PNB Metlife Insurance

  • Avail Joint-life coverage
  • Multiple pay out options
  • Waiver of premium option
PNB Metlife Life Insurance
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About PNB Metlife Insurance

PNB Metlife Insurance commenced its operations in 2001. PNB MetLife follows a philosophy called 'Circle of Life' for products and solutions and caters to the financial requirements of customers covering their 4 different stages of life- Child Education, Family Protection, Long Term Saving, and Retirement.

PNB Metlife came into existence in 2001 and continues to be profitable. A joint venture between MetLife International Holdings LLC (MIHL), Jammu and Kashmir Bank Limited (JKB), Punjab National Bank Limited (PNB), M. Pallonji and Company Private Limited, and other private financial backers, MIHL and PNB being the majority shareholders. PNB Metlife Insurance has a robust operating network through multi-channel distribution with bancassurance, agency, and direct channels; PNB MetLife is present in 117 locations across the country with access to over 206 million customers in 15,000 locations through its strong bank partnerships with PNB, JKB, KBL, and other bank partners.

PNB Metlife blends credibility with innovative insurance solutions for policyholders. When it comes to your family's bright future, only the right partnership can ensure their security, financial independence, and living standard isn't affected in your absence.

Achievements of PNB Metlife Insurance Company

PNB Met Life Insurance has won multiple awards and accolades since its commencement. Read below to know more about the achievements gained over the years.

  • Top 3 Best Term Insurance Plan award won by PNB Metlife Mera Term Plan Plus and PNB Metlife Jeevan Suraksha Plan.
  • PNB Metlife Century Plan won India's Greatest Insurance Plan Award.
  • PNB Metlife was awarded the Best Compliance Team 2021 Award at Compliance. 10/10 symposium and awards 2021.
  • Best Performance-Driven Digital Campaign at the 3rd DigiMarcom Leadership Awards 2021.
  • Silver Award at the 6th Exchange4media Maddies Awards 2020.
  • 2 Golds and 1 Silver at DIGIES, Digital Awards 2020 in recognition for Best Email Marketing Campaign, Best Performance Marketing, and Best Use of Data Analytics.
  • Honored as the Best Brand 2020 in the life insurance category by The Economic Times for the 2nd time in a row.
  • Gold Award in recognition for its data-driven marketing at the 9th Global Customer Engagement Awards 2020.
  • khushi app won at the 8th Global Customer Engagement Forum under Best Use of Technology and Best Usage of AI in the life insurance category in 2019.
  • Won the Risk Team of the Year award at the ERM World Summit and Awards 2019.

Key Features of PNB MetLife Insurance?

With millions of happy customers, PNB Metlife ensures that all personal financial goals are accomplished using its innovative insurance solutions. To get more insight into the company's performance, take a look at the below key features that will help you to analyze the company based on its performance:

  • Solvency Ratio
    PNB MetLife Insurance has a Solvency Ratio of 1.9 as per the IRDAI annual report 2021-22. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.
  • Claim Settlement
    Claim settlement of an insurer is a metric that helps you analyze its claims settling ability. As per the IRDAI annual report of 2021-22, the claim support of PNB MetLife Insurance is 97.33%
  • Annual Premium
    As per the annual report of IRDAI 2021-22, The Annual premium of PNB MetLife Insurance is Rs. 7,348.26 Cr.
  • PAN India Presence
    With an impact on over 2 crore lives in PAN India, PNB MetLife Insurance company ensures that the policyholder can directly visit their nearest branch office for any of their policy-related or claim-related queries.
PNB MetLife Life Insurance Key Features

PNB MetLife Insurance Plans

To cater to the dynamic insurance needs of an individual and their family, PNB MetLife Insurance launched multiple innovative insurance solutions. PNB MetLife Insurance Company comes with a range of plans that allow the customers to choose their ideal plan as per their and their family's requirements. The company ensures to offer a plan for everyone.

  1. PNB MetLife Online Plans

    Plan Entry Age Tenure Minimum Sum Assured
    PNB MetLife Mera Term Plan Plus Minimum Age:- 18 years
    Maximum Age:- 60 years
    10 to 40 years Rs. 10,00,000
    PNB MetLife Dental Care Plan Minimum Age:- 18 years
    Maximum Age:- 65 years
    6 Months Rs. 50,000
    PNB MetLife Smart Platinum Plus Wealth:- Minimum Age:- 30 Days Maximum Age:- 70 years
    Wealth+ Care:- Minimum Age:- 18 years Maximum Age:- 65 years
    80 - the age at entry Rs. 1,87,500
    PNB MetLife Super Saver Plan Minimum Age:- 30 Days
    Maximum Age:- 18 years
    10 to 20 Years Rs. 50,000
    PNB MetLife Guaranteed Future Plan Minimum Age:- 30 days
    Maximum Age:- 60 years
    15 to 30 Years 10 x Annualised premium
  2. Buy Now Life Insurance

