Your well-being will be my responsibility. Always.
Individual, Non-Linked, Non-Participating, Pure Risk Premium, Life Insurance Plan | UIN: 117N102V02
Designed to ensure financial security for your family not just in your absence but also your presence, PNB MetLife Mera Jeevan Suraksha Plan comes with the option to cover your spouse as well as to choose return of premiums on survival till the end of the policy term, ensuring a stable future for family with and without you.
Choice of Protection against Death or Terminal Illness
a. Opt to secure your family’s future with benefit Option 1 - Lumpsum and Option 2 - Life Partner
b. Opt for double the protection with monthly income plus ‘100 times of monthly income’ as lump sum with benefit Option 3 - Fixed Income and Option 4 - Increasing Income
Tax Benefits
As per the prevailing tax laws, PNB MetLife Mera Jeevan Suraksha Plan gives you the advantage of availing tax benefits on both premiums paid and benefits received.
Choice of return on Premiums
You can opt for ‘With Return of Premium’ Option to get your premiums back on survival till maturity.
Benefits on Higher Sum Assured
Special premium rates will be offered upon choosing higher sum assured, depending on sum assured slabs. The available sum assured slabs are Rs. 25 lakhs – Rs. 49.99 lakhs, Rs. 50 lakhs – Rs. 99.99 lakhs, Rs. 1 crore – Rs. 1.99 crore, Rs. 2 crore and above.
*Nomination in accordance with Section 39, please refer extract provided at the end of the sales literature and with your policy document
^‘With return of premiums’ option and cover for spouse under benefit option 2 will be available on payment of additional premiums
What you don’t get
Suicide Exclusion
If the Life Insured’s death is due to suicide within 12 months from the date of commencement of risk or from the date of revival of this policy, the Nominee or the beneficiary of the policy will be entitled to at least 80%. Of the total Premiums paid under the Policy till the date of death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in Inforce status.
PNB MetLife Mera Jeevan Suraksha Plan is a solution that offers you the choice
You can opt to cover your spouse in the same plan and also have the option to choose return of premiums on survival^ till the end of the policy term, making this a truly flexible offering
*Nomination in accordance with Section 39, please refer extract provided at the end of the sales literature and with your policy document
^‘With return of premiums’ option and cover for spouse under benefit option 2 will be available on payment of additional premiums
Death or Terminal Illness Benefit shall be payable according to the benefit option chosen by policyholder at inception. Benefit option, once chosen, cannot be altered during the term.
Please refer Terms and Conditions of the product for more details on Maturity Benefit
Product specification |
Minimum |
Maximum |
Age at entry (Years) & |
18 |
65 |
Maximum age at maturity (Years) |
28 |
80 |
Policy Term (Years) |
10 |
40 (30, if ‘with return of premiums’ option is chosen) |
Premium Paying Term (PPT) (Years) |
Regular pay |
Regular pay |
Premium Payment modes |
Yearly / Half-yearly / Monthly* |
Yearly / Half-yearly / Monthly* |
Annualized Premium (Rs.) |
3,885 |
No limit, subject to maximum Sum Assured |
Basic Sum Assured (Rs.) |
25,00,000 |
No limit, subject to underwriting |
Only for Option 3 – fixed income & Option 4 – increasing income |
|
Income payout term (years) |
10 |
&All references to age are as on age last birthday
*Monthly mode is available for SI/direct debit options (including ECS, ACH)
You can buy this plan offline using the following methods:
Disclaimer:
AD-F/2021-22/721
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.