• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Site Logo

BasuNivesh

Personal Finance Blog

  • Home
  • Service
    • Fee-Only Financial Planning Service
    • Financial Wellness Session
  • Blog
  • Old Articles
  • About Us
  • Contact us
  • Media
  • Search

All about Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana

May 9, 2015by Basavaraj Tonagatti

Prime Minister of India launched two schemes on 9th May 2015. These two schemes may not be helpful to rich or ultra rich. However, these schemes will definitely helpful to others. One is a Life Insurance product called as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Another is, Accidental Insurance product called as Pradhan Mantri Suraksha Bima Yojana (PMSBY). Let us the features of both these schemes.

Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

This is nothing but a pure Life Insurance product. However, please do remember that it is pure Life Insurance product. In case of sudden demise of the policyholder, the nominee will receive the sum assured available in this plan. If nothing happens to the policyholder, then no benefit or returns. Such plans are called pure life insurance products or Term Insurance products.

Never compare this product with products offered by LIC, where if the policyholder survives then you get some money at the end of a period. That is the reason such plans will be offered at lower premiums. It is necessary for all individuals who are earning and who have financial dependents.

Features of this plan are as below

Eligibility-

All savings account holders in the age group of 18 to 50 Yrs in participating banks will be eligible to join. Please remember, to avail this scheme you must have the savings account from the PARTICIPATING BANK. In case you have multiple savings account in one or different bank then the person is eligible to buy this product only through one savings account. Hence, you may say one-man, one policy.

You can continue this product up to the age of 55 years subject to the payment of renewal payment. However, an entry will not be possible beyond 50 yrs of age.

Life Risk Coverage–

Rs.2 lakh will be payable on the member’s death DUE TO ANY REASON.

Premium–

The premium will be Rs.330 per year. This premium will be auto debited from your savings account in one installment on or before 31st May of each annual coverage. In case you missed to pay the premium within 31st May in any year, then to renew it, you have to pay the premium and provide the self-certificate of good health. The premium would be reviewed based on the claims received and may be increased for you. However, the Government claims that barring unforeseen adverse claims, efforts would be made to ensure that there is no raise in premium if it is within 3 years.

Hence, do remember that buying this product and managing money on a particular ECS date is very much necessary. Otherwise, you may not get this life risk due to ill health or any other issues.

Enrollment Period–

Initially, it will be from 1st June 2015 to 31st May 2016. It will be a yearly renewable product. For this year, you have to provide auto debit consent before 31st May 2015.

Who manages this scheme?

Life Insurance Corporation of India (LIC) and few other Life Insurers will manage this scheme in coordination with participating banks.

How your premium will be broken up?

Life Insurance premium-Rs.289 per annum per member.

Reimbursement of expenses intermediaries like BC/Micro/Corporate/Agent-Rs.30 per annum per member.

Admin expenses to Bank for collecting the premium-Rs.11 per annum per member.

A few cases where your membership may be terminated–

  • Once you attain the age of 55 Yrs.
  • In case, you will not maintain the sufficient fund in your bank for auto debit of premium.
  • In case, an individual covered under this scheme through more than one savings account. In this case, insurance coverage will be restricted to Rs.2 lakh only.
  • Closure of your Bank Account.

Do remember that, in case you have life insurance from term insurance, endowment plans, ULIPs or under any group life insurance schemes, you still be eligible to be a member of this scheme.

You can download the Consent-cum-Declaration Form from HERE. Also, download the claim form from HERE.

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

This is the typical accidental insurance cover. It will be renewable on a yearly base. It is exactly like Health Insurance, where you have to renew it on yearly and you get the benefit only in case of an accident. This scheme offers accidental death and disability cover for death or disability due to an accident.

Features of this plan are as below

Eligibility–

All savings bank holders in the age of 18 to 70 Yrs in participating banks will be entitled to join this scheme. In case you have multiple savings account in one or different bank then the person is eligible to buy this product only through one savings account. Hence, you may say one-man, one policy.

Sum Insured–

Death due to accident-Rs.2 lakh.

Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot-Rs.2 lakh.

Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot-Rs.1 lakh.

Premium-

Rs.12 per annum per member. This premium will be deducted from the member’s savings bank account on yearly through an auto debit facility on or before 1st June every year. In case, you pay the premium after 1st June, then the coverage will commence from the first day of the month following the auto debit. For example, you paid the premium on 25th July then the coverage will commence from 1st August.

Enrollment Period–

Initially, it will be from 1st June 2015 to 31st May 2016. It will be a yearly renewable product. For this year, you have to provide auto debit consent before 31st May 2015.

Who manages this scheme?

This scheme will be managed by Public Sector General Insurance Companies and few other General Insurance Companies.

How your premium will be broken up?

Insurance Premium-Rs.10 per annum per member.

Reimbursement of expenses intermediaries like BC/Micro/Corporate/Agent-Rs.1 per annum per member.

Admin expenses to Bank for collecting the premium-Rs.1 per annum per member.

A few cases where your membership may be terminated–

  • Once you attain the age of 70 Yrs.
  • Closure of Bank Account.
  • In case an individual covered under this scheme through more than one savings account. In this case, insurance cover will be restricted to one account and your other accounts paid as a premium will be forfeited.
  • In case of insufficient of funds in a bank account.

You can download the Consent-cum-Declaration Form from HERE. Also, download the claim form from HERE.

My view on both the plans–

Finally, the days come where the Government or Insurance companies felt the importance of pure life and accidental insurance product. For many of us Life Insurance means a product, which combines Insurance+Investment. However, never thought to have pure life insurance coverage. Also, for many of us insurance means Life and Health Insurance. However, in insurance there are many varieties like Life, Health, Accidental, Critical, or Travel Insurance.

I know it may not be useful for those who may be reading this post (hoping your earnings are at a higher level and feel these schemes coverages of Rs.2 lakh a meager). However, there are many who are totally deprived of insurance due to not knowing the importance of insurance. I sincerely request all of those to spread this unique awareness and make them to be insured.

Even though I personally have enough Life and Accidental Insurance coverage, I still enrolling for this scheme. Hope you all too. Please ask your Banks to enroll within due date.

The official website of these schemes is www.jansuraksha.gov.in. National Toll-Free – 1800-180-1111 / 1800-110-001 and StateWise Toll-free numbers are listed in this document Statewise Toll-Free.

Category: Insurance PlanningTag: PMJJBY, PMSBY, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana

About Basavaraj Tonagatti

Basavaraj Tonagatti is the man behind this blog. He is SEBI Registered Investment Adviser who is practicing Fee-Only Financial Planning Process and also an Independent Certified Financial Planner (CFP), engaged in blogging since 7 years. BasuNivesh blog is ranked as one among India's Top 10 Personal Finance Blog. He is not associated with any Financial product/service provider. The purpose of this blog is to "Spread personal finance awareness and make them to take informed financial decisions." Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. These should not be construed as investment advice or legal opinion."

Previous Post: « LIC’s new children plan 2015-Jeevan Tarun (Table No.834) Review
Next Post: Atal Pension Yojna (APY)-New Pension Scheme details and benefits »

Reader Interactions

Comments

  1. RUPESH VILAS YERUNKAR

    November 21, 2020 at 9:41 PM

    Thanks sir for reply us.
    We open today 21/11/2020 PMSBY from SBI bank. They charged Rs. 258 but premium is 12. How they charged

    Reply
    • Basavaraj Tonagatti

      November 23, 2020 at 8:23 AM

      Dear Rupesh,
      I think it is not only on PMSBY but along with that they charged you for PMJJBY.

      Reply
  2. Karthk

    April 19, 2020 at 12:02 PM

    I have paid pmjjy through my saving account. Them my account will be jan dhan account or this will be normal saving account.
    I am I eligible for 500 p.m which pm giving to people

    Reply
    • Basavaraj Tonagatti

      April 19, 2020 at 1:10 PM

      Dear Kartik,
      By paying an insurance premium to PMJJY, the account will not be treated as Jan Dhan Account or normal account. Check with your bank for the same.

      Reply
  3. k.rajani

    July 16, 2019 at 4:17 PM

    my husband expire on 4/6/2019.in house my hus having both 330and 12 policys. how many days to claim and receving money in my bank account.pls send immidiately

    Reply
    • Basavaraj Tonagatti

      July 17, 2019 at 8:54 AM

      Dear Rajani,
      Hard to say the days. Hence, better to approach the bank immediately.

      Reply
  4. S PANDIYA RAJAN

    May 2, 2019 at 12:04 PM

    how to change the nominee name in policy?

    Reply
    • Basavaraj Tonagatti

      May 3, 2019 at 7:12 AM

      Dear Pandiya,
      Approach the bank and change the nominee.

      Reply
    • Branch Manager

      December 26, 2019 at 2:01 PM

      How to change nominee in PMJBY and PMSBY

      Reply
      • Basavaraj Tonagatti

        December 27, 2019 at 9:21 AM

        Dear Branch Manager,
        You have to approach the concerned bank branch.

        Reply
  5. ayyaj

    January 30, 2019 at 12:30 PM

    How to know my policy is started or not?

    Reply
    • Basavaraj Tonagatti

      January 30, 2019 at 5:29 PM

      Dear Ayyaj,
      Check the status with bank.

      Reply
  6. Pradeep Pratap

    May 19, 2018 at 2:15 PM

    how to get policy no?
    how to change nominee?

    Reply
    • Basavaraj Tonagatti

      May 19, 2018 at 5:24 PM

      Dear Pradeep,
      Contact the bank for the same.

      Reply
    • Anand ghori Anand ghori

      May 20, 2018 at 11:15 PM

      Pmjjby closes my no dibet for icicibank no renewal please

      Reply
      • Basavaraj Tonagatti

        May 21, 2018 at 9:00 AM

        Dear Anand,
        Approach the bank.

        Reply
    • n nagaraju

      May 24, 2018 at 11:38 AM

      how to change debit option from one bank account to another bank account?

      Reply
      • Basavaraj Tonagatti

        May 24, 2018 at 12:00 PM

        Dear Nagaraju,
        You have to do that by the help of insurance company.

        Reply
  7. Manjunath B M

    May 11, 2018 at 8:07 PM

    hi sir my dad is death on 01/05/2018 due to heart attack in home and my have 12rs PMSBY insurance it will be claim or not. please responce to my concern

    Reply
    • Basavaraj Tonagatti

      May 12, 2018 at 8:43 AM

      Dear Manjunath,
      NO as the death not occurred due to an accident.

      Reply
  8. STALIE MICHAEL

    March 23, 2018 at 9:22 PM

    HOW TO CHANGE NOMINEE IN ONLINE

    Reply
    • Basavaraj Tonagatti

      March 24, 2018 at 10:09 AM

      Stalie-Online not possible.

      Reply
  9. Vivek

    March 11, 2018 at 10:33 PM

    I have enrolled PMJJBY scheme in 2015 itself through SBI. Now I want to cancel the scheme. If I cancel it, can I get the amount back which was paid for 3 yrs (330*3=990)?

    Reply
    • Basavaraj Tonagatti

      March 12, 2018 at 8:45 AM

      Vivek-No. You will not receive any amount back.

      Reply
  10. Taaan

    February 19, 2018 at 3:40 PM

    Hi sir , my mother expired recently she had both the plan with hdfc bank for rs 330 and rs 12 . I have already applied for the claim sir . But we do not know whos the insurer . How can we track the claim ?? How can one find whos the insurer . Bank is also not helping us !! Please help

    Reply
    • Basavaraj Tonagatti

      February 19, 2018 at 7:03 PM

      Taan-Use the above-shared contact information.

      Reply
  11. Mayank rathore

    January 24, 2018 at 9:17 PM

    Sir, under Prime Minister’s Protection, if a person dies in Gujarat state and he is from the state of Madhya Pradesh, then he has to translate death certificate, police report, post-mortem report from Gujarati to Hindi or English.

    Reply
    • Basavaraj Tonagatti

      January 25, 2018 at 9:08 AM

      Mayank-Sadly YES.

      Reply
  12. swaroop

    December 6, 2017 at 4:42 PM

    Sir,

    I need to change my nominee name for Pradhan Mantri Suraksha Bhima yojana, what is the procedure for doing it. Is there any request form I need to submit?

    Reply
    • Basavaraj Tonagatti

      December 6, 2017 at 4:56 PM

      Swaroop-Not sure of form. But use the toll-free number and can change it.

      Reply
      • swaroop

        December 7, 2017 at 3:12 PM

        THANK YOU SIR

        Reply
  13. Hitiksha

    November 20, 2017 at 4:01 PM

    Sir I have a account in Dena bank and I want to change my bank to Kotak and continue the same Pradhan mantri Bima Yojana what I need to do

    Reply
    • Basavaraj Tonagatti

      November 20, 2017 at 6:14 PM

      Hitiksha-I am not sure about this process. Using above customer contact numbers, you can do the same.

      Reply
  14. Ashokreddy

    November 10, 2017 at 5:22 PM

    Hai sir in my village one person pay the 330 rs and 12 rs he is dead in road accident he is how much amount namini got 200000 ? Or 200000+200000 ?please tell me sir

    Reply
    • Basavaraj Tonagatti

      November 10, 2017 at 6:52 PM

      Ashok-Rs.4,00,000.

