PNB MetLife Mera Term Plan

PNB MetLife Mera Term Plan

Created to ensure that your family is taken care of even in your absence PNB MetLife Mera Term Plan does more than provide financial independence to them. Taking into account every stage of life your family and you go through; this comprehensive term plan makes sure that all their expenses & needs at any point in life are met without compromising on quality of life.

PNB MetLife Mera Term Plan in a nutshell
1. Cover your family's future
2. Cover your partner, hassle-free
3. Option to pay premiums for limited term
4. Coverage till the age of 99#

What you get

Life cover till 99# years

Get the longest life cover till up to 99# years of age and be tension-free about protecting your loved ones.

Max sum assured

Even with an affordable premium, you can get your family all-rounded protection with a maximum sum assured of Rs 50 crore.

Affordable Premiums

Don't compromise on your current lifestyle in order to prepare for the future. Our affordable premium rates enable your loved ones to live a comfortable life, in your presence or absence.

Payout Flexibility

With complete payout flexibility in four modes, your loved ones' expenses & lifestyle are taken care of at every life stage.

Enhance PNB MetLife Mera Term Plan with

Life Cover Till 99 Years

Get extended coverage till 99# years of age.

This plan offers a maximum maturity age of 99# years for all options except the Joint Life Cover option. In case of the Joint Life Cover Option, the maximum maturity age is 75 years for both the primary and secondary lives.

Riders

Get additional protection benefits for your health and other uncertainties.

Along with providing protection to your family, get a shield against uncertain expenses due to unfortunate events.
Here's what the plan offers:
1. Accidental Death
2. Accidental Disability Benefit
3. Serious Illness Cover
4. Critical Illness Cover

Joint Life cover

Secure your spouse's life through Joint Life Benefit.

What's yours is theirs. So why not even your policy? Get a cover for your life and your spouse's in one policy through our Spousal Cover enhancement.

1. Waiver for future premiums for your partner's cover.
2. Avail this option if your Sum Assured exceeds Rs. 50 lakhs
3. 50% of your Sum Assured is reserved for your partner (capped at Rs. 50 lakhs).
4. In case your partner is a homemaker, a cover of Rs. 25 lakhs are provided

Life Stage Protection

Opt for increasing your coverage at different life stages as your responsibilities increase. Buy an cover after your

Your required life cover increases with increasing responsibilities. Life stage protection option gives you the opportunity to buy an additional cover as per the then prevailing age and premium without any

1. On marriage:Equal to 50% of the original cover subject to maximum of Rs. 5,000,000.
2. On first child:Equal to 25% of the original cover subject to maximum of Rs. 2,500,000.
3. On second child:Equal to 25% of the original cover subject to a maximum of Rs. 2,500,000.

Payout Options

Customizable protection plan which gives you the flexibility to choose from four payout options

1. Full Lump Sum Payout:The sum assured is paid as a lump-sum amount
2. Payout as Lump Sum + Regular Monthly Income:Under this option, half of the sum assured is paid as a lump-sum, while the balance is paid as constant monthly instalments over the next 10 years
3. Payout as Lump Sum + Increasing Monthly Income:This option pays 50% of the sum assured as lump-sum, while the remaining fund is paid as increasing monthly instalments. The payout in instalments increases by 12% per annum at a simple rate of interest.
4. Payout as Lump Sum + Regular Monthly Income till child turns 21:This is the ideal option for people with a child aged 15 years or less. Half of the sum assured is paid as lump-sum while the other half is paid in equal monthly instalments till the nominated child attains the age of 21.

PNB MetLife Mera Term Plan can help you:
1. Safeguard your family's financial independence even in your absence
2. Joint life benefit to cover your spouse in the same policy
3. Freedom for your children to pursue their dream career and goals without any financial worries
4. Coverage of up to 99# years
5. Choose to either pay premiums for the chosen coverage period or to pay premiums for 10 years

What you don't get
Driving Under Influence

We cover demise due to accidents. However, if said accident was caused due to drunk driving, or driving under influence of narcotics, the claims made subsequently will be rejected.

Suicide Exclusions

If the Life Assured's death is due to suicide within twelve months from the date of commencement of risk or from the Date of Revival of the Policy as applicable, the Nominee or beneficiary of the Policyholder shall be entitled to 80% of the total Premium paid till the date of death under the Policy death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in In force status. We shall not be liable to pay any interest on this amount.

Self-inflicted injury

If the life assured has passed away due to self-inflicted injury or hazardous activities, the claims made subsequently will be rejected.