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.