PNB MetLife Super Saver Plan

PNB MetLife Super Saver Plan
PNB MetLife Super Saver Plan is a non-linked, participating life insurance plan that helps you accumulate your savings and provides a long-term financial protection for you and your family. Additionally, it also provides a waiver of premiums to ensure that your goals are not compromised in case of critical illness or an untimely demise.

PNB MetLife Super Saver Plan in a nutshell
1. Growth with Bonuses
2. Maturity Benefit
3. Liquidity with Cash Bonuses
4. Waiver of Premium benefit

What you get

Plan options
This plan offers you three Plan options namely, Savings, Savings + Family Care, and Savings + Health Care Option that have various provisions to help save for your family's future.

Bonus options
The policyholder shall have the option to choose Accumulation OR Liquidity bonus options at inception of the policy

Life Cover
Provide financial protection to your loved ones even in your absence so they can continue to manage life expenses.

Maturity Benefit
In case you survive your policy term, the Sum Assured accumulated will be paid to you and your loved ones.

With PNB MetLife Super Saver Plan, you can:
1. Gain financial strength to fulfil your aspirations and goals
2. Ensure financial protection for your family with Savings + Family Care option where Maturity benefit is paid as scheduled even after death of the Life Assured and no future premiums are payable after death.
3. Safeguard your goals from unexpected illnesses

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.

Exclusions for Critical Illness benefit
No waiver of premium benefit will be payable if the Critical Illness is caused or aggravated directly or indirectly by any of the mentioned acts in Term & Conditions of the life insured unless those are beyond his / her control.

Waiting Period
A waiting period of 90 days from policy inception or from any subsequent revival, whichever is later, is applicable. If a claim occurs for the waiver of premium (WOP) benefit during the waiting period, the WOP cover terminates and future premiums shall be reduced to the premiums payable under Savings option for a similar contract.