PNB Metlife India Insurance Co. Ltd.
MetLife Mera Term Plan is a simple and easy to buy solution that helps you do just that
1-Safeguard your family’s financial independence even in your absence
2-Joint life benefit to cover your spouse in the same policy
3-Freedom for your children to pursue their dream career and goals without any financial worries
MetLife Mera Term Plan is a simple and easy to buy solution that helps you do just that
- Safeguard your family’s financial independence even in your absence
- Joint life benefit to cover your spouse in the same policy
- Freedom for your children to pursue their dream career and goals without any financial worries
Product Benefits:
- MetLife Mera Term Plan is a customizable protection plan which gives you the flexibility to choose from four payout options and also offers coverage for your spouse in the same policy.
- Full Lump Sum Payout
- Payout as Lump Sum+ Regular Monthly Income
- Payout as Lump Sum+ Increasing Monthly Income
- Payout as Lump Sum+ Regular Monthly Income till child turns 21
Additional Features:
With this plan, additional protection is available for :-
- Accidental Death cover
- Accidental Disability cover
- Cancer & Heart Attack cover
- 10 Serious Illnesses cover
With the choice of Base Sum Assured and Policy Term you can also choose additional features. These will give you additional benefits in case of certain events during your lifetime.
Joint Life Benefit:
This unique benefit ensures that life cover for your better half continues even if you are not there. All future premiums for your partner’s cover will be waived off. This option is available if your sum assured is more than 50 lacs. Coverage for partner is limited to 50% of your sum assured (max limit – 50 lacs). If your partner is a homemaker a 25 lac cover is provided.
Life Stage Protection:
Your required life cover increases with increasing responsibilities. Life stage protection option gives you opportunity to buy an additional cover as per the then prevailing age and premium without any medical examination on the following circumstances.
.On marriage: Equal to 50% of the original cover subject to maximum of Rs. 5,000,000.
.On first child: Equal to 25% of the original cover subject to maximum of Rs. 2,500,000.
.On second child: Equal to 25% of the original cover subject to maximum of Rs. 2,500,000.