    Buy Now Life Insurance

  3. PNB MetLife Term Insurance Plans

    Plan Entry Age Tenure Minimum Sum Assured
    PNB MetLife Saral Jeevan Bima Minimum Age:- 18 years
    Maximum Age:- 65 years
    5 to 40 Years Rs. 5,00,000
    PNB MetLife Mera Mediclaim Plan Minimum Age:- 18 years
    Maximum Age:- 65 years
    10 to 40 Years Rs. 25,00,000
    PNB MetLife POS- Suraksha Minimum Age:- 18 years
    Maximum Age:- 55 years
    10/15 Years Rs. 50,000
    PNB MetLife- Ajeevan Suraksha Plan Minimum Age:- 18 years
    Maximum Age:- 65 years
    10 Years Rs. 25,00,000
    PNB MetLife Mera Jeevan Suraksha Plan Minimum Age:- 18 years
    Maximum Age:- 65 years
    10 to 40 Years Rs. 25,00,000
    PNB MetLife Family Income Protector Plus Minimum Age:- 25 years
    Maximum Age:- 60 years
    10/15/20 Years Rs. 9,10,000
    PNB MetLife Income Protection Plan Minimum Age:- 18 years
    Maximum Age:- 55 years
    15/20 Years Based on minimum Premium

    Know More About: PNB MetLife Term Insurance Plans

  4. PNB MetLife Savings & Child Education Solutions

    Plan Entry Age Tenure Minimum Sum Assured
    PNB MetLife Guaranteed Future Plan Minimum Age:- 30 days
    Maximum Age:- 60 years
    15 to 30 Years 10 x Annualised premium
    PNB MetLife Guaranteed Goal Plan Minimum Age:- 30 days
    Maximum Age:- 65 years
    5 to 30 Years Rs. 62,500
    PNB MetLife Century Plan Wealth:- Minimum Age:- 30 Days Maximum Age:- 70 years
    Wealth+ Care: - Minimum Age:- 18 years Maximum Age:- 65 years
    80 - the age at entry Rs. 1,87,500
    PNB MetLife Mera Wealth Plan Minimum Age:- 30 Days
    Maximum Age:- 60 years
    10 to 30 Years 1.25
    PNB MetLife Super Saver Plan Minimum Age:- 30 Days
    Maximum Age:- 18 years
    10 to 20 Years Rs. 50,000
    PNB MetLife Bachat Yojna Minimum Age:- 20 years
    Maximum Age:- 60 years
    15 Years Rs. 64,800
  5. PNB MetLife Retirement Plans

    Plan Entry Age Tenure Minimum Sum Assured
    PNB MetLife Goal Ensuring Multiplier Minimum Age:- 30 days
    Maximum Age:- 60 years
    10 to 99 Years Single Pay/Annualized Premium * Sum Assured Multiple chosen at inception
    PNB MetLife Guaranteed Future Plan Minimum Age:- 30 days
    Maximum Age:- 60 years
    15 to 30 Years 10 x Annualised premium
    PNB MetLife Guaranteed Goal Plan Minimum Age:- 30 days
    Maximum Age:- 65 years
    5 to 30 Years Rs. 62,500
    PNB MetLife Retirement Savings Plan Minimum Age:- 18 years
    Maximum Age:- 65 years
    10 years Rs. 300,000
    PNB MetLife Saral Pension Plan Minimum Age:- 40 years
    Maximum Age:- 80 years
    Whole life Rs. 1,000
    PNB MetLife Super Saver Plan Minimum Age:- 30 Days
    Maximum Age:- 18 years
    10 to 20 Years Rs. 50,000
    PNB MetLife Smart Platinum Plus Wealth:-Minimum Age:- 30 Days Maximum Age:- 70 years
    Wealth+ Care:-Minimum Age:- 18 years Maximum Age:- 65 years
    80 - the age at entry Rs. 1,87,500
    PNB MetLife Mera Wealth Plan Minimum Age:- 30 Days
    Maximum Age:- 60 years
    10 to 30 Years 1.25

How To Buy PNB Metlife Life Insurance Plans?

PNB Metlife allows you to purchase insurance solutions through various means. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.

Steps to buy from PolicyX.com:

  • Fill out the form given at the top of this page with the necessary details.
  • Select your income and city. Click on 'Proceed'.
  • Update your education and occupation details.
  • Choose your preferred plan and click on 'Buy this plan'.
  • Select policy term, premium period, and riders (if required) and then proceed to do the payment.

From the official website of the company

  • Visit the official website of the company and click on 'Buy Insurance' on the menu bar.
  • Select the category of insurance like - ULIP, Retirement, Child or Online Plans.
  • Fill in all the details and click on the 'Get Quote' button.
  • Enter some more details such as Amount to invest, Payment term, cover term, frequency, and choose the plan option and click on the 'Proceed' button.
  • Add the Add-on riders in your plan and click on the 'Proceed' button.
  • Make the payment using the available payment option and the company will share the policy documents on your registered email ID.

