PNB MetLife Grameen Ashray Plan, Policy, Premium and Maturity Calculator

Death Benefit – In the unfortunate event that the life insured dies during the coverage term, his / her nominees will be entitled to be paid the chosen Sum Assured.

• 30% of the Single Premium paid if the policy is surrendered in 3 years from commencement of coverage.
• 20% of the Single Premium paid if the policy is surrendered in 4 years from commencement of coverage.
• 10% of the Single Premium paid if the policy is surrendered in 5 years from commencement of coverage.

Single.

• Single Premium
• Regular Premium through the medium of cash / demand draft (DD) / cheque.

• Single Premium.
• Annual Premium.

Loans are not provided against this policy.

Tax benefits are applicable as per applicable taxation laws.

There is a grace period of 90 days on non-payment of the unpaid premium.

There is a free look period of 15 days from the date of receipt of policy documents.

When the premiums are not paid within the grace period, the policy will lapse and is subject to non-forfeiture provisions.

The policy stands terminated on the earliest among the following scenarios:

• Date on which the policy is surrendered.
• Upon the expiry of three years from the date of policy lapse. When the policy is not reinstated, provided that the policy has not acquired any paid up value.
• Upon payment of death benefit.
• Upon settlement of Surrender Value (in case of Single Premium Policies).

• In the event that the policyholder commits suicide within one year from the commencement of insurance coverage, the insurance cover will be void and the company will not be liable to pay any benefits (including but not limited to the Sum Assured) except refunding the premiums received without any interest.

PNB MetLife Rural Life Insurance Plans and Policy