Aajeevan Suraksha Plan - Helps Pay Premiums & Protect your Life

Name: PNB MetLife Aajeevan Suraksha Plan
Brand: PNB MetLife
Rating: 4.7 (19234 reviews)

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Created to give you not only a secure future but also live happily in the present, PNB MetLife Aajeevan Suraksha Plan keeps you protected as long as you want (up to the age of 99) while also letting you choose your online premium payment based on your current requirements.

PNB MetLife Aajeevan Suraksha Plan in a nutshell

Choose to pay premiums as per your requirement
Choose to stay protected for Whole of life or Fixed term
Joint life cover
Return of premiums

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What you get

Choice of protection

You can choose to stay protected for Whole of life or Fixed term with coverage upto age 99 years or a coverage of 10 to 40 years¹

Choice of payment

You can choose to pay premiums as per your requirement for a limited term of 5 years to 15 year; pay just once and stay protected for the entire term; or pay throughout policy term by choosing Regular Pay

Choice of return on Premiums

You can opt ‘With Return of Premium³’ Option to get your premiums back on survival till maturity.

Customize your plan

With a choice of 4 Benefit Options, you can customise your plan with Lump Sum, Life Partner², Fixed Income and Increasing Income

Benefits of PNB MetLife Aajeevan Suraksha Plan

Death Benefit
Terminal Illness⁶ Benefit
Maturity Benefit
Payable with 4 benefit options

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 .

Frequently Asked Questions

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What is PNB MetLife Aajeevan Suraksha Plan?

PNB MetLife Aajeevan Suraksha is a comprehensive family protection plan that gives you the convenience to pay premiums for a shorter period while keeping you protected for life (up to age 99), or till the term of your choice. You can also choose to cover your spouse in the same plan and choose return of premiums on survival till the end of the policy term which makes it a truly flexible offering. So, opt for PNB MetLife Aajeevan Suraksha and say goodbye to all your worries for life!

What does the PNB MetLife Aajeevan Suraksha Plan offer?

Choose to pay premiums as per your requirement
- Pay for a limited term of 5 years to 15 years OR
- Pay just once and stay protected for the entire term
- Pay throughout policy term by choosing Regular Pay
Choose to stay protected for Whole of life or Fixed term:
- WholeLife Cover: Opt for a coverage up to age 99 years OR
- Fixed Term Cover: Opt for a coverage of 10 to 40 years¹
Customize your plan with a choice of 4 Benefit Options
- Lump Sum, Life Partner², Fixed Income, Increasing Income
Opt "With Return of Premium³" Option to get your premiums back on survival till maturity.
Special benefits for women

What are the key benefits of this plan?

Choose to pay premiums as per your requirement
Choose to stay protected for Whole of life or Fixed term
Joint life cover
Return of premiums

What are the Death Benefits of this plan?

Death or Terminal Illness Benefit shall be payable according to the benefit option chosen by policyholder at inception. Benefit option, once chosen, cannot be altered during the policy term.

Option 1 – Lump Sum
At inception, you have to choose the lump sum payable immediately on first occurrence of Death or diagnosis of Terminal Illness of the life assured during the policy term. This lump sum amount is equal to Sum Assured on Death. This benefit option can be availed with both ‘Fixed Term Cover’ and ‘Whole Life Cover’ options.
Option 2 – Life Partner
Both the Policyholder (the first life) and his/her spouse (the second life) are covered. Cover for second life would be available upon payment of additional premiums.

At inception, you have to choose the lump sum payable immediately on first occurrence of Death or diagnosis of Terminal Illness of the first life during the policy term. The cover to the Second life shall be less than or equal to 50% of the lump sum amount chosen for the first life, subject to a minimum of Rs.25 lakhs and a maximum of Rs. 1 Crore.

The lump sum amount payable in respect of each life is equal to Sum Assured on Death in respect of each life.

This benefit option can only be availed with Fixed Term Cover option.
Option 3 – Fixed Income
At inception, you have to choose the Monthly Income amount. On first occurrence of Death or diagnosis of Terminal Illness, Sum Assured on Death shall be payable. Sum Assured on Death is equal to lump sum amount (equal to 100 times of Monthly Income chosen at the time of inception) payable immediately plus fixed Monthly Income payable over 10 years (120 months) in instalments, where the first instalment of monthly income will be payable one month from date of death of the life assured. The policy terminates with the payment of the last instalment of Monthly Income.

