheme aims to provide a life cover of & భారతీయ రూపాయి;2 Lakh in case of death due to any cause to the enrolled member.
Key Features of Pradhan Mantri Jeevan Jyoti Bima Yojana
- Eligibility: Available to people in the age group of 18 to 50 years having a bank account.
- Premium: An annual premium is payable.
- Coverage: & భారతీయ రూపాయి;2 Lakh life cover.
- Term: The cover is for one year, renewable every year.
- Administered by: Life Insurance Corporation (LIC) and other life insurance companies willing to offer the product on similar terms.
Let's look at the options provided:
- 2018
- 2014
- 2015
- 2017
Based on the launch information, the correct year is 2015.
| Aspect | Detail |
|---|---|
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) |
| Type of Scheme | Life Insurance Scheme |
| Launch Year | 2015 |
| Age Group | 18 to 50 years |
| Sum Assured (Death Benefit) | & భారతీయ రూపాయి;2 Lakh |
Therefore, the year 'Pradhan Mantri Jeevan Jyoti Bima Yojana' was launched is 2015.
Revision Table: Pradhan Mantri Schemes
| Scheme Name | Launch Year (approx.) | Primary Objective |
|---|---|---|
| Pradhan Mantri Jan Dhan Yojana (PMJDY) | 2014 | Financial inclusion, access to banking |
| Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) | 2015 | Affordable Life Insurance |
| Pradhan Mantri Suraksha Bima Yojana (PMSBY) | 2015 | Affordable Accident Insurance |
| Atal Pension Yojana (APY) | 2015 | Pension for unorganized sector |
Additional Information on PMJJBY Scheme
The Pradhan Mantri Jeevan Jyoti Bima Yojana is part of the Indian government's broader push towards social security and financial inclusion. It operates on an opt-out basis with an annual renewal. The scheme is designed to be simple and accessible, with the premium being auto-debited from the subscriber's bank account. The claim process is also made straightforward to ensure beneficiaries receive the amount promptly. The scheme has been instrumental in extending life insurance coverage to millions of previously uninsured individuals, contributing significantly to enhancing social security in the country.
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