      Reply
  15. Rakesh

    November 9, 2017 at 9:05 AM

    I want to know whether the nominee under Pradhan Mantri Jeevan Jyoti Bima Yojana will be eligible for claim even if the death is due to accident, since PM has launched different insurance scheme for it.

    Reply
    • Basavaraj Tonagatti

      November 9, 2017 at 10:51 AM

      Rakesh-Yes, under PMJJY, you can claim if the death of the insured occurs either due to normal or accident.

      Reply
      • Sh

        May 28, 2019 at 8:54 AM

        Hello Sir , I want to cancel my insurance PMSBY Scheme I had met with Vijaya Bank Manager but he denying to do so please advise where I can contact for deactivation of these scheme

        Reply
        • Basavaraj Tonagatti

          May 29, 2019 at 2:38 PM

          Dear Sh,
          You have to do the same with Bank only by submitting the cancellation of auto debit.

          Reply
  16. Neha Singh

    November 8, 2017 at 5:42 PM

    My father got deceased on Sep 15, 2017 due to brain hemorrage in hospital after surviving for 15 days. Family recently got to understand that he has invested in Pradhan Mantri Suraksha Bima Yojana from KMB. Will the nominee be eligible for the claim under the policy? Pls guide

    Reply
    • Basavaraj Tonagatti

      November 8, 2017 at 6:57 PM

      Neha-In case of PMSBY, the benefits will be payable if the insured dies due to an accident. Refer to post properly.

      Reply
  17. gaurav patel

    June 28, 2017 at 12:21 PM

    Sir, I have taken both policy through SBI. I submitted for Closure process, but SBI say they are no any procedure for closing related & money deducted even closer request. I have to continue even not requirement. i contact to help center sbi but no any response from there. i need to complain to top level so how can i ?? please give advice about ..

    Reply
    • Basavaraj Tonagatti

      June 28, 2017 at 12:47 PM

      Gaurav-Raise the issue with Banking Ombudsman.

      Reply
      • gaurav patel

        June 29, 2017 at 12:14 PM

        i want to go for irda, is it valuable ??

        Reply
        • Basavaraj Tonagatti

          June 29, 2017 at 1:35 PM

          Gaurav-You can try your luck.

          Reply
  18. Narayana swamy Ramaiah

    June 15, 2017 at 4:52 PM

    Dear sir,

    I given one year back request for cancellation of auto debit to PMJJBY but still not done , bank people telling once you get SMS run to bank before deducting , how its possible in this busy life. I given twice request, shall i fight in consumer forum for ( 330+330+ service tax).

    Reply
    • Basavaraj Tonagatti

      June 15, 2017 at 7:40 PM

      Narayana-You have all rights to fight.

      Reply
  19. Anil

    June 13, 2017 at 10:13 PM

    Sir g mere fathar ki pmsy ki ankownment form bank ki taraf se nhi di gai hai iske liye hume kya krna chahiye

    Reply
    • Basavaraj Tonagatti

      June 14, 2017 at 11:26 AM

      Anil-Contact the above-shared toll-free number and clarify this.

      Reply
  20. Shanmugam

    May 31, 2017 at 3:18 PM

    Under Pradhan Mantri Suraksha Bima Yojana (PMSBY) cover only accidential case if death is not happend by accident is it possible to get money from this policy what we pay to this scheme.

    2. under pradhan mantri jeevan jyoti bima yojana the amount will be get if death happend by any type and at any age

    Reply
    • Basavaraj Tonagatti

      May 31, 2017 at 4:33 PM

      Shanmugam-1) If death occurs due to an accident, then you can claim under PMSBY.
      2) YES.

      Reply
  21. S.Tamilselvan`

    May 29, 2017 at 11:47 AM

    Sir,

    Can we Join for both

    330 Rs (Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)) and

    12 Rs (Pradhan Mantri Suraksha Bima Yojana (PMSBY))

    Insurance schemes together for a single person?

    Is there any problems?

    Reply
    • Basavaraj Tonagatti

      May 29, 2017 at 12:09 PM

      Tamilselvan-YES. There will not be any problem if you subscribe to both schemes.

      Reply
      • S.Tamilselvan`

        May 29, 2017 at 12:19 PM

        Thank you sir….

        Reply
  22. Amit. G. Dave

    May 27, 2017 at 9:37 AM

    Mera email google se joint he. Vo reject hota he.me heran hu.muje puri madad kare.RBI aur dusare givernment fieldme phone n lage.modijiji ko malum kare.

    Reply
    • Basavaraj Tonagatti

      May 27, 2017 at 10:00 AM

      Amit-How can I help you?

      Reply
  23. Pintu mandal

    May 11, 2017 at 5:21 PM

    Maine pmjjby ke thet claim kiya tha hdfc bank m 26th February 2017 ko par mujhe koi update nhi mil rahi h bank m jao to khete h humne aage paper bhej diya h aage pata kijiye to hum kya kare

    Reply
    • Basavaraj Tonagatti

      May 11, 2017 at 5:39 PM

      Pintu-You have to either contact bank or the toll free number of the PMJJBY.

      Reply
  24. Amit kumar

    May 8, 2017 at 9:22 PM

    Sir I whant to stop Jeevan Jyoti Bima Yojana.
    How can do it please help me.

    Reply
    • Basavaraj Tonagatti

      May 9, 2017 at 12:31 PM

      Amit-Request your bank to cancel the auto debit instruction.

      Reply
    • shaji kutty thomas

      May 11, 2017 at 9:22 AM

      Sir I whant to stop PMSBY
      How can do it please help me.

      Reply
      • Basavaraj Tonagatti

        May 11, 2017 at 10:21 AM

        Shaji-Give the request letter to your bank for stopping auto deduct option.

        Reply
        • KS Reddy

          May 23, 2017 at 8:28 PM

          can’t we cancel through a site or call to SBI, Is it mandatory to go to bank

          Reply
          • Basavaraj Tonagatti

            May 25, 2017 at 10:49 AM

            Reddy-Yes, physical application submission is required.

            Reply
            • Mahadev

              October 6, 2017 at 12:44 PM

              If we are taking this policy online then why you have not provided online option to stop this policy if we don’t want to continue?

              Reply
              • Mahadev

                October 6, 2017 at 12:58 PM

                I think you have deliberately not given this option to stop this policy.

                Reply
                • Basavaraj Tonagatti

                  October 6, 2017 at 6:02 PM

                  Mahadev-ME or Govt?? 🙂

                  Reply
              • Basavaraj Tonagatti

                October 6, 2017 at 6:02 PM

                Mahadev-ME or Govt?? ?

                Reply
        • Sakariya

          June 15, 2017 at 1:56 PM

          I don’t give any written or oral application to start this insurance, but the bank deducted my amount. I give a complaint and the manager refunded it. But next 2 years they deduct renewal fee. I give complaint letter again and they refund the same next year also. They said no option to stop this policy. My bank is SBI. What can I do?

          Reply
          • Basavaraj Tonagatti

            June 15, 2017 at 7:33 PM

            Sakariya-Without your consent they can’t deduct the money on their own. In my view either you have given the written application or clicked the link (if you have internet banking facility). Also, bankers are claiming false here. You can stop the policy as and when you need.

            Reply
            • Sakariya

              June 15, 2017 at 8:27 PM

              I was working as Account and I was a regular customer of SBI at that time (going 2-3 times everyday, also all staff are my friends). And also I submit many applications of my colleagues to start this policy. I think that is why they deduct from my account also.

              Reply
              • Basavaraj Tonagatti

                June 16, 2017 at 9:42 AM

                Sakariya-How can your friend’s request be treated as YOUR’s and they start deducting money from your account? It is impossible.

                Reply
  25. Gaurav Patel

    April 8, 2017 at 7:49 PM

    Sir, I have taken both policy through SBI. now I submitted for Closure process, but SBI say they are no any procedure for closing related & so I have to continue even not requirement. what should I do next ?? please guide me.

    Reply
    • Basavaraj Tonagatti

      April 9, 2017 at 1:13 PM

      Gaurav-You request for ECS cancellation. Both will cancel automatically.

      Reply
  26. KRISHNA KANTA KUNU

    April 4, 2017 at 3:44 PM

    Dear sir,
    We enrol PMSBY THROUGH SBI NET BANKING & GATE THE CODE NO. LIKE SBIN… BUT NOT GETING ANY POLICY DOCUMENT, KINDLY ADVICE HOW I CAN GET THE POLICY DOCUMENT.

    Reply
    • Basavaraj Tonagatti

      April 4, 2017 at 10:16 PM

      Krishna-Check with bank or call above mentioned customer care number.

      Reply
  27. Guruswamy

    April 3, 2017 at 4:43 AM

    Iam in few day to do operation one knee ligmentear can I eligible to recive clim

    Reply
    • Basavaraj Tonagatti

      April 3, 2017 at 11:37 AM

      Guruswamy-In which product?

      Reply
  28. sourabh

    March 8, 2017 at 10:29 PM

    hi, i have PMJJBY and one other term policy, so in case of claim how can nominee submit Death certificate for both of them.

    Please suggest.

    Reply
    • Basavaraj Tonagatti

      March 9, 2017 at 11:54 AM

      Sourabh-You can get death certificate as many as you wish (in our state but not sure in your state).

      Reply
  29. Manish kumar

    February 16, 2017 at 12:22 PM

    How can i enroll online thru mobile call or sms to pmsy with SBI saving bank a/c……………
    Pl suggest…..

    Reply
    • Basavaraj Tonagatti

      February 16, 2017 at 12:56 PM

      Manish-As of now NO.

      Reply
  30. Prashant

    February 11, 2017 at 5:24 PM

    can I activated these Pradhan Mantri Suraksha Bima Yojana (PMSBY) on two different bank account? Eg. State bank of India & Bank of India

    Reply
    • Basavaraj Tonagatti

      February 11, 2017 at 5:52 PM

      Prashant-YES.

      Reply
      • P Mandal

        March 22, 2017 at 1:01 PM

        But you can not get advantage for both insurances. Benefit of two lac rupees will given for one certificate.

        Reply
        • Basavaraj Tonagatti

          March 22, 2017 at 6:38 PM

          Mandal-Both are separate and can be claimed in case of death.

          Reply
        • Basavaraj Tonagatti

          March 22, 2017 at 8:08 PM

          Mandal-Both are different products (one is life and another is accidental). Hence, based on plan features of both, you can claim at both side.

          Reply
  31. Sajal Kumar Dey

    February 5, 2017 at 8:42 AM

    I am EX IAF retired having applied for the PMSBY using my SBI net banking with reference no. generated for the same. But the acknowledgement receipt is showing as ” NOT APPLICABLE” in the social security scheme link where one can view the status. Without acknowledgement can the scheme be applicable to claim for the same in future in case of any accident??? Please do advise.

    Reply
    • Basavaraj Tonagatti

      February 5, 2017 at 9:42 AM

      Sajal-Check with bank of what went wrong (or with insurer if you know the company). If the status is not showing as ISSUED, then it is hard for you to get the claim.

      Reply
    • Jagadeesh

      June 23, 2018 at 4:47 PM

      sir, same problem faced by me. Did you get any solution for this?

      Reply
  32. Govardhanan T S

    January 31, 2017 at 8:31 PM

    Sir, How I can change my contact number in both PMJJBY & PMSBY. I registered both Policy from ICICI bank. I contacted the branch, they said that I have contact customer care. is that correct?

    Reply
    • Basavaraj Tonagatti

      January 31, 2017 at 8:40 PM

      Govardhanan-YES.

      Reply
      • Gocardhanan t S

        January 31, 2017 at 8:45 PM

        can you please provide the customer care number…?

        Reply
        • Basavaraj Tonagatti

          January 31, 2017 at 8:49 PM

          Govardhanan-It is already available in above post.

          Reply
  33. ankit jha

    January 31, 2017 at 7:42 PM

    my grandmother has expired and i have subscribed pmsby but she die by snake bite and we have not done posmatom and they are asking that but when i ask they also have option that another option we have complete and but know they are saying to bring posmatom

    Reply
    • Basavaraj Tonagatti

      January 31, 2017 at 8:38 PM

      Ankit-I am unable to understand of what is your concern.

      Reply
  34. Anand Bhadoria

    January 28, 2017 at 5:55 PM

    Can i Change nominee details of my PMSBY and how can i changed the same please Gide me

    Reply
    • Basavaraj Tonagatti

      January 28, 2017 at 8:05 PM

      Anand-Yes, you can change. Contact the bank or the concerned insurance company for the same.

      Reply
  35. Vinayak Yadav

    January 20, 2017 at 6:55 AM

    Sir I am Handicap student ..My account is in Bank of Baroda ..They told me handicap cannot apply for PMSBY . Is it true ?? ..All person can apply .why not handicap cannot apply ..pls help me.

    Reply
    • Basavaraj Tonagatti

      January 21, 2017 at 1:51 PM

      Vinayak-There is no such rule which mentioned anywhere. Hence, either let them show the rule or else let you to enroll.

      Reply
  36. PRATIK SWARUP GUCHHAIT

    November 9, 2016 at 5:16 PM

    Dear Sir,

    I have applied for PMJJBY & PMSBY. After 1 year, I found this is useless & I wanted to stop it. Accordingly, I have applied in bank. But both of the insurance is not stopping & it is deducting money. I want to stop these.

