PNB MetLife endowment plan

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PNB MetLife Endowment Plan is a traditional participating whole life insurance plan that offers financial protection in case of death as well as the benefit of bonuses declared by the Company. This plan also provides for a lump sum payment at the end of the policy term in case the policyholder survives the policy term. The policyholder can avail of an additional rider known as the MetLife Whole Life Critical Illness rider with this plan, which provides for a lump sum benefit in case the policyholder is diagnosed with any of the 18 critical illnesses covered under the rider. The rider benefit is payable over and above the death benefit and is available from the policy term of 10 years and onwards.

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PNB MetLife Endowment Plan is a non-unit linked life insurance policy offered by MetLife India Insurance Company Limited, which is a joint venture between MetLife International Holdings Inc. and Punjab National Bank (PNB). This policy provides customers with coverage for a selected period of time, and the premium for this policy is based on the length of the policy and the coverage amount selected. The policy also provides customers with tax benefits on their premiums, and pays out a lump sum at the end of the policy period. The policy also provides customers with additional features such as Maturity Benefit and Death Benefit, which provide customers with financial protection in the event of the policy. The death benefit provided is a lump sum payment of the Sum Assured plus Bonus, if any. Customers can also choose different riders associated with the policy such as Accidental Death Benefit Rider and/or Disability Benefit Rider. With the Endowment plan, customers are assured of secured financial future for themselves and their loved ones.