Participating Banks & Insurance Companies Servicing Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) & Pradhan Mantri Suraksha Bima Yojana (PMSBY)

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected]

Prime Minister Mr. Narendra Modi launched three new social security schemes under his government’s Jan Suraksha initiative during his visit to Kolkata on May 9. As most of us know by now, these schemes are – Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY).

People are keen to know more about these schemes and how to get themselves enrolled/subscribed to get insurance coverage in case of death or disability. Though banks are also aggressive & keen in attracting their customers to subscribe to these schemes, many people are still clueless how to get themselves enrolled and whether banks are providing online subscription facility or not.

Customers of banks, like Kotak Mahindra Bank, HDFC Bank, ICICI Bank, IndusInd Bank and SBI, can subscribe to PMJJBY and PMSBY in any of the following manners:

* Visiting a bank branch nearest to your place, filling the Consent-cum Declaration Form & depositing in the branch itself

* Through Netbanking by filling the online form

* Sending an SMS to the number provided by your bank

I have tried to compile a list of participating banks which have tied up with different insurance companies for providing life insurance and accidental death & disability insurance to their interested customers. Here you have the list of banks along with their partner insurance companies and whether they are providing the online and/or SMS facility to their customers or not:

Picture1

LIC affiliated Banks for PMJJBY – PNB, Kotak Mahindra Bank, IndusInd Bank, Bhartiya Mahila Bank, Canara Bank, Federal Bank, South India Bank, Bank of Maharshtra, Corporation Bank, United Bank of India, Allahabad Bank, IDBI Bank, Uco Bank, Dena Bank, Punjab & Sind Bank, Syndicate Bank and Kerala Gramin Bank.

Banks affiliated with SBI Life for PMJJBY – State Bank of India (SBI) and Vijaya Bank.

Banks affiliated with New India Assurance for PMSBY – Bhartiya Mahila Bank, Federal Bank, South India Bank, Corporation Bank, Union Bank of India, Bank of India, Central Bank and Punjab & Sind Bank.

Banks affiliated with United India Insurance for PMSBY – HDFC Bank, Canara Bank, Vijaya Bank, Bank of Maharashtra, Dena Bank, Syndicate Bank and Kerala Gramin Bank.

Banks affiliated with National Insurance for PMSBY – State Bank of India (SBI), Bank of Baroda, United Bank of India and State Bank of Travancore (SBT).

Banks affiliated with Oriental Insurance for PMSBY – PNB.

Banks affiliated with ICICI Lombard for PMSBY – Kotak Mahindra Bank and ICICI Bank.

I will try to update this list as & when I get info about more banks joining these schemes. You may visit the respective websites of these banks to download their application forms for getting yourself enrolled. In case you need to get yourself updated with the terms of any of these schemes, here you have the links to our previous posts in which we covered these schemes:

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)Form in EnglishForm in Hindi

Pradhan Mantri Suraksha Bima Yojana (PMSBY)Form in EnglishForm in Hindi

Atal Pension Yojana (APY)Form in EnglishForm in Hindi

If you have any query regarding any of these schemes, please share it share and I will try to respond to it as soon as possible.

149 thoughts on “Participating Banks & Insurance Companies Servicing Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) & Pradhan Mantri Suraksha Bima Yojana (PMSBY)

    1. You are welcome Harinee! It feels nice to see private sector banks taking active part in such schemes and making it easier for their customers to subscribe to them. I don’t know when public sector banks will improve their efficiency.

  1. Dear Sir,

    I am unable to locate the mentioned PMO form for Insurance on HDFC Bank website.

    Pls help me find the form for online submission and guide ..

    Regards

    1. Hi Aditya,
      It is still not available on HDFC Bank’s net banking platform, but the bank will introduce it by May 25th. Kotak Mahindra Bank has already made it available for subscription.

  2. What will happen if someone has enrolled for both the insurance plans i.e. PMJJY and PMSBY? If someone dies in accident, would the nominee get the benefits of both schemes, i.e. 2L for PMJJY and 2L for PMSBY = 4L

  3. Heloo sir I am tex payer . I have no pension scheme till now .Age 35
    Which is better pension scheme for me nps or apy
    can I subscribe both
    plz tell

    1. Hi Rajkumar,
      Yes, you can subscribe to both NPS as well as APY. Which scheme is better for you, it depends on your requirements. Overall, I think NPS is better than APY.

