PNB MetLife Term Insurance
PNB MetLife POS Suraksha is an individual, non-linked, non-participati ...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 POS Suraksha is an individual, non-linked, non-participating term insurance plan that provides guaranteed monthly income to support your family financially in your absence. It offers both death and maturity benefits for better financial protection of your loved ones.
The plan offers a policy term ranging from 10 to 15 years and starts at an affordable premium of just ₹177 per month. It comes with flexible premium payment options and an easy enrollment process, allowing you to buy it without any medical examinations.
PNB MetLife POS Suraksha 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 POS Suraksha Plan works with a simple premium illustration.
Abhinav, 30 years old, is looking for a simple pure protection plan to protect his family against any unforeseen events in his absence.
His financial advisor advised him to buy the PNB MetLife POS Suraksha Plan. He visited PolicyX.com.
Let's understand how the PNB MetLife POS Suraksha Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured | |
| 30 years | ₹568/month | ₹6,816/year | 30 years | 30 years | ₹2,04,480 | ₹25 Lakhs |
Key Takeaway: In case of Abhinav's unfortunate death during the policy term, his family will receive a lump sum death benefit payout.
You can add the following riders to your PNB MetLife POS Suraksha Plan:
The rider plan provides payment of an additional amount on the diagnosis of 10 critical conditions.
This rider offers additional benefits in case the policyholder is diagnosed with any of the terminal illnesses mentioned in the brochure.
This rider ensures that future due premiums are waived off in case of total and permanent disability of the life assured.
Key features that make PNB MetLife POS Suraksha stand out.
Guaranteed Monthly Income
PNB MetLife POS Suraksha offers a guaranteed monthly income up to 10 years to cover the living expenses of your loved ones after your absence.
Return of 100% Premium
Upon the survival of the whole policy term, PNB MetLife POS Suraksha returns all the paid premiums, excluding taxes and charges.
Flexible Premium Payment Term
With the option of a flexible premium payment term, you can choose a policy tenure that suits your requirements and budget. (Available Premium payment options are 5/10/15 years.)
Easy Enrolment
PNB MetLife POS Suraksha offers easy and hassle-free enrollment, due to the exclusion of regular medical examinations conducted in term plans.
Here are the key benefits of the PNB MetLife POS Suraksha.
Death Benefit
In the event of the death of the life insured during the policy term, PNB MetLife POS Suraksha will pay the death benefit to the nominee.
Maturity Benefit
Under PNB MetLife POS Suraksha, upon the full survival of the policy term, the life insured will be paid the absolute amount of benefit, which will be 100% of the total premiums paid.
Tax Benefit
All premiums paid for PNB MetLife POS Suraksha can be used as tax rebates up to ₹1.5 lakhs under Section 80C of the Income Tax Act 1961.
Death Benefit Payout Options
Under the POS Suraksha Plan from PNB MetLife, you can choose between two death benefits: monthly income for a period of 120 months (10 years) or a lump sum one-time payment.
Here is the list of exclusions associated with the plan:
PNB MetLife POS Suraksha is an individual, non-linked, non-participating term insurance plan that offers guaranteed monthly income and maturity benefits, providing comprehensive financial protection for your family.
The 8 most-asked questions about PNB MetLife POS Suraksha, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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