Group Non-Linked, Non-Participating, Pure Risk, Life Insurance Plan | UIN: 117N127V01
PNB MetLife Group Flexi Term Plus offers a choice of 5 coverage options. Refer to the below table for an overview:
|Plan Option||Death Benefit||Accidental Death Benefit||Accidental Total & Permanent Disability||Critical Illness Benefit||Terminal Illness Benefit|
|Extra Life Cover||✓||✓||X||X||X|
|Life and Health Cover||✓||X||X||✓||✓|
|Extra Life and Health Cover||✓||✓||X||✓||X|
Sum Assured is equal to one of the following:
The Benefits available to the group members are as per the plan chosen by the Master Policyholder The Plan Option needs to be chosen at the inception of the policy
Joint Life Cover may be taken at inception of the cover for a maximum of two lives only. Cover will be extended subject to existence of insurable interest between the two lives and subject to underwriting as per Board approved underwriting guidelines. Joint Life Cover has the following two variants:
Option A - The relationship between joint lives can be only that of spouse
Option B - Maximum of 2 lives can be covered jointly and the relationship between joint lives can only be that of spouse, parents or children.
Joint Life Cover should be taken at the inception of the cover for a maximum of 2 lives.
Option A- Available only for non-employer-employee groups & non-employer-employee homogenous groups
Option B- Available for all groups
Flexible payout options are offered as below:
Lumpsum - Benefit payable as lumpsum
Monthly Income - Benefit payable as level monthly income for 24-120 months (2-10 years)
Lumpsum Plus Monthly Income - 50 % of the benefit payable in lumpsum and the rest 24-120 months (2-10 years) in equal monthly installments
Benefit Payout Option needs to be chosen at the inception of the cover and cannot be changed later.
Kindly refer to the below table for the detailed eligibility criteria for this plan:
|Cover Ceasing Age1||
|Premium Payment Term||A choice of Premium Paying Term is available to the Master Policy Holder depending on the Nature of the Groups
|Premium Payment Mode||Single, Monthly, Quarterly, Half Yearly & Yearly|
1 All ages are as of last birthday
Please refer to Product Applicability Grid in Sales Brochure to check for the restrictions
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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 email@example.com or firstname.lastname@example.org. 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.