PNB MetLife Endowment Savings Plan Plus

PNB MetLife Endowment Savings Plan Plus

PNB MetLife Endowment Savings Plan Plus, is an endowment life insurance plan that helps you accumulate your savings for your financial needs at every stage of life. Additionally, this monthly savings plan provides life cover to protect your family along with an option to protect your goals against critical illnesses.

PNB MetLife Endowment Savings Plan Plus in a nutshell
1. Protect your family's future
2. Additional bonuses from 1st policy year
3. Waiver of Premium against 35 Critical Illnesses
4. Life Cover for entire policy term

What you get

Life Cover

In case of an unfortunate incident, your Nominee will get Death benefit comprising of the cover selected.

Maturity Benefit

Avail a maturity benefit on surviving the term. You can claim your maturity once the policy term comes to an end.

Waiver of Premium on Critical Illness

If you've opted for Savings Plus options, your future premiums shall be waived upon diagnosis of any of the 35 listed Critical Illnesses.

Simple Reversionary Bonus & Terminal Bonus

A bonus gets added to your policy from first year of the policy which is payable either at maturity or death or surrender whichever is earlier

Plan Options

This plan can financially protect you and your loved ones with two variants: Savings option & Savings Plus option.

With PNB MetLife Endowment Savings Plan Plus, you can:
1. Create a corpus to fulfill your goals
2. Pre-pay your home loan
3. Save for your child's higher education
4. Save for your retirement needs
5. Opt to protect your family's future with waiver of premium against 35 critical 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.