PNB MetLife POS Suraksha Term Plan

"A term plan that gives guaranteed monthly income"

Are you the sole earning member of your family, and feel worried about what will happen in case of an emergency? Who will take care of all expenses? So your wait is over! Today we have got you a term plan named PNB MetLife POS Suraksha that gives a guaranteed monthly income to secure your family's well-being after your absence.

PNB MetLife POS Suraksha is an individual non-linked non-participating term insurance plan that consists of the dual benefit of death and maturity to enhance the protection of your loved ones economically. With the flexible premium paying option and easy enrollment you can purchase this term plan without any medical examinations.

PNB MetLife POS Suraksha offers a policy term of a minimum of 10 years and a maximum of 15 years, starting with just rupees 177/- per month.

This article will cover all the information available in the PNB MetLife POS Suraksha term plan.

PNB MetLife POS Suraksha: Eligibility criteria

PNB MetLife POS Suraksha: Features

Below are the features available in PNB MetLife POS Suraksha.

PNB MetLife POS Suraksha: Benefits

1. Death benefit

   In the event of the death of life insured during the policy term PNB MetLife POS Suraksha will pay the death benefit to the nominee among the highest of the following:

   • 10 times the Annualized Premium
   • Basic Sum Assured which is the absolute amount assured to be paid on death
   • 105% of the Total Premiums Paid as of the date of the Life Assured's death

2. Maturity benefit

   Under PNB MetLife POS Suraksha, upon the event of full survival of the policy term the life insured will be paid as the absolute amount of benefit and the amount payable will be 100% of the Total premiums paid. (Exclusion of govt. taxes and charges.)

3. Death benefit payout options

   Under the POS Suraksha Plan from PNB MetLife, you can choose between two death benefits i.e. monthly income for a period of 120 months i.e. 10 years or a lump sum one time payment.

4. Tax benefits

   All the premiums paid for PNB MetLife POS Suraksha can be used as tax rebates up to 1.5 lacs under section 80C of the Income Tax Act 1961.