This benefit option can be availed with both ‘Fixed Term Cover’ and ‘Whole Life Cover’ options.
Option 4 – Increasing Income
At inception, you have to choose the Monthly Income amount. On first occurrence of Death or diagnosis of Terminal Illness, Sum Assured on Death shall be payable. Sum Assured on Death is equal to lump sum amount (equal to 100 times of Monthly Income chosen at the time of inception) payable immediately plus increasing Monthly Income payable over 10 years (120 months) in instalments increasing at 10% simple per annum, where the first instalment of monthly income will be payable one month from date of death of the life assured. The policy terminates with the payment of the last instalment of Monthly Income.

This benefit option can be availed with both ‘Fixed Term Cover’ and ‘Whole Life Cover’ options.

Please refer Terms and Conditions of the product for more details on death benefit

What are the Maturity Benefits of this plan?

Maturity Benefit will be zero if ‘With Return of Premiums’ option is not chosen under the Policy.
Maturity benefit is payable only if ‘With Return of Premiums’ option is chosen.
If you choose the ‘With Return of Premiums’ option at inception of the policy, then on survival till maturity of the policy, you will receive maturity benefit which is equal to the Guaranteed sum assured on maturity. This option is available on payment of additional premiums. This option will be available only with Fixed Term Cover option.

Please refer Terms and Conditions of the product for more details on maturity benefit

What are the eligibility criteria for this plan?

Particulars

Minimum

Maximum

Entry Age⁷ (Years)

Maximum Maturity Age⁷ (Years)

Cover Option	Age
Fixed Term Cover	80
Whole Life Cover	99

Sum Assured (Rs.)

25,00,000

No limit, subject to Board approved underwriting policy

Premium (Rs.)

Regular Pay: 3,975
Other than Regular Pay: 5,000

Based on the Basic Sum Assured, Entry Age, Policy Term, Premium payment term, Smoker Status, Benefit Option, Cover Option and Return of Premium Option chosen

Premium payment term (PPT) (Years)

Single pay: Single premium payment at inception of the Policy
Limited pay: 5 to 15
Regular pay (Regular Pay is only available with Fixed Term Option)

Policy term (PT) (Years)

Single pay, Regular pay : 10
Limited pay : Premium payment term + 5

For both Single pay & Limited pay options

Cover Option	Policy term
Fixed Term Cover	Without Return of Premiums: 40 With Return of Premiums³: 30
Whole Life Cover	Without Return of Premiums: 99 minus age at entry

Riders⁸

PNB MetLife Accidental Death Benefit Rider Plus (117B020V04)
PNB MetLife Serious Illness Rider (117B021V04)

³ 'With Return of Premiums' option will be available on payment of additional premium and this option will be available only with 'Fixed Term Cover' option
⁷All references to age are as on age last birthday
⁸Rider Sum Assured shall be subject to Sum Assured of base policy. Premium for all health riders put together shall be subject to a ceiling of 100% of the base premium. Premium for all non-health riders put together shall be subject to a ceiling of 30% of the base premium. Riders will only be available with Single Pay, Regular Pay and Limited Pay with Premium Payment Terms of 5 years, 7 years, 10 years, 12 years and 15 years. Riders will not be offered if the outstanding term under the base policy is less than 5 years. Rider can be attached only at the inception of the policy

How can I buy PNB MetLife Aajeevan Suraksha Plan?

Disclaimer:

¹Maximum policy term allowed for 'With Return of Premiums' option will be 30 years.

²Cover for spouse under 'Life Partner Option' will be available on payment of additional premium and this option will be available only with 'Fixed Term Cover' option

³'With Return of Premiums' option will be available on payment of additional premium and this option will be available only with 'Fixed Term Cover' option
^*Tax benefits are as per the Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
^{^}Rs.61 is calculated basis Annualized Premium: Rs.22,100 divided by 365 days, premiums are exclusive of GST and are to be paid as applicable in policy terms and conditions.
⁴Subject to maximum maturity age of 80 years. Annualized Premium Rs. 22,100 | Customer Age: 40 years | Life Cover of Rs.1cr | Policy Term: 30 years | Regular Premiums | Cover Option : Fixed Term Cover, Benefit Option - Lumpsum, Without the Return of Premium | Healthy Non-Smoker Male
⁵Benefits Options are: a. Lumpsum, b. Life Partner, c. Fixed Income, d. Increasing Income.
⁶An advanced or rapidly progressing incurable disease where, in the opinion of two independent Medical Practitioners’ specializing in treatment of such illness, life expectancy is no greater than twelve months from the date of notification of claim to Us.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding any sale. PNB MetLife Aajeevan Suraksha Plan, Individual, Non-linked, Non-participating, pure risk premium, life insurance plan | UIN: 117N122V05