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How to Cancel PMJJBY in SBI

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If you are no longer interested in continuing your Pradhan Mantri Jeevan Jyoti Bima Yojana policy, understanding how to cancel PMJJBY in SBI is important. The cancellation process is simple and can be done either online or offline. Whether you want to stop future premium deductions or switch to another plan, here’s a clear breakdown of how to cancel PMJJBY in SBI quickly and safely.

 How to Cancel PMJJBY in SBI Through Net Banking or YONO

The fastest method is online cancellation. Here’s how to cancel PMJJBY in SBI digitally:

  1. Log in to SBI Net Banking or the YONO app.
     
  2. Go to e-Services or Service Request.
     
  3. Select PMJJBY under Insurance Services.
     
  4. Choose Deactivate/Cancel PMJJBY.
     
  5. Confirm your request.

Once confirmed, your policy gets terminated instantly, and no future premiums will be auto-debited. This is the most convenient option when searching online for how to cancel PMJJBY in SBI.

 How to Cancel PMJJBY in SBI by Visiting the Branch

If you prefer an offline process, here’s how to cancel PMJJBY in SBI at the branch:

  • Visit your home SBI branch.
     
  • Request the PMJJBY cancellation or deactivation form.
     
  • Fill in details such as name, account number, and policy information
     
  • Attach ID proof if required.
     
  • Submit the form for verification.

The branch will process your request within a few days and deactivate the policy.

 

How to Cancel PMJJBY in SBI Through Customer Care

Another method for those wondering how to cancel PMJJBY in SBI is through the helpline:

  • Call SBI Customer Care at 1800 11 2211 or 1800 425 3800.
     
  • Request cancellation of your PMJJBY policy.
     
  • Complete the verification steps on the call.

Some regions may also offer SMS-based cancellation.

Important Notes Before Cancelling PMJJBY

Before finalising how to cancel PMJJBY in SBI, keep these points in mind:

  • Cancel before the next premium auto-debit date.
     
  • Coverage ends immediately after cancellation.
     
  • You may re-enrol the next policy year if needed.
     
  • Insufficient balance at renewal may also lead to automatic cancellation.

     

 

FAQs

Is online cancellation available for PMJJBY in SBI?

Yes, through Net Banking or YONO.

Do I need to visit the branch?

Only if you prefer an offline route.

How long does it take to cancel the policy?

Online cancellation is instant; branch requests take a few days.

Will premiums stop immediately?

Yes, future auto-debits stop after cancellation.

Can I re-apply for PMJJBY later?

Yes, you can enrol again the next year.

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Disclaimer

For more details on risk factors, terms, and conditions please read the sales prospectus carefully before concluding a sale.   

*Tax Benefits:   
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.   
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

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