PNB MetLife Mortgage Protect Plus - Term Assurance Plan

Key Benefits of MetLife Mortgage Protector Plus

  • 1

    Death Benefits

  • 2

    Maturity Benefits

Overview

PNB MetLife presents 'MetLife Mortgage Protector Plus' – a plan which provides you life cover for home loans taken for any period above 5 years. It is a decreasing term insurance with single and limited premium options. The plan covers you for an amount equal to the outstanding amount as per the policy schedule. It ensures the asset that you have created stays with your family.

MetLife Mortgage Protector Plus ensures

  1. It protects the family against the burden of a loan.
  2. It is an affordable insurance plan that covers the risk of life.
  3. It provides protection for all kind of loans taken for a period above 5 years.
  4. Limited and Single premium paying terms.
  5. *Tax Benefits as applicable.

Product Benefits

Death Benefit

In the unfortunate event of death of the Life Insured, the outstanding loan amount is payable to the beneficiary.

Maturity Benefit

Not applicable.

Particulars

Boundary Conditions

Minimum Age at entry

18 years

Maximum age at entry

60 years

Maximum Maturity age

65 years

Minimum Sum Assured

Rs.50,000

Maximum Sum Assured

Equal to the outstanding loan amount

Policy Term

Equal to the outstanding payment term of the loan

Premium Payment Options

Single Pay, Limited Pay (2/3rd of outstanding loan term)

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