PNB MetLife Term Insurance
PNB MetLife Loan and Life Suraksha Plan offers life insurance along wi ...Read More
PNB MetLife Loan and Life Suraksha Plan offers life insurance along with protection for your mortgage, educational, personal, and auto loans. The policy comes in 3 types of coverage options.
A quick read on what this PNB MetLife Term Insurance term plan covers and why it might be a fit for you.
PNB MetLife PNB MetLife Loan and Life Suraksha Plan is a comprehensive term insurance plan designed to secure your financial liabilities such as home loans, education loans, personal loans, and auto loans. The plan offers flexible coverage options including reducing cover, level cover, and increasing cover that adjusts according to changes in your loan amount.
The plan supports joint coverage for up to 2 individuals under housing and education loans, which makes it best for co-borrowers and families. For group insurance policies, coverage can be extended to up to 50 members.
PNB Metlife Loan & Life Suraksha Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Key features that make PNB MetLife Loan and Life Suraksha stand out.
Dual coverage option
You will get a dual coverage option of reducing cover option and Level Cover Option.
Increase of Sum Assured due to increase in loan
You can choose a higher sum assured that matches your loan amount.
Moratorium
A moratorium period is when you are not required to repay the loan amount for a certain period. The loan lender sets the moratorium period and PNB Metlife will prepare the loan schedule accordingly.
Joint Life Option
Under this feature, you can cover your spouse, child, parent, and siblings.
Here are the key benefits of the PNB MetLife Loan and Life Suraksha.
Death benefit
Upon the death of the life insured during the policy term, PNBMetlife PNB Metlife Loan & Life Suraksha offers a policy sum assured to the group members.
Surrender benefit
This plan offers no surrender value on a pure protection plan. However, for the single and limited pay premium payment modes, the surrender benefits will be paid.
Here is the list of exclusions associated with the plan:
PNB Metlife Loan & Life Suraksha offers a wide range of coverage from loan benefits to life cover. It offers life coverage at affordable premiums along with tax benefits as per the law. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.
PNB Metlife Loan & Life Suraksha offers a wide range of coverage from loan benefits to life cover. I
The 6 most-asked questions about PNB MetLife Loan and Life Suraksha, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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