Buying the perfect life insurance can be a difficult decision to make taking into consideration the wide range of products available in the market today. A term plan provides adequate coverage for very low costs. The premiums are affordable while the sum assured is much higher, and this is due to the fact that most term plans do not carry any maturity benefits. A term plan can help you secure financial independence for your family after you are no more. PNB MetLife also offers joint life benefit that allows you to add your spouse to the plan.
When you take out a term plan from PNB MetLife, you can benefit from the following:
PNB MetLife offers one online term plan called MetLife Mera Term Plan that offers a host of benefits to policyholders. You need to be at least 18 years old to avail this policy. The maximum age at entry cannot exceed 65 years. Under this plan, the policyholder can opt for a minimum sum assured of Rs.10 lakhs. The following are the benefits payable under this plan:
Death Benefit Policyholders can choose from four options on how they would like their nominees to receive the benefits:
Enhance your level of protection by opting for riders available with this plan.
|Plan Name||Entry Age||Maturity Age||Premium|
|MetLife Mera Term Plan||18 years to 65 years||75 years||Lump sum - Rs.683 per month for Rs.1 crore cover Lump sum + income - Rs.607 per month for Rs.1 crore cover Lump sum + increasing income - Rs.596 per month for Rs.1 crore cover Lump sum + income till child turns 21 - Rs.567 per month for Rs.1 crore cover|
Founded in 1868, MetLife has catered to over 100 million customers around the globe. In association with Punjab National Bank, MetLife offers its services and products in India. They take pride in their approach of “Our customer First Approach”, and was awarded the “World’s Most Admired Company” among life and health insurers in 2015 by Fortune magazine.
If you have dependents and feel the need to ensure they are financially protected in case of your untimely demise, then a term plan is an ideal investment. Term plans give you the opportunity to pay low premiums for your life insurance and divert your money into other more fruitful investments.