Which one of the following is not a feature of Pradhan Mantri Jeevan Jyoti Bima Yojana?

1
The annual premium for the scheme is Rs.12 per annum.
2
PMJJBY offers a renewable one year term life cover of Two Lakh.
3
This scheme can be availed by people aged between 18 years to 50 years.
4
This scheme is implemented by Life Insurance Corporation of India and all other major insurers in the country.

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