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Investment Plans

PNB MetLife Loan and Life Suraksha

A group life insurance policy linked to loans, the PNB MetLife Loan and Life Suraksha provides cover on outstanding loan amounts to ensure the security of loans in case of unfortunate events.

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PNB MetLife Loan and Life Suraksha

A group life insurance policy linked to loans, the PNB MetLife Loan and Life Suraksha provides cover on outstanding loan amounts to ensure the security of loans in case of unfortunate events.

PNB MetLife Loan and Life Suraksha in a nutshell
1. Joint life option.
2. Increases loyalty among customers.
3. Reduce default risk due to customer death.
4. Flexible plan with coverage options.

What you get

Flexible Premium Payment Modes

Group Term Life Plus 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.

Premium Paying Options

The PNB MetLife Loan and Life Suraksha gives you the flexibility to opt for single pay and limited pay of 5 years and 10 years

Flexibility in Sum Assured

The policy's design gives the policyholder flexibility to increase the Sum Assured due to increase in loan from as minimum as Rs.5,000 per member.

Surrender/Partial Surrender Benefit

While there is no surrender value for a pure protection plan, since the members paying premiums through Single and Limited Pay options, they are entitled to a certain amount based on their choice of premium payment.

PNB MetLife Loan and Life Suraksha ensures that it:
1. Provides competitive edge to your existing product portfolio
2. Increases loyalty due to additional protection
3. Reduces default risk due to a customer's death
4. Allows you to maintain a long-term relationship

What you don't get

Maturity Benefit

No survival or maturity benefit is payable under the PNB MetLife Loan and Life Suraksha plan.

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.

Term Insurance

Maturity Benefits

Not Covered

No maturity benefit is payable under the PNB MetLife Loan and Life Suraksha plan.

Survival Benefits

Not Covered

No survival benefit is payable under the PNB MetLife Loan and Life Suraksha plan.

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