The State Bank of India (SBI), the country’s largest public sector bank, has announced a convenient self-subscribing route for enrolling in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) schemes.
PMJJBY offers a death coverage of Rs 2,00,000 to beneficiaries in the event of the insured person’s sudden demise. It is a pure-term insurance plan without any maturity or surrender benefit. On the other hand, PMSBY provides accidental death and disability cover due to an accident, with a one-year renewable cover.
This digital enrollment initiative aligns with the national objective of extending insurance coverage to all eligible citizens, ensuring financial security for everyone, SBI stated.
Under the self-subscribing route, customers can enroll for these schemes conveniently without visiting a branch or Customer Service Point. SBI customers need to input their account number and date of birth on the Jan Suraksha portal, choosing the State Bank of India as their preferred bank. Upon completing these steps, the Certificate of Insurance will be instantly generated upon payment of the premium.
Dinesh Kumar Khara, Chairman of SBI, expressed that this facility would bolster the Indian government’s initiative to cover all eligible citizens under the PMJJBY and PMSBY schemes.
Additionally, SBI mentioned that customers visiting Customer Service Points (CSPs) only need their Aadhaar cards to enroll in schemes like PMJJBY, PMSBY, and the Atal Pension Yojana.
