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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 |
Mera Term Plan Plus |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 75 years | Maximum Maturity Age - 70 years |
| Plan Sum Assured | Basic Sum Assured: ₹14L to ₹1.4Cr. | Basic Sum Assured: ₹₹5,000 per member to no limit |
| Plan Entry Age | Minimum Age - 25 years Maximum Age - 60 years | Minimum Age - 15 years Maximum Age - 65 years |
| Plan Payment modes | Annual, Semi-Annual, and Monthly | Annual, Semi-Annual, quarterly and Monthly |
| Plan Policy loan | Policy loans are not available under the PNB MetLife Family Income Protector Plus plan. | The policy loan is not available under PNB Metlife Mera Term Plan Plus. |
| Plan Sample Premium | Rs 511-/ per month | Rs 545-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum Term: 10 years, Maximum Term: 20 years | Minimum term - 10 years Maximum term - 99- entry age |
| Claim Settlement Ratio (2024-25) | 99.57% | 99.57% |
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PNB Metlife Term Insurance Plans PNB Metlife Mera Term Plan Plus |
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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 PNB MetLife Mera Term Plan Plus:
Get additional health coverage on top of the base cover in case of a diagnosis of any listed critical illnesses.
Get an extra payout on top of base cover upon your unfortunate death due to an accident.
Get an extra payout on top of the base cover on total and permanent disability due to an accident.
Get additional coverage if you are diagnosed with a pre-specified critical illness.