• This new offering is an individual non-linked, non-participating, pure term insurance plan, offered through a fully digital platform in partnership with PolicyBazaar.

• What? Launch of DigiProtect Term Insurance Plan
• Launched by: PNB MetLife India Insurance Company Limited
• Name of New Insurance Plan: PNB MetLife DigiProtect Term Plan (UIN-117N141V01)
• Designed for: India’s salaried individuals
• Co-Partner: PolicyBazaar
• Key Benefits: premium break options for consecutive 12 months; maximum 21% discount for 1st-year

Key Features:
Comprehensive Life Cover: This insurance plan offers protection for life which includes accelerated benefits in case of terminal illness.
Exit Benefit: Policyholders can exit the DigiProtect Term Plan before maturity and receive a full refund of all premiums paid at no extra cost.
Pause Option: Policyholders can pause premium payments for 12 months after completing 3 years of the policy, available once every 5 years.
Claim Payout: The plan offers an accelerated benefit of Rs.3 lakh, payable within one working day of claim registration after a 3-year waiting period, subject to required documentation.
Payout Options: At the claim stage, nominees will have the option to receive death benefit amount as lump sum, monthly instalments or a combination of lump sum and monthly instalments.
Discount: It offers up to 21% discount on the 1st premium for the 1st year of plan.