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    The newly launched ‘PNB MetLife Income Protection Plan’ is an affordable life insurance plan with return of premiums on survival
    10-01-2018

    Meerut: PNB MetLife announced the launch of ‘PNB MetLife Income Protection Plan’, a simple product that offers an optimum mix of protection through income replacement in case of death of the breadwinner and guaranteed savings.

    Key features:

    • Option of monthly income to take care of the family’s living expenses in case of untimely demise of the breadwinner
    • Affordable premiums
    • 100% - 150% of total premiums returned on survival
    • Premium payment for a limited term and life cover throughout the policy term
    • Easy enrolment
    • Flexibility – to choose Death Benefit as Monthly Income or Lumpsum

    Meerut, January 10, 2018: PNB MetLife announced the launch of ‘PNB MetLife Income Protection Plan’, a simple product that offers an optimum mix of protection through income replacement in case of death of the breadwinner and guaranteed savings. The product promises affordable premium, flexibility to choose the premium payment term along with an easy onboarding process designed keeping in mind the needs of the non-metro population.

    The new PNB MetLife Income Protection Plan is a one-of-its kind product in the market which provides monthly income to take care of the family’s living expenses in case of an untimely demise of the policyholder and also enables to build a corpus through the guaranteed1 maturity benefit ranging from 100% to 150% of total premiums paid2. 

    Speaking at the launch, Khalid Ahmad, Head – Products, PNB MetLife India Insurance Co. Ltd. said, “PNB MetLife has always believed in inclusive growth and looked for simpler ways to connect customers to the best solutions. Today majority of the Indian population that resides in Tier 2 & 3 cities is scarcely covered through insurance. We wish to leverage the vast distribution reach of our partners to cater to major part of this segment. PNB MetLife Income Protection Plan provides dual benefits of financial protection and guaranteed saving upto 150% of premium paid on survival till the end of policy term.”

    Adding to this, Shri Anil Kumar Sharma, Chairman - Sarva U.P. Gramin Bank said, “Many middle and lower socio economic class families do not have access to insurance. Products such as PNB MetLife Income Protection Plan would help to cater the need of insurance for the non-metro population. We are delighted to be assosiated with PNB MetLife to spearhead financial inclusion for masses and encourage the proliferation of schemes with an objective to provide insurance cover to all.”

    1Terms & conditions apply
    2Total premiums paid is equal to all premiums payable during the premium paying term of the policy excluding extra premiums, Goods & Service Tax paid by the policyholder but includes any frequency loading.

    About PNB MetLife India Insurance Company Limited
    PNB MetLife India Insurance Company Limited (PNB MetLife) has as its shareholders MetLife International Holdings LLC. (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, with MIHL and PNB being the majority shareholders.

    For more information, follow us on twitter @PNBMetLife1, www.facebook.com/PNBMetLife or visit www.pnbmetlife.com

    • The marks “PNB” and “MetLife” are the 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”.
    • For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.

     

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    Disclaimer

    Collapsed Expanded

    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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