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Private insurer PNB MetLife India Insurance on Thursday announced its foray into health segment with the launch of MetLife Major Illness Premium Back Cover.
The plan returns all the premiums paid in case there is no claim from the policy holder during the policy term and upon survival, PNB MetLife stated. The plan also provides the policy holder with a lump sum amount on diagnoses of any critical illness covered by the policy, so that the family has adequate funds to meet the unplanned medical expenses, it added.
"MetLife Major Illness Premium Back Cover is the only product in the market which returns all the premiums paid at the end of the policy term in case of no claim and provides cover against 35 critical illnesses,” PNB MetLife Managing Director and CEO Tarun Chugh said.
