TestCloud
Prep • Practice • Perform
Log In

Government Enhances Life Cover Under PM Jan Dhan Yojana.

Government Schemes | Dated: 13 Apr 2026

To vastly strengthen social security, the Ministry of Finance officially announced a massive enhancement in the free life insurance cover under the Pradhan Mantri Jan Dhan Yojana (PMJDY). The cover has been completely doubled to benefit poor households.

🎯 Key Highlights:

  • The free life cover stands strictly increased from Rs 2 Lakh to Rs 4 Lakh.
  • It exclusively applies to all active Rupay Debit cardholders.
  • The scheme heavily promotes absolute financial inclusion in rural districts.

💡 Other Important Facts:

  • Scheme: PM Jan Dhan Yojana.
  • Benefit: Life Cover.
  • New Limit: Rs 4 Lakh.

📚 Test Your Knowledge:

Under the recent expansion of the PM Jan Dhan Yojana, the free life insurance cover has been enhanced to what specific amount?

Correct Answer: Rs 4 Lakh

🚀 Quick Recap:

About PMJDY

  • Launch Year - 2014
  • Objective - Financial inclusion for unbanked households