LONG TERM SAVINGS
Ever since the government has allowed privatization in the field, life insurance is a rapidly growing sector. Times are uncertain and it is important to secure your life as well as the lives of your loved ones.
Here is where life insurance policies become an important form of investment. Life insurance plans are basically a contract between the policy holder and the insurance company.
There are various types of life insurance policies available in India: Term Insurance, Endowment Plans, Money back Policy, Unit Linked Insurance Plan and Whole Life Policy. Each life insurance is designed keeping in mind the phase in one’s life and your requirements. This could be health, protection, retirement, savings and investment, vehicle and travel.
The simplest and the least expensive out of all these is Term insurance which refers to a limited period insurance which is basically an insurance coverage given to an individual for a specified period of time and at fixed rate payments.
Given the busy and fast paced lives we all lead, one doesn’t generally think of saving or investing in an insurance plan. However, buying life insurance at an early age can amount to substantial amount of saving. The earlier you start saving, the better it is. So to say that the insurance premiums are considerably lower at a younger age, therefore you save more and pay less when you are younger. “Buy term and invest difference” which is a strong concept in the financial world should be taken into serious consideration by youngsters to secure their future selves.
Disclaimer:
The aforesaid article presents the view or an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ before making any decision..
PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
IRDAI Registration Number 117. CI No: U66010KA2001PLC028883. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969.. Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203
EC298 LD/2019-20/309
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• IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 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.
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