Term Rider | Rider - PNB MetLife Insurance

Term Rider at PNB MetLife Insurance

MetMore Riders

At PNB MetLife, we want our customers to get the maximum out of their lives. Be it in terms of making their dreams come true or getting the best out of their insurance plan. With this in mind, we created MetMore which allows you to customize your life insurance plan. So that it can be tailored to meet the unique needs of you and your family members. MetMore offers you a choice of riders which are optional contracts that allow you to enjoy additional benefits. They are always attached to the basic policy at the time of purchasing it, and cannot be bought separately or independently. Each rider comes with its own premium rates and separate policy conditions. The premium, nature and characteristics of the rider are based on the base policy to which the rider is attached.
So go on, get more out of life.

Term Rider

Plan Overview

This is an additional benefit that can be attached to the life insurance coverage to enhance the death cover on your policy.
The term rider allows the payment of an additional amount should death of the life insured occur before 60 years. You can match your changing needs (risk protection) and buy additional insurance at a low cost.

Features

Plan at a Glance

Minimum Entry                                 15 years
Maximum Entry                                55 years
Maximum age at maturity                 60 years
Minimum Sum Assured                     Rs. 50,000
Maximum Sum Assured                    Equal to the Base Sum Assured

Termination of the Rider

The rider will be terminated on the earlier of:

  • The end of the grace period of the first unpaid premium. 
  • The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy whichever is earlier.
  • Death of the life assured.