Insurance

PNB MetLife India Insurance Company Limited

PNB MetLife India Insurance Company Limited

PNB MetLife India Insurance Company Limited (PNB MetLife) is a joint venture where MetLife, Inc. and Punjab National Bank (PNB) are the majority shareholders. PNB MetLife was previously known as MetLife India Insurance Company Limited (MetLife India). MetLife India has been present in India since 2001.

PNB MetLife brings together the financial strength of one of the world’s leading life insurance providers, MetLife, Inc., and the credibility and reliability of Punjab National Bank, one of India's oldest and leading nationalised banks. The vast distribution reach of PNB together with the global insurance expertise and product range of MetLife makes PNB MetLife a strong and trusted insurance provider.

Term -> Met Mortgage Protector Plus

Eligibility Description
Minimum Sum Assured 50000
Maximum Sum Assured No Limit
Minimum Entry Age 18
Maximum Entry Age 60
Maximum Maturity Age 65
Paying Term Single Pay, Limited Pay (2/3rd of outstanding loan term)
Payment Frequency Monthly,Quarterly,Half Yearly,Yearly

Feature Description
Coverage Protects your dependents against the liabilities incurred on a housing loan, protection for all kinds of loans taken for a period above 5 years.
Exclusions In case the life insured commits suicide within 1 (one) year of the commencement of the policy, no benefits outlined in the plan would be payable.
Grace Period If any premium is not paid on its due date, a grace period of 30 (thirty) days will be allowed for the payment of the premiums without interest. During this grace period the policy shall continue to be in force for all insured events. If the premium/s is / are not paid within the grace period, the policy shall lapse and be subject to non-forfeiture options (guaranteed surrender value and reduced paid-up options).
Pre Mandatory Medical Not available
Cost Health Checkup Not available
Riders Not available
Surrender Value There is no guaranteed surrender value applicable for this option
Revival Laps Policy Information Not available
Cancellation Clause Information Not available

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