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Modalities for implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)

RBI - RBI/2014-15/585 - Dated:- 5-5-2015 - RBI/2014-15/585 DCBR.BPD (PCB ) Cir.No. 8/12.05.001/2014-15 May 5, 2015 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Government of India, Ministry of Finance intends to roll out Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme and Pradhan Mantri Suraksha Bima Yojana (PMSBY) from June 1st, 2015. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme offers life insurance worth ₹ 2 lakhs at ₹ 33 .....

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a system driven IT mode, the UCBs in co-ordination with the insurance companies concerned would also be required to introduce the necessary module for this purpose in their CBS package and in the software for the handheld devices of BCs to enable on-line enrolment etc. The acknowledgement slip may be made into an acknowledgement slip cum certificate of insurance. 3. All Primary Urban Cooperative Banks not operating under directions u/s 35 A of BR Act, 1949(AACS) with full CBS implementation and .....

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