What Is PNB MetLife Saral Jeevan Bima?
PNB MetLife Saral Jeevan Bima is an Individual, Non-linked, Non-par, Pure Risk Premium, Life Insurance Product. This is a standard term plan as per the guidelines of Insurance Regulatory and Development Authority of India (IRDAI).
Saral Jeevan Bima Yojana aims to simplify the approach of buying life insurance with similar offers and similar policy terms and conditions from all insurers.
PNB Metlife Saral Jeevan Bima plan provides life insurance protection to you and your family for a sum assured ranging from Rs 5 lakh to Rs 25 lakh. This plan also gives you the flexibility to pay all the premiums at one go for a limited period of 5 or 10 years or regularly for the entire policy term.
Features Of PNB MetLife Saral Jeevan Bima
Features of PNB Metlife Saral Jeevan Bima are as follows-
- PNB MetLife Saral Jeevan Bima provides protection to your family against any financial loss in your absence.
- In this plan you get the option to choose the policy term. In this, you get the option of getting life cover for a fixed term ranging from 5 years to 40 years.
- In Punjab National Bank MetLife Saral Jeevan Bima you get premium payment option option. In this, you get the option of paying for a limited period, one time or for the entire limit period.
- Under this plan you get tax benefits as per Indian tax laws.
PNB MetLife Saral Jeevan Bima Benefits
- Read Also Apply for Bank of Baroda ATM
PNB Metlife Saral Jeevan Bima Benefit is as follows-
- Death Benefit:
In PNB Metlife Saral Jeevan Bima, in case of accidental death of the life assured during the policy term, the following death benefits are provided to the nominee by the life assured-
(i) For Regular Premium or Limited Premium Payment Policy
10 times of annualized premium; or
105% of all the premiums paid as on the date of death; or
Absolute amount assured to be paid on death.
(ii) For Single Premium Policy
125% of Single Premium or
Absolute amount assured to be paid on death.
- Maturity Benefit:
PNB Metlife Saral Jeevan Bima being a term plan, there is no benefit if the life assured survives till the end of the policy term.
PNB MetLife Saral Jeevan Bima Eligibility
PNB Metlife Saral Jeevan Bima Eligibility is as follows-
| Age at Entry | Minimum- 18 years Maximum- 665 years |
| Age at Maturity | Minimum- 23 years Maximum- 70 years |
| Sum Assured (Rs.) | Minimum- 5,00,000 Maximum- 25,00,000 |
| Policy Term | Minimum- 5 years Maximum- 40 years |
PNB MetLife Saral Jeevan Bima Premium
PNB Metlife Saral Jeevan Bima Premium is as follows-
| Premium Paying Term (yrs) | Single pay, Limited pay (5 Pay, 10 Pay), Regular Pay. |
| Premium Payment Modes | Yearly / Half Yearly / Quarterly / Monthly |
How To Buy PNB MetLife Saral Jeevan Insurance?
You can buy PNB Metlife Saral Jeevan Bima anytime as per your convenience through both online and offline means.
To buy this plan through online medium, you have to visit the official website of PNB MetLife. By visiting the official website, you can easily buy this insurance plan by following a few steps.
To buy this plan through offline, you have to go to the nearest branch of PNB or you can also buy this insurance plan sitting at home through insurance agents.