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CORPORATE SOLUTIONS

MetLife Group Term Life Plus

PNB Metlife offers ‘MetLife Group Term Life Plus’ - a group life insurance policy. It is a highly convenient product that provides cover against death and protects the family.

It can also be offered in lieu of mandatory EDLI for employees who are covered under Employee's Provident Fund and Miscellaneous Provision's Act, 1976. It is a highly convenient product that provides cover against death and protects the family. It helps meet the EDLI objectives while providing higher coverage.
Entry Age (in completed years)

Min : 18 years (EE)
15 years (Non EE)

Maximum Entry Age

Employer Employee (EE) : 80 years
Non Employer Employee (Non EE) : 60 years

Maximum Maturity Age EE : 81 years
Non EE : 61 years
Coverage Term

Year renewable Term - one year

Sum Assured (Min)

Rs 1000 per life

Sum Assured (Max)

As defined in the rules of the group insurance scheme under administration or as defined by the employer for employer- employee group and Master Policyholder for non-employer-employee group.

Premium Payment Term Regular
Premium Payment Modes Annual, Semi-Annual, Quarterly, Monthly

MetLife Group Term Life Plus can be customised with Accelerated Death Benefit Option (ADBO), which pays only once in the form of lump sum & is payable only if the insured is living at the time of making the payment. The amount payable will be lower of:
a. 50% or 100% of base cover of Life Benefits or Death Benefits
b. Rs. 25,00,000


1. Protection for family of the employee
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2. More efficient way to meet the statutory EDLI requirement
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3. Cheaper than an individual life cover
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4. Tax benefits to employer, but not treated as perquisite in the hands of the employee
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5. Hassle-free implementation because of availability of free cover limit
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6. Strong retention tool for employers
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7. Flexible payment modes
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8. Option to convert to individual coverage when an employee leaves the organization
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9. Additional cover for self and family on participatory basis
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10. *Tax Benefits as applicable

 

MetLife Group Term Life Plus
MetlifeDownload Brochure For EE MetlifeEmail Brochure For EE
MetlifeDownload Brochure For Non-EE MetlifeEmail Brochure For Non-EE
MetlifePolicy Terms and Conditions EE MetlifePolicy Terms and Conditions Non EE

Disclaimers:
- Insurance is the subject matter of the solicitation.
- For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
-*Tax benefits are as per the provisions of Income Tax Act, 1961, and the same are subject to amendments made thereto from time to time, please consult your tax consultants for more details. LD/2009-10/EC792/572
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MetLife
Customer helpline no. :
1800-425-6969 (Toll Free)
(Within India only)
OR 91-80-26502244
(8am – 8pm).

IVR available 24*7
with your policy details.
Fax : 080-41506969
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SMS MET HELP to 5607071
(Special SMS Charges Apply)
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PNB MetLife India Insurance Company Limited formerly known as MetLife India Insurance Co.Ltd.

Registered office address:Brigade Seshamahal 5, Vani Vilas Road, Basavanagudi, Bangalore - 560004,
Karnataka. CI No.: U66010KA2001PLC028883, Phone: 080- 66006969/26438638, Fax: 080-22421970.
Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in., IRDAI Regn No.: 117
*Rs 1 crore protection cover for 25 year old non-smoking male for a 30 year term, under monthly increasing income option (exclusive of taxes)
Insurance is the subject matter of the solicitation


The marks “PNB”, “” and “MetLife” are the registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks