PNB Mera Jeevan Suraksha
- Return of Premium Benefit
- Waiver of Premium
- Terminal Illness Cover
PNB Metlife Mera Jeevan Suraksha Plan is designed to provide quality coverage in unforeseen circumstances. The plan not only includes death coverage but also encourages and rewards you for staying fit by offering discounts for non-smokers. The policy term is a maximum of 40 years and is available as an individual and family floater plan.
The minimum entry age for this plan is 18 years, whereas the maximum entry age is 65 years. The plan offers a 105% terminal illness benefit. Jeevan Suraksha Plan is available in 4 plan variants along with a family protection option to choose the nominee.
PNB Metlife Mera Jeevan Suraksha Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 80 years
Minimum term - 10 years Maximum term - 40 years
Basic Sum Assured: ₹25L to No Limit
The policy loan is not available under PNB Mera Jeevan Suraksha Plan.
Annual, Semi-Annual, and Monthly
Let's understand how the PNB MetLife Mera Jeevan Suraksha Plan works with a simple premium illustration.
Himanshu, 30 years old, is looking for a term plan that provides a spouse coverage option so he can add his wife to the same plan.
His financial advisor advised him to buy the PNB MetLife Mera Jeevan Suraksha Plan Work. He visited PolicyX.com.
Let's understand how the PNB MetLife Mera Jeevan Suraksha Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,096/month | ₹13,152/year | 30 years | ₹3,94,560 | ₹1 Crore |
Key Takeaways: If the first insured person dies, a life cover amount shall be payable to the surviving partners, and the policy shall continue till maturity or the death of the second person, whichever is earlier.
Here are the benefits associated with the PNB Mera Jeevan Suraksha
The policyholder can select from various payment options, including lump-sum payout, life partner coverage, fixed income, or increasing income. Through this, the insured can align their financial situations and the policy payment.
PNB MetLife Mera Jeevan Suraksha Plan offers the option to the policyholder to choose single/multiple nominees and select percentage entitlement to each nominee.
When the policyholder outlives the policy term they are eligible for the maturity benefit, in the form of the return premium.
If the policyholder has chosen the 'With Return of Premiums' option, at the time of police commencement after a certain number of policy years, he/she is eligible for surrender value.
PNB Metlife Jeevan Suraksha provides a grace period of 30 days (15 days for the monthly mode) for premium payments, ensuring that your policy remains in force even if you miss a payment.
You can add the following riders to your PNB MetLife Mera Jeevan Suraksha 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.
Here is the list of exclusions associated with the plan:
PNB MetLife Mera Jeevan Suraksha Plan stands as a peer in an unpredictable journey of life. With 4 plan options, ROP and death benefit, it empowers the policyholder to safeguard their family's financial future. This plan not only provides maturity benefits but also offers the flexibility to cater to the various needs of the policyholder. The plan offers coverage for terminal illness and a rebate on the higher sum assured. Overall the plan covers all the important areas in which an individual may need an insurance policy to safeguard their loved ones financially in case of their absence.
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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Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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