PNB MetLife - POS Suraksha

Simple to understand:All your benefits are guaranteed and explained upfront

• Protection:Get life cover for the entire policy term
• Easy Enrolment:Hassle free enrolment with no medicals
• Guaranteed Payout:100% of Total premiums paid at the end of the policy term
• Flexibility:
  - Select premium paying term of 5 years with a 10 year policy term or select 10 years premium paying term with policy terms 10 / 15 years or 15 years premium paying term with policy term of 15 years
  - Opt for either lump sum or regular monthly income as death benefit
• Tax benefits:You may be eligible for tax benefits on premiums paid and benefits received, as per prevailing tax laws

• Protection for your family
• Return of Premiums on survival till maturity
• Flexibility to pay premiums for 5, 10 and 15 years
• Easy enrolment process

In the event of the unfortunate death of the Life Assured during the policy term, Sum Assured on Death will be payable. Where Sum Assured on Death is the highest of:

• 10 times of the Annualized Premium
• Basic Sum Assured, which is the absolute amount assured to be paid on death 
• 105% of the total Instalment Premiums received as on the date of the Life Assured’s death

Death Benefit Option:

• On death of Life Assured, the Company shall pay Death Benefit to the Nominee as Lump sum or level monthly instalments based on the option chosen by the Life Assured at the time of inception of policy.

Lump Sum Option:

• If the Lump sum Option is in force, the Sum Assured on Death shall be paid in one lump sum.

Level Monthly Income Option:

• If level monthly income option is chosen by the Life Assured, the death benefit will be paid as level monthly income over 120 months, where monthly income factor is 1.10%. The first payment is made at the end of one month from the date of death of Life Assured.

For example:

• Where Sum Assured on Death is Rs. 3,00,000, the Level Monthly income amount payable will be calculated as 1.10% * 3,00,000 = Rs.3,300 (Total income paid over 120 months to the nominee will be Rs.3,96,000)
• The policy will terminate with the payment of death claim amount.

On survival of the Life Assured till the Maturity Date, the Sum Assured on Maturity which is equal to 100% of the Total Premiums Paid¹ will be paid. The policy will terminate on payment of the Maturity Benefit amount.

¹Total Premiums Paid means the total of all the Instalment Premiums received under the base product, excluding any extra premium, and taxes, if collected explicitly.

* All references to age are as on age last birthday 
^ The Premium for Premium Payment modes (other than Annual) are calculated by multiplying the Annualised Premium by the applicable Modal Factors

You can purchase this plan offline through any of the following methods:

• Send me an Advisor
• Visit the Nearest Branch
• Contact us