SRINAGAR: MetLife, one of the leading private life insurers, on Wednesday launched a reinstatement drive targeting customers of lapsed policies.
The company, in a release issued here, said the initiative will enable the customers to avail waiver on reinstatement charges, including interest.
Select customers would also have the benefit of reduced or zero medical or health requirements to reinstate the policy and enjoy the benefits, it said, adding that it will also ensure that the policy becomes eligible for bonuses, if applicable.
Speaking on the occasion, Shiva Kumar N, Deputy Director Operations, PNB MetLife said, “The total protection level of the citizens of India is only about 60% of the GDP, while it is 99% and 178% in China and Malaysia, respectively. Hence it is critical for Indians to insure themselves against any eventuality so that their families are financially secure. Through our re-instatement drive we hope to help customers re-instate their lapsed policy and continue to enjoy the benefits over the policy term.”
The company said the customers, to reinstate their lapsed policies, can call on toll free number or visit its website.