PNB Metlife has launched a new Term Insurance Plan which ensures a guaranteed monthly income to the family of insured after his/her death.
A Term Insurance plan has been launched today by private sector PNB Metlife India Insurance. This plan ensures a guaranteed monthly income to the family of the policyholder upon his/her death for up to 20 years.
The insurer said in a statement that the Met Family Income Protector Plus plan gives an option to choose between a monthly income or lump sum payout in case of the death of the policyholder.
There is also an option of the return of premium at the end of the policy term. It ensures the customer that he/she gets coverage during the policy term and gets back 110 per cent of the paid premium.
The Managing Director of PNB MetLife, Tarun Chugh said that this plan protects the future of the customers with an income replacement plan which will give them the comfort that their loved ones will always be financially secure.