PNB MetLife POS Suraksha

Overview

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.

Key Features and Benefits

Affordable Premium

The plan starts at an affordable premium of just ₹177 per month.

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, or 15 years.

Guaranteed Monthly Income

PNB MetLife POS Suraksha offers a guaranteed monthly income for up to 10 years to cover the living expenses of your loved ones after your absence.

Return of 100% Premium

Upon survival of the entire policy term, PNB MetLife POS Suraksha returns all paid premiums, excluding taxes and charges.

Maturity Benefit

Under PNB MetLife POS Suraksha, upon the full survival of the policy term, the life insured will be paid 100% of the total premiums paid.

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.

Death Benefit Payout Options

Under the POS Suraksha Plan from PNB MetLife, you can choose between two death benefit payout options: monthly income for a period of 120 months (10 years) or a lump sum one-time payment.

Tax Benefits

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.

Easy Enrolment

PNB MetLife POS Suraksha offers easy and hassle-free enrollment, due to the exclusion of regular medical examinations conducted in term plans.

Riders Associated with PNB MetLife POS Suraksha Plan

You can add the following riders to your PNB MetLife POS Suraksha Plan:

PNB MetLife Critical Illness Rider

This rider provides payment of an additional amount upon the diagnosis of 10 critical conditions.

PNB MetLife Terminal Illness Rider

This rider offers additional benefits if the policyholder is diagnosed with any of the terminal illnesses mentioned in the brochure.

PNB MetLife Waiver of Premium Rider

This rider ensures that future due premiums are waived off in case of total and permanent disability of the life assured.

Exclusions

• Death due to a pandemic is not covered.
• Death caused by any type of adventure sports.
• Death due to consumption of drugs and alcohol.
• Death due to any pre-existing disease not disclosed at the start of the policy.
• If a policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits are paid to the nominee.