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PNB MetLife Term Insurance Plans - Check Features Online

PNB MetLife Term Plan is a pure protection plan with a range of additional coverage options to protect the financial future of loved ones. The policies in this plan have been designed to address the policyholder’s protection requirements at an affordable cost.

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Types of PNB MetLife Term Plans:

Different policies under are mentioned below:

  1. PNB MetLife Mera Term Plan Plus
  1. PNB MetLife Dental Care Plan
  1. Mera Mediclaim Plan
  1. PNB MetLife Aajeevan Suraksha Plan
  1. PNB MetLife Mera Jeevan Suraksha Plan
  1. PNB MetLife Family Income Protector Plus
  1. PNB MetLife POS Suraksha
  1. PNB MetLife Income Protection Plan

PNB MetLife Mera Term Plan Plus 

PNB MetLife Mera Term Plan Plus offers life insurance till the age of 99 years even if you opt to pay premiums for a short time. Under this plan, you can avail coverage for your spouse, use coverage enhancement options, etc.

Entry age

  1. Minimum: 18 years   
  2.  Maximum: 60 years

Maturity age

Without Return of Premium (RoP):   

  1. Minimum: 28 years
  2. Maximum: 99 years (Life, Life Plus), 75 years (Life plus Health)  

With RoP:

  1. Minimum: 28 years 
  2. Maximum: 75 years

Policy term

  1. Minimum: 10 years   

Without RoP:     

  1. Maximum: 99 years – entry age (Life, Life Plus)75 years – entry age (Life plus Health)

With RoP:       

  1. Maximum: 40 years

Riders

  1.  PNB MetLife Accidental Death Benefit Rider Plus     
  2. PNB MetLife Accidental Disability Benefit Rider     
  3. PNB MetLife Serious Illness Rider         
  4. PNB MetLife Critical Illness Rider

Sum assured

  1.  Minimum: Rs.25 lakh   
  2.  Maximum: No limit

Premium Payment Mode

Monthly, quarterly, half yearly, yearly

Premium Payment Term

  1. Regular Pay 
  2. Single Pay
  3. Limited Pay
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PNB MetLife Dental Care Plan 

PNB MetLife has introduced the PNB MetLife Dental Care, a unique dental plan that covers fixed benefit outpatient charges and provides financial support for your complete oral health. Under this plan, you will receive fixed amounts if you get procedures at one of the dentists in the insurer’s network.

Entry age 

  1. Minimum: 18 years     
  2.  Maximum: 65 years

Sum assured

Rs.50,000

Total premium

Rs.3,250

Online savings

7.50%

Premium after savings

Rs.3,006

Premium payment frequency

Single

Policy term

6 months

Mera Mediclaim Plan 

PNB MetLife Insurance has partnered with Care Health Insurance to offer comprehensive and flexible plan that combines the benefits of health and life insurance.

Entry age

Protection:

  1. Minimum: 18 years
  1. Maximum: 65 years

 Health:

  1. Minimum: 5 years (individual), 91 days with at least 1 insured person aged 18 years or above (floater)   
  2. Maximum: 65 years

Maturity age

Protection: 

  1. Minimum: 28 years   
  2. Maximum: 80 years      

Health: Lifelong on continuous renewals

Premium payment mode

Monthly, quarterly, half yearly, yearly

Policy term

Protection: 

  1. Minimum: 10 years     
  2. Maximum: 40 years                                                                                                                                                                                                                          

Health: 1/2/3 years

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PNB MetLife Aajeevan Suraksha Plan 

PNB MetLife Aajeevan Suraksha enables you to pay premiums for a shorter duration or throughout the policy term while protecting you up to age of 99 years or for the term of your preference. You can even include your spouse in the same plan.

Coverage options

  1. Fixed Term Cover     
  2.  Whole Life Cover

Entry age

  1.   Minimum: 18 years     
  2.   Maximum: 65 years

Maturity age

  1.  80 years (Fixed Term Cover)         
  2. 99 years (Whole Life Cover)

Benefit options

  1. Lump Sum     
  2. Fixed Income     
  3. Life Partner     
  4. Increasing Income

Sum assured

  1. Minimum: Rs.25 lakh   
  2. Maximum: No limit

Premium payment term

  1.  Single pay: Single premium payment at the start of the policy     
  2. Limited pay: 5 to 15 years         
  3. Regular pay (Regular Pay can be availed only with Fixed Term option)

Rider options

  1