  4. I have a account in SBI,when I tried to enroll online ,I got a message that I am not eligible for the scheme??.why?

    1. Hi Pratima,
      I am not sure why it declined your subscription, but if you are more than 50 years old, then you are not eligible for PMJJBY. If you are not 50, then you need to check it with the bank.

      1. I am more than fifty,but another friend of mine who is also more than 50,has done it.In fact she has done in two schemes,one where you pay 12? and another where you pay 300.She has done at HDFC bank

        1. You and your friend, if not 70 or more, are eligible for PMSBY. But, none of you is eligible for PMJJBY. I think your friend’s application should also get rejected for PMJJBY.

  5. Are persons with existing diseases such as critical illness covered under these scheme? What is the way to undergo medical examination ?

      1. I mean to ask Are persons suffering from critical illness are eligible to enroll for life insurance under this scheme? What is medically fitness criteria? Under normal circumstances, private life insurance company does not provide life insurance to person with critical illness or they may increase the premium. What is the eligibility under this scheme for such person.

        Thanks,
        -Kumar

  6. dear sir…will u help us to know that is there both type of account has been included by this policy :- saving/current.
    and if we have account in any co oprative bank then can we get its benifits.

  7. Hi, Has anyone applied for PMJJBY & PMSBY via State Bank Of India or State Bank Of Mysore website[i.e online mode]? If yes, is there a provision to enter a nominee name as I could not locate it ?
    Please share info and steps.

    Thanks
    – Kunal

  8. Pl.check with your Bank.If you are already insured with any insurance policy,you will no t covered under this scheme.You will loose your bank premium.

    1. Hi,
      If you have enrolled yourself to PMJJBY and PMSBY with any of your banks, only then you cannot subscribe to these schemes again. But, in case your have bought any other insurance schemes, then you can definitely subscribe to PMJJBY and/or PMSBY.

  9. Sir kindly tell me two things about PMJJBY and PMSBY that is there any service tax we need to pay to any govt. Or private bank for both or any of the schemes.
    2nd is can a tax payer avail these insurance policies.
    Kindly assist.

  10. Sir kindly tell me two things about PMJJBY and PMSBY that is there any service tax we need to pay to any govt. Or private bank for both or any of the schemes?
    2nd is, can a tax payer avail these insurance policies?
    Kindly assist.

    1. “SMS PMSBY Y to 5676712” – Be careful, by sending this SMS, you will be enrolled to this scheme i.e. PMSBY. Do it only if you want to subscribe to it.

  11. Sir
    As u told that there is no service tax on PMJJBY and PMSBY schemes.
    But in my Area one branch of BANK OF MAHARASHTRA is saying that this branch is situated in service tax area so service tax is applicable here on both schemes.
    They are asking for 330+31=371 & 12+2=14 for both the schemes respectively.
    Kindly confirm me it is ok or not….
    Thank u…

  12. how to enrol by sms in suraksha bima yojana in hdfc bank
    i have allready enrolled for accident insurance by sms

  13. SMS “PMJJBY Y to 5676712″ for enrolling yourself under Pradhan Mantri Jeevan Jyoti Bima Yojana with HDFC Bank. HDFC Standard Life Insurance Company Ltd. is the servicing insurance company for the same.

  14. Hi

    In the PMJJBY ( Pradhan Mantri Jeevan Jyoti Bima Yojana) scheme if we are still alive after the 55 years cover will get the 2 lakhs or it is given only in case of death , Thanks . One of my friend in bank was told that it would be given once complete 55 years if member is alive

  15. Any information/experiences about any insurance policy which is less than 300 annual premium and 2Lac coverage would be rally appreciated. The reason for asking this question is to know paying 300Rs premium for PMJJBY is of any worth over other available schemes in the market.

  16. Very useful information for all of us. Please help. How to enrol by sms in suraksha bima yojana in SBI bank. I really need this information.

  17. How many terms for these two schems & When did we take this 330 rs scheme metured amount.
    How many years we pay this scheme.

