Tuesday, September 8, 2015

SB order 10/2015 Implementation of Pradhan Mantri Jeevan Jyoti (PMJJBY) and Suraksh Bima Yojana(PMSBY) schemes in CBS Post Offices

  • The Hon’ble Prime Minister of India has launched Pradhan Mantri Suraksha Bima Yojana (PMSBY),  Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana . Both the PMSBY and PMJJBY  schemes are to be implemented  from 07-09-2015 in all the Post Offices which are on CBS platform and the commencement of Atal Pension Yojana will be intimated shortly.
  • SB order 10/2015 deals with the implementation of PMJJBY and PMSBY schemes.
  • Software solution for accepting premium under both the schemes is being deployed in      Finacle application and it is available from 07th september 2015 in all CBS Sos/HOs.
  • For these schemes Date of Birth, Gender and Nominaton are mandatory if these details are not updated then invoke the menu CMRC  and modify the said details.
  • For enrollment of PMJJBY and PMSBY schemes a new menu is introduced in the DOP Finacle application i,e, CPMY.
  • Premium for these schemes should be transferred from POSB account only i..e, when we enter the account number in CPMY menu then system will automatically debit the premium amount( Rs 330 for PMJJBY and Rs 12 for PMSBY)  from SB account.
  • At present in DOP Finacle Software these schemes are enabled only for Single account holders only and for joint account holders/Atal Pension Yojana schemes are under development and will be circulated shortly.
  • Accounting procedure for both the schemes is under process and will be circulated shortly.
  • It is further informed that Government has given to both the schemes exemption from SERVICE TAX
  • For DIrectorate SB order 10/2015 copy click the below screen shot.



    • Posted: 07 Sep 2015 12:14 AM PDT
    • The Hon’ble Prime Minister of India has launched Pradhan Mantri Suraksha Bima Yojana (PMSBY),  Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana . Both the PMSBY and PMJJBY  schemes are to be implemented  from 07-09-2015 in all the Post Offices which are on CBS platform and the commencement of Atal Pension Yojana will be intimated shortly.
    The details of the Schemes are as under: 
      
    Sl. No.
    Details
    PMJJBY
    PMSBY
    1
    Term of scheme
    1 year and renewable after 1 Yr
    1 year and renewable after 1 Yr
    2
    Premium payable per Annum
    Rs.330/-
    Rs.12/-
    3
    Scheme offered By
    LIC or other Life Insurance Companies.
    Public sector General Insurance COs (PSGIC)
    4
    Eligible age group
    18 to 50 Years
    18 to 70 Years
    5
    Termination
    on attaining 55 Years/ Closure of POSB account
    on attaining 70 Years/ Closure of POSB account
    6
    Mode of payment
    Auto transfer from POSB account
    Auto transfer from POSB account
    7
    Claim can be preferred
    on death
     On Accidents and death due to accidents
    8
    Sum Assured  Payable
     on death
    Rs. 2 Lakhs
    Rs. 2 Lakhs
    on loss of both eye, hand and foot

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

    Rs. 1 Lakhs





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

    Operating procedure in Finacle

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


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


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


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


              Pradhan Mantri JeevanJyoti Bima Yojna(PMJJBY)


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