PNB MetLife Group Flexi Term Plus

PNB MetLife Group Flexi Term Plus

PNB MetLife Group Flexi Term Plus is a comprehensive group insurance policy that offers coverage against Death, Accidental Death, Disability, Critical Illness, and Terminal Illness to the insured members and protects their families from the burden of financial liabilities. This product is suitable for employer-employee groups, non employer-employee groups, and non-employer-employee homogenous groups as it helps meet the organization's aims of providing protection to their customers, employees, and group members. PNB MetLife Group Flexi Term Plus is a flexible product that can be customised by the organization to meet the specific requirements of the group.

PNB MetLife Group Flexi Term Plus in a nutshell

1. Multiple Coverage Options
2. Joint Life Cover
3. Flexibility to choose your cover term
4. Flexibility to choose your Benefit Payout

What you get

Choice of 5 Benefit Options

Get to choose among Life cover, Extra Life cover, Life and Health cover, Extra Life and Health cover, and Accidental Cover.

Payout Flexibility

Choose to receive your benefits as a lumpsum, monthly income over 2 - 10 years, or as a combination of both.

Joint Life Coverage

Joint life cover option has two variants and it may be taken at inception of the cover for a maximum of two lives only.

Non-Forfeiture Benefit

For single premium policies, we shall pay the unexpired premium value if the policy is voluntarily closed during the policy term.

Critical Illness Coverage

The plan provides coverage equal to the Sum Assured upon the first diagnosis of any of the specified 35 critical illnesses.

PNB MetLife Group Flexi Term Plus provides:

1. Single Life and Joint Life Coverage
2. Multiple Coverage Options to choose from
3. Flexibility to choose cover term ranging from minimum 1 month to 40 years
4. Flexibility to select Benefit Payout Options like Lumpsum, Monthly Income, Lumpsum Plus Monthly Income.
5. Choice of Level or Increasing/Decreasing Cover

What you don't get

Suicide Exclusions

In case of death of the member due to suicide within 12 months from the date of commencement of risk under the policy or from the date of latest revival of the member under the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to 80% of the total premiums paid till the date of death or the unexpired premium.

Critical Illness Exclusions

This plan does not cover medical conditions that fall under our list of exclusion criteria. Kindly check the sales brochure for a detailed list of exclusions under critical illnesses.

Accidental Death Exclusions

This plan does not cover accidental death caused due to participation in hazardous or competitive sports, attempted felony, riots, illegal use of stimulants etc. Kindly check the sales brochure for a detailed list of exclusions under accidental death.