Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) for CBS offices in DOP Finacle

  • The Hon’ble Prime Minister of India has launched Pradhan Mantri Suraksha Bima Yojana (PMSBY),  Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana . Both the PMSBY and PMJJBY  schemes are to be implemented  from 07-09-2015 in all the Post Offices which are on CBS platform and the commencement of Atal Pension Yojana will be intimated shortly.
The details of the Schemes are as under: 
  
Sl. No.
Details
PMJJBY
PMSBY
1
Term of scheme
1 year and renewable after 1 Yr
1 year and renewable after 1 Yr
2
Premium payable per Annum
Rs.330/-
Rs.12/-
3
Scheme offered By
LIC or other Life Insurance Companies.
Public sector General Insurance COs (PSGIC)
4
Eligible age group
18 to 50 Years
18 to 70 Years
5
Termination
on attaining 55 Years/ Closure of POSB account
on attaining 70 Years/ Closure of POSB account
6
Mode of payment
Auto transfer from POSB account
Auto transfer from POSB account
7
Claim can be preferred
on death
 On Accidents and death due to accidents
8
Sum Assured  Payable
 on death
Rs. 2 Lakhs
Rs. 2 Lakhs
on loss of both eye, hand and foot

Rs. 2 Lakhs
on loss of one  eye , hand and foot

Rs. 1 Lakhs





  •  Make sure that all the details in CIF(date of birth,gender,phone number and email address,address etc..,) are modified and signature is available to the customer ( check the signature status in the menu IES ) before invoking the menu CPMY
  • Note that customer date of birth,gender, Nominee name and nominee relation are mandatory for this scheme

Operating procedure in Finacle

  • The menu option used is CPMY--  
  • Invoke the menu CPMY then the system will show the below screen 


  • Then select the function as "ADD", enter the account id (SB account number of the customer ) and select the PM Yojana scheme as shown in the below figure.


  • Then click on GO then the system will show the following details of the customer as shown in the below screen shot.


  • Click on validate then the system will show if any fileds are missing then correct the missing details and submit.
  • Verify using the same menu in the supervisor login.
  • Once verified then the system will automatically deduct the amount ( Rs 330 for PMJJBY and Rs 12 for PMSBY) and the system will credit the same amount into Sansad Marg HO (11000100) office account. 
Click on the following links to view: 


          Pradhan Mantri JeevanJyoti Bima Yojna(PMJJBY)



4 comments

How can one exit or change nominee name in pmsby?

How can one exit or change nominee name in pmsby?

i like to enroll in this govt insurance scheme, how can i?


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