This is a Non-Linked, Non Participating, One Year Renewable Group Term Pure Risk Life Insurance Plan. This product provides life cover at low cost to the members who are individual bank account holders of any bank/post office.

Benefits in Detail

Death Benefit :

• In case of Death of Insured Member during the period of cover, the fixed Sum Assured of Rs.2,00,000 will be payable to the Nominee. In case the member under Pradhan Mantri Jeevan Jyoti Yojana is covered through multiple bank accounts/post office or life insurer, the insurance cover will be restricted to Rs.2,00,000 across all policies and the premium on the subsequent covers is liable to be forfeited.

Maturity Benefit :

• There is no Maturity Benefit under this plan.

Surrender :

• This is a pure protection plan hence there is no surrender value.