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PNB MetLife launches new term insurance plan

The Met Family Income Protector Plus plan allows one to choose between a lumpsum payout or monthly income in case of the death of the customer

May 30, 2014 9:57 IST | India Infoline News Service
PNB MetLife India Insurance on Thursday launched a term insurance plan designed to ensure a guaranteed monthly income for up to 20 years to the family of a customer upon his death.

The Met Family Income Protector Plus plan allows one to choose between a lumpsum payout or monthly income in case of the death of the customer, the insurer said in a statement.

The customer can also opt for the return of premium at the end of the policy term. This option ensures that the customer gets covered during the policy term and gets back 110 per cent of the premium paid, it said.

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