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

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:


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. 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.

  2. 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

  3. 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.

    Ramesh Jain

  4. 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.

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