PNB MetLife - Corporate - Group Life Insurance Policy

Key Benefits of MetLife Complete Care

  • 1

    Serves full coverage at reasonable rate

  • 2

    Availability of Accelerated Benefit Option

  • 3

    Choose from 4 riders at reasonable cost

Overview

Care is a greater form of support. We brings you ‘Complete Care’ – a group life insurance policy that’s not just a convenient product but also provides you a cover against death and protects your family. It can also be offered in lieu of mandatory Employees' Deposit-Linked Insurance Scheme (EDLI) for employees who are covered under the Employee’s Provident Fund and Miscellaneous Provisions Act, 1976 providing higher coverage. This plan can also be customized by opting for additional benefits.

MetLife Complete Care ensures

  1. Provides protection to family of the employees
  2. More efficient way to meet the statutory EDLI requirement
  3. Cheaper Reasonable compared tothan an individual life cover
  4. Free cover limit available, subject to Terms and Conditions
  5. A strong retention tool for employers
  6. Flexible payment modes
  7. Option to convert to individual coverage also available incase an employee leaves the organization
  8. Additional cover for self and family on participatory basis
    *Tax Benefits as applicable

Product Benefits

Death Benefit

100% of the sum assured would be provided in case of death

Maturity Benefit

There are no maturity benefits associated with this product.

Death Benefit

There is no surrender benefit associated with this product.

  • Members exiting the Scheme by way of resignation / retirement, 100% of the unexpired premium shall be refunded to the Group Policyholder.
  • In case the Scheme is terminated by the Group Policyholder, 100% of the unexpired premium shall be refunded to the Group Policyholder.
  • Unexpired premium as on the date of termination / exit is defined as the total premiums received multiplied by {Balance number of days to the next renewal date divided by 365}
  • In case of surrender of a Scheme, the Individual Member will have the option to continue the risk cover on individual basis till the risk cover is terminated.

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.25 crore per life

Minimum Premium

As defined in the Rules of the Group Insurance Scheme under administration or as defined by the Employer for Employer- Employee group

Maximum Premium

unlimited

Minimum Group size/ Scheme size

50 Members Hhowever, for the compulsory Employer Employee schemes where the employer confirms that he/she has provided gratuity benefits to his/her employees and additional risk coverage is given, the minimum required size to provide MetLife Complete Care cover would be 10 members.

Maximum Group size/ Scheme size

No limit

Download Brochure Premium Rates Terms & Conditions

Form got successfully submitted.

Please fill out personal information

Enter a valid name
Enter a valid name
Enter a valid Email
+91 Enter a valid phone number.
Disclaimer

Meet An Advisor

Sorry! We are experiencing technical difficulties, please try later.
Are you an existing PNB MetLife customer?
Enter a valid Name.
Enter a valid Name.
Select a City. Enter a valid City.
Please fill out a valid email address
+91 Enter a valid Mobile Number.
Preferred Date entered is not valid
Select a Reason.
Comments: Enter a valid Reason.

You might also be interested in