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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 |
Isecure More |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Maturity age | Maximum Maturity Age - 75 years | Maximum maturity age- 70 years |
| Plan Sum Assured | Basic Sum Assured: ₹14L to ₹1.4Cr. | Base sum assured- Rs 2.5 lakh to No limit |
| Plan Entry Age | Minimum Age - 25 years Maximum Age - 60 years | Minimum age- 18 years, Maximum age- 60 years |
| Plan Payment modes | Annual, Semi-Annual, and Monthly | Yearly, half-yearly, quarterly, and monthly |
| Plan Policy loan | Policy loans are not available under the PNB MetLife Family Income Protector Plus plan. | A policy loan is not available under the Bajaj iSecure More Plan. |
| Plan Sample Premium | Rs 511-/ per month | Rs 730/- per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum Term: 10 years, Maximum Term: 20 years | Minimum policy term- 10 years, Maximum policy term- 25 years |
| Claim Settlement Ratio (2024-25) | 99.57% | 99.33% |
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PNB Metlife Term Insurance Plans |
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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 choose the following rider options with your Bajaj iSecure More Plan to enhance your plan coverage.
Rider benefits are paid to the nominee in case of the policyholder’s unfortunate death due to an accident during the policy tenure.
In case of accidental permanent total/ partial disability, the applicable rider sum assured is paid to the policyholder.
This rider waives off all your future premiums in the following circumstances: (i) death (ii) diagnosis of any of the 11 critical illnesses mentioned in the rider brochure (iii) accidental permanent total disability