PNB MetLife Mera Jeevan Suraksha Plan

PNB MetLife Mera Jeevan Suraksha Plan

Designed to ensure financial security for your family not just in your absence but also your presence, PNB MetLife Mera Jeevan Suraksha Plan comes with the option to cover your spouse as well as to choose return of premiums on survival till the end of the policy term, ensuring a stable future for family with and without you.

PNB MetLife Mera Jeevan Suraksha Plan in a nutshell
1. Comprehensive Cover
2. Choose Your Protection
3. Joint Life Cover
4. Return of Premiums

What you get

Choice of Protection against Death or Terminal Illness

a. Opt to secure your family's future with benefit Option 1 - Lumpsum and Option 2 - Life Partner

b. Opt for double the protection with monthly income plus '100 times of monthly income' as lump sum with benefit Option 3 - Fixed Income and Option 4 - Increasing Income

Tax Benefits

As per the prevailing tax laws, PNB MetLife Mera Jeevan Suraksha Plan gives you the advantage of availing tax benefits on both premiums paid and benefits received.

Choice of return on Premiums

You can opt for 'With Return of Premium' Option to get your premiums back on survival till maturity.

Benefits on Higher Sum Assured

Special premium rates will be offered upon choosing higher sum assured, depending on sum assured slabs. The available sum assured slabs are Rs. 25 lakhs - Rs. 49.99 lakhs, Rs. 50 lakhs - Rs. 99.99 lakhs, Rs. 1 crore - Rs. 1.99 crore, Rs. 2 crore and above.

PNB MetLife Mera Jeevan Suraksha Plan ensures that you:
1. Choose your protection against Death or Terminal Illness
2. Opt to get your money back on survival till maturity with 'With return of premiums' option^
3. Decide your legacy and protect your family*
4. Avail tax benefits on premiums paid & benefits received, as per prevailing tax laws
5. Special rates for women

*Nomination in accordance with Section 39, please refer extract provided at the end of the sales literature and with your policy document
^'With return of premiums' option and cover for spouse under benefit option 2 will be available on payment of additional premiums

What you don't get

No alterations in benefits

With this plan, the Death or Terminal Illness Benefit is payable according to the benefit chosen by policyholder at inception which cannot be altered during the policy term.

Maturity Benefit

Maturity Benefit is payable only if 'With Return of Premiums' option is chosen by the Policyholder.

Loans

There is no policy loan available in this plan.

Exclusion of Illness

Under this Plan, the Life Insured will not get any cover for certain Terminal Illness like AIDS.

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.