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PNB Metlife is a joint venture between Punjab National Bank India and Metropolitan Life Insurance America. It started its business as a general insurance provider in 2001 and has 15,000+ branches and offices in India after partnering with several banks and entities. It offers several term plans, such as term plans, child insurance, endowment plans, level term insurance, and guaranteed plans.
PNB Metlife provides comprehensive term insurance plans that help your family get financial support after your demise. These plans come with a range of benefits and ensure to offer financial protection to your family including:
What are some of the
Benefits
that set them apart?
Wide range of plan options,
Affordable premiums,
Rider options to enhance coverage,
Choice of policy tenure,
Choose your sum assured,
Tax Benefits as per applicable laws,
Choose your payout options,
Get additional protection with add-on riders, etc.
PNB Metlife Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by PNB Metlife Term Insurance.
Plan | Entry Age | Tenure | Min. Sum Assured | Unique Features |
---|---|---|---|---|
PNB Metlife Saral Jeevan Bima Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, Semi-Annual, and Monthly | ₹50K |
|
PNB Metlife Aajeevan Suraksha Plan | Minimum Age - 18 years Maximum Age - 45 years | Yearly, half-yearly & monthly | Rs. 25 Lakhs |
|
PNB Mera Jeevan Suraksha Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, Semi-Annual, and Monthly | ₹25L |
|
PNB Metlife Family Income Protector Plus Plan | Minimum Age - 25 years Maximum Age - 60 years | Annual, Semi-Annual, and Monthly | ₹14L |
|
PNB MetLife POS Suraksha Plan | Minimum Age - 18 years Maximum Age - 55 years | Annual, Semi-Annual, Quarterly, and Monthly | ₹50K |
|
PNB MetLife Loan and Life Suraksha Plan Plan | Minimum Age - 15 years Maximum Age - 65 years | Half-yearly, Quarterly, Yearly, Monthly | Base sum assured: 5 Thousand |
|
PNB Metlife Mera Term Plus Plan | Minimum Age - 18 years Maximum Age - 60 years | Annual, Semi-Annual, and Monthly | ₹25L |
|
Here is a quick overview of the PNB Metlife Term Insurance Plans listed in the above table.
PNB MetLife Saral Jeevan Bima Plan is a simple term plan that promises to cover your loved ones from unpredictable situations so that they never make any compromises in life.
PNB MetLife Aajeevan Suraksha is a comprehensive life insurance plan that gives you the convenience of paying premiums for a shorter period or throughout the policy term while keeping you protected for life (up to age 99) or till the term of your choice.
PNB MetLife Mera Jeevan Suraksha Plan is a solution that offers you the option to choose your payout option- regular income or lumpsum payout.
PNB MetLife Family Income Protector Plus is one of the most unique term insurance plans that will protect your family from financial uncertainties by providing them with regular monthly income and helping you secure their future.
PNB Metlife POS- Suraksha is a plan that safeguards the monthly income needs of your loved ones in your absence!
PNB MetLife Loan and Life Suraksha Plan offers life insurance along with protection for your mortgage, educational, personal, and auto loans. The policy comes in 3 types of coverage options.
PNB MetLife Mera Term Plan Plus is a specially designed protection plan that provides life cover till the age of 99 years even as you choose to pay premiums for a limited period.
PNB Metlife Saral Jeevan Bima is a standard term insurance plan designed as per the guidelines of IRDAI. This plan is designed to provide pure protect...
Unique Features
PNB Metlife Aajeevan Suraksha Plan offers individuals a comprehensive life cover with a plethora of benefits and features embedded within the plan. Aa...
Unique Features
PNB Metlife Mera Jeevan Suraksha Plan is designed to provide quality coverage in unforeseen circumstances. The plan not only includes death coverage b...
Unique Features
'A Term plan that gives regular monthly income after your demise' If you support your family financially through your income, then undoubtedly, the co...
Unique Features
Are you the sole earning member of your family, and feel worried about what will happen in case of an emergency? Who will take care of all expenses? S...
Unique Features
PNB Metlife has launched the PNB MetLife Loan and Life Suraksha Plan, offering life insurance along with protection for your mortgage, educational, pe...
Unique Features
PNB MetLife Mera Term Plan Plus is a comprehensive pure protection plan that helps you protect your family financially upon your sudden demise. Under ...