  18. Sir
    Once we have started the scheme, is it auto debit to next to next year every time or we have to make it renew yearly.
    2nd thing where we ll claim the money in case of any mishaps.

    1. Hi Manjeet,
      Auto debit facility is there for premium payment. You need not pay the premium every year, it will automatically get debited from your bank account.

    2. Also, in case of any mishap, you/your nominee need to approach your bank to deposit the claim form and the amount will be transferred to your/your nominee’s bank account.

      1. Hello Shiv,

        I am talking about the name of the Insurance Company which is giving benefit under the Scheme of Pradhanmantri Suraksha Bima Yojna.

        1. Hi Pulkit,
          There are 10 companies providing insurance cover under PMSBY – National Insurance, New India Assurance, Oriental Insurance, United India Insurance, ICICI Lombard, Bajaj Allianz, Reliance GIC, Tata AIG, Universal Sompo, Cholamandalam MS.

  19. Sir,
    Namaste!

    Do you have any update on when ICICI bank will start accepting the contributions for Atal Pension Yojana? I don’t see any such provision on their website. Is it that for APY, you have to personally visit a bank and fill up a form?

    Thanks in advance.

  20. TJSB Bank (a multistate scheduled bank) is offering PMJJBY through LIC and PMSBY through Oriental Ins. Co.

  21. TJSB Bank (a multistate scheduled bank) offering PMJJSY through LIC and PMSBY through Oriental Ins. Co.

  22. I want to know whether both this pradhan mantri plans benefits apart from LIC policy I already have. is it good idea to opt for this in addition to existing LIC policy. please guide..

    1. Hi Hem,
      I think it is a good idea to subscribe to these two schemes even if you have other insurance policies. Only if you are overinsured, then probably you should skip subscribing to these schemes.

  23. Hello Sir, Today I want to enroll for pension plan to nearest HDFC bank and the representative said I am not eligible for pension as my salary per month is 50k. I am working in private company. Please let me know is I am eligible or not for pension plan. My age is 35. If I can invest for pension plan how much max I can pay per year. What all the plans are there. Thank in advance, Venkat

    1. Hi Venkat,
      As per the terms of Atal Pension Yojana, all citizens of India are eligible for this scheme. But, if you are a tax payer, then you won’t get the annual government contribution of up to Rs. 1,000.

  24. Sir, I enrolled for PMJJBY through internet banking, but premium Rs.330/ two times debit from my saving a/c.My a/c is in SBI so I contact & complained in SBI,he told regarding this type of problem u contact this no.- 18001801111. I contact this no. he told, I will give only details of this policy, so u contact ur bank. So kindly request to u help & guide me , what I do?

  25. Dear shiv,
    Your work is appreciable. Please do solve my query. I have taken both the scheme through onlinesbi. Com the premium is also deducted from my account. From where i can get the acknowledgement of the scheme?

    1. Hi Piyush,
      I have been told that no such acknowledgement will be provided to the subscribers and bank entries of Rs. 330 & Rs. 12 are good enough proofs for your subscription.

  26. Dear Sir,

    In case of death during 1st year of insurance i.e. before 31-May-16, will the claim be accepted & settled under PMJJBY & PMBSY?

  27. Sir,

    If the person doesn’t have PAN Card and Adhar Card but possess Voting Card and Ration Card, Whether he is entitled to apply for the same.

    Regards,

    Mukund

  28. sir I want to know that do I need to pay same amount through out these scheme term or amount will be increased in subsequent years. also can I claim for expenses during accidental treatment
    and in which hospitals

  29. My father applied for PMSBY on 22nd june, and met an accident on 23rd June, resulting in death on 25th June.
    When I went to bank for claiming this money, they said that the deduction was not done as Nominee’s relationship was not mentioned in it.
    The bank had accepted the form and issued him a receipt of this, however they did not forward it for deduction of money from his account. There was no alarm from the bank regarding the incompete form.
    I am confused about the status of this claim now ! Can anybody help please !

    1. Hi Deepa,
      Even we are not sure whether you are eligible for the claim or not in this case. You need to talk to the bank about the same. If not satisfied with the bank’s response, you can approach IRDA or the Banking Ombudsman.

