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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 |
Sbi Smart Shield Plus |
| 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- 100 years |
| Plan Sum Assured | Basic Sum Assured: ₹14L to ₹1.4Cr. | Base sum assured- Rs 25 lakhs to No limit |
| Plan Entry Age | Minimum Age - 25 years Maximum Age - 60 years | Minimum Age - 18 years Maximum Age - 45 years |
| Plan Payment modes | Annual, Semi-Annual, and Monthly | Yearly |
| Plan Policy loan | Policy loans are not available under the PNB MetLife Family Income Protector Plus plan. | Policy loan is not available |
| Plan Sample Premium | Rs 511-/ per month | Rs 645-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum Term: 10 years, Maximum Term: 20 years | Minimum policy term- 5 years to 79 minus entry age |
| Claim Settlement Ratio (2024-25) | 99.57% | 98.83% |
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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 riders with your SBI Life Smart Shield Plus Plan to enhance your plan coverage:
This rider offers additional benefits in case of the policyholder's uncertain death during the policy tenure.