PNB MetLife Family Income Protector Plus Plan, Policy, Premium and Maturity Calculator - Having a product that takes care of your investment and tax savings needs while also providing comprehensive life insurance cover so that your family is never in a financial crunch is the need of the hour. MetLife’s Family Income Protector Plus plan is designed to fill this exact need. Read on to find out how you could benefit from taking this plan.
EntryAge |
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MaturityAge | Maximum – 75 years. |
SumAssured |
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Type | Non-participating, non-linked term assurance plan. |
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Coverage | Death Benefit – In the unfortunate event of demise of policyholder, a death benefit will be provided to his/her nominee.
10 times the annualized premium, or 105% of all the premiums paid as on the date of death, or Pay Sum Assured, or Maturity Sum Assured – as required by the regulation. Maturity Benefit – On completing the policy term, you will be entitled to the following:
Surrender Benefits – In the case of pure term cover, no surrender benefit is applicable.
Guaranteed Surrender Value, or Special Surrender Value.
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Basis | Single |
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Policy term | 10 years. 15 years. 20 years. |
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Premium paying Term | Yearly. Half-yearly. Monthly. PSP modes. |
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Loans | Loan facility is not available under this plan. |
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Tax benefits | Tax benefits are applicable as per applicable taxation laws. |
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Reinstatement | When the premiums are not paid within the grace period, the policy will lapse and is subject to non-forfeiture provisions. Reinstatement can be requested up to 2 years from the date of the first non-paid premium. All premiums due till the date of reinstatement must be paid along with compound interest at the rate of 9% per annum. This reinstatement is subject to a revival fee of Rs.200. |
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Termination | The policy stands terminated on the earliest among the following scenarios:
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Exclusion |
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