_______ Life insurance policy is provided under PMJJBY?

a. Whole life

b. Term insurance

c. Unit linked insurance plan

d. Endowment plan

ANSWER: Term insurance

Explanation:

Term insurance

What it offers : A pure protection term insurance cover which pays Rs 2 lakh to dependents in the event of the policyholder's death.

Cost : Premium of Rs 330 a year.

Eligibility : Anybody in the age band of 18-70 years who has a savings account in a bank that offers this scheme.