POS Suraksha: Term Plan with Return of Premiums - PNB MetLife

Key Benefits of PNB MetLife - POS Suraksha

  • 1

    Protection for your family

  • 2

    Return of Premiums on survival till maturity

  • 3

    Flexibility to pay premiums for 5 years or 10 years

  • 4

    Easy Enrolment process

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Presenting PNB MetLife – POS Suraksha – Individual, Non-linked, Non-participating, Savings Life Insurance Plan with Return of Premiums that is hassle free and ensures peace of mind with regular monthly income for your family in case of your untimely demise or provides return of all premiums on survival till maturity.

Key Highlights

• Simple to understand: All your benefits are guaranteed and explained upfront
Protection: Get life cover for the entire policy term
Easy Enrolment: Hassle free enrolment with no medicals
Guaranteed Payout: 100% of Total premiums paid1 at the end of the policy term
    o Select premium paying term of 5 years with a 10 year policy term or select 10 years premium paying term with policy terms 10 / 15 years or 15 years premium paying term with policy term of 15 years 
    o Opt for either lump sum or regular monthly income as death benefit
Tax benefits: You may be eligible for tax benefits on premiums paid and benefits received, as per prevailing tax laws

Product Benefits

Death Benefit:

In the event of the unfortunate death of the Life Assured during the policy term, Sum Assured on Death will be payable. Where Sum Assured on Death is the highest of:

  • 10 times of the Annualized Premium
  • Basic Sum Assured which is the absolute amount assured to be paid on death 
  • 105% of the total Installment Premiums received as on the date of the Life Assured’s death

Death Benefit Option:

On death of Life Assured, the Company shall pay Death Benefit to the Nominee as Lump sum or level monthly instalments based on the option chosen by the Life Assured at the time of inception of policy.

Lump Sum Option:

If the Lump sum Option is in force, the Sum Assured on Death shall be paid in one lump sum.

Level Monthly Income Option:

If level monthly income option is chosen by the Life Assured, the death benefit will be paid as level monthly income over 120 months, where monthly income factor is 1.10%. The first payment is made at the end of one month from the date of death of Life Assured.

For example:

Where Sum Assured on Death is Rs. 3,00,000, the Level Monthly income amount payable will be calculated as 1.10% * 3,00,000 = Rs.3,300 (Total income paid over 120 months to the nominee will be Rs.3,96,000)
The policy will terminate with the payment of death claim amount.

Maturity Benefit:

On survival of the Life Assured till the Maturity Date, the Sum Assured on Maturity which is equal to 100% of the Total Premiums Paid1 will be paid. The policy will terminate on payment of the Maturity Benefit amount.

1 Total Premiums Paid will be equal to all premiums payable during the premium paying term of the policy excluding taxes paid by the policyholder.


PNB MetLife - POS Suraksha (UIN: 117N119V02) is an Individual, Non-linked, Non-participating, Savings Life Insurance Plan with Return of Premiums. Benefit option, chosen at inception, cannot be altered during the term.

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. 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.

LD/2018-19/146 EC136

Boundary Conditions

Eligibility Criteria

Age* at entry (Years)

Minimum: 18
Maximum: For Policy term 10: 55
For Policy term 15: 50

Maximum age* at maturity (Years)


Premium Paying Term (PPT) (Years)

5 / 10

Policy Term (Years)

For PPT 5: 10
For PPT 10: 10 or 15
For PPT 15: 15

Maximum Premium (Rs.)

As per maximum Basic Sum Assured of Rs.15,00,000

Minimum Basic Sum Assured (Rs.)


Maximum Basic Sum Assured (Rs.)

25,00,000 (in multiples of 50,000)

Premium Payment modes

Yearly / Half-yearly / Monthly

Death Benefit Option

Monthly Income: Income Payout period will be 120 months (10 years)
Lumpsum: Death benefit will be paid as lumpsum

Premium Payment Options

Policy Term

Annual Mode (Rs.)

Half-Yearly Mode (Rs.)^

Monthly Mode (Rs.)^





















* All references to age are as on age last birthday 

^ The Premium for Premium Payment modes (other than Annual) are calculated by multiplying the Annualised Premium by the applicable Modal Factors

Download Brochure Terms & Conditions Know how the plan works

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