PNB Metlife Family Income Protector Plus
- Monthly Income for 20 yrs
- Return of premium
- Tax benefits
'A Term plan that gives regular monthly income after your demise'
If you support your family financially through your income, then undoubtedly, the comfort, happiness, and protection of your loved ones depend on you. But what if any miss-happen occurs to you? Such a scenario can strip your family off the financial aid too.
Therefore, to keep the family income flowing even after your demise, PNB Metlife has introduced a term plan named 'Family Income Protector Plus'. A unique non-linked term insurance plan that will protect your family from any future uncertainties by providing a regular monthly income for up to 20 years. Not only this, if you outlive your policy, the premiums that you paid will be given back to you.
PNB Metlife Family Income Protector Plus offers you a range of benefits including:
Minimum Age - 25 years Maximum Age - 60 years
Maximum Maturity Age - 75 years
Minimum term - 10 years Maximum term - 20 years
Basic Sum Assured: ₹14L to ₹1.4Cr.
The policy loan is not available under PNB Metlife Saral Jeevan Bima.
Annual, Semi-Annual, and Monthly
Let's understand how the PNB Metlife Family Income Protector Plus Plan works with a simple premium illustration.
Sanjay, 30 years old, is looking for a term plan with a return of premium benefit and a guaranteed monthly payout option so his family can manage their regular expenses in his absence.
His financial advisor advised him to buy the PNB Metlife Family Income Protector Plus Plan Work. He visited PolicyX.com.
Let's understand how the PNB Metlife Family Income Protector Plus Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹968/month | ₹11,616/year | 30 years | ₹3,48,480 | ₹25 Lakhs |
Key Takeaways: If Sanjay passes away during the policy term, his family will receive guaranteed monthly income from next month till the benefit period ends.
Here are the benefits associated with the PNB Metlife Family Income Protector Plus
Upon your demise, the nominee will receive a regular monthly income as per the chosen benefit option.
Upon the survival of the whole policy term, Family Income Protector Plus will pay you back 110% of the total premiums paid during the policy term.
You can opt for the return of premium benefit at policy inception in exchange for additional premiums. Under this option, the maturity benefit equal to the premium paid till the end of the policy term shall be payable to you.
For the pure-term cover, no surrender benefit is available, and the top option is to get surrender value; you have to pay at least two full years of premiums.
You can add the following riders to your PNB Metlife Family Income Protector Plus Plan:
Get additional health coverage on top of the base cover in case of a diagnosis of any listed critical illnesses.
Get an extra payout on top of base cover upon your unfortunate death due to an accident.
Get an extra payout on top of the base cover on total and permanent disability due to an accident.
Here is the list of exclusions associated with the plan:
PNB MetLife presents one of the most unique term insurance plans that helps your family financially in your absence by providing regular monthly income. If you want to know more about the plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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