PNB MetLife Complete Loan Protection Plan

PNB MetLife Complete Loan Protection Plan

Created with the idea to provide the entire spectrum of coverage in one, the PNB MetLife Complete Loan Protection Plan offers coverage against death, disability, critical illness and terminal illness to the insured member and protect their families from the burden of financial liabilities.

PNB MetLife Complete Loan Protection Plan in a nutshell
1. Multiple coverage options.
2. Level or reducing cover option.
3. Joint life cover.
4. Suited for employer-employee and non-employer-employee homogeneous groups.

What you get

Choice of Plans

With the PNB MetLife Complete Loan Protection Plan, you get the choice for 4 different types of coverage and benefit options to ensure the plan is suited to all your needs.

Flexible Premium Payment Modes

PNB MetLife Complete Loan Protection Plan is a flexible group insurance plan that allows you to choose from Yearly, Half Yearly or Monthly premium payments to ensure a stable life for you and your family.

Option of Co-Borrowers

With this plan, you have the option of including up to 5 co-borrowers and a separate life cover for each.

Premium Paying Options

The PNB MetLife Complete Loan Protection Plan gives you the flexibility to opt for Single Pay or Limited Pay of 5 years.

What you don't get

Pre-existing Disease

Any condition that is pre-existing at the time of inception of the rider policy Pre-existing Disease means any condition, ailment, injury or disease:

a) That is/are diagnosed by a physician within 48 months prior to the effective date of the policy issued by the insurer or its reinstatement

b) For which medical advice or treatment was recommended by, or received from, a physician within 48 months prior to the effective date of the policy issued by the insurer or its reinstatement.

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.

Exclusion of Illness

Under this Plan, the Life Insured will not get any cover for Existence of any sexually Transmitted Disease (STD) and its related complication.

Substance Abuse

Alcohol or Solvent abuse or taking of Drugs, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a registered medical practitioner are not covered.