    Pls. suggest me how to stop this without closing my bank account.

    thanks,
    Pratik

    Reply
    • Basavaraj Tonagatti

      November 9, 2016 at 10:19 PM

      Prathik-The solution is to request bank for ECS.

      Reply
  37. PRATIK SWARUP GUCHHAIT

    November 9, 2016 at 5:12 PM

    Dear Sir,
    My father had PMSBY, my dad has been died by septick shock, I submitted all documents in bank & the bank personnel also forwarded the documents & they are telling it has been accepted. It happened 1 year before. After that, there is no information about the claimed money. Infact bank people also does not have any information. Could you please, suggest me, what can I do?

    Reply
    • Basavaraj Tonagatti

      November 9, 2016 at 10:20 PM

      Pratik-Find the insurer with the help of bank and directly contact the bank.

      Reply
  38. Sunitha

    November 3, 2016 at 6:43 PM

    Hi,

    Myself Sunitha lat year my brother expired i remember that he was telling dat he had made the Pradhan Mantri yojana now i need to know in which bank he has opened the insurance policy ,Sine he has 2-3 bank account when i went to bank and when i enquired about it dey told me that they cant check whether he had made any Pradhan Mantri yojana.

    Please let me know how would i check in which bank e has made the yojana.

    Reply
    • Basavaraj Tonagatti

      November 3, 2016 at 7:54 PM

      Sunitha-It is hard. But if you have access to his earlier bank statements, then you can track it easily.

      Reply
      • Sunitha

        November 4, 2016 at 11:36 AM

        No i don’t have it .Is there any other way for this .

        Reply
        • Basavaraj Tonagatti

          November 4, 2016 at 11:41 AM

          Sunitha-Hard to find but if bankers help then you can.

          Reply
  39. Abhishek Dubey

    September 28, 2016 at 1:13 PM

    Dear Sir,
    One of my client died on 29 July 2015 , his family submitted all required document to bank where client maintain his account & deduct policy amount (Central Bank Of India ), in December-15 bank told to resubmitted the all document and client family again submitted the document still family not received the claim amount,
    Which type of policy you are providing the people or only collect the amount from bank account & when any person ask for claim you just clear your hand ,
    Also bank not support the client family, they are continuously coordinate with bank and bank told for complaint online , they are illiterate and think that PM give us any good facility but now they want his claim amount and bank or all not response them because they are illiterate , its not good please find below detail or help to him ASAP .

    Policy No : LICCBINXXXXXXXXXX
    PREMIUM AMOUNT : 330
    NAME: MR VINOD NAMDEO
    BANK: CENTRAL BANK
    FAMILY CONTACT NO : XXXXXXXXXX (MUKESH )

    Thanks & Regards,
    Abhishek Dubey

    Reply
    • Basavaraj Tonagatti

      September 28, 2016 at 1:27 PM

      Abhishek-You have to contact the insurer also, why you are waiting?

      Reply
      • SK

        October 26, 2016 at 8:32 PM

        Why don’t you provide details about the insurer sir? Do you really think it’s possible for a layman to reach the insurer? What’s the bank manager doing in this case?

        Reply
        • Basavaraj Tonagatti

          October 28, 2016 at 8:31 PM

          SK-How can I know which insurer issued to each individual? Bank Manger know who is the insurer but not ME.

          Reply
          • SK

            October 28, 2016 at 9:12 PM

            Oh, I thought as you did so much research about this, you probably know the main concern, who’s the insurer and how to reach them 😉

            Reply
  40. Shobhnath Kushwaha

    September 26, 2016 at 9:29 PM

    my sister in law dead on road accident she had account in pmjjby and pmsby what amount her nominee will recieve

    Reply
    • Basavaraj Tonagatti

      September 26, 2016 at 9:48 PM

      Shobhnath-Rs.4 lakh.

      Reply
      • Shobhnath Kushwaha

        January 10, 2017 at 3:56 PM

        But we received only 2 lakhs , we had applied for both what can we do now

        Reply
        • Basavaraj Tonagatti

          January 10, 2017 at 6:03 PM

          Shobnath-Check with them.

          Reply
  41. Ashwini

    September 16, 2016 at 3:37 PM

    Hi Saurabh,

    Say in cases the insurer is met with accident with critical injuries and survived. So can be request for claim to settle medical bills.

    Reply
    • Basavaraj Tonagatti

      September 16, 2016 at 3:53 PM

      Ashwini-Medical bills will not be reimbursed. However, in case of total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot-Rs.2 lakh and in case of total and irrecoverable loss of sight of one eye or loss of use of one hand or foot-Rs.1 lakh will be receivable as compensation amount.

      Reply
      • Ashwini

        September 16, 2016 at 5:11 PM

        but i had a word with executive Maharashtra on the toll free nos listed. They assured in case damage is critical relief of half amount is assured.

        Reply
        • Basavaraj Tonagatti

          September 16, 2016 at 7:23 PM

          Ashwini-I am not sure about their claim. But as per my knowledge I updated the same by referring the product feature.

          Reply
  42. sourabh

    September 12, 2016 at 8:07 AM

    my father my died by heart attack can we apply for clain of pmsby

    Reply
    • Basavaraj Tonagatti

      September 12, 2016 at 10:31 AM

      Sourabh-NO.

      Reply
    • Sanjay

      September 14, 2016 at 3:04 PM

      You can claim under PMJJBY if he is below 50 yrs. and if he has opted for it.

      Reply
  43. KARTHIK

    August 19, 2016 at 1:51 PM

    Hi sir ..
    can we claim PMJBY for a heart attack or only for accidents.. plz reply me

    Reply
    • Basavaraj Tonagatti

      August 19, 2016 at 4:58 PM

      Karthik-PMJJBY is a typical life insurance product. Hence, only deaths are covered but not diseases.

      Reply
  44. Dharil kothari

    August 9, 2016 at 2:14 PM

    I have to bank accounts SBBJ and ICICI.
    I register for Pradhan Mantri Suraksha Bima Yojana and
    Pradhan Mantri Jeevan Jyoti Bima Yojana on SBBJ bank account.
    Now i want to close my sbbj account and want to transfer this coverage to ICICI bank.
    Is it possible if yes then what is the process.?

    Reply
    • Basavaraj Tonagatti

      August 9, 2016 at 5:00 PM

      Dharil-Instead of closing, you can opt for ICICI Bank ECS.

      Reply
      • Dharil kothari

        August 10, 2016 at 11:35 AM

        Actually i don’t want my sbbj account any more.But want to continue Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana. Please tell me process to opt for ICICI Bank ECS.

        Reply
        • Basavaraj Tonagatti

          August 10, 2016 at 2:48 PM

          Dharil-Contact the bank.

          Reply
          • Dharil kothari

            August 11, 2016 at 11:02 AM

            Thanks

            Reply
  45. Shikha

    August 8, 2016 at 11:11 AM

    Hi,

    If our parents has enrolled to PMSBY but they also have a medical insurance cover provided by the organization where I work. So in that case , if any accidental death happen, Can we claim for the amount from both PMSBY and other insurance. Or we can claim from any of the one?

    Reply
    • Basavaraj Tonagatti

      August 8, 2016 at 11:46 AM

      Shikha-You can claim from both.

      Reply
      • shikha

        August 8, 2016 at 12:00 PM

        Mr. Basavaraj,
        Thanks for the quick reply!!

        Reply
        • Basavaraj Tonagatti

          August 8, 2016 at 12:01 PM

          Shikha-Pleasure 🙂

          Reply
  46. Pijush Kanti Mishra

    July 13, 2016 at 4:34 PM

    Sir,
    I have not received of Rs:330 & Rs:12 certificate as on date after completed two years.
    Kindly help me.

    Reply
    • Basavaraj Tonagatti

      July 13, 2016 at 5:12 PM

      Pijush-Contact your bank or the above said toll free number.

      Reply
  47. Laxmi Narayan Vyas

    July 12, 2016 at 1:13 PM

    In May 2015, Mene ICICI bank se PMSBY, yojna mey SMS Dwara polisy le the, no deduction from my account and no response regarding the said policy. from L. N. Vyas, Bikaner

    Reply
    • Basavaraj Tonagatti

      July 12, 2016 at 5:28 PM

      Laxmi-check with bank.

      Reply
  48. Anil kumar chaudhary

    July 12, 2016 at 12:57 PM

    I already registered myself in PMSBY through ICICI bank through S. B. Account. But I have no documents for this policy. How Can I get any policy paper or any other documents regarding PMSBY?

    Reply
    • Basavaraj Tonagatti

      July 12, 2016 at 5:33 PM

      Anil-Contact either bank or above mentioned toll free number.

      Reply
  49. santhosh

    July 9, 2016 at 2:52 PM

    Sir we have a pmsuraksha bhina policy we did it for my father one year back and we reneaveld it for this year also but my father was death naturally 25 days back can we claim the policy my father’s age was 67 years

    Reply
    • Basavaraj Tonagatti

      July 9, 2016 at 4:32 PM

      Santosh-YES.

      Reply
  50. keshav

    July 9, 2016 at 8:57 AM

    Sir plz tell me .
    I am having my certificate no.of pmsby but I don’t know my customer id and plz tell me this also how could I find out all my details of pmsby. Plz tell

    Reply
    • Basavaraj Tonagatti

      July 9, 2016 at 2:17 PM

      Keshav-You call to insurer for the same.

      Reply
  51. Govardhanan T S

    July 8, 2016 at 1:17 PM

    I have registered in PMJJBY & PMSBY from 2015 June through SBI bank. I have received the Policy certificated for PMJJBY for 2015 & 2016. However how can I get Policy certificate for PMSBY. is there any Email id is available. Please advise.

    Reply
    • Basavaraj Tonagatti

      July 8, 2016 at 5:57 PM

      Govardhnan-Check with your employer.

      Reply
      • Govardhanan TS

        July 11, 2016 at 11:49 AM

        Employer? who is the Employer? you mean the Bank?

        Reply
        • Basavaraj Tonagatti

          July 11, 2016 at 12:04 PM

          Govardhanan-Sorry, contact your bank.

          Reply
  52. Nikesh Patel

    July 5, 2016 at 7:38 PM

    Hello
    I have two SBI accounts at different locations. Now I want to transfer one of the account and CIF number to another account where my both PMJJBY & PMSBY is activated. On transfer what will be the status of my these policies. From where auto debit will be carried out?

    Reply
    • Nikesh Patel

      July 5, 2016 at 7:39 PM

      Note: Policies are currently into account which is to be transferred

      Reply
    • Basavaraj Tonagatti

      July 5, 2016 at 7:46 PM

      Nikesh-If the ECS mandated account closes, then the policies will be lapsed. Hence, request for ECS from the account, which you want to continue.

      Reply
  53. KANWAL JIT SINGH

    June 20, 2016 at 7:42 AM

    SIR

    I HAVE A POLICY IN PMSY SINCE ITS STARAT DATE FROM SBI AND MONEY IS DEDUCTED 2ND YEAR ALSO. I NOTICED THAT THE PARTICULARS OF THE NOMEE IS NAME WHEREAS I HAVE GIVEN NAME OF NOMEE OF MY WIFE IN ALL ACOUNTS EVEN IN RELATED ACCOUNTS OF PMSY. APPROACHED BANK ALSO , NO SOLOTION, HOW I CAN GET IT CORRECT, PL ADVICE

    REGARDS

    Reply
    • Basavaraj Tonagatti

      June 20, 2016 at 10:45 AM

      Kanwal-Then you can contact the insurer directly.

      Reply
  54. CHANDAN DASGUPTA

    June 20, 2016 at 12:48 AM

    IS SUCIDE BY HANGING IS COVERED IN PMSBY FOR CLAIMING THE INSURED MONEY.PLEASE INFORM

    Reply
    • Basavaraj Tonagatti

      June 20, 2016 at 10:47 AM

      Chandan-Usually suicide clause will be applicable in regular life insurance after a year. But I am not sure about these two. May be same rules.

      Reply
  55. G.sridevi

    June 16, 2016 at 4:26 PM

    I joined in the pradhanamanthri jjby policy certificate in last year may in icici bank. But they are debiting 330from my account from 2 yesr .but iam not having sny policy certificate. They are not responding properly. I called customer care service.but no use.i need policy certificate. If not I have to cancel how can I do this. Please reply.

    Reply
    • Basavaraj Tonagatti

      June 16, 2016 at 5:34 PM

      Sridevi-Call to Toll Free numbers mentioned in above post (at the end).

      Reply
  56. GIRISH PAI K

    June 15, 2016 at 11:35 AM

    Dear Sir

    I am already paying insurance premium from last two years for PMSBY and PMJJBY through my SBI account. But I have not received my insurance policy till date. When I enquired with SBI, they do not have any answer.

    Will I get this online or is it not issued till date. pls help me in this.

    regards
    Dr Girish Pai K

    Reply
    • Basavaraj Tonagatti

      June 15, 2016 at 5:36 PM

      Girish-The only point is to contact Bank.

      Reply
  57. Chintan

    June 13, 2016 at 10:35 PM

    Dear Sir,

    I am having 2 savings account in Different Bank. Last year I opted for PMJJBY & PMSBY from one of the bank & Premium is deducted regularly.but this year without my consent the other bank has deducted my Premiums for both the policy. Is it possible to get refund from anyone bank. What is the procedure to take refund? where should i file my complaint?

