What are Traditional / Investment Plans?-pnb-metlife-investment-plans

The investment plans aim to fulfill the savings need of the individuals with a stress on long term saving perspective. The plans come in tow variants of Endowment and Money-Back, both of which aim to secure a saving corpus and provide life insurance coverage to individuals. Premiums are to be paid as per the feature of the plans and if the customer does not pay the required premiums, the plans become paid-up in nature. In such a scenario, the Sum Assured under the plan gets reduced and this value is paid either on maturity or death as the case may be. Moreover, the plans can also earn bonuses if they are offered as Participating plans which increase the benefits payable to the policyholder.