PNB MetLife Saral Jeevan Bima

PNB MetLife Saral Jeevan Bima

PNB MetLife Saral Jeevan Bima is a standard term plan as per guidelines of Insurance Regulatory & Development Authority of India (IRDAI). The plan aims to simplify the approach to buying term life insurance with same offerings and same policy terms & conditions across all the insurers. What really differs is the levels of service and customer experience when you buy the plan and ease of interactions after you have bought it.

PNB MetLife Saral Jeevan Bima in a nutshell
1. Protection for your family
2. Choice of Policy Term
3. Choice of Premium Payment Term Options

What you get
Sum Assured

This plan offers life protection to you & your family for sum assured ranging from Rs.5 Lakhs to Rs.25 Lakhs.

Choice of Policy Term

With this plan, you can choose to stay protected for a fixed term ranging from 5 years to 40 years

Choice of Premium Payment Option

With this plan you can choose to pay for a limited period, one time or throughout the policy term.

What you don't get

Maturity Benefit

With this plan, no benefit is payable on survival till the end of the policy term.

Surrender Benefit

Surrender Benefit not applicable under this plan

Loan

There is no policy loan available in this plan

Death by Suicide

We do not cover demise by suicide if it has taken place over 12 months since the commencement of the policy. However, if the life assured has passed away due to suicide within 12 months of date of policy commencement, the nominee is entitled to at least 80% of the Sum Assured.