  30. joined at pmsby scheme through pnb dharmtola st. br. kolkata-13 so far not received the policy certificate through oriental insurance, kindly provide the contact, mail no. sms enabling me to contact them . already premium debited from my pnb sb a/c

    thanks & regards

    swapna ghosh
    9433035866

      1. sir
        iam applied PMSBY AND PMJJBY nearly 4 months back but iam not received policy how to get policy please tell me

  31. PMSBY @ Rs12/- per annum is a unique and wonderful insurance. It is highly low priced product declared for the benefit of common man. However I am surprised people are so anaware that despite all publicity, efforts by Ministry, Media, Banks and INsurance 10 crore approx have purchased this product. My personal appeal to all educated and influential people of the society to make every possible effort to bring everyone under the suraksh net. It is must for everyone. If any one wants further clarification he/she may contact nearest National Insurance Office in this connection and our people would guide them.

    1. Hi Srijan,
      It is a group insurance scheme which has been kept low priced by keeping its costs in check. One of those costs is issuing policy documents. To make it low priced, policy documents are not getting issued. Also, all of these insurance companies are Indian.

  32. Sir
    My account is in Hdfc bank with my wife.I got 3 sms from Hdfc bank for 1.PMJJBY 2.PMSBY 3.APY
    I have reply for 1& 2 by bank sms reply but not for sms no 3(APY).
    Today when I update my passbook thr is Rs 12 & Rs 330 debited its ok but also debited Rs689 for APY which I never applied.
    I talked with hdfc branch official they told me to call hdfc help line,when call to help line they are saying to talk with branch.
    Pls tell me what I wl do & how to cancel this.

    1. Hi Mr. Roy,
      You need to talk to the bank branch and ask for the receipt of your request for APY. If they are not able to show it to you, you can file a complaint against the bank.

  33. I have got no document or phone or message against PMSBJ though requisite amount has been deducted from S/B A/c of SBI, B-Zone, PO-Durgapur,Distt – Burdwan, WB till 26.08.15 C.Nandy

  34. I have deposited amount PMSBY and PMJJBY through online by HDFC bank but unable to save certificate of Insurance issued by united Insurance . Please give me hint ,hoe I can down load insurance certificate ,
    Thanks,

  35. Sir
    Can you please tell me what is the procedure of getting claim after death occur….my maternal uncle death occurs on 1st of September 2015…so now what we have to do….what are the required documents..
    Thanks and advice

  36. Dear sir
    Please find the following details as blow mention about pmjjy .
    Name of account holder (death parson)-Neelesh Sharma
    Bank name and add. – PNB bahjoi Sambhal Up 244410
    Account number- 0543000100214268
    Nominee name-Brajbushan Sharma
    Policy date- 01-07-2015
    Date of death-23-08-2015
    Claim form submission hard copy in bank- 07-09-2015
    Mail drop by bank-03-10-2015

    We have continue follow-up with bank but bank manager clearly says I am finish our work .
    We have facing problem how to get claim.
    Pl do the necessary action .
    Thanks
    Brajbhushan Sharma
    9456831037

  37. Dear sir,

    Kindly help me in this,today I got a msg from bank axis for pmjjby and I have enrolled for it at the same time,later I found the scheme is not very attractive for me.so,now I want to deactivate the policy .How can I discontinue as it is a autu renewal process and also can I get back my 330 deducted money back after deactivation.
    Please help me to deactivate.

  38. Hi,

    My dad applied for PMJJBY in syndicate bank and after 3 months he’s passed away. I have filled all the necessary documents in the bank to claim the amount of 2 lakhs. But it has been more than 25 days from the date applied, is there any information provided online to track the status??

    Regards
    Rajesh

  39. Sir
    I want to close my Pradhan Mantri Jeevan Jyoti Bima Yojana in Dana bank .Please tell me procedure.Actually I have already this yojna in other bank.

  40. dear sir, how to deactivate the PBJJBY in our pnb branch? please help me. i do not want this facility.

  41. PMJJBY Scheme-Master Policy,& PMSBY Polci me Nomni ka nam galat hai. krpya
    use theek kar polcy isee mail par bheje, theek nhi hhone ki kandeesan me
    Renual na kata jay.PMJJY Mastar Polci No- 76001000135, & PMSBY Polci, Bank Ref.-SBISB00421201514104313420.
    Hai.