Unique Features
PNB Metlife Term Insurance Plans
Name of the Riders | Benefits |
PNB MetLife Critical Illness Rider | The rider plan provides payment of an additional amount on the diagnosis of 10 critical conditions. This plan acts as an additional health cover under the base policy, where rider term and sum assured options are available to provide coverage as per your needs. |
PNB MetLife Accidental Death Benefit Rider | This rider offers payment of an additional amount should death occur as a result of an accident by outward violent and visible means. |
PNB Metlife Terminal Illness Rider | This rider offers additional benefits in case the policyholder is diagnosed with any of the terminal illnesses mentioned in the brochure. |
PNB Metlife Waiver of Premium Rider | This rider ensures that future due premiums are waived off in case of total and permanent disability of the life assured. The benefit can be purchased by paying a nominal extra premium over and above the base premium. |
PNB Metlife Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose PNB Metlife Term Insurance Plans:
PNB MetLife term insurance provides an additional sum assured for listed 50 critical illnesses if the policyholder is diagnosed with any of one them during the policy term.
PNB Metlife term insurance plans offer you protection till 99 years of age.
PNB Metlife term plans offer you the option to choose your payout option either as monthly income or lump sum.
PNB Metlife term plans are available at affordable premiums so that a large section of people can get them to secure their family’s financial future.
PNB Metlife Term Insurance Plans offer various additional benefits to the policyholders.
PNB Metlife Mera Term Plan Plus offers you the option to cover you and your spouse under a single policy, thereby saving additional premium costs.
PNB MetLife- Ajeevan Suraksha Plan offers inbuilt terminal illness cover with the base plan.
PNB Metlife Saral Jeevan Bima offers you life cover starting from Rs 5 lakhs so that you can choose it as per your financial requirements.
PNB MetLife- Ajeevan Suraksha Plan offers you four plan options to choose from as per your requirements.
PNB MetLife Income Protection Plan offers income for your family in case of your unfortunate demise so that they can live a comfortable life.
There are various PNB Metlife-term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.
These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.
These plans give the premium amount back to the policyholders only if they survive the policy term.
These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.
These plans offer inbuilt coverage against critical illnesses.
These plans offer inbuilt coverage against accident disability and death cover.
Here are the documents required to buy a PNB Metlife Term Insurance Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the PNB Metlife Term Insurance policy from Policyx.com or the PNB Metlife Term Insurance website.
Fill out the form 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 the policy term, premium period, and riders (if required), and then proceed to pay.
Visit the official website of PNB Metlife Insurance.
Click on the ‘Buy Now’ option available under the plan.
Provide your details including name, gender, education, income, contact details, etc.
Fill in your policy tenure, premium payment tenure, and sum assured.
Pay the premiums displayed on the payment screen.
Don't just take our word for it - check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
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PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
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The claim settlement process for PNB Metlife Term Plans is simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained the process by which you can easily submit & settle your claim below:
Report your PNB Metlife Term plan claim by hovering over the ‘Our Services Section’ and choosing the ‘File a Claim Option’.
PNB Metlife’s customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.
Your claim will be resolved once you have informed the insurance of your claim and the insurer has received all of the necessary documents.
The PNB Metlife term plan claim settlement procedure can be reported by visiting the local PNB Metlife Branch Office. For the details of PNB Metlife Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
If you have any more queries regarding PNB Metlife Term Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
PNB MetLife term insurance plan is among the best term insurance plans that offer you an extra set of perks in exchange for nominal premiums.
PNB MetLife’s Claim Settlement Ratio is 99.06% in individual life insurance policies for the financial year of 2022-23.
The maximum maturity age limit for the PNB MetLife term plan is 99 years for all options except the Life Plus & ROP Option.
Yes, you can surrender your PNB MetLife policy under a free-look period.
PNB Metlife offers eight-term plans and you can choose the one that best suits your needs.
Yes, PNB Metlife Insurance provides tax benefits under Section 80C, though taxpayers can get rebates up to 1.5 lakhs.
Yes, PNB Metlife Insurance Provides a Grace Period as well, they have a 30-day grace period for quarterly, half-yearly, and Yearly Premiums paying terms and 15 days for monthly premiums paying terms.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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February 5, 2023
Asia/Kolkata
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