You look after your family’s monthly expenses today. Ensure it for tomorrow as well.
Individual, Non Linked, Non Participating, Pure Risk Premium, Life Insurance Plan | UIN: 117N086V04
You look after your family’s monthly expenses today. Ensure it for tomorrow as well. A flexible term plan designed to ensure financial stability for your family in your absence, PNB MetLife Income Protector Plus has only 3 simple steps for enrolment so you can start living life freely without any worries about the future.
Choice of Tenure
With a plan as flexible as PNB MetLife Family Income Protector Plus, you can choose
Choice of monthly income
With PNB MetLife Family Income Protector Plus, you get
Returns on Premium
Receive up to 110% of your base premium paid back at the end of the policy term with this plan.
Tax Benefits
As per the prevailing tax laws, PNB MetLife Family Income Protector Plus gives you the advantage of availing Tax Benefits on both premiums paid and Benefits received.
What you don’t get
Suicide Exclusion
If the Life Assured’s death is due to suicide within 12 months from the date of commencement of risk or from the Date of Revival of the Policy, the Nominee or beneficiary of the Policyholder shall be entitled to at least 80% of the total Premium paid till the date of death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in In force status.
PNB MetLife Family Income Protector Plus is a term plan that gives you the flexibility to choose your premium and monthly income. These protection plans provide cover against death during the policy term. This income protection insurance plan gives you the option to get your premiums back at the end of the policy term.
* Subject to all premiums being received in full and when due
** Only when Return of Premium option is selected at the time of purchase
# Tax Benefits are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
In the event of death during the coverage term, your family will receive the monthly income amount selected by you.
The term assurance plan premiums will be returned to you upon maturity. Up to 110% premium amount will be returned when you opt for the TROP (Term Cover & Term with Return of Premium) plan at the time of purchase of the policy.
Particulars |
Boundary Conditions |
Min/Max Age at entry* |
25 years – 60 years (55 for Policy term 20 years) |
Max. age at maturity* |
75 years |
Monthly Income Options |
Rs.10,000/-, Rs.25,000/-, Rs.50,000/- Rs.75,000/- & Rs.100,000/- |
Plan options |
Term Cover & Term with Return of Premium Option(TROP) |
Premium paying options |
Yearly, Half-Yearly, Monthly & PSP modes |
Policy Term options |
10 years |
15 years |
20 years |
Benefit Payout Period |
240 months |
180 months |
120 months |
Min. Premium (Term) |
Rs. 3,055 |
Rs. 2,780 |
Rs. 2,520 |
Max. Premium (Term) |
Rs. 1,26,160 |
Rs. 1,33,590 |
Rs. 83,450 |
Min. Premium (TRoP) |
Rs. 24,137 |
Rs. 11,852 |
Rs. 7,881 |
Max. Premium (TRoP) |
Rs. 6,29,670 |
Rs. 3,67,170 |
Rs. 1,85,800 |
Min Sum Assured |
14.20 lakhs |
12.00 Lakhs |
9.10 Lakhs |
Max. Sum Assured |
1.42 Crs |
1.24 Crs |
0.95 Crs |
You can buy this plan offline through any of the following options:
Disclaimer:
AD-F/2021-22/716
Bonus declared for Participating Policies in FY’23-24
transactions completed on the khUshi chatbot.
Claim settlement ratio for retail business
Locations & strong branch network
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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