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A term plan that provides a regular monthly income after your demise.
If you support your family financially through your income, then undoubtedly, the comfort, happiness, and protection of your loved ones depend on you. But what if any mishap occurs to you? Such a scenario can strip your family of financial aid.
To ensure your family's income continues even after your demise, PNB MetLife Term Insurance has introduced the 'Family Income Protector Plus' plan. This unique non-linked term insurance plan protects your family from future uncertainties by providing a regular monthly income for up to 20 years. Additionally, if you outlive the policy term, the premiums paid will be returned to you.
The PNB MetLife Family Income Protector Plus plan offers a range of benefits, including:
| PLAN DETAILS |
Family Income Protector Plus Plan |
Grameen Bima |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 75 years | Maximum Maturity Age - 60 years |
| Plan Sum Assured | Basic Sum Assured: ₹14L to ₹1.4Cr. | Basic Sum Assured: ₹10 K to ₹50 K |
| Plan Entry Age | Minimum Age - 25 years Maximum Age - 60 years | Minimum Age - 18 years Maximum Age - 50 years |
| Plan Payment modes | Annual, Semi-Annual, and Monthly | One time payment at policy inception |
| Plan Policy loan | Policy loans are not available under the PNB MetLife Family Income Protector Plus plan. | The policy loan is not available under SBI Life Grameen Bima Yojana Plan. |
| Plan Sample Premium | Rs 511-/ per month | Rs 503-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum Term: 10 years, Maximum Term: 20 years | 5 years |
| Claim Settlement Ratio (2024-25) | 99.57% | 98.83% |
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PNB Metlife Term Insurance Plans SBI Term Insurance | Best Life Insurance Policy In India |
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.
You can add the following riders to your SBI Life Grameen Bima Yojana:
Accidental Death Benefits Riders provide an additional sum if the policyholder dies within 120 days of the accident.
Accidental Total and Permanent Disability Riders cover the policyholder if any accident occurs that leads to the permanent disability of the policyholder.