**Once the payment is made, you will get a payment confirmation at your registered email address

How to File PNB Metlife Insurance Claims?

Filing a claim for PNB Metlife insurance plans is a simple and hassle-free task. You can easily fill and submit their claims online or offline. To file a claim for PNB Met Life insurance plan, you need to follow the below-mentioned steps.

Claim Intimation

Inform the company about the incident via various channels- by writing an email at calimshelpdesk@pnbmetlife.com or through their android/ios app "Khushi". You can also reach out to their nearest branch for claim intimation or call at their toll free number 1800-425-6969 (Monday to Saturday between 10:00 am- 7:00 pm)

Document Submission

Submit the necessary documents requested by the company to process the claim. In the case of natural death-

  • Death claim form.
  • Death certificate.
  • Original policy documents.
  • Claimant's identity & residence Proof.
  • Medical records at the time of death & past illnesses.
  • Account details of the nominee.

In the case of unnatural death (Accidental death/Murder/Suicide)-

  • Death claim form.
  • Death certificate.
  • Original policy documents.
  • Claimant's identity & residence proof.
  • FIR, police inquest report & Panchanama.
  • Post mortem report.
  • Account details of the nominee.

Claim Settlement

After receiving all the documents and claim forms, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.

How to Contact PNB Metlife Insurance?

Unit No. 701, 702 and 703, 7th floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka

indiaservice@pnbmetlife.co.in
gro@pnbmetlife.co.in

1800 425 6969/ 91-80-26502244 (Mon - Sat| 10:00 am to 7:00 pm)

PNB Metlife Insurance: FAQs

1. Is it possible to add more than one nominee in my PNB Metlife insurance policy?

Yes, it is possible to add more than one nominee in my PNB Metlife insurance policy. However, the amount will be distributed equally among the nominees.

2. May I know whether PNB Metlife insurance policies are available for NRIs also?

Yes, PNB Metlife insurance policies are available for NRIs as well.

3. How to check the policy status of PNB Metlife Insurance policy?

You need to visit the official website of PNB Metlife and login with your user ID and password. After logging in, you can see the 'policy details tab'. Click on it and you will be able to check your policy status for PNB Metlife Insurance policy.

4. Is there any discount available for fund switches in PNB MetLife Unit Linked Employee Benefit Plan?

Yes, the company offers free switches for the first 4 funds in a policy year in PNB MetLife Unit Linked Employee Benefit Plan.

5. Does PNB MetLife Loan and Life Suraksha plan offer loyalty additions?

Yes, PNB MetLife Loan and Life Suraksha plans offer loyalty additions.

6. What is 'Individual Coverage' for PNB MetLife Complete Care Plus plan?

The PNB MetLife Complete Care Plus plan allows an employee to convert this policy into an Individual Coverage plan after leaving the organisation.

7. Is there any medical test required to opt for PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana?

No, there is no medical test required to opt for PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana.

8. What is the minimum age at entry for a standalone annuity in Joint Life option for PNB MetLife Immediate Annuity Plan?

The minimum age at entry for a standalone annuity in Joint Life option for PNB MetLife Immediate Annuity Plan is 40 years.

9. What if I wish to manage my funds on my own for my PNB MetLife Mera Wealth Plan?

Yes, it is possible. PNB MetLife Mera Wealth Plan offers flexibility to choose between two options, i.e., systematic transfer option and self-managed option.

10. May I know if my PNB MetLife Smart Platinum Plan offers liquidity facilities?

PNB MetLife Smart Platinum Plan offers liquidity facility for withdrawal of partial funds but only after completion of 5 policy years.

11. When will I get the coverage if I opt for PNB MetLife Accidental Disability Benefit Rider Plan?

PNB MetLife Accidental Disability Benefit Rider Plan will provide the coverage only if the disability arises within 180 days from the date of the accident.

12. What are the different types of plans offered by PNB MetLife Life Insurance?

PNB MetLife Life Insurance offers a wide range of insurance plans such as Term Insurance plans, Savings plans, Child Protection Plans, and Retirement Plans.

13. Is it safe to buy a PNB MetLife policy online?

Yes, buying a PNB MetLife policy online is completely safe and the process of buying the PNB MetLife plans is less time-consuming, simple.

14. What is the cancellation process for PNB MetLife plans?

To cancel your policy, You need to fill out a policy surrender form and submit it with your original policy documents to the nearest branch of PNB MetLife insurance company. The insurance company will start the policy cancellation process once they receive all of the required documentation as well as the cancellation fees.

15. How I can pay the premium of PNB MetLife Insurance plans? What are the payment modes offered by the PNB MetLife Insurance company?

PNB MetLife Insurance company offers the following payment mode for paying the policy premium:

Online Mode

  • Netbanking
  • Debit Card
  • Credit Card
  • Electronic Clearing System (ECS)

Offline Mode

  • Cash/Cheque at the nearest branch of the company

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