    VANDANA PATEL-Bank A/c no.30907003996, ki Sir kripya dekhiye meri is polci
    ko isme

    polci holadar or nominy dono Smt Vandna

    patel or wife likha h, kripya Polci holdar Smt Vandana Patel & Nominy- Shri
    Sanjay

    Patel, Husbend. Hona chhiye. Conttect No- 8989769591. Email-
    [email protected], [email protected].

  42. Sir PMJJBY&PMSBY se patrachar karne ke liye email id kya hai. or policy me koi sudhar(crection) karana hai to bank se nhi hota uske liya kya karna hoga.

  43. Sir,
    mere mammy ne pradhan mantry jeevan jyothi yojana 09-05-2016 ko karwaya tha gramin bank ma unfortunately mere mammy ka death 21-05-2016 ko ho gaya•sir may pmjjy claim kar sakatha hoo kya aur uska process kya hai send me on my mail id or cal me on my mobile no 8083042223

  44. Hi ,Dear Sir.
    I am a 61 years old . am i eligible to register in PMSBY?
    I have an account in Canara Bank and they are sending messages to deposit
    an amount of Rs. 330/- before 30th May’16.
    Should I or not?
    thanks
    Regards
    Ramesh

  45. Sir,
    I AM SOMEN HAZRA NOMINEE OF APMJJBY SCHEME OF MY MOTHER (Lakshmi rani hazra) in UCO BANK, GHANARAMPUR BRANCH(BRANCH CODE-2673) . I AM DEATH CLAIM FORM APPLY ON 17.06.16 BUT CLAIM AMOUNT NOT CREDITED .UCO BRANCH NO HELP. PLESE HELP ME SIR.

  46. Hi,
    There are lot of confusions and ambiguities regarding these plans and policies, for which I require proper information and clarification with website details with login ids and password.

    I have already joined Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana through (both yojanas) my savings bank account both at ICICI bank as well as both at Kotak Mahindra bank ,
    But I have not received any confirmation mail.
    Also, I have not received either any policy details with number or preium paid certificate.
    Bank are not guiding me , regarding this.
    They are only ignoring these types of queries.
    May I know the process– How shall I track my policy details?
    How to know the status of the yoganas.. policy numbers.. etc?
    If I want to transfer the policies from one bank to another bank , what I should do?
    If I want to close the existing policies, what should I do?
    What is the website or URL, from where I shall be to view these details?
    How can I do online monitoring of these policies?
    Could you please inform me the exact procedures?

    I am eagerly waiting to receive positive response vial email or via call.

    Thanking you a lot in prior anticipation.
    With best regards-
    Jyoti Debnath.
    Mob – 8697443425
    Mail id – [email protected]; [email protected]; [email protected]

    1. Hie.. i also have the same problem.. i too have both policies from ICICI Bank.. and they not providing me any mail , documents or even policies unique account number… now getting sms for the renewal.. team pl help.. rgds

  47. Sir I am sheshadri from Karnataka my wife have account in SBI . her aadhar card link to her account. Rs 330 debit to pmjjby . she died in march 2017. But in SBI name entered as Chaya devi but in aadhar card entered as Chaya . but SBI people accepted it link to her account.kow I sabmit her death certificate as Chaya devi and apply for claim. But my question is difference in name in bank account and aadhar card as Chaya devi and Chaya kow SBI person asking to produce aadhar card in name Chaya devi for claim. So what can I do for claim plz help me.

  48. I have pmj account in IDBI bank. Is it possible to move it to other bank and still avail all the benefits?
    Looking forward for your response.

    Thanks
    Ramesh Jain
    9440492442

  49. Respected Sir,
    with reference to you, my brother was taking a policy in canara bank ksfc comlex bangalore.but my brother was death in 08/04/2017 .I was apply the claim application form in 26/05/2017. but bank was not giving any responce. please settle the policy amount.
    my contact no:8050903067
    thanking you

  50. hello…!
    I am planning for premium PMJJBY. I have HDFC bank account.
    I need a guidance as on how to opt it.
    I got the form to apply it , But where to submit and also about the next step. Please do guide.

Leave a Reply

Your email address will not be published. Required fields are marked *