Skip Navigation
0 of 0 Displaying
 |   Displaying

No Results


    This Diwali, Bring Prosperity & Security with a Life Insurance

    Last Updated On 24-10-2020

    Diwali is the festival of lights, merry and cheer. It dispels the darkness with light and stands for prosperity as well. This festival acknowledges the role of financial security in order to live a fulfilling life. As we welcome and worship Laxmi, the goddess of wealth as part of our festivities, we also express our gratitude for financial stability. In keeping with the spirit of Diwali, it only makes sense that you would be wise enough to ensure prosperity for your family even if something were to happen to you.

    This is where life insurance plans feature. If you have been looking for the right time to buy insurance, Diwali would be a good reason to go through with the plan.
    Life insurance ensures you or your loved ones never face any difficulty with the debt commitments. 

    What exactly is life insurance?
    Life insurance is an instrument of protection, and sometimes even act as a tool for wealth creation, between the insurance company and the customer. Under this agreement, the insurer guarantees to pay your beneficiary or nominee a pre-decided amount of money in the unfortunate event of your demise during the term of the life insurance plan.
    In return for this promise, you will pay a predefined sum of money called premium on a regular basis, the frequency and duration of which can be chosen by the policyholder. The policyholder is also free to decide the quantum of sum assured under the policy.
    The amount of premium you pay depends on this sum assured. You can also get additional riders to the policy like critical illness rider or terminal illness rider - these act as protection from specific contingencies.

    Why life insurance?
    Life insurance can provide with benefits like 

    Death benefit
    We know it is the festive season and no one likes to talk about sadness, but the truth is that mishaps can occur anytime, and it is necessary to be prepared for the unfortunate eventuality of death. Life insurance plans bring you the foremost benefit of financial security for the family or dependents, in times of untimely eventualities like the death of the bread earner of the family.

    Investment benefits
    Though life insurance primarily serves the function of financial protection but depending on the plan you choose, it can also be an effective investment avenue. There are a plethora of savings and pension plans to choose from, that comprise a component of insurance. Some are also dressed as money-back life insurance plans or guaranteed income plans etc. These can also help build a corpus to meet your crucial financial goals. As more evolved life insurance plans are offered, they increasingly cater to the wealth creation goals of financial planning too.

    Tax benefits
    Life insurance plans are known for their tax benefits. Under Section 80C of the Income Tax Act 1961, the policyholder can avail tax benefit on the premium paid towards life insurance plans. Even the amount that your beneficiary receives is entirely tax-free for them. This sum assured amount includes the sum allocated by way of bonus on such a policy paid on surrender or maturity of the policy or in case of death.

    Nowadays, life insurance plans can also act as wealth creation or retirement plans, so they are really the harbingers of prosperity in the later years of your life too!

    Thus, life insurance plans with solid protection cover and guaranteed returns could come in handy to provide for the uncertainties of life as well as the anticipated expenses.

    To know more about Term Insurance & Long Term Savings, browse the website offered by PNB MetLife.


    *Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time. The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

    PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
    IRDAI Registration Number 117. CI No: U66010KA2001PLC028883. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
    The marks “PNB” and “MetLife” are 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.
    Call us Toll-free at 1-800-425-6969. Phone: 080-66006969, Website:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203


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


    While Buying A Term Insurance, Be Careful Of These Common Mistakes

    Term insurance is a type of life insurance. Only if the insured person passes away while the policy is active, the nominee of that term insura...


    Why Buying Best Life Insurance Policy at Early Age is Important?

    Living Your Life Young and Carefree? Then, you need insurance!...


    Why Women Should Be on the Forefront in Family's Financial Decisions?

    A modern woman wears multiple hats- from a loving daughter and nurturing wife to a selfless caregiver and hardworking employee. Apart from meeting ...


    Why Should You Buy Life Insurance When You Get Married?

    Getting married is a major milestone of life. Once the wedding is over, you realise the gravitas of your life-changing decision to get married. It ...


    Reasons Why Term Insurance is Profitable over Other Investments

    Imagine you are 30 years of age and earn a limited income but have a wife and child to support. You are the sole breadwinner of the family and in c...

    Want to know more about how you can protect your family?

    See all our articles

    Get a Callback

    OTP sent successfully

    Thank you for getting in touch with us. We will contact you shortly.


    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

    Site best viewed in following browsers
    Chrome 70+ , IE 11+, Firefox 76+, Safari 11+

    Get a Callback Get a Callback

    Ask khUshi

    Hi! I’m khUshi. How can I help you?