PNB MetLife - Grameen Ashray

Key Benefits of MetLife Grameen Ashray

  • 1

    Death Benefit

  • 2

    Surrender Benefits

Overview

PNB MetLife offers MetLife Grameen Ashray - a simple micro insurance, non- participating plan which provides you life cover at a nominal cost and protects your family from any uncertainties of life.

MetLife Grameen Ashray ensures

  1. Affordable short term protection plan 
  2. Convenience of paying just once or over the term of the policy.
  3. Simplified process.
  4. * Tax benefits as applicable.

Product Benefits

Death Benefits

In the event of death of the Person Insured the Sum Assured is payable.

Surrender Benefits

  • There are no Surrender benefits for Regular Premium policies.
  • Single Premium Policies can be surrendered after completion of 2 years from the date of commencement. Upon receipt of a surrender request, a cash surrender value of 30%, 20% or 10% of the Single Premium will be payable if the surrender is made in Year 3 or Year 4 or Year 5 respectively.
    The policy terminates upon the payment of surrender value.

Particulars

Boundary Conditions

Minimum ages at entry*

18 Years

Maximum ages at entry*

55 years

Coverage Term

5 years

Maximum Cover Ceasing Age

60 years

Minimum Premium

Rs. 314 for SP & Rs. 69 for RP

Rs. 5,000

Minimum Sum Assured

Rs. 5,000

Premium Paying Mode

Yearly or Single Premium

*Age last birthday

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