SBI Customers Can Digitally Enroll Under Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana –Know How To Do It | Personal Finance News

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New Delhi: In what would bring the much needed ease for customers, India’s largest lender State Bank Of India (SBI) has announced that the customers can now digitally enroll under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY ) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).

“State Bank of India has brought another enabler for its customers towards enhancing convenience in enrolment under PMJJBY & PMSBY schemes,” the bank said in a statement.

How to digitally enroll under Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima 

– Customers can enroll under the schemes as per their convenience without visiting Branch or Customer Service Point. 

– The customer needs to key in the account number, date of birth on Jan Suraksha portal and to select the Bank. 

– The Certificate of Insurance is generated instantly on payment of premium.

Introducing the service offering, Dinesh Khara, Chairman, SBI emphasized the bank’s efforts in leveraging technology to boost offerings that ensure customer empowerment and said, “The facility will provide impetus to the Government of India’s drive of covering all eligible citizens under PMJJBY & PMSBY schemes,” he said.

The Narendra Modi Government had launched two insurance schemes –Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) in 2015 — to provide insurance coverage to the people.

What Is Pradhan Mantri Suraksha Bima Yojana?

The Pradhan Mantri Suraksha Bima Yojana is an Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. It would be a one-year cover, renewable from year to year. The scheme would be offered / administered through Public Sector General Insurance Companies (PSGICs) and other General Insurance companies willing to offer the product on similar terms with necessary approvals and tie up with Banks / Post office for this purpose. Participating banks / Post office will be free to engage any such insurance company for implementing the scheme for their subscribers.

What Is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?

Pradhan Mantri Jeevan Jyoti Bima Yojana offers a renewable one year life cover of Rs 2 lakh to all savings bank account holders in the age group of 18-50 years, covering death due to any reason, for a premium of Rs 330 per annum per subscriber. 

 

 

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