How to Cancel PMJJBY Online: Internet Banking and Mobile App

To cancel PMJJBY online, log into your bank’s internet banking portal or mobile app, open the insurance or social security section, select Pradhan Mantri Jeevan Jyoti Bima Yojana from your active schemes, and choose the deactivate or opt-out option. The whole thing takes a few minutes. What matters more than the clicks is the timing: your request has to reach the bank before it auto-debits the ₹436 annual premium, and the official rules set May 31 each year as the deadline for enrollment or opt-out decisions.¹

Cancellation runs through your bank, not through LIC or the other participating insurers. The bank handles enrollment, premium collection, and opt-out requests even though a life insurer underwrites the actual policy.²

What to Have Ready

Before you log in, gather the following:

Internet banking or mobile banking credentials, including your transaction password.
The mobile number registered with your bank, so you can receive an OTP.
The savings account number linked to PMJJBY. If you have several accounts, identify the one the premium is debited from.
Your Customer ID or CIF number, which appears in your passbook or the profile section of your online banking.

You don’t need a separate policy number. The bank ties PMJJBY to your savings account, and the portal usually displays the active scheme once you reach the right section.

Cancelling Through Internet Banking

The menu labels differ by bank, but the flow is broadly the same:

Sign in to your bank’s official website using your internet banking credentials.
Look for a tab labeled “e-Services,” “Service Requests,” “Insurance,” or “Social Security Schemes.” PMJJBY is usually grouped under government insurance products.
Select PMJJBY from your active schemes and choose “Deactivate,” “Cancel Subscription,” or “Opt Out.”
Review the account and scheme details on screen, enter the OTP if prompted, and submit.

SBI Internet Banking

For State Bank of India, sign in at onlinesbi.sbi, go to “e-Services” or “Service Request,” find the insurance section that lists PMJJBY, select “Deactivate,” and confirm. After confirmation, no further premium will be debited from the account.³

PNB, Bank of Baroda, HDFC and Others

Most other banks follow a similar path under “Insurance” or “Government Schemes.” If you can’t find it, use the portal’s search bar and type “PMJJBY” directly. When a bank doesn’t offer a dedicated cancellation button, it may accept a written request through the secure messaging or grievance section of internet banking.

Cancelling Through the Mobile App

Mobile apps make this quicker because your identity is already tied to the device. Open the app, go to the services or insurance section from the main menu, tap on PMJJBY under your active schemes, and use the deactivate button or toggle. Enter your MPIN or OTP when prompted and confirm.

Most apps show an on-screen confirmation or send a push notification once the request is registered. Take a screenshot of the confirmation. It is your proof that you submitted the cancellation before the deadline if a premium debit is later disputed.

When to Cancel

PMJJBY coverage runs from June 1 to May 31 each year, and the official rules require your enrollment or opt-out decision by May 31.¹ Banks run the auto-debit before the end of May, so submitting your cancellation well ahead of that date is what prevents the next year’s charge.

If the ₹436 premium has already been deducted for the current coverage year, it is not refundable. Your coverage stays active until May 31 of that term, and the cancellation simply stops the following year’s auto-debit rather than ending your current coverage early.⁴ Practically, if the bank debited ₹436 in May 2026 for the 2026–27 term, you remain covered until May 31, 2027, and your cancellation prevents the May 2027 debit.

Cancel in early to mid-May at the latest. Banks process auto-debits on different dates within the month, and a buffer keeps the debit from beating your request.

When Coverage Ends on Its Own

You may not need to cancel at all. PMJJBY terminates automatically under several conditions:

Reaching age 55 on the nearest birthday. You can renew annually up to that age but cannot initially join after age 50.⁴
Insufficient balance on the auto-debit date. If the premium collection fails, coverage lapses for that year, with no grace period in the official rules.¹
Closing the savings account the scheme is linked to.⁴

If you just want the premium to stop and don’t need a formal cancellation record, letting the balance fall below ₹436 before the debit runs achieves the same result. Going through the portal is cleaner and leaves you with documentation.

Before You Cancel, Think About Re-Joining

Cancellation isn’t permanent. You can re-enroll in a later year by submitting a fresh consent form through your bank along with a self-declaration of good health.⁵ Re-enrollment is treated as fresh coverage, and a 30-day waiting period applies before claims become eligible.¹

Mid-year re-enrollment costs a pro-rata premium rather than the full ₹436, scaling down by quarter to as little as ₹114 for a March-to-May joining window.⁵ If you might want the coverage again soon, staying enrolled at ₹436 for the year is usually cheaper than dropping out and re-joining later.

Confirming the Cancellation Went Through

Watch for a confirmation SMS or email from your bank after you submit the request. Most portals also generate a transaction reference number on screen. Save it. That number is your evidence if the premium is debited anyway.

Check your statement in the last week of May to make sure no PMJJBY auto-debit occurred. If a debit shows up despite a timely cancellation, raise it with your bank’s customer service using the reference number. Banks are required to remit premiums to insurers by June 30 each year, so flagging the issue in early June gives you the best chance of a reversal before the money leaves the bank.¹

1
Jan Suraksha. Revised Rules for Pradhan Mantri Jeevan Jyoti Bima Yojana
2
Department of Financial Services. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
3
Moneycontrol. Step-by-step guide to deactivating Pradhan Mantri Jeevan Jyoti Bima Yojana in your SBI account
4
Jan Suraksha. FAQs on Pradhan Mantri Jeevan Jyoti Bima Yojana
5
Bank of Baroda. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)