Is PNB MetLife good for term insurance?
Policy coverage is good and the premiums are less. Service provided is nice and on time. Claims are easy to get by executives help and the online renewals are the best. PNB metlife life insurance is my term insurance policy insurer.
| Plan Option | PPT | Bonus Rates declared |
|---|---|---|
| Super Saver Plan (Accumulation Option | 12 Pay | 3.90% |
| 15 Pay/RP | 4.15% | |
| Super Saver Plan (Liquidity Option) | 5 | 4.10% |
| 7 Pay | 4.20% |
- ICICI Pru iProtect Smart. 97.90% ...
- Max Life Smart Secure Plus Plan. 99.35% ...
- Tata AIA Life Insurance Sampoorna Raksha Supreme. 98.02% ...
- Aditya Birla Life Shield Plan. 98.04% ...
- PNB MetLife Mera Term Plan Plus. 98.17% ...
- SBI e-Shield Next. 93.09% ...
- Bajaj Allianz Smart Protect Goal. 98.48% ...
- Kotak e-Term Plan. 98.50%
With PNB MetLife Guaranteed Future Plan
Option 1: Endowment Option. Booster additions ranging from 30% to 406% of Annualised premium in addition to your regular income payout5 with Income + Boosters option. Pay as you like: Choose from various premium payment options from 5, 7 to 15 years or Single pay.
The biggest disadvantages of term life insurance are that you must pay premiums to keep the policy active and your coverage expires after a set period of time.
Term insurance is most appropriate for young and healthy families with significant, temporary financial needs that must be covered should the family's breadwinner pass away. However, anyone with a temporary financial need for life insurance protection can benefit from term life coverage.
MetLife is a reputable insurance company that has an A+ (Superior) rating from AM Best, one of the nation's leading insurance-rating organizations, as well as solid scores from S&P and Moody's. The good scores are a reflection of MetLife's financial strength and claims-paying ability.
MetLife scores highly on financial strength ratings, which reflects well on its ability to pay legitimate claims without issue. However, their ratings are usually average or below average for the quality of customer service.
MetLife carries an impressive Value Score of A. Value Score helps find stocks that are undervalued. Back-tested results show that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment bets.
Term life insurance pays a specific lump sum to your loved ones for a specified period of time – usually from one to 20 years. If you stop paying premiums, the insurance stops. Term policies pay benefits if you die during the period covered by the policy, but they do not build cash value.