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    PNB MetLife Aajeevan Suraksha Plan

    Limited Time Payment, Lifelong Protection

    Individual, Non-Linked, Non-Participating, Pure Risk Premium, Life Insurance Plan | UIN: 117N122V02

    Created to give you not only a secure future but also live happily in the present, PNB MetLife Aajeevan Suraksha Plan keeps you protected as long as you want (up to the age of 99) while also letting you choose your premium payments based on your current requirements.

    PNB MetLife Aajeevan Suraksha Plan in a nutshell
    • Choose to pay premiums as per your requirement
    • Choose to stay protected for Whole of life or Fixed term
    • Joint life cover
    • Return of premiums

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    What you get

    Benefits of PNB MetLife Aajeevan Suraksha Plan
    • Death Benefit
    • Terminal Illness Benefit
    • Maturity Benefit
    • Payable with 4 benefit options

    What you don't get

    Frequently Asked Questions

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    What is PNB MetLife Aajeevan Suraksha Plan?

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    PNB MetLife Aajeevan Suraksha is a comprehensive protection plan that gives you the convenience to pay premiums for a shorter period while keeping you protected for life (up to age 99), or till the term of your choice. You can also choose to cover your spouse in the same plan and choose return of premiums on survival till the end of the policy term which makes it a truly flexible offering. So, opt for PNB MetLife Aajeevan Suraksha and say goodbye to all your worries for life!

    What does the PNB MetLife Aajeevan Suraksha Plan offer?

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    1. Choose to pay premiums as per your requirement
      • Pay for a limited term of 5 years to 15 years OR
      • Pay just once and stay protected for the entire term
      • Pay throughout policy term by choosing Regular Pay
    2. Choose to stay protected for Whole of life or Fixed term:
      • WholeLife Cover: Opt for a coverage up to age 99 years OR
      • Fixed Term Cover: Opt for a coverage of 10 to 40 years1
    3. Customize your plan with a choice of 4 Benefit Options
      • Lump Sum, Life Partner2 Fixed Income, Increasing Income
    4. Opt ‘With Return of Premium3 Option to get your premiums back on survival till maturity.
    5. Special benefits for women

    What are the key benefits of this plan?

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    • Choose to pay premiums as per your requirement
    • Choose to stay protected for Whole of life or Fixed term
    • Joint life cover
    • Return of premiums

    What are the Death Benefits of this plan?

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    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 policy term.

    • Option 1 – Lump Sum

      At inception, you have to choose the lump sum payable immediately on first occurrence of Death or diagnosis of Terminal Illness of the life assured during the policy term. This lump sum amount is equal to Sum Assured on Death. This benefit option can be availed with both ‘Fixed Term Cover’ and ‘Whole Life Cover’ options.

    • Option 2 – Life Partner

      Both the Policyholder (the first life) and his/her spouse (the second life) are covered. Cover for second life would be available upon payment of additional premiums.

      At inception, you have to choose the lump sum payable immediately on first occurrence of Death or diagnosis of Terminal Illness of the first life during the policy term. The cover to the Second life shall be less than or equal to 50% of the lump sum amount chosen for the first life, subject to a minimum of Rs.25 lakhs and a maximum of Rs. 1 Crore.

      The lump sum amount payable in respect of each life is equal to Sum Assured on Death in respect of each life.

      This benefit option can only be availed with Fixed Term Cover option.

    • Option 3 – Fixed Income

      At inception, you have to choose the Monthly Income amount. On first occurrence of Death or diagnosis of Terminal Illness, Sum Assured on Death shall be payable. Sum Assured on Death is equal to lump sum amount (equal to 100 times of Monthly Income chosen at the time of inception) payable immediately plus fixed Monthly Income payable over 10 years (120 months) in instalments, where the first instalment of monthly income will be payable one month from date of death of the life assured. The policy terminates with the payment of the last instalment of Monthly Income.

      This benefit option can be availed with both ‘Fixed Term Cover’ and ‘Whole Life Cover’ options.

    • Option 4 – Increasing Income

      At inception, you have to choose the Monthly Income amount. On first occurrence of Death or diagnosis of Terminal Illness, Sum Assured on Death shall be payable. Sum Assured on Death is equal to lump sum amount (equal to 100 times of Monthly Income chosen at the time of inception) payable immediately plus increasing Monthly Income payable over 10 years (120 months) in instalments increasing at 10% simple per annum, where the first instalment of monthly income will be payable one month from date of death of the life assured. The policy terminates with the payment of the last instalment of Monthly Income.

      This benefit option can be availed with both ‘Fixed Term Cover’ and ‘Whole Life Cover’ options.

    Please refer Terms and Conditions of the product for more details on death benefit

    What are the Maturity Benefits of this plan?

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    • Maturity Benefit will be zero if ‘With Return of Premiums’ option is not chosen under the Policy.
    • Maturity benefit is payable only if ‘With Return of Premiums’ option is chosen.
    • If you choose the ‘With Return of Premiums’ option at inception of the policy, then on survival till maturity of the policy, you will receive maturity benefit which is equal to the Guaranteed sum assured on maturity. This option is available on payment of additional premiums. This option will be available only with Fixed Term Cover option.

    Please refer Terms and Conditions of the product for more details on maturity benefit

    What are the eligibility criteria for this plan?

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    Particulars Minimum Maximum
    Entry Age4 (Years) 18 65
    Maximum Maturity Age4 (Years)
    Cover Option Age
    Fixed Term Cover 80
    Whole Life Cover 99
    Sum Assured (Rs.) 25,00,000 No limit, subject to Board approved underwriting policy
    Premium (Rs.) Regular Pay: 3,885
    Other than Regular Pay: 5,000
    Based on the Basic Sum Assured, Entry Age, Policy Term, Premium payment term, Smoker Status, Benefit Option, Cover Option and Return of Premium Option chosen
    Premium payment term (PPT) (Years) Single pay: Single premium payment at inception of the Policy
    Limited pay: 5 to 15
    Regular pay (Regular Pay is only available with Fixed Term Option)
    Policy term (PT) (Years) Single pay,  Regular pay : 10
    Limited pay : Premium payment term + 5

    For both Single pay & Limited pay options

    Cover Option Policy term
    Fixed Term Cover Without Return of Premiums: 40
    With Return of Premiums3: 30
    Whole Life Cover Without Return of Premiums: 99 minus age at entry
    Riders5 PNB MetLife Accidental Death Benefit Rider Plus (117B020V03)
    PNB MetLife Serious Illness Rider (117B021V03)

    3 'With Return of Premiums' option will be available on payment of additional premium and this option will be available only with 'Fixed Term Cover' option
    4 All references to age are as on age last birthday
    5 Rider Sum Assured shall be subject to Sum Assured of base policy. Premium for all the riders put together shall be subject to a ceiling of 30% of the premium of the base policy. Riders will only be available with Single Pay, Regular Pay and Limited Pay with Premium Payment Terms of 5 years, 7 years, 10 years, 12 years and 15 years. Riders will not be offered if the outstanding term under the base policy is less than 5 years. Rider can be attached only at the inception of the policy.

    How can I buy PNB MetLife Aajeevan Suraksha Plan?

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    Disclaimer:

    • 1Maximum policy term allowed for 'With Return of Premiums' option will be 30 years. 
    • 2Cover for spouse under 'Life Partner Option' will be available on payment of additional premium and this option will be available only with 'Fixed Term Cover' option 
    • 3'With Return of Premiums' option will be available on payment of additional premium and this option will be available only with 'Fixed Term Cover' option   

    AD-F/2020-21/00335

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    Disclaimer

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    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 PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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