    Reply
    • Basavaraj Tonagatti

      June 14, 2016 at 9:21 AM

      Chintant-You can’t get back. But you can question how they deducted without your consent.

      Reply
  58. Anand Prakash

    June 13, 2016 at 8:08 PM

    Sir, my mother take both pmjjy & pmsby from central bank of India. Due to road accident she death 11th of June 2016.which one i calim & is my policy is eligible for both policy benefit?

    Reply
    • Basavaraj Tonagatti

      June 14, 2016 at 9:23 AM

      Anand-Yes, eligible for both.

      Reply
  59. Mishra ji Dubai

    June 4, 2016 at 3:17 PM

    Sir, mai dono policy liya tha but mai Rs.330 wala policy close karna chahta hu,or mai 31st may ko bank balance 50 rupye kar diya to mera Rs. 12 wala policy auto debit ho gya, kya mai agr bank me paisa fir dalunga to fir se Auto renew to nai hoga Rs.330 wala plan??

    Reply
    • Basavaraj Tonagatti

      June 4, 2016 at 5:40 PM

      Mishra-No, it will not auto-renew now.

      Reply
      • Mishra ji Dubai

        June 4, 2016 at 5:57 PM

        How Quick.. waw
        Thank you for swift response…

        Reply
    • Krishnamohan Yadav

      June 15, 2016 at 3:47 PM

      wrong, its same condition is my. i am also withdrawal all money in my Releted Account of PMSBY & PMJJBY. but after 31 may 2016 date in that account in no money. but just i deposit some money in my account in 12 june 2016 than he deducted 330 & 12 RS in my account on yesterday.
      any body help me how to deactivated any one Service in my Bank account.

      Reply
      • Basavaraj Tonagatti

        June 15, 2016 at 5:15 PM

        Krishnamohan-The ECS will happen on the particular date but not on whenever you deposit the money. Contact the bank if such things happened.

        Reply
  60. Bablu sony

    June 3, 2016 at 1:27 PM

    Sir my mother taken a pmjjy policy on 09-05-2016 unfortunately my mother death on 21-05-2016 can i claim this policy or please send me a mail or cal my mb 09063112675

    Reply
    • Basavaraj Tonagatti

      June 3, 2016 at 1:28 PM

      Bablu-If the policy issued date is before the death of your mother, then you can claim the insurance amount.

      Reply
    • subho

      June 3, 2016 at 9:01 PM

      hlw sir meri papa ne 330 ka policy liye hain 30/05/2016..or un ki died 03/06/2016 main ho gaya kya main unki 330 ka jo policy hain uska CLAIM pasakung gaa..plz sir ans…

      Reply
      • Basavaraj Tonagatti

        June 3, 2016 at 9:56 PM

        Subho-Yes, only if the policy commencement date is before 03/06/2016.

        Reply
        • subho

          June 4, 2016 at 10:52 AM

          sir kya main 200000 kya claim pasakung gaa…

          Reply
          • subho

            June 4, 2016 at 11:12 AM

            hlw sir main ne bank giya tha..bank bale ne bola apki papa ne jo policy kiya hain 30/05/2016 uska claim jo 03/06/2016 app nehi payengee .. jo date se kiya hain 45 days main kichu hota hain up uski koye claim panengi nehi …haaa apki papa …30/05/2016 jo policy kiya hain uski 45 days gujar jani kain bath died hojathi hain app claim paa sakthi hain..

            policy jo date se app kar rahin hain uski 45 days main kuch hota hain up koyi claim nehi payengi nehi…

            Reply
            • Basavaraj Tonagatti

              June 4, 2016 at 6:13 PM

              Subho-Let him show the 45 days rule in policy document.

              Reply
          • Basavaraj Tonagatti

            June 4, 2016 at 6:14 PM

            Subho-I already replied.

            Reply
  61. ALOK KUMAR

    June 2, 2016 at 12:21 PM

    HII SIR..
    I AM NEW TO THESE POLICY .ACTUALLY SIR I WANT TO ASK YOU THAT CAN I APPLY FOR BOTH THE POLIC PMJJBY AND PMSBY.AND IF IN CASE I CAN DO IT THEN CAN I CLAIM FOR BOTH THE INSURANCE POLICY AT A TIME.

    Reply
    • Basavaraj Tonagatti

      June 2, 2016 at 1:25 PM

      Alok-Whether to subscribe to both or not is purely depends on you. However, yes, if subscribed to both and death happens means your nominee receive the money from both the policies.

      Reply
  62. Abhilash

    May 30, 2016 at 3:13 PM

    Sir i want to pay premium of pmjjby and pmsby from other bank ac, my ac at icici bank where i enroll, but restriction of minimum balance i want to close, now i pay from other sb ac. and how

    Reply
    • Basavaraj Tonagatti

      May 30, 2016 at 5:07 PM

      Abhilash-You have to register the new bank first then you are eligible to pay.

      Reply
  63. Arun Sahu

    May 28, 2016 at 2:27 PM

    I am Arun Sahu, my father name is Shiv Kumar Sahu who has died on 28-Nov-15 in a road accident & having account in SBI, Yashoda Nagar, Kanpur, Uttar Pradesh & taken the PMSBY policy, i have submitted all the required documents with required concern filled form with my mother (Sudha Sahu) signature in above mentioned SBI branch in the guidance of assistant branch manager in very next days of death of my father, after so many days, i have received a letter from above mentioned SBI branch in which again asked for same documents so i visited in above mentioned SBI branch and again i have submitted all the required documents with required concern filled form with my mother (Sudha Sahu) signature but still not got any proper response.

    ?I have received from above mentioned SBI branch only a registry number as per above mentioned SBI branch register in which above mentioned SBI branch has send all the documents to National Insurance Company Limited, PMSBY HUB Jeevan Bhawan.

    So request you to kindly help & do the needful for the same so that we can give up from the same.

    Reply
    • Basavaraj Tonagatti

      May 28, 2016 at 6:01 PM

      Arun-Why not you directly contact National Insurance Company?

      Reply
  64. POOJA

    May 28, 2016 at 12:14 PM

    hello sir,
    my state bank saving account is rs. 12/- auto matic,
    but i don’t have any form and right to sbi bank..i fill form in our other bank indian bank

    both bank debited rs. 12/- in my account…

    how can remove sbi auto debit facilities

    Reply
    • Basavaraj Tonagatti

      May 28, 2016 at 6:03 PM

      Pooja-Request for ECS audo debit stoppage letter to SBI.

      Reply
  65. Sanjay kashyap

    May 28, 2016 at 6:50 AM

    Sir meri sister NE pmjjy bank SE liya that aur uska Rs 330 bhi a/c SE kata gaya hai…
    Meri sister ki death policy lene ke 41 day ho gaya
    Kya uske nomini ko claim milega

    Reply
    • Basavaraj Tonagatti

      May 28, 2016 at 10:53 AM

      Sanjay-YES.

      Reply
    • Shitesh kori

      May 28, 2016 at 12:53 PM

      Sir mere bhai ki pmsby aor LIC dono me policy he. Kya mai dono claim kar sakta hun.

      Reply
      • Basavaraj Tonagatti

        May 28, 2016 at 6:02 PM

        Shitesh-When he is living means how you can?

        Reply
  66. Sharad

    May 26, 2016 at 5:11 PM

    last year i applied. but this year i dont want this scheme. so what i should do

    Reply
    • Basavaraj Tonagatti

      May 26, 2016 at 7:28 PM

      Sharad-Request your bank to stop ECS.

      Reply
  67. rajib karmakar

    May 22, 2016 at 3:55 PM

    Sir,may Bsf may hu,muja 1 sal ho gaya 330,12 dono policy kiya hua,abhi take bond paper nahi mila hay.may RAJESTHAN barmer 37 Bsf Kay jawan hu.

    Reply
    • Basavaraj Tonagatti

      May 22, 2016 at 5:41 PM

      Rajib-Contact Bank.

      Reply
  68. Surjeet Gill

    May 18, 2016 at 7:24 AM

    A person entering the PMJJBY at the age of 50 has paid only one premium. Say, the person dies the same year once the premium is paid in full and policy enforced, will he get claim with the payment of one premium?

    Reply
    • Basavaraj Tonagatti

      May 18, 2016 at 8:24 AM

      Surjeet-Yes, without any doubt.

      Reply
  69. pradeep kumar G

    May 16, 2016 at 4:46 PM

    dear sir insurance 330RS and 12Rs bond is not came.. please help me

    Reply
    • Basavaraj Tonagatti

      May 17, 2016 at 7:38 AM

      Pradeep-Contact Bank. It is the case with many.

      Reply
    • Bablu sony

      June 5, 2016 at 8:23 PM

      Sir how to claim pmjjyp send me the proseseure

      Reply
      • Basavaraj Tonagatti

        June 5, 2016 at 10:01 PM

        Bablu-Refer my earlier post “How to claim Pradhan Mantri Jeevan Jyoti Bima Yojana or Pradhan Mantri Suraksha Bima Yojana?“.

        Reply
  70. anish

    May 15, 2016 at 7:32 PM

    I am having both pmjjby and pmsby policies. I would like to cancel.both. i contacted my bank..they replied they are helpless to cancel. How can i cancel my policy..

    Reply
    • Basavaraj Tonagatti

      May 16, 2016 at 10:20 AM

      Anish-Simple, write a letter to bank to stop ECS. Both the policies will cancel automatically.

      Reply
  71. karthikeyan

    May 13, 2016 at 1:26 PM

    Sir,
    I taken both pmjjby and pmsby policies in one private bank. Now I will go to close my bank account. How can I move both policies to other Bank.

    Reply
    • Basavaraj Tonagatti

      May 13, 2016 at 8:02 PM

      Karthikeyan-You have to write the insurer about bank change (I hope you received the policy documents).

      Reply
  72. ANNIKA

    May 13, 2016 at 12:35 AM

    Several banks are deducting Rs 12 from my account towards PMJBY without my permission. How to stop these bl00dy deductions? In spite of complaints they keep debiting.

    Reply
    • Basavaraj Tonagatti

      May 13, 2016 at 8:18 AM

      Annika-You have to give written instruction to stop such ECS.

      Reply
  73. pankaj pathak

    May 12, 2016 at 5:09 PM

    Sir i want to know if i have closed account then what happened of pmjjby and pmsby scheme ?

    Reply
    • Basavaraj Tonagatti

      May 12, 2016 at 6:30 PM

      Pankaj-Both policies will be lapsed as you not paid the premium.

      Reply
  74. Dharmender

    May 7, 2016 at 11:12 PM

    Sir i m taking PMJJBY@330 per annum . Or mera sbi bank branch haryana me h. Lekin maine pmjjby scheme ko Imphal. Manipur k sbi bank se liya h. Or mera 330 rs bhi imphal sbi me hi deduct hota h . Kya mai is scheme ko haryana k apne sbi branch me transfer kar skta hu. Plz detail me

    Reply
    • Basavaraj Tonagatti

      May 8, 2016 at 9:38 AM

      Dharmendar-Yes, you can. Contact the Haryana SBI Branch.

      Reply
  75. Kishore

    April 25, 2016 at 1:22 PM

    Sir,

    I need your suggestions regarding baby schemes. My baby girl age is 20 days. Which are the best schemes for long term. I can spend 5000 per month. can you suggest men LIC schemes or fixed deposits or any postoffice schemes.

    Right now I have only idea about SUKANYA SAMRIDHI scheme. Other than this i have no idea. If you give your suggestions, It ll be great help for me.

    Reply
    • Basavaraj Tonagatti

      April 25, 2016 at 1:37 PM

      Kishore-Stay away from any baby schemes. Start investing in mutual funds and buy term insurance to protect your life.

      Reply
      • kishore

        April 25, 2016 at 4:04 PM

        Thank you soo much for your valuable suggestions. I need to R&D about mutual funds. Can you give me small example how it will be.

        Reply
        • Basavaraj Tonagatti

          April 25, 2016 at 10:15 PM

          Kishore-It is vast subject. How can I give everything in comment section?

          Reply
  76. Kishore

    April 25, 2016 at 12:04 PM

    I Applied for both Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) from Statebank of india. But now download acknowledgement is showing “notapplicable” . What does it mean.

    Reply
    • Basavaraj Tonagatti

      April 25, 2016 at 12:50 PM

      Kishore-You have to contact the banker.

      Reply
      • Kishore

        April 25, 2016 at 1:18 PM

        Thank you Basavaraj for very quick response 🙂 As per the SBI customer care, We need to contact local branch(where we have account). Right now I am far away from that.

        Not only for me. For my sister’s account also showing like that. Do you have any idea about that is this schemes are in active or not? It will be great.

        Reply
        • Basavaraj Tonagatti

          April 25, 2016 at 1:36 PM

          Kishore-It is hard for me arrive at decision. That is the reason, I said contact bank.

          Reply
        • Pradeep Sharma

          June 21, 2016 at 8:42 PM

          hi Kishore has the problem resolved as i too face same problem. what bank says?

          Reply
  77. Vijay

    April 25, 2016 at 9:53 AM

    Hello sir,
    I am 47 years old men I want enroll for pmjjby .
    After I am attaining 55 yrs what will happen
    Means they said that after attaining 55 yrs your membership will be canceled I did not understand this .
    Whether I will get money when I attain 55 yrs of age
    Pls clarify

    Reply
    • Basavaraj Tonagatti

      April 25, 2016 at 11:42 AM

      Vijay-No, you will not get any money back. Because these are pure risk-taking products.

