PNB MetLife launches Whole Life ULIP with ‘Care Benefit’ feature

PNB MetLife launches Whole Life ULIP with ‘Care Benefit’ feature
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Whole Life Wealth Plan with options for critical illness benefits

SRINAGAR: 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 consumers to protect their family for whole of life and also safeguard their goals through the optional ‘Care Benefit’.
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 a consumer’s family in case of his/her unfortunate demise and provides with tailor-made solutions to achieve 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 – 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 (Unit Linked Insurance Plans) 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, Head – Product Management, Khalid Ahmad said, “At PNB MetLife we believe in enabling our consumers with the power to customise their investments while ensuring that their life goals stay protected. This product offers dual benefits of whole life cover and investment. Additionally, there is an option where the company will waive off all future premiums in case 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”.