PNB Metlife launches flexible term plan

MUMBAI: PNB MetLife today launched new online term plan - MetLife Mera Term Plan-a flexible term plan, offering multiple options to financially protect one’s family.

The plan offers protection to policyholders including features like adding spouse in the life cover, increasing monthly income option growing @ 12% p.a., life stage benefit, child benefit option to cover one’s child’s education expenses till they turn 21. The company has tied up with Airtel Money, Paytm, Mobikwik along with regular, credit or debit card and net banking options to offer customer convenience with mobile wallets along with other regular online payment options.

"In today’s age where providing everything personalized has become a norm, insurance is also getting aligned to the same," said Tarun Chugh, MD & CEO, PNB MetLife. "Mera Term Plan (MMTP) scores over all the existing term products combining simplicity and flexibility to cater to different customer needs."

The company’s research highlighted that people are typically keen to get flexibility in their cover related to life stage and are concerned about their family’s financial future or their child’s education if something were to happen to them.