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Amex Membership policy from PNB MetLife

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10 Aug, 2021 by  Sujith

Being Amex customer I was reached out for a member only Exclusive policy by PNB MetLife. The only benefit I see is Amex claims 100% Settlement ratio and default Critical illness cover (But they dont have any list published and they claim it will be taken on case by case basis). The premium was pretty much same as per open market policy (I see a few hundred more than open market). Is there anyone who analyzed such policies?

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Term Life Insurance

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10 Aug, 2021
Rohit Dhingra

Avoid a product that is bundeled with credit card or is offered at a group level i.e. only for Amex Customers or SBI Customers or Ola Customers.

Prefer riding in your own car rather than to be in a bus. Term Insurance is Personal Finance keep it personal.

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10 Aug, 2021
sachin gupta
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10 Aug, 2021

Dear Sujith

Amex is only an alternate channel of sale for a standard product approved by IRDA.

Insurance company do not design channel specific product . There can not be differentiated bonus rates or claim ratio for channel sprcific product .

So it is clear that you are misguided .

Buy insurance from a reliable and dependable agent who has credentials in the community .

Hope this clarify .


shailesh

Insurance Samadhan

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