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Kotak Pradhan Mantri Jeevan Jyoti Bima Yojana

Non-Participating Life One Year Renewable Group Pure Risk Insurance Product

Kotak Pradhan Mantri Jeevan Jyoti Bima Yojana is a scheme designed to help provide financial independence and build a universal social security system for India. The scheme is available for all individual account holders* of participating bank / post office.

*As per the eligibility conditions


  • Eligibility

    Entry Age: (as on last birthday)

    • Min: 18 years
    • Max: 50 years
  • Eligibility

    Maximum Maturity Age:

    55 years, nearest birthday, subject to annual renewal up to that date (new entry, however, will not be possible beyond the age of 50 years)

  • Eligibility

    Policy Term:

    Annually renewable

  • Eligibility

    Sum Assured:

    Rs. 2,00,000 per member

  • Eligibility


    Premium payable (plus any applicable tax, cesses and levies) per member under the scheme is dependent upon the month of joining of the scheme asspecified below:

    • June to August – Annual premium of Rs. 436
    • September to November – Premium for three quarters at Rs. 114 per quarter; i.e. Rs. 342
    • December to February – Premium for two quarters at Rs. 114 per quarter; i.e. Rs. 228
    • March to May – Premium for one quarter at Rs. 114
  • Eligibility

    Death Benefit:

    Rs. 2 lakhs is payable on member’s death due to any reason.

  • Eligibility

    Maturity Benefit:

    No survival benefit is payable under this plan.

  • Eligibility

    Lien Period:

    Lien period means a period of 30 days from the date of enrolment of the member into the scheme.

    In case of Member(s) who are enrolled into the scheme for the first time on or after 1st June, the Death Benefit shall not be payable in case of death of the Member (other than due to Accident) occurring during the Lien Period; and no claim would be admissible for the same.


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Read about Tax benefits & Plan Disclaimer


IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Kotak Pradhan Mantri Jeevan Jyoti Bima Yojana UIN: 107G126V01, Form No. G126. This is non-participating life one year renewable group pure risk insurance product. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

Kotak Mahindra Life Insurance Company Ltd.; Regn. No.:107, Regd. Office: 8th Floor, Plot # C-12, G-Block, BKC, Bandra (E), Mumbai - 400 051. Website: | Email: | Toll Free No: 1800 120 7856 | Ref. No. KLI/22-23/E-WEB/678

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

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