      Reply
  78. rashmi ranjan panda

    April 13, 2016 at 3:22 PM

    sir i have not summited adhar card with pmjy policy and pmsby.then there is any issue or not and can i get policy aggrement paper in soft or hard copy..pls reply on my mail id.

    Reply
    • Basavaraj Tonagatti

      April 15, 2016 at 11:29 AM

      Rashmi-Better you now submit it. No, it will be in hard copy.

      Reply
  79. Sudhakar Chopra

    April 2, 2016 at 7:03 AM

    Sir, As soon as PMJSBY started, I went online and bought one on 29 Jun 15 online from SBI. The money got deducted, but I did not receive any documents, online or otherwise.

    What can be done?

    Reply
    • Basavaraj Tonagatti

      April 2, 2016 at 7:43 PM

      Sudhakar-Contact your bank. It is the case with many people.

      Reply
  80. M.SURESH

    March 18, 2016 at 12:50 PM

    i hv submitted application to STATE BANK OF INDIA ,ERNAKAULAM FOR PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA and PRADHAN MANTRI SURAKSHA BIMA YOJANA.Premium amounts deducted in june,2015 and policy copy recd from bank.noticed nominee name ie my daughter name spelled out in thePRADHAN MANTRI SURAKSHA BIMA YOJANA policy wrongly whereas the other policy it was correct.when approached for correction, bank officials informed unaware of the procedure,they only deduct premium,due to GOI pressure to handle that work,nothing more than that.I gave a letter to bank in writing and got acknowledgement in july 2015,but no action till date despite personal enquiries with bank officials and also various mails to SBI LIFE AND teletalks. My application copy and savings bank account clearly spells the correct name.In case of any future claim,this typographical mistake in name done at the level of bank/national insurance,difficult fir settlement.pl suggest ways for getting correction in nominee name.

    Reply
    • Basavaraj Tonagatti

      March 18, 2016 at 5:17 PM

      Suresh-You personally visit to SBI LIFE and rectify it. No option.

      Reply
  81. pawar p.j.

    March 2, 2016 at 6:45 PM

    Sir kya ham pmjjy ko multiple kar sakte hai

    Reply
    • Basavaraj Tonagatti

      March 2, 2016 at 7:24 PM

      Pawar-NO.

      Reply
  82. K.r.chakraborty

    February 25, 2016 at 2:53 PM

    Sir. My wife having pmjsby of 12 rupees. She met on accident and died on the spot on 27 09 2015 . I have submitted claim on 15 10 2015 just after 18 days. But till date 26.02.2017 i did not receive payment. I have already complain to bank and chairman but not to avail.whom should i complain now.prime minister or finance minister. Please advise.

    Reply
    • Basavaraj Tonagatti

      February 25, 2016 at 8:11 PM

      Chakraborty-Write to PM and make sure your bank also must know this. They need a heat treatment. Please do it at the earliest.

      Reply
  83. Ankita Singh

    February 19, 2016 at 10:38 PM

    Dear Sir,
    My DOB is wrong in my pmsby certificate. Please advise me that how can i change my DOB & it is possible or not.
    Awaiting yours
    Regards

    Reply
    • Basavaraj Tonagatti

      February 21, 2016 at 9:11 PM

      Ankita-Yes, you can change it.

      Reply
  84. r.srinivas rao

    February 5, 2016 at 12:00 PM

    SIR,my sb account was debted for rs 12 under PMSBY scheme ON 1-7-2015.but so far i did not receive the policy .when i enquired in the sbi bank they asked me to contact you .please suggest ways to get the policy .my SBI ACCOUNT NO IS 8571980 2157,DILSUKNAGER BR HYDERABSD ,TELANGANA.
    amounnt of rs 12 was deducted from account on 01-07-2015.if possible please send copy of said policy
    ,

    Reply
    • Basavaraj Tonagatti

      February 5, 2016 at 1:21 PM

      Srinivas-They suggested to contact me? I am not authorized person to issue that policy.

      Reply
  85. Abhi

    January 30, 2016 at 3:01 PM

    Hello,
    Are both schemes of Pradhan Mantri yogna tax benefited? Though it looks small amount but still.

    Also i am unable to find or get the enrollment receipts/acknowledgement letters for my enrollment. Where do i get them from

    Reply
    • Basavaraj Tonagatti

      February 1, 2016 at 11:28 AM

      Abhi-ONLy PMJJBY is eligible for tax benefits. You contact your bank for receipts.

      Reply
  86. Satya

    January 17, 2016 at 8:19 PM

    Respected Sir,
    My self Satya, I have enrolled for bith the schemes through my online banking account and money has been deducted from.my account rs. 12 and rs. 330. And I can see under social security tab that it is shwing the two schemes active but should I get any policy papers from the bank (SBI, Delhi University branch) ?? Or the auto dedudcted money in pass book wud be the proof.

    Reply
    • Basavaraj Tonagatti

      January 17, 2016 at 9:20 PM

      Satya-I think they will not send if the status is available online.

      Reply
  87. Shrikar

    January 12, 2016 at 11:03 PM

    Hi Sir, I am 25 years of age, and working for monthly salary in a private company. I am paying income tax every year.. In this case, am I eligible to PMSBY and PMJJBY..? Because I understand that these schemes are only for the benefit of poor. So, can the middle class, upper middle class, high class people and regular IT payers shall avail these schemes??

    Reply
    • Basavaraj Tonagatti

      January 13, 2016 at 11:54 AM

      Shikar-Yes, you are eligible. But think twice of what will be the value of Rs.5,000 when you retire.

      Reply
  88. Sadanand Giradkar

    December 15, 2015 at 11:23 AM

    Dear Sir
    Which type of accident cover under this Bima yojna. is snake bite death Comes under pradhanmantri suraksha bima yojna. Please mention.

    Reply
    • Basavaraj Tonagatti

      December 15, 2015 at 2:18 PM

      Sadanand-Please go through the policy document to understanding about the covering and exclusions.

      Reply
  89. p.sarkar

    December 12, 2015 at 11:40 AM

    sir, can we open pmjjby from any branch of my bank,or i have to open in my particular branch.

    Reply
    • Basavaraj Tonagatti

      December 12, 2015 at 5:23 PM

      Sarkar-For better service, I suggest to open in your branch.

      Reply
  90. vamsi

    December 1, 2015 at 7:49 PM

    Sir, my mother applied for PRADHAN MATRI SURAKSHA BIMA YOJANA ON 27th May 2015. The Indian Bank authorities debited the amount of Rs.12 on 02nd June 2015. She met with an accident on 06th June 2015. But she died on 12th September 2015 while undergoing treatment. Post Mortem Report also shows that she died due to the accident related injuries. Now, the bank officials rejected the claim of the nominee on the plea that the amount was debited on 2nd June 2015 and the policy commenced from 1st July, 2015 and hence the accident cover can not be applied. They are not considering the fact that she died on 12th September and she was covered by policy as on the date of death. They have also not considered the fact that she applied for this scheme on 27th May itself. Further, it is nowhere mentioned in the rules of this scheme that the date of accident is main criteria for this scheme. Please throw light on this issue and guide me accordingly. My phone number is 09989285929. Kind reply. Regards.

    Reply
    • Basavaraj Tonagatti

      December 2, 2015 at 11:49 AM

      Vamsi-If the commencement date is from 1st July and death occurred on 12th September, means they have to accept the claim. Instead of discussing the issue with bank, I suggest you to contact the insurance company itself. If your complaint is not answered, then complain with IRDA.

      Reply
      • sanjeev kumar

        May 28, 2016 at 2:39 PM

        sir mera account icici bank me mere account se 12 rupaye cat ta h mujhe koi paper ni mila h abhi tak mujhe kya karna h bta do

        Reply
        • Basavaraj Tonagatti

          May 28, 2016 at 5:58 PM

          Sanjeev-It is the problem with many. Contact bank.

          Reply
  91. Vivek Kapoor

    December 1, 2015 at 7:04 PM

    This is regarding my “Father-in-Law” who met accident and situation was so critical that doctor kept him in ICU but could not do anything much to treat him before his body gets normalize ( For 10 days ) ,Family members brought him home where he died same night ,Now when family reached out to PnS bank team for same they asked for postmortem and FIR which they never had as this happened in house and person who hit him ran away.Now question is what can be done to get this moving as bank people not taking this responsibility and family members are very weak financially.Please assist/advise as there should be at least some way to get this moving for humanity at least

    Regards
    Vivek Kapoor

    Reply
    • Basavaraj Tonagatti

      December 2, 2015 at 11:54 AM

      Vivek-Why can’t contact the insurance company?

      Reply
      • Vivek Kapoor

        December 2, 2015 at 4:05 PM

        Basavaraj : This is “pradhan mantri jeevan jyoti bima yojana” ,So in such cases to whom we can escalate ? becoz as a human being i want to help them in this tough time.

        Reply
        • Basavaraj Tonagatti

          December 3, 2015 at 12:28 PM

          Vivek-In my view, the better approach will be to contact insurance company.

          Reply
  92. Nayan Roy

    November 23, 2015 at 12:06 PM

    I have already claimed under PMJJBY. But the bank manager is saying that you cannot claim in case the insured died within 45 days from the date of opening of insurance. As the insured person died within 35 days he is not agreeing to proceed furthur. What should I do??Please Suggest.

    Reply
    • Basavaraj Tonagatti

      November 24, 2015 at 7:13 AM

      Nayan-It is purely wrong. Let them show the rule book of 45 days claim.

      Reply
  93. Nayan Roy

    November 20, 2015 at 11:18 AM

    Is it necessary that claim must be done within 30 days from the date of death of insurer under PMJJBY??

    Reply
    • Basavaraj Tonagatti

      November 20, 2015 at 12:29 PM

      Nayan-There is no such restrictions.

      Reply
  94. raheman

    November 19, 2015 at 2:34 PM

    hi sir
    can i claim this insurance for my income tax 80c ….

    Reply
    • Basavaraj Tonagatti

      November 19, 2015 at 4:44 PM

      Raheman-Which one?

      Reply
  95. Nayan Roy

    November 19, 2015 at 1:31 PM

    Sir, Is there any 45 days no claim period under PMJJBY. My brother in law had insured under PMJJBY on 27th August, 2015 and he died due to heart attack on 3rd Oct. 2015. So, Can I claim this insurance. Please guide.

    Reply
    • Basavaraj Tonagatti

      November 19, 2015 at 4:53 PM

      Nayan-Yes, you can claim as the life risk start from the date of issue of policy.

      Reply
  96. Milind Patil

    November 18, 2015 at 10:52 AM

    i bought policy of PmJJBY throught Axis Bank, and i got the policy document on my E-mail. But bi-mistake it was deleted permanently by me. Even i dont know the Policy Number. how do i get the Policy document. Please suggest.

    Reply
    • Basavaraj Tonagatti

      November 18, 2015 at 12:34 PM

      Milind-Contact bank for the same.

      Reply
  97. ASHISH KUMAR

    October 31, 2015 at 7:10 PM

    SIR
    I want to know the contribution ratio between the state government and central government in this Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana .
    Thank you

    Reply
    • Basavaraj Tonagatti

      October 31, 2015 at 8:39 PM

      Ashish-There is no contribution from state governments.

      Reply
  98. manju

    October 26, 2015 at 6:11 PM

    dear sir my mom was pradhan mantri jivan bhima yojana holder she death in 20 sept 2015 when was insurence money coming sir send me answer please

    Reply
    • Basavaraj Tonagatti

      October 26, 2015 at 6:49 PM

      Manju-First contact either insurance company or bank and inform about the death and provide proof. Then wait for their reply.

      Reply
  99. Angiras

    September 27, 2015 at 4:46 PM

    what happen if i didnot die at the age of 50.did i get the money? under PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA (PMJJBY)

    Reply
    • Basavaraj Tonagatti

      September 27, 2015 at 4:57 PM

      Angiras-Both are pure insurance products. Hence, if nothing happens to you then there is no maturity amount.

      Reply
  100. Mukesh

    September 24, 2015 at 3:37 PM

    Sir, the actual problem was my dob is in correct in my PAN so in my bank details is also same dob. Now I process for change my dob in my PAN. In Other document my dob is correct like aadhaar card and 10th marksheet as well. on the besic of these document can i apply for change my DOB in Bank and My PMJJBY.

    Please guide me.

    Regards
    Mukesh

    Reply
    • Basavaraj Tonagatti

      September 24, 2015 at 5:23 PM

      Mukesh-Then first update your date of birth in PAN and later submit the same to your bank.

      Reply
  101. Mukesh

    September 24, 2015 at 3:14 PM

    Hello, sir I get Pradhan Mantri Jeevan Jyoti Bima Yojna but my DOB is Wrong In policy document which i get. Please guide me How i can change my DOB in ploicy document.

    Reply
    • Basavaraj Tonagatti

      September 24, 2015 at 3:21 PM

      Mukesh-Contact your bank. Because KYC was done through them.

