PNB MetLife Term Insurance
PNB MetLife Mera Jeevan Suraksha Plan is a solution that offers you th ...Read More
A quick read on what this PNB MetLife Term Insurance term plan covers and why it might be a fit for you.
PNB MetLife Mera Jeevan Suraksha Plan is designed to provide quality coverage in unforeseen circumstances. The plan not only includes death coverage but also encourages and rewards you for staying fit by offering discounts for non-smokers. The policy term is a maximum of 40 years and is available as an individual and family floater plan.
The minimum entry age for this plan is 18 years, whereas the maximum entry age is 65 years. The plan offers a 105% terminal illness benefit. The Jeevan Suraksha Plan is available in 4 plan variants along with a family protection option to choose the nominee.
PNB MetLife Mera Jeevan Suraksha Plan offers a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
PNB Metlife term plan is a great option to cover your family. Choose amongst the four riders for an added net of safety with a sum assured that goes up to 1 crore.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the PNB MetLife Mera Jeevan Suraksha Plan works with a simple premium illustration.
Himanshu, 30 years old, is looking for a term plan that provides a spouse coverage option so he can add his wife to the same plan.
His financial advisor advised him to buy the PNB MetLife Mera Jeevan Suraksha Plan. He visited PolicyX.com.
Let's understand how the PNB MetLife Mera Jeevan Suraksha Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,096/month | ₹13,152/year | 30 years | ₹3,94,560 | ₹1 Crore |
Key Takeaways: If the first insured person dies, a life cover amount shall be payable to the surviving partner, and the policy shall continue till maturity or the death of the second person, whichever is earlier.
You can add the following riders to your PNB MetLife Mera Jeevan Suraksha Plan:
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 the base cover upon your unfortunate death due to an accident.
Key features that make PNB Mera Jeevan Suraksha stand out.
Protection Against Death
PNB MetLife Mera Jeevan Suraksha Plan provides a lump sum payment equal to the sum assured in case of the unfortunate death of the policyholder.
Terminal Illness Benefit
If a person is diagnosed with an incurable disease, this plan provides a 105% accelerated death benefit. This benefit is available for all plan options.
Comprehensive Protection
This plan provides coverage against two challenges: death and incurable disease, making it a robust and all-inclusive plan.
Return of Premium
Under the Return of Premium option, if you survive the entire policy term, you can get back all paid premiums (excluding taxes).
Here are the key benefits of the PNB Mera Jeevan Suraksha.
Flexibility to Choose Payout Options
The policyholder can select from various payment options, including lump-sum payout, life partner coverage, fixed income, or increasing income. This allows the insured to align the policy payment with their financial situation.
Family Protection
PNB MetLife Mera Jeevan Suraksha Plan offers the option to the policyholder to choose single or multiple nominees and select percentage entitlement for each nominee.
Maturity Benefit and Survival Benefit
When the policyholder outlives the policy term, they are eligible for the maturity benefit in the form of a return of premium.
Surrender Value
If the policyholder has chosen the 'With Return of Premiums' option at the time of policy commencement, they are eligible for a surrender value after a certain number of policy years.
Grace Period
PNB MetLife Jeevan Suraksha provides a grace period of 30 days (15 days for the monthly mode) for premium payments, ensuring that your policy remains in force even if a payment is missed.
Here is the list of exclusions associated with the plan:
PNB MetLife Mera Jeevan Suraksha Plan empowers policyholders to safeguard their family's financial future. With 4 plan options, Return of Premium (ROP), death benefits, and terminal illness coverage, it offers comprehensive protection and flexibility.
The 6 most-asked questions about PNB Mera Jeevan Suraksha, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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