Excelsior Correspondent
JAMMU, Mar 26: PNB MetLife India Insurance Company, one of India’s leading private life insurers, has launched PNB MetLife Whole Life Wealth Plan which offers a solution that enables you to protect your family for whole of life and also safeguard your goals through the optional ‘Care Benefit’.
A sound financial protection plan is the key to realize your life goals and help shape your family’s future the way you want to. PNB MetLife Whole Life Wealth Plan is a whole life protection and savings oriented unit linked insurance plan which offers life insurance cover to protect your family in case of your unfortunate demise and provides you with tailor-made solutions to achieve your life goals, including an option where wealth creation doesn’t take a back seat even during a critical illness.
This plan offers whole life cover with options of limited premium payment term of 8 years to 25 years. The plan rewards the consumer with fund boosters at the end of the 10th and the 15th year for staying invested under the policy.
While ULIPs are primarily viewed as an investment tool, PNB MetLife’s Whole Life Wealth Plan has seamlessly integrated health protection through the ‘Wealth + Care option’ under this product. The policy provides life cover for whole of life and additionally provides the unique benefit of waiver of future premiums on diagnosis of any one of the covered critical illness.
At the launch of the new ULIP, Khalid Ahmad, Head, Product Management said, “At PNB MetLife we believe in enabling our consumers with the power to customize their investments while ensuring that their life goals stay protected. This product offers dual benefits of whole life cover and investment. Additonally there is an option where the company will waive off all future premiums incase the customer is diagnosed with any of the covered critical illnesses under this plan. There are 11 funds with 5 new funds and 2 new investment strategies providing a broad spectrum of investment opportunities to the consumer for investments as per his/her risk appetite”.
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