As of July 2022, a life insurance cover of ______ under the Pradhan Mantri Jan Dhan Yojana, gives life insurance cover on death of the life assured, due to any reason, to the deceased's family.

Correct option is C

The correct answer is (c) Rs. 30,000

Explanation:

• As of July 2022, the Pradhan Mantri Jan Dhan Yojana (PMJDY) provides a life insurance cover of Rs. 30,000 in case of death of the account holder due to any reason.
• This is under the Pradhan Mantri Jan Dhan Yojana (PMJDY) linked with the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
• This life insurance benefit is available to account holders between the ages of 18 and 59 years and is provided under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which is part of the broader financial inclusion initiative under the PMJDY.

Information Booster:

Here are some key facts about the Pradhan Mantri Jan Dhan Yojana (PMJDY):

• PMJDY was launched on August 28, 2014 by Prime Minister Narendra Modi.
• Under PMJDY, individuals can open a zero-balance savings account, meaning there is no requirement to deposit any initial amount.
• Life insurance cover of Rs. 30,000 under the PMJDY linked with PMJJBY.