Everything You Need To Know About PNB MetLife Super Saver Plan

PNB MetLife Super Saver plan is a child education solution offered by the insurance company. This plan is a non-linked, participating insurance plan that helps you grow a corpus and provides long term financial security to the life assured and his/her family. PNB MetLife Super Saver plan also provides waiver of premium benefit in case the life assured passes away during the policy, or is diagnosed with a critical illness. This plan provides maturity benefits and allows wealth appreciation. PNB MetLife Super Save plan has three plan options namely Savings, Savings + Family Care and Savings + Health Care option that one can choose from according to their requirements and budget. 

Features of PNB MetLife Super Saver Plan

Below enlisted are some salient features of PNB MetLife Super Save plan:

• Three plan variants namely Savings, Savings + Family Care and Savings + Health Care
• Provides financial security in case of an untimely demise of the life assured during the financial year
• Provides maturity benefit 
• Provides waiver or premium of benefit at the time an unforeseen event takes place
• Offers wealth appreciation through two bonus options namely Accumulation and Liquidity options
• Flexibility to choose from different premium payment modes

Also read - When is the right time to purchase a child life insurance plans?

Benefits of PNB MetLife Super Saver Plan

Below mentioned are some benefits that you avail under PNB MetLife Super Saver plan:

1. Multiple Plan Options

PNB MetLife Super Saver plan has three plan options namely Savings, Savings + Family Care and Savings + Health Care. Under the Savings option of this plan a sum assured shall be provided in case of an unfortunate demise of the life assured during the policy term or as a maturity benefit at the end of the policy term. In addition to the Savings options, under Savings + Family  care option all future payable premium/remaining premium shall not not be payable after the demise of the life assured. Under the Savings + Health Care option, in case the life assured is diagnosed with any listed critical illness, all future payable premium shall be waived off. 

2. Financial Security

This plan provides financial protection to the life assured and family of the life assured in case of an unforeseen demise of the life assured during the policy term. A death benefit is provided to the family of the life assured in case of an unforeseen demise of life assured. Under the Savings + Health Care option of this plan, waiver of premium benefit is provided to life assured on diagnosis of any critical illness. With the help of PNB MetLife Super Saver plan you can ensure financial security of your family for a long term even when you are not around. 

3. Maturity Benefit

PNB MetLife Super Saver plan provides maturity benefit in case the life assured has survived the entire policy term. The life assured can use the maturity benefit to fulfil his/her financial goals. The maturity benefit under all pan options shall be provided as follows:

• Sum Assured
• Simple Reversionary Bonus (If any)
• Terminal Bonus (If any)

You may also like to read - How to Fund your Child's Higher Education Abroad?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.