Everything You Need To Know About PNB Metlife Mera Term Plan

PNB MetLife Mera Term plan is a pure risk plan, this plan provides life cover to the life assured and provides financial protection to the family of the life assured in case of an untimely demise of the life assured anytime during the policy tenure. This plan provides whole life cover i.e. life coverage upto 99 years of age. PNB MetLife Mera Term plan is an affordable plan that lets you avail life cover at a nominal premium rate. This plan provides financial support to your family in difficult times, allowing your family to fulfil their financial requirements and achieve their goals.

Key Features of PNB MetLife Mera Term Plan

Following are some of the key features of PNB MetLife Mera Term Plan:

• Offers coverage upto 99 years of age
• Comprehensive coverage at nominal price
• Availability of Joint Life Cover
• Multiple payout options
• Flexibility to choose from 4 different rider options
• Customise the plan according to your requirements
• Availability of life stage protection for changing protection need at different stages of life

Benefits of Purchasing PNB MetLife Mera Term Plan

Below mentioned are the benefits of purchasing PNB MetLife Mera Term plan:

1. Life Coverage upto 99 Years of Age: PNB MetLife Mera Term plan provides comprehensive coverage for upto 99 years of age at an affordable price. This plan provides whole life coverage and ensures that your family has financial protection to overcome their financial requirements and achieve their goals. 
2. Joint Life Cover: PNB MetLife Mera Term plan offers a joint life cover option under which you can choose to include your spouse under the same term insurance. In case of your unfortunate demise during the policy term, the future payable premiums for life cover of spouse will get waived off. This unique option of PNB MetLife Mera Term plan lets you ensure that your partner is financially secured in your absence.
3. Multiple Payout Option: Under PNB MetLife Mera Term plan, you get the flexibility to choose from 4 different payout options. Different payout options under this plan are Lump Sum, Lump Sum plus monthly income for 10 years, Lump Sum plus increasing monthly income for 10 years and Lump Sum plus monthly income till your child completes 21 years of age. You can choose from any of these options according to your requirements.
4. Availability of 4 Different Riders: Under this plan you can choose to add riders to enhance the power of your base policy. You get the flexibility to choose from 4 different rider options available under this plan which are Critical Illness Benefit, Accidental Death Benefit, Accidental Disability Benefit and Serious Illness Cover. 

Eligibility Criteria for PNB MetLife Mera Term Plan

Following is the eligibility criteria for PNB MetLife Mera Term plan:

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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.