      Reply
  102. Ravinder dande

    September 13, 2015 at 7:20 PM

    who will get the benefits of scheme if die at 50 or early age

    Reply
    • Basavaraj Tonagatti

      September 14, 2015 at 11:06 AM

      Ravinder-Your nominee.

      Reply
  103. DEEPAK SUWALKA

    September 10, 2015 at 11:52 AM

    Form ko bharne Ka example or documents kya submit Karne hai pmjjby Ka claim Lena hai

    Reply
    • Basavaraj Tonagatti

      September 10, 2015 at 11:59 AM

      Deepak-Visit Bank, they guide you.

      Reply
  104. Ashok

    August 23, 2015 at 1:07 AM

    Dear Sir,

    I want to enrol this policy for my sister and want auto-deduction of money from my bank account.
    Is this possible? If no what is alternative way. My sister don’t have a bank account.

    BR,
    Ashok

    Reply
    • Basavaraj Tonagatti

      August 23, 2015 at 7:48 PM

      Ashok-Open bank account in your sister’s name and then subscribe for this plan. You can’t buy it for her.

      Reply
  105. Neelesh

    August 12, 2015 at 2:33 PM

    Sir,
    My father died on 3rd June due to heart attack. He had enrolled in Pradhan Mantri Suraksha Bima Yojna of Rs 12 and the amount was debited from the Bank (SBI). But when i went to the bank for claims, the authorities told me that it is only available in case of accident and not heart attack. Please guide me what should I do.
    Thank You

    Reply
    • Basavaraj Tonagatti

      August 12, 2015 at 6:13 PM

      Neelesh-You show them the below link, which clearly states that only DEATH but not accidental death. Hence, you are eligible for the claim.
      “RULES FOR THE PRADHAN MANTRI SURAKSHA BIMA YOJANA“.

      Reply
      • laxman

        October 23, 2015 at 10:55 PM

        Sir my father died dueto heart attack.but my father policy pmsby .I can claim

        Reply
        • Basavaraj Tonagatti

          October 24, 2015 at 11:00 AM

          Laxman-YES.

          Reply
      • nivedita

        November 11, 2015 at 5:57 PM

        But the website say:
        Sum Insured–

        Death due to accident-Rs.2 lakh.

        Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot-Rs.2 lakh.

        Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot-Rs.1 lakh.

        Reply
        • Basavaraj Tonagatti

          November 13, 2015 at 1:59 PM

          Nivedita-Sorry for consfusing, I felt his doubt is related to PMJJBY but not PMSBY.

          Reply
      • nivedita

        November 11, 2015 at 6:05 PM

        Well the pdf does say accidental death in its very first line.

        DETAILS OF THE SCHEME:
        The scheme will be a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident.

        Reply
  106. Rita Bist

    August 12, 2015 at 2:12 PM

    I wish to download my PMJSBY policy. Unfortunately I do not know the site for the same. Kindly help and oblige

    Reply
    • Basavaraj Tonagatti

      August 12, 2015 at 6:13 PM

      Rita-Sadly I too.

      Reply
    • Harry

      February 9, 2016 at 5:40 PM

      Contact the bank, they will provide after downloading online from participating insurance company.

      Reply
  107. Geetika Agarwal

    August 6, 2015 at 1:06 PM

    Hi Sir,

    I applied for both Pradhan Mantri Life insurance and Pradhan Mantri Accidental Insurance but mistakenly registered my name as nominee..
    I sent SMS again with other person as nominee but I got reply that it is already registered..
    When I reached to axis bank to change the nominee name , they said we just deduct fund and do not know how to change nominee name..
    Can you please guide me what should I do to change nominee name as it will be of no use if it remained unchanged..

    Reply
    • Basavaraj Tonagatti

      August 6, 2015 at 6:50 PM

      Geetika-Instead of contact Bank, try to contact insurance company and request for change of nominee.

      Reply
      • Geetika Agarwal

        August 10, 2015 at 2:45 PM

        In your reply what do you mean by “insurance company”…
        Since I enrolled in Pradan Mantri Yojna, so which company I contact to??

        Reply
        • Basavaraj Tonagatti

          August 11, 2015 at 1:30 PM

          Geetika-Contact the banker to identify the insurance company.

          Reply
  108. RAJESH KUAR KUSHWAHA

    August 6, 2015 at 11:55 AM

    Is there 45 days no claim period in case of natural death under PMJJBY Scheme?

    Reply
    • Basavaraj Tonagatti

      August 6, 2015 at 7:45 PM

      Rajesh-PMJJBY is a life insurance and risk starts immediately after accepting the premium.

      Reply
  109. kapil

    July 29, 2015 at 6:04 PM

    I had applied for PMSBY thru SMS. My account has been debited with Rs. 12/- but i have not got any certificate. Whom to contact ? Pls advise.

    Reply
    • Basavaraj Tonagatti

      July 29, 2015 at 8:42 PM

      Kapil-Contact your bank.

      Reply
  110. Shekhar

    July 24, 2015 at 2:14 PM

    How can I get “Certificate of Insurance” of PMSBY?

    Reply
    • Basavaraj Tonagatti

      July 24, 2015 at 3:28 PM

      Shekhar-Contact the Bank.

      Reply
  111. Krishna

    July 20, 2015 at 6:09 PM

    Dear Sir,

    Providing good information with clarity. I have one doubt, scheme been started by BJP government , tomorrow if some other comes what is the situation, whether the scheme will continue or possibility of withdrawing by new government .

    Thanks and Rgds
    Krishna

    Reply
    • Basavaraj Tonagatti

      July 20, 2015 at 8:42 PM

      Krishna-They continue but with providing less importance to such schemes. That is the reason I said never invest in schemes which are meant for political class benefits. They make you as a scapegoat.

      Reply
  112. Dipak

    July 13, 2015 at 4:53 PM

    Sir,
    I have applied PMJJBY from HDFC bank through SMS but bank not confirm me that time. so i have applied from bank of Maharashtra. now both bank has debited my a/c under same scheme. I have check with PMJJBY team they told this scheme only for one bank a/c you cancel your earlier request. also I had submitted application to bank of Maharashtra but bank’s person told they have no idea how to stop this policy. Please advise because both bank’s will debited my a/c in future for same scheme.

    Reply
    • Basavaraj Tonagatti

      July 14, 2015 at 12:53 PM

      Dipak-You provide the request for ECS cancellation from next year towards one bank.

      Reply
  113. Usman K

    July 5, 2015 at 4:38 PM

    Sir,
    I already enrolled in PMSBY & PMJJBY, and the premium already deducted from my State Bank of Travancore account.
    still I didn’t received any policy document. please advise me from where can I get the policy document.

    Reply
    • Basavaraj Tonagatti

      July 6, 2015 at 10:10 AM

      Usman-You have to wait.

      Reply
    • nirmal kishor

      July 11, 2015 at 1:34 PM

      I still check online for downloading certificate of PMSBY.
      But for PMJJBY
      please open this URL

      https://www.iciciprulife.com/certificateOfInsurance/certificateInsuranceCOIPMJJBY.jsp

      Reply
  114. MAHENDRA

    July 4, 2015 at 11:05 PM

    SIR MY DATE OF BIRTH IS 01/04/1965 CAN I TAKE BOTH POLICES AS AT PRESENT? PLZ REPLY ME THANKS

    Reply
    • Basavaraj Tonagatti

      July 6, 2015 at 10:23 AM

      Mahendra-The auto debit enrollment period is already over. You can enroll it for next year. Please check the enrollment eligibility conditions mentioned above.

      Reply
  115. Saibal Majumder

    July 2, 2015 at 4:27 PM

    Please clarify if the death of nominee holder is prior to the Policy Holder how I would change the name of nominee holder.

    Reply
    • Basavaraj Tonagatti

      July 3, 2015 at 11:30 AM

      Saibal-In all these, your banker and the insurance company (about which you will come to know after receiving the document) will be service providers. You can change nominee by simply submitting the letter to them.

      Reply
  116. Priya

    July 2, 2015 at 12:44 PM

    Hi,

    Sir,My family’s some members policy is through ICICI bank, they get certificate but my policy is through SBI internet banking, when i’ll receive the certificate of the same.

    Reply
    • Basavaraj Tonagatti

      July 2, 2015 at 12:56 PM

      Priya-They are still processing. Therefore, you have to wait.

      Reply
      • Priya

        July 2, 2015 at 1:06 PM

        Dear Sir,

        Thank you for your valuable reply,

        Through internet banking can it process correctly? i received 1 message that those policys activation through internet banking is stopped for few days. is it correct or not?

        Reply
  117. Subhadip Ghosh

    July 1, 2015 at 12:09 PM

    Can I join on this both policy at the month of November 2015?

    Reply
    • Basavaraj Tonagatti

      July 1, 2015 at 3:45 PM

      Subhadip-Enrollment period will be from 1st June 2015 to 31st May 2016. So you can enroll easily.

      Reply
  118. Narasimhareddy

    June 30, 2015 at 5:59 PM

    Sir,
    I Enrolled to PMSBY through ICICI bank because it is my salary account and If I changed my salary account to some other bank or if I stopped the transactions from ICICI bank then Is this Policy will be transfer to new bank account or Do I need to continue the relationship in the same bank where it was enrolled to till 70 Years of Age.

    Reply
    • Basavaraj Tonagatti

      June 30, 2015 at 6:10 PM

      Narasimhareddy-You can change the bank. But as of now such option is not mentioned in guidelines. Let us wait for few more days.

      Reply
      • Sandesh Sharma

        March 10, 2016 at 2:29 PM

        Hi Basavaraj,

        Can we now transfer the PMSBY & PMJJBY to other bank saving account?

        Please share the process, Thanks.

        Reply
        • Basavaraj Tonagatti

          March 10, 2016 at 4:51 PM

          Sandesh-I am not sure of this. Because there is no clarity on this issue.

          Reply
  119. anil

    June 26, 2015 at 1:36 AM

    Sir, my brother subscribed for pmjjby on 23 may 2015 but sadly he expired on 10 th June 2015 owing to heart attack, he has savings account in SBH, I have informed the bank about his death but bank officials said the said premium has not auto debited from his account. Sir , officials also said that they received receipt of his policy . sir I’m totally confused , kindly guide me !! Its urgent…

    Reply
    • Basavaraj Tonagatti

      June 26, 2015 at 9:34 AM

      Anil-How they received the receipt of policy without deducting the premium from his savings account? Check his bank statement. If the premium is deducted and you already received the receipt (even bank) then you can proceed for claim.

      Reply
  120. sharath

    June 25, 2015 at 12:11 PM

    Looks like bank guys and insurance companies are very much careless about these policies. i.e PMJBy and PMSBY. I have opted for both of them – when i got the policy – i am getting state as different and even city as well – rest details are correct.
    In one of the policy there are no details when policy starts and ends it shows as dd/mm/yyyy instead of date.
    Nominee details like Age are showing as NA.

    When i ask bank people they are saying it is system generated and nothing we can do on this. What the stupidity it is?
    Then i called toll free number – then they say that nothing we can do – we have to get it corrected by Bank – ask them to verify it .Either incase if person didn’t enter the details clearly/correctly then at the time of filling application it should be made clear – we do understand that there can be many applicants – if it’s not possible to manage it – then they shouldn’t be introduced.

    How can illetrates can identify it.

    There should be a method to change the incorrect details.

    Reply
    • Basavaraj Tonagatti

      June 25, 2015 at 1:27 PM

      Sharath-Whether the information available on policy documents matches the personal details provided in Bank? Because data will be collected from what you have give to Banks during KYC process. If anything is wrong then it is Bank, which have to rectify it.

      Reply
    • Saichaitanya

      July 13, 2015 at 12:47 PM

      Hi Sharath,

      Could you please confirm after how many days of amount debited you received the policy?

      I haven’t received the policy yet, though the amount was debited since more than a month. Moreover, I have taken follow-up with my Bank and Bima Yojana dept., but invain to get any response in the matter.

      Reply
      • Basavaraj Tonagatti

        July 13, 2015 at 1:12 PM

        Saichaitanya-No idea of how many days they take.

        Reply
  121. Harsh Garg

    June 22, 2015 at 3:27 PM

    Dear sir,
    Please tell me that is premium amount will get refunded back to the person after attaining the age of 55 yeard.Please reply it as soon as possible..
    Thanks

    Reply
    • Basavaraj Tonagatti

      June 22, 2015 at 4:13 PM

      Harsh-No, you will not receive any premium back.

      Reply
  122. Dasarath

    June 19, 2015 at 1:49 AM

    Dear Basu,

    Please forward the self declaration format for good health that can be accepted by LIC.

    Thanks in advance,
    Dasarath

    Reply
    • Basavaraj Tonagatti

      June 19, 2015 at 10:52 AM

      Dasarath-You get it at HERE.

      Reply
  123. N K Jain

    June 18, 2015 at 11:39 PM

    Sir,

    In case of savings bank a/c jointly held by a husband (41 years) and her wife (35 years) – the husband being the first holder and Income Tax payer whereas the wife has no source of income – can both of them enroll for PMJJBY, PMSBY and the wife for APY also? Please let me know

    Reply
    • Basavaraj Tonagatti

      June 19, 2015 at 11:01 AM

      Jain-Yes, you can enroll to all three.

      Reply
      • Kaushik Ghosh

        July 12, 2015 at 11:12 AM

        Wife Cant Join APY (As per PNB) Only Primary / First Holder can enrol APY.
        Please do clarify. Thanks!

