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Pradhan Mantri Jeevanjyoti Bima Yojna - bringing insurance to common man's doorstep

The central government has come up with a couple of social security schemes for the betterment of the quality of life of common man. One of such schemes is the Pradhan Mantri Jeevanjyoti Bima Yojna - also known as PMJBY. Aimed at reaching out to the sector hitherto untouched by the insurance sector, what does this has on offer? Let us try to analyse and understand the scheme.
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