FAMILY PROTECTION
The saying “nothing is permanent” is best suited to the idea of human life. The unpredictability of life is unending, so purchasing a life insurance policy can help you mitigate some of these vulnerabilities. One of the most dreaded insecurities that individuals face is the threat of financial instability the family might encounter after their untimely demise. It is in this regard that life insurance policies come to their rescue and keep them stress-free for the rest of their life. However, the scope of the policy can be widened by introducing certain riders that can cover additional unwanted eventualities and untimely situations during the policy period.
What are Riders in Insurance?
Insurance riders are add-ons, which means additional benefits that an insured person can choose while purchasing the policy. These add-ons expand the ambit of the insurance coverage by including various other events that might have a negative impact on the policyholder’s life, such as the occurrence of an accident or being critically ill due to some severe disease including cancer or heart attack. As getting an insurance rider broadens the scope of your coverage, its benefits also widens. Let us have a look at some of the benefits.
Benefits of Life Insurance Riders
Now that you are well aware why life insurance riders are important, let us have a look at the different types of riders.
Different Types of Life Insurance Riders
With the information available on why we need life insurance riders along with the base policy, it is imperative that you are also aware of the basic aspects while selecting insurance policies. This includes looking for competitive premium rates and a high claim settlement ratio. Moreover, you can also ask for an online quote or contact customer support for more details.
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Disclaimer:
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 | CIN U66010KA2001PLC028883
PNB MetLife Mera Term Plan is an Individual Non-Linked, Non-Participating, Pure risk premium Life Insurance Plan | Product UIN Number – 117N092V03
#Maximum maturity age: 99 years for all options (except Joint Life cover option), Joint Life Cover option: 75 years (applicable for both Primary & Secondary life).
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
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: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in 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
AD-F/2020-21/00200
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• 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.
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 claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. 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 Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.