        Reply
        • Basavaraj Tonagatti

          July 12, 2015 at 12:48 PM

          Kaushik-It is not yet clear about the joint account bank account holder rules. But if they show you the rule book then we have to accept. In my view there is no such rules available in APY portal.

          Reply
  124. chandru

    June 17, 2015 at 5:10 PM

    hi!
    If a person enrolled to both life and accident plan..suppose if he died due to accident can he claim for both?

    Reply
    • Basavaraj Tonagatti

      June 18, 2015 at 8:05 AM

      Chandru-Yes.

      Reply
  125. Piyush

    June 17, 2015 at 4:26 PM

    Hi Mr Basavaraj Tonagatti, i want to know something more on Pradhan Mantri Jan dhan yojna can you please help, i am MBA-marketing and working for a project, it will be of great help if you help on this.

    Reply
    • Basavaraj Tonagatti

      June 18, 2015 at 8:07 AM

      Piyush-What help you need? Almost all features are explained above.

      Reply
      • Piyush

        June 22, 2015 at 5:27 PM

        Hi Basavaraj,

        My query is, wanted to know the internal working of the bank for this project

        Reply
        • Basavaraj Tonagatti

          June 23, 2015 at 10:16 AM

          Piyush-What is your intention of knowing this back end process?

          Reply
  126. ashok kumar

    June 13, 2015 at 12:14 AM

    iam holding pension account with sbi alonwith my wife as joint account holder. can we seperately join the pm jeevan bheema yojna

    Reply
    • Basavaraj Tonagatti

      June 13, 2015 at 10:26 AM

      Ashok-If your age is withing the eligibility limit then you can be member of this.

      Reply
  127. sanjay bharne

    June 5, 2015 at 4:36 PM

    Hi,
    mistakenly I have enrolled into two different banks ,for which I am the account holder
    is there any possibility to stop one so that other bank policy will be continued

    Reply
    • Basavaraj Tonagatti

      June 5, 2015 at 10:29 PM

      Sanjay-You can contact a banker to cancel it.

      Reply
  128. CHANDAN

    June 1, 2015 at 3:04 PM

    I already registered myself in PMSBY through UBI ONLINE banking. But I have no documents for this policy. Can I get any policy paper or any other documents regarding PMSBY? If yes, How can i get that?

    Reply
    • Basavaraj Tonagatti

      June 1, 2015 at 6:45 PM

      Chandan-You receive it.

      Reply
  129. archna

    May 30, 2015 at 2:01 PM

    Sir,

    I send the message for both insurance polices. but till date I am not received any news regarding this.
    How do I know the process.

    Reply
    • Basavaraj Tonagatti

      May 31, 2015 at 11:23 AM

      Archana-Even mine also same 🙂 Contact your bank.

      Reply
  130. sumanta dutta

    May 29, 2015 at 10:02 PM

    Sir,

    I already registered myself in PMSBY through SBI ONLINE banking. But I have no documents for this policy. Can I get any policy paper or any other documents regarding PMSBY? If yes, How can i get that?

    Reply
    • Basavaraj Tonagatti

      May 30, 2015 at 9:47 AM

      Sumanta-You will get it and wait for some time.

      Reply
  131. Siva

    May 29, 2015 at 7:42 PM

    PMJJBJ,PMSBY and ATAL pension scheme comes under tax exemption?

    Your every post is being very useful..u r doing such a great work…every day I’m looking ur page even u not post anything on the day…all the best

    Reply
    • Basavaraj Tonagatti

      May 29, 2015 at 8:50 PM

      Siva-There is no such tax benefit of investing in these schemes. Pleasure to read your kind words 🙂

      Reply
  132. Mahavir

    May 29, 2015 at 11:11 AM

    please tell about which of other insurance company involve in ?

    Reply
    • Basavaraj Tonagatti

      May 29, 2015 at 8:34 PM

      Mahavir-As of now for Jeevan Jyoti Bima Yojana, LIC is the insurance company. But going forward they may include other private insurers too.

      Reply
  133. rajik

    May 29, 2015 at 10:32 AM

    Dear sir

    as you mention the last date for enrollment for both scheme as 31.05.2015.
    can’t I enroll after 31 May or in June or then after is not possible.
    If yes then what will the policy commencement date.

    Please reply at the earliest as possible.
    awaiting for your valuable feedback.

    Reply
    • Basavaraj Tonagatti

      May 29, 2015 at 8:36 PM

      Rajik-You can still enroll for it. But let us wait which commencement date they consider.

      Reply
      • rajik

        May 30, 2015 at 9:59 AM

        In some artical I saw the Jeevan Jyoti Bima Yojana Premium is comparatively high from others is it right, still it is right to move for it or do we choose any other which better from this. pls suggest.

        Reply
        • Basavaraj Tonagatti

          May 30, 2015 at 10:56 AM

          Rajik-When you see the current trend in term insurance (especially online term insurance), then you may feel it bit costly. However, this is a life for low earning people who never thought to buy life and accidental insurance. Because no one approached to educate about the life risk and how to protect it.

          Reply
  134. Nisha

    May 27, 2015 at 9:16 AM

    Hi
    Thanks for the write up! It is a very helpful article and I would like to subscribe the both schemes.

    Let me clarify one thing, Is it NRE/NRI Savings Account can subscribe this? (A/c @ SBI)

    Best Regards
    Nishasurabhi

    Reply
    • Basavaraj Tonagatti

      May 28, 2015 at 10:19 AM

      Nisha-As I pointed above, I think these schemes are not meant for NRIs. But as of now there is no clarity on this. Also, they specifically mentioned that ALL SAVINGS ACCOUNT HOLDERS but not NRE/NRI Savings Account holders.

      Reply
  135. RP Mahesh

    May 26, 2015 at 8:33 PM

    Hi Basavaraj,

    My dad is insured in LIC. As this scheme is maintaining by LIC company , is my dad eligible for this scheme?
    If yes, will he get covered for both schemes(LIC + PMJJBY) ?

    Reply
    • Basavaraj Tonagatti

      May 26, 2015 at 8:53 PM

      Mahesh-If he is eligible according to the age set by these plans then he can buy. Existing LIC insurance will not be considered for this product eligibility.

      Reply
  136. SMITHA S NAIR

    May 26, 2015 at 11:31 AM

    It is a very good article , quite informative. My doubt is applicablity of this scheme to NRIs. As already mentioned all NRIs may not be rich. So is this scheme applicable to NRIs? If applicable can they use the online platform available across different banks?

    Reply
    • Basavaraj Tonagatti

      May 26, 2015 at 1:18 PM

      Smitha-All NRIs will have huge cash flow. However, they lack in a skill to create wealth. Also do you feel NRIs hungry of just Rs.2 lakh life and accidental insurance? I don’t think so. By the way, this scheme is not meant for NRIs. Let us see the official declaration on this and decide 🙂

      Reply
  137. joydeep majumdar

    May 25, 2015 at 12:50 AM

    Dear sir,

    My wife and I have a joint account only, no other bank account. Can we both have this polices?

    Reply
    • Basavaraj Tonagatti

      May 25, 2015 at 7:48 AM

      Joydeep-I think you both can enroll.

      Reply
  138. Arun Udumbassery

    May 24, 2015 at 12:50 PM

    Hi Sir,

    I tried submit this policy using SBI online net banking more than 10 times, but some message got display the message is “Sorry, unable to process your request. Please try later.”how can I enroll this policy through online net banking

    Reply
    • Basavaraj Tonagatti

      May 24, 2015 at 6:12 PM

      Arun-Why can’t visit the branch directly?

      Reply
  139. Sathish

    May 24, 2015 at 12:04 AM

    Good Article. More over replying to all the comments and clearing many doubts

    Reply
    • Basavaraj Tonagatti

      May 24, 2015 at 8:14 AM

      Sathish-Pleasure 🙂

      Reply
  140. Rames

    May 21, 2015 at 8:27 PM

    Can a person (age 30) join in both policies (Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana). Or is it like any one of them. When tried online in SBI after joining one plan its not allowing to join in other.

    Reply
    • Basavaraj Tonagatti

      May 22, 2015 at 6:50 AM

      Rames-You can join both the schemes. But I don’t know what went wrong in case of SBI. You can visit to the branch and subscribe.

      Reply
  141. sundar

    May 20, 2015 at 2:30 PM

    my dad is 54 ( government servant) can he apply for this scheme , ??? do they have restrictions in this , that only middle class people should only apply like that ???

    Reply
    • Basavaraj Tonagatti

      May 20, 2015 at 5:41 PM

      Sundar-No such income barrier. However, check the age limit set for. If your father is eligible then go ahead.

      Reply
      • sundar

        May 21, 2015 at 9:05 AM

        Thank you for your reply, i have one more quest

        Reply
      • sundar

        May 21, 2015 at 9:07 AM

        what about atal pension scheme??? how to approach

        Reply
        • Basavaraj Tonagatti

          May 21, 2015 at 10:45 AM

          Sundar-I already written a post on this. Please go through “Atal Pension Yojna (APY)-New Pension Scheme details and benefits“.

          Reply
  142. G SURESH BABU

    May 20, 2015 at 7:26 AM

    shall we apply in any branch of SBI (excluding home branch)? I want to support contract drivers plying in different areas through-out India, for all the drivers (having S.B A/c in different states) can we apply in one branch by mentioning SB A/c no?

    Reply
    • Basavaraj Tonagatti

      May 20, 2015 at 8:15 AM

      Suresh-Yes, you can apply so. But need an official who have knowledge and actual concern to spread this 🙂

      Reply
  143. Laishram Leingakpa

    May 19, 2015 at 1:06 PM

    Dear all, I’m a visually challenged. Am I eligible for this scheme? When I enquired in my concern bank one of the staff told me that they are not sure whether disabled individuals are eligible for this scheme. There is a refusal syndrome among the officials if its not written clearly that persons with disabilities are eligible for something. Is it necessary to write that irrespective of sex, age, mental status, physical abilities/disabilities everyone can avail a certain scheme dispite mentioning that every individual of a certain age group can avail?

    Reply
    • Basavaraj Tonagatti

      May 19, 2015 at 2:43 PM

      Laishram-From the fine print of product details, I have not found any such restrictions. Hence, you are very much eligible for this scheme.

      Reply
      • NIRAJ DAVE

        June 6, 2015 at 1:32 PM

        Dear Basu,

        Please guide if below statements are true in respect of all 3 schemes of GOVT. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). and Pradhan Mantri Suraksha Bima Yojana (PMSBY). and Atal Pension Yojna.

        There is confusion among many people with regard to PM’s insurance scheme. Many are under the impression that all Saving Bank account holders are eligible for the scheme. In some banks based on the submission of application the accounts have been debited with premium amount.

        There is no ambiguity in the scheme. In the guideline draft it is very clearly mentioned about the eligibility criteria.
        INELIGIBLE PERSONS are:
        1) Central and state government employees
        2) Public sector employees including bank
        3) Any person who has taxable income as per IT act, 1961
        4) Persons who are included in the aam admi Bima yojana covering 48 occupations.
        5) A person who has already taken life cover under any IRDA approved insurance policies.
        please visit http://www.pmjdy.gov.in/pdf/guide_30k_lic_pmjdy.pdf for full details.
        If any Bank has received premium from non eligible persons, The same can recovered with Interest. If the Bank refuses complaint can be lodged to OMBUDSMAN

        Reply
        • Basavaraj Tonagatti

          June 6, 2015 at 8:11 PM

          Niraj-You are raising doubts about PMSBY, PMJJBY and APY. But providing the link of Jan Dhan Yojana. Please note that Jan Dhan Yojana is different than these schemes.

          Reply
          • NIRAJ DAVE

            June 8, 2015 at 12:26 PM

            Hi Basu,
            I just want to know that all individual are eligible or not for PMSBY, PMJJBY and APY. if any condition where any indivudual is not eligble under these scheme.

            Reply
            • Basavaraj Tonagatti

              June 8, 2015 at 8:24 PM

              Niraj-All individuals are eligible and the few conditions are mentioned above.

              Reply
              • Rakesh Mishra

                October 8, 2015 at 5:25 PM

                how to cancel PMJJBY … done by online sbibanking

                Reply
                • Basavaraj Tonagatti

                  October 9, 2015 at 11:37 AM

                  Rakesh-Contact bank and ask for cancellation of auto debit option against this scheme.

                  Reply
                  • Rakesh Mishra

                    May 4, 2016 at 2:46 PM

                    my home branch manager says he is not able to cancel auto debit (ecs) .
                    i am give application to him also mail to sbi life please help me for auto debit cancel .

                    my home brach 01276 central mket lajpat ngr new delhi i am very disturb for him..

                    my con no 09818366491

                    Reply
                    • Basavaraj Tonagatti

                      May 4, 2016 at 2:53 PM

                      Rakesh-Yes, the request must come from SBI Life.

                • Santosh

                  February 13, 2017 at 4:01 PM

                  Were you able to cancel the auto-debit? What is the procedure?

                  Reply
                  • Basavaraj Tonagatti

                    February 13, 2017 at 6:11 PM

                    Santosh-Yes, you can. You have to give the instruction to bank for the same.

                    Reply
                    • Santosh

                      February 13, 2017 at 6:16 PM

                      Thanks for a quick reply Basavaraj! Just wanted to check if you submitted hand written application or Do they have a printed form for that? (My account is with SBI)

                    • Basavaraj Tonagatti

                      February 13, 2017 at 6:24 PM

                      Santosh-There is no specific format. However, it depends on banks. Hence, better you check with your bank.

  144. Ravikumar

    May 18, 2015 at 4:43 PM

    Dear Basava Raj,

    Very good informative article…From the article, I understood these 2 insurance products are must for every Indian…btw, can we take these policies for higher sum by paying additional premiums?

    Ravi, MyInvestmentsPub.com

    Reply
    • Basavaraj Tonagatti

      May 18, 2015 at 5:28 PM

      Ravikumar-Problem is, there is no maximum or minimum sum assured in these two. You will get only Rs.2 Lakh SA.

      Reply
  145. Ravi Raj Trivedi

    May 17, 2015 at 11:09 PM

    Hi Mr.Basu, Thanks Man For all your posts, as my earlier comment i ask u that why government don’t make Term Insurance Compulsory, and what-ever your answer was. I just fell that “Bhagwan ne meri sun li.” OR “Government ne meri sun li” ha ha ha ha.
    I think your blogs become guidelines for our Governments. :- )
    And as u said i encourage all people to take these term insurance spaciously to those who can not afford as we can.

    THANK BASU ! Hates Off To You !

    Keep Writing.

    Reply
    • Basavaraj Tonagatti

      May 18, 2015 at 5:56 PM

      Ravi-Pleasure 🙂 But only hindrance is offering Rs.2 lakh sum assured. Instead, if they offered it based on individual requirement then it may be a great.

      Reply
  146. Dibyendu Kumar Banik

    May 16, 2015 at 11:11 AM

    Dear Sir

    Thank you for writing this article on Pradhan Mantri Suraksha Bima Yojana(PMSBY).
    But we need clarification on one aspect which has not yet been highlighted.
    How can an individual already enrolled under PMSBY raise a claim when needed and what documents needed to be furnished.Since we have not received any Card/Certificate of sort as document to register for the claim.
    Also how will the claim if raised and accepted will be processed and what will be the time frame within which the transaction/s be completed.
    Kindly share your thoughts or ideas on these attributes.

    Reply
    • Basavaraj Tonagatti

      May 16, 2015 at 11:27 AM

      Dibyendu-Good question. Your banker is a contacting point of service in case of a claim. Bank in return will submit the documents to insurance companies.

      Reply
  147. satyaveer

    May 15, 2015 at 10:07 PM

    i have reliance guaranteed money back plan…is it c
    omes under IRDA….pls tell

    Reply
    • Basavaraj Tonagatti

      May 16, 2015 at 11:44 AM

      Satyaveer-Yes, as this product is offered by Reliance Life.

      Reply
  148. Sarang Panajkar

    May 14, 2015 at 5:09 PM

    Hi,

    Is there any condition that customer shall not have any other insurance than these once to avail the benefit?

    Thanks & Regards,
    Sarang

    Reply
    • Basavaraj Tonagatti

      May 14, 2015 at 5:33 PM

      Sarang-No such conditions to avail this scheme.

      Reply
  149. sriram

    May 13, 2015 at 9:51 AM

    I submit online netbanking but some message got display the message is “Sorry, unable to process your request. Please try later.”how to enroll this policys in online netbanking

    Reply
    • Basavaraj Tonagatti

      May 13, 2015 at 11:46 AM

      Sriram-May I know your bank? I suggest to try once.

      Reply
  150. Kirthan

    May 12, 2015 at 6:41 PM

    Hi Basu,

    Thanks for the article.

    Can you provide us the PARTICIPATING BANK list?

    Thank you

    Regards,
    Kirthan

    Reply
    • Basavaraj Tonagatti

      May 12, 2015 at 7:49 PM

      Kirthan-As of now I think all Public Sector Banks and major Private Sector Banks offering it. Once the list updated or released then I share the same.

      Reply
  151. Vinod Singh

    May 12, 2015 at 4:12 PM

    Hi Basu,

    Can you please also share some information on “Atal Pension Yojana” started by Narendra Modi.

    Thanks & Regards,
    Vinod Singh

    Reply
    • Basavaraj Tonagatti

      May 12, 2015 at 5:50 PM

      Vinod-Sure, will do soon.

      Reply
  152. harish

    May 12, 2015 at 9:51 AM

    Hi Sir,
    I have joined Personal Accident Insurance Scheme (premium of rs.200 per year with auto debit ) when I Opened account in SBI for this particular accont, Now can I join newly announced Accident(PMSBY) and Life Insurance Scheme(PMJJBY) by prime minister for this same account. Note( my previous insurance scheme is not PMSBY and PMJJBY )

    Reply
    • Basavaraj Tonagatti

      May 12, 2015 at 11:17 AM

      Harish-You can go ahead and buy both the schemes.

      Reply
      • harish

        May 12, 2015 at 11:28 PM

        Hi Sir,
        1. Where do i Want to submit my form? I have filled in forms(PMSBY and PMJJBY) with me and now I am staying in out of my home town. But my account is in my home town SBI Branch.

        2.Can I submit filled in forms to any SBI Branch or do I want to send it to my home branch(SBI) where I am holding my account?

        3.It is very useful if I able to submit any one of sbi branch. Waiting for your reply.

        Reply
        • Basavaraj Tonagatti

          May 13, 2015 at 8:49 AM

          Harish-You can submit it to your SBI Bank. I think any branch of SBI is acceptable, no issue in that.

          Reply
  153. archana

    May 11, 2015 at 5:15 PM

    can a person join pmsby and pmjby at the same time?
    limited time at disposal , we need a quick response from you.
    archana

    Reply
    • Basavaraj Tonagatti

      May 11, 2015 at 6:04 PM

      Archana-Yes, you can join both the schemes at the same time.

      Reply
  154. Abhishek

    May 11, 2015 at 4:43 PM

    If one subscribe to both policies i.e. PMJJBY and PMSBY, then if there is death due to accident, whether in that case one would get claim of Rs.4 Lacs [2 + 2 ] ?

    Reply
    • Basavaraj Tonagatti

      May 11, 2015 at 6:04 PM

      Abhishek-Good question and answer is YES. Because, both the policies are treated as separate.

      Reply
  155. Gautam

    May 11, 2015 at 3:33 PM

    Hi Mr.Basu,

    Again you have come up with excellent article. Thanks a lot.

    I have one query , How does partial disability and disability define in PMSBY ?

    Does it cover injuries, expenses on medical treatment etc.?

    Regards,
    Gautam

    Reply
    • Basavaraj Tonagatti

      May 11, 2015 at 5:59 PM

      Gautam-It is usually defined with some % disability, which doctors certify.

      Reply
      • Niraj Dave

        May 12, 2015 at 11:03 PM

        Partial disability here means – Loss of both eyes or loss of both the hands or loss of both the legs or one eye or one leg or one hand. Here you will get Rs 2 lac and if its only one eye or one hand or one leg you will get Rs 1 lac.

        Reply
        • Gautam

          May 13, 2015 at 1:00 PM

          Thanks Niraj & Mr.Basu.

          Reply
  156. Pradeep Mitagar

    May 11, 2015 at 1:14 PM

    Dear Mr. Basu,

    First I would like to thank you for sharing the information.
    Today I subscribed to your posts.

    As I am newbie to the insurances I am looking for best life insurance plan that covers pure life insurance and health insurance. insurance..

    Please do call me @ 8553469862 in your free time I want to discuss with you.
    I wish good luck for your future articles.
    Thanks to you!

    Regards,
    Pradeep

    Reply
    • Basavaraj Tonagatti

      May 11, 2015 at 2:23 PM

      Pradeep-I already written few posts on your requirement. Please go through them “Best online Term Insurance Plans in India for 2015-A comparative list” and “IRDA Incurred Claim Ratio-How to choose the best health Insurance?“.

      Reply
  157. Satish

    May 11, 2015 at 6:50 AM

    Good Information …

    Also cover Terms and condition and where we need to go for claim ..

    Insure is an easy process but to claim its so much tedious and lengthy process .. i think..

    Reply
    • Basavaraj Tonagatti

      May 11, 2015 at 11:08 AM

      Satish-As of now they have not shared any info on this. But in all probability, it will be insurance companies who manages this scheme. I will update once I get the information on the same.

      Reply
      • Satish

        May 11, 2015 at 12:21 PM

        Thanks .. Keep it up..

        Reply
  158. Rahul Khandelwal

    May 10, 2015 at 11:35 PM

    Dear Mr. Basu,

    I am subscribed to your and I regularly read your posts which are really useful and full of updates. You are very well fulfilling the objective of spreading awareness!

    Now, as far as this post is concerned, its great that Govt. has introduced a scheme of insurance. OK its fine. But, what is new about introducing a term plan and an accidental policy with a different name? No novelty. OK, I understand its not for higher Income groups. But the same could have been done by LIC itself -> by introducing a new line of product. I might be mistaken since I am not getting the objective of involving Central Govt. at this much level. Its absurd.

    Anyway, That was just about the scheme.

    I wish good luck for your future articles.
    I am sure, I will always have good read of them.
    Thanks to you!
    God bless you sir!

    Regards,
    Rahul

    Reply
    • Basavaraj Tonagatti

      May 11, 2015 at 11:42 AM

      Rahul-The problem with LIC is, it is offering term insurance since long back (even the popularity of term insurance came through private insurer). But term insurance being a low premium product, neither LIC officials nor agents promote it. That is the apathy of LIC.

      Reply
  159. Jeevan Singh

    May 10, 2015 at 9:12 PM

    Good information. Thanks a lot for your service Mr. Basavaraj.

    Reply
    • Basavaraj Tonagatti

      May 10, 2015 at 9:32 PM

      Jeevan-Pleasure and request you to please share this valuable information to all known (especially labours, small and medium business owners and all low earning individuals).

      Reply
  160. Suhas Zanje

    May 10, 2015 at 3:12 PM

    Sir,

    I am regular follower of your posts…….You are doing great ojb by educating the educated people like me…..Thanks a ton….

    I have one query to above post is whether this scheme is applicable to NRI as well?

    Reply
    • Basavaraj Tonagatti

      May 10, 2015 at 8:54 PM

      Suhas-Do you feel this much life and accidental insurance actually suffice your need? This is meant for all low earning people to have at least a bit of support. But for NRIs, I don’t think it suites (even if it is available to them).

      Reply
      • Sushila

        May 22, 2015 at 6:42 PM

        Not every NRI is rich, their are contract workers with no job security

        Reply
  161. Rohit Mistry

    May 10, 2015 at 11:08 AM

    Thanks Sir, for information and knowledge sharing, My Question is Premium amount may be increase in future. and final output depend on Claim clearance , But good move by government in Social Security

    Reply
    • Basavaraj Tonagatti

      May 10, 2015 at 9:04 PM

      Rohit-Let us see. Usually in life insurance premium will be same throughout the period. This being the typical group insurance, I don’t feel they raise premium in middle.

      Reply
  162. Narendar Kumar

    May 10, 2015 at 9:32 AM

    Best insurance plan at low premium. Preference can be given to nationalized bank which have tie-up with LIC for better claim settlement.

    Reply
    • Basavaraj Tonagatti

      May 10, 2015 at 9:17 PM

      Narendra-Banks are just collection agents of your premiums. They don’t have any rights over claim settlement. Hence, banks not matter. Also LIC alone not manage this scheme, it is shared with other private insurers. Please read above lines carefully. I already mentioned that.

      Reply
      • Raj

        August 31, 2020 at 9:47 PM

        how much coverage will one get if he enrol for both pmjjby and pmsby and dies due to accident.
        Will the nomineevget 4 lacs

        Reply
        • Basavaraj Tonagatti

          August 31, 2020 at 10:01 PM

          Dear Raj,
          Yes, it is Rs.4 lakh.

          Reply

Leave a Reply Cancel reply

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

Sidebar

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.

Enter your email address

Categories

  • Banking
  • Consumer Rights
  • EPF and PPF
  • Insurance Planning
  • Investment Planning
  • Mutual Fund
  • Real Estate
  • Real Life Stories
  • Retirement
  • Tax Planning
  • Uncategorized

Subscribe to our YouTube Channel

Recent Posts

  • Latest NPS exit and withdrawal Rules 2021
  • Interesting Tax Dispute – Whether Sachin Tendulkar Actor or Cricketer?
  • List of Index Funds in India 2021
  • 7.15% Power Finance Corporation NCD Bonds 2021 – Review
  • ENEMY No.1 of your investment
  • 39 Year Multimillionaire’s Tesla stock value is Rs.83 CRORE – What we can learn?

Are you looking for Unbiased, Simple and Conflict-Free Financial Planning Service?

We neither SELL any product nor representative of any Insurance or Mutual Fund Companies.

We offer you an unbiased Fee-Only Financial Planning Service.

GET STARTED

    Follow along on social media

Get in touch with us here

Address: Basavaraj Tonagatti,
1446, Aastha, Sir M Vishweshwarayya Layout, 5th Block, Bangalore-560056.

Phone: (+91) 9019580450

Email: tonhokrani@gmail.com

Subscribe to our newsletter

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.

Enter your email address

© Copyright 2020

Return to top