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of <h1>Urban Cooperative Banks to Implement PMJJBY & PMSBY Insurance Schemes from June 1, 2015; Coordination with Insurers Required.</h1> The circular outlines the implementation of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) starting June 1, 2015. PMJJBY offers life insurance of Rs. 2 lakhs for Rs. 330 annually, while PMSBY provides accident insurance of Rs. 2 lakhs for Rs. 12 annually. Primary Urban Cooperative Banks (UCBs) with full CBS implementation can participate, requiring coordination with insurance companies and necessary IT module integration. UCBs must appoint a Nodal Officer and finalize agreements with insurance providers. Details are available on specified government websites.
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