FAMILY PROTECTION
Pure term insurance plans have always been smart in terms of their cost-effectiveness. They are low-cost and high sum-assured insurance plans. You can get term insurance cover for a big amount at low premiums and attain tax benefits up to Rs. 1.5 Lakh under Section 80C. It also cannot exceed 10% of the sum assured. Also, term insurance plans are the first step towards financial security. In case of the unfortunate demise of the policyholder during the policy term, the family gets the amount equal to the life insurance cover. The idea is that you should be able to provide your family/dependents in your absence, and your investments does not suffice. So, if you do not want your beloved family members to compromise on their lifestyle, then a term insurance plan, with its ‘sum assured’ comes in handy.
As the name suggests, the term insurance plan is insurance that you get for a specific time period. This specific time period is a fixed number of years and the policy comes into effect only if the policyholder dies during that period. So, if you felt restricted by this earlier vanilla version of term insurance plans, then here’s some news:
To sum it up, the term insurance plans nowadays, bring you protection benefits, maturity benefits and tax benefits - all of it at a reasonably low premium. Moreover, these plans can now be bought online, without the involvement of any intermediary at all. Visit PNB MetLife to know more about Life Insurance, Long Term Savings & more.
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As your trusted life insurance partner, PNB MetLife covers COVID-19 claims. In the event of a death claim, please submit a signed claim form mentioning the policy number, a brief description of the insured event, and all other mandatory claim documents to the email addresses provided below. You may write to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. For death claim intimation or any queries, you can also call us at 1800-425-6969 (for customers calling from within India only), Monday to Saturday, between 10:00 am and 7:00 pm.
PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.