Bank customers can stop PMJJBY auto-debit at their bank

zeenews.india.com

Bank account holders can stop the annual Rs 436 auto-debit for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) insurance policy. This action prevents future deductions. To halt the auto-debit, account holders must visit their bank branch, including SBI and post office accounts, and request the PMJJBY premium payment be stopped. This is crucial for those who no longer wish to participate. The PMJJBY provides a Rs 2 lakh life insurance coverage for those aged 18-50, with the premium deducted annually. The policy runs from June 1st to May 31st and is renewable.


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Bank customers can stop PMJJBY auto-debit at their bank | News Minimalist