In my absence my family will get
Pay premiums for a few years and stay covered for the entire policy duration
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In case of death anytime before age of years, your nominee will get a sum of Rs
Death due to any cause (e.g. natural, accidental, murder, illnesses, calamities, Covid-19)
Suicide during first year of the policy
All Premiums paid upto 1.5 Lac a year are exempted from tax under section 80C
In case of your death the life cover paid to your nominee is completely tax free under section 10(10D)
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India. The company serves customers by providing a range of Protection, Savings, Retirement & health insurance products.
This benefit comes in handy by giving you additional cover as high as twice the life cover at a very nominal price when death happens due to an accident
Additional payout on death due to an accident
Base life cover also gets paid out
It means the insured person is either unable to work or is physically impared (loss of both limbs, loss of sight of both eyes etc.) The disabilities continue without interruption for a six months period & must be deemed permanent via medical practitioner
Immediate Payout on diagnosis of critical illness
Life Cover Continues
Today, several families have both (husband and wife) as earning members. The absence of either can have an impact on the financial situation of the family
On the other hand, even if one of the spouse is not working, he or she has a financial value, and hence needs to be covered because in his or her absence, the surviving partner will have to spend toward engaging external help for managing the household
If you opt for this benefit, both the partners - husband and wife are covered in a single policy and pay a combined premium. If anytime during the policy duration, any of the life partner passes away, the surviving partner gets the life cover amount
Max life cover applicable for spouse is 50% of base life cover upto a maximum of 50 lacs
Under this Benefit, the Policyholder may opt to increase the sum assured with a specific focus to provide for the cost of education of one child of the Life Assured. Child Education Support benefit sum assured at inception is equal to estimated the outstanding total cost of education and reduces at every Policy Anniversary as per the Benefit Illustration. This additional sum assured is subject to a minimum of Rs 10 lakh and a maximum of Rs 1 cr
This option can be chosen only if the nominated child has 5 to 19 years of education left for completion of graduate degree
Basic Sum Assured should be equal to or greater than 50 Lakhs
This is explained as (Number of Claims Settled / Number of Claims) by the Insurance Company.
Up to single private room permissible for hospitalization in this plan
Your coverage for Covid-19 starts sooner with lesser waiting period
Coverage for Covid-19 starts after a waiting period of just 15 days. Consumables like PPE kits, Gloves, Masks etc are covered upto Sum Insured
Treatment at home for Covid is covered on Positive diagnosis of Covid in a Government-authorized diagnostic Centre; Maximum up to 14 days per incident
Home Care Treatment means treatment availed by the Insured Person at home for COVID on a positive diagnosis of COVID in a Government-authorized diagnostic Centre, which in normal course would require care and treatment at a hospital but is actually taken at home provided that:
Any co-morbid conditions including pre-existing co-morbid conditions will be covered along with COVID-19 up to Sum Insured
The shorter waiting period, the better as the cost of your current illness can be expensive
A lower cap is better as room rent eats into the claim amount which should be spent on treatment cost.
Full claim paid by Insurer
Medical expenses that are incurred in 30 days post hospitalisation are covered
There are usually expenses on medicines and treatments even after hospitalization. This benefit helps to cover the same.
Upto SumInsured for utilizing ayurveda, unani or other alternate medicine methods
This benefit covers you for alternative treatment options which are becoming more and more popular.
3474+ Network hospitals
The higher the number of network hospitals the better as you can avail cashless treatment at more places.
Upto 2 Adult and 4 Children
Every member gets the benefit of the policy , hence, allows safeguarding the health of your loved ones
Covered upto Rs 2000 per hospitalisation
Not Covered
Since the medical expenses are rising every year, this benefit ensures you have sufficient funds for any medical emergency.
Lets understand this better through an example, If you buy a Policy of 10 Lacs Sum insured for you and your spouse, and you need to claim the entire 10 Lacs within a policy year for yourself, you will get additional 10 Lacs coverage:
No health checkup is covered
Health checks ensure you are treated before your medical condition gets serious.
This plan doesn't provide coverage for maternity & related claims
Higher the maternity cover and a shorter waiting period is better. This allows you to avail the best hospitals and doctors for your new born.
No cover for optical and dental treatments
Allows you to get regular eye and dental checks which are indicators of your health.
The number of day care treatments are increasing every day and it is important that your insurance covers the same.
No coverage provided outside India even under emergency
No cover for emergency evacuation services
No complimentary access to doctors in company network through a call
It is a value-added service and you get a convenient second opinion.
This plan doesn't provide any complimentary access to a Health Assessment Report
This helps identify the specific needs of a person and how those needs can be addressed by the healthcare system
No wellness factors are included
Please do not include Rental property income/income received from interest from bank deposits/dividends/any other investments.