PNB MetLife Aajeevan Suraksha Plan
Introduction to PNB MetLife Aajeevan Suraksha Plan
PNB MetLife Aajeevan Suraksha Plan is a term insurance plan offered by PNB MetLife Insurance Company, formerly known as MetLife India Insurance Company Limited. A term insurance policy is one of the most essential products for your financial portfolio if you have dependents who rely on your income for their expenses. With this plan, your family will be paid a sum of money as a death benefit, in case you pass away during the policy term. This money can provide the financial cushion they need to continue with their present lifestyle as well as achieve their big dreams in life, without being held back because of money.
This product is reasonably priced compared to other products in the market. It includes comprehensive critical illness coverage and offers multiple choices for tailoring how your family receives the claim amount. However, it doesn't provide the increasing cover option or allows many options to speed up your premium payments with limited pay. Moreover, our research indicates that the insurer has received a higher number of claim settlement complaints as well as policy purchase complaints, suggesting a poor track record in terms of both purchase and claims service experience.
Pros & Cons: PNB MetLife Aajeevan Suraksha Plan
Fairly priced in comparison to other products in the market- Several options to customize claim payout
- Critical illness rider available, and the payout is in addition to the life cover amount
Not many Limited Pay options available, to speed up payments- Doesn't offer the option to automatically increase your claim amount, with time
- No option to exit the plan while it is still active and receive a refund of premiums
- Received higher number of complaints on claim settlement compared to other insurers
- Received higher number of complaints during policy purchase compared to other insurers
About PNB MetLife India Insurance Co. Ltd.
PNB MetLife, formerly known as MetLife India Insurance Company Limited is a Life Insurance company in India. It was founded in 2001 and is a joint venture between Punjab National Bank (PNB) and MetLife International Holdings LLC (MIHL). The company is headquartered in Mumbai and its MD & CEO is Mr. Ashish Kumar Srivastava.
Detailed Product Specs & Rating: PNB MetLife Aajeevan Suraksha Plan
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