PNB MetLife Income Protection Plan

PNB MetLife Income Protection Plan

A non-linked non-participating life insurance plan that meets your savings as well as protection needs, PNB MetLife Income Protection Plan is designed to ensure a happy life for your family in your absence with guaranteed monthly income or lumpsum to ensure stability.

PNB MetLife Income Protection Plan in a nutshell
1. Guaranteed Payout
2. Protection for your family
3. Easy Enrolment
4. Flexibility

What you get

Family Protection

Get life cover for the entire policy term and ensure protection for your entire family.

Guaranteed Payouts

Receive guaranteed payout from 100% to 150% of Total premiums paid at the end of the policy term with this plan.

Tax Benefits

As per the prevailing tax laws, PNB MetLife Income Protection Plan gives you the advantage of availing tax Benefits on both premiums paid and Benefits received.

Flexible Plan

With this plan you can choose how long you want to pay premiums from 5/7/10 years & get the option to choose Death Benefit as Lumpsum or Monthly Income

With PNB MetLife Income Protection Plan:
1. Ensure financial security for your family in case of your unfortunate death
2. Choose to provide regular income for your family to take care of their living expenses in case of your untimely demise
3. Guaranteed Lump Sum ranging from 100% to 150% of Total premiums paid on survival till Maturity

What you don't get

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.