Protect your company’s most valuable asset
Non-Linked, Non-Participating, One-Year Renewable Group Term Assurance Plan | UIN: 117N093V04
A group term life insurance policy provided by life insurance companies, PNB MetLife Complete Care Plus is a convenient employee insurance policy customized as per your requirement to provide financial security, cover against death and protect the family.
Flexible Premium Payment Modes
PNB MetLife Complete Care Plus is a flexible group insurance plan that allows you to choose from Half Yearly, Quarterly or Monthly premium payments to ensure a stable life for you and your family.
Tax Benefits
As per the prevailing tax laws, the PNB MetLife Complete Care Plus gives you the advantage of availing Tax Benefits on both premiums paid and Benefits received.
Additional Cover
With this plan, you can avail additional life covers and protection to ensure complete security for you and your family on participatory basis.
Choice of Individual Cover
The plan is designed to take care of employees, the policyholder has the option to convert to individual coverage for guaranteed protection even when they leave the organisation.
What you don't get
Maturity Benefit
Under the PNB MetLife Complete Care Plus plan, the policyholder is not payable any maturity benefits.
Surrender Benefit
There is no Surrender benefit under the PNB MetLife Complete Care Plus.
Suicide Exclusions
If the Life Assured’s death is due to suicide within twelve months from the date of commencement of risk or from the Date of Revival of the Policy as applicable, the Nominee or beneficiary of the Policyholder shall be entitled to 80% of the total Premium paid till the date of death under the Policy death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in Inforce status. We shall not be liable to pay any interest on this amount.
PNB MetLife Complete Care Plus, is a group term life insurance policy provided by life insurance companies. It is a convenient product that provides cover against death and protects the family.
PNB MetLife Complete Care Plus is an employee insurance policy customized as per your requirement to provide financial security to your employees and their families. It is a yearly group term life insurance that pays a Sum Assured to the dependents of your employees in the event of an unfortunate eventuality.
It can also be offered in lieu of mandatory EDLI (Employee Deposit Link Insurance) for employees who are covered under Employee's Provident Fund and Miscellaneous Provision's Act, 1976.
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.
Accelerated Benefit Option (ABO)
Where any Employee is diagnosed as “Terminally ill”, 100% of the Sum Assured would be paid out immediately and the inclusion of such Member at the next Annual Renewal Date will be decided based on Board approved underwriting policy.Terminal Illness is defined as “advanced or rapidly progressing incurable illness in the opinion of an attending consultant and our Chief Medical Officer; the life expectancy is no greater than 6 months (AIDS is specifically excluded and not covered under this definition).
Maturity Benefit
There is no Maturity benefit under this product.
Death Maturity
On death (or upon terminal illness; applicable in case of Employer – Employee group only) during the policy term, the Company shall pay 100% of the Sum Assured.
Surrender Benefit
Being a pure protection product, there are no surrender benefits under this product.
Particulars |
Boundary Conditions |
Minimum ages at entry |
18 years age last birthday |
Maximum ages at entry |
80 years age last birthday |
Maximum Expiry Age |
81 Years age last birthday |
Minimum Face Amount (Per member) |
Rs. 5,000 |
Maximum Face Amount (Per member) |
Rs.100 crore per life |
Minimum Premium |
Rs. 2915 per life |
Maximum Premium |
Rs.7,97,56,000 per life Rs.1,000 Crore per Scheme |
Minimum Group size/ Scheme size |
10 members. |
Maximum Group size/ Scheme size |
9,00,00,000 |
Disclaimer:
AD-F/2020-21/00319
Bonus declared for Participating Policies in FY’23
transactions completed on the khUshi chatbot.
Claim settlement ratio for retail business
Locations & strong branch network
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.
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