PNB MetLife Loan and Life Suraksha PlusPlan, Policy, Premium and Maturity Calculator
PNB MetLife Loan and Life Suraksha PlusPlan, Policy, Premium and Maturity Calculator - Met Loan and Life Suraksha plan is a unique insurance plan that is best suited for companies that deal in credit. This insurance plan is a great financial tool for companies that want to retain customers and offer the incentive for obtaining credit and sticking with the company. This plan has been designed to offer insurance protection to groups where credit exists. This PNB Metlife insurance plan is aimed at offering a distinct edge to companies which want to differentiate themselves on the basis of services offered. The Met Loan & Life Surkasha plan offers a competitive edge to a company’s product portfolio, enhances customer loyalty of existing customers, reduces risk of default in case of customer’s sudden demise and offers the opportunity to maintain long-term customer relationships.
Eligibility - PNB MetLife Loan and Life Suraksha Plus and Policy
| Entry Age | Minimum Entry Age is 15 years
Maximum Entry Age is 65 years |
| Age at which cover ceases | 70 years |
Key Features - PNB MetLife Loan and Life Suraksha Plus and Policy
| Plan Type | Non-Participating, non-linked group insurance scheme |
| Plan Basis | Group |
| Policy Term | 2 years, 5 years, 10 years, 25 years and 30 years |
| Premium Paying Option | Single Pay, Limited Pay 5 years, limited pay 10 years |
| Grace Period | 30 days from the date of premium payment |
| Nomination | Available |
| Base Sum Assured | Ranges between Rs.5000 and Unlimited |
| Policy Coverage | Death Benefit and Maturity benefit |
| Premium Payment Modes | Single, Annual, Semi-annual, quarterly, and monthly, payroll savings program |
| Group Size | 50 members |
| Waiting Period during which insurance is not applicable | 30 days from the date of enrolling with the insurance scheme |
| Free-Look Period | 15 days from the date of receipt of insurance |
| Death Benefit |
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Benefits/Advantages - PNB MetLife Loan and Life Suraksha Plus and Policy
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Choice of coverage option.
Either Reducing Coverage Option or Level Coverage Option can be availed depending upon the type of loan availed by the customers. For mortgage, education and auto loans, the best coverage is Reducing Coverage while for a steady cover throughout policy, Level Coverage Option is good.
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Sum Assured can be increased
Higher the amount of loan availed, higher is the sum assured. If any customer chooses to top up his/her loan, then sum assured also increases proportionally.
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Option of joint life cover
For credit such as home loan, customers can choose to avail joint life cover so that both the insured people are eligible for protection.
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Surrender Benefit is applicable
Surrender benefit is applicable for insurance availed under the Met Loan & Life Suraksha plan . This benefit is equal to a pre-determined percentage of unexpired premiums.
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Enjoy a distinct competitive edge over your competitors
With the Met Loan & Life Suraksha Plan, companies can enjoy an enhanced customer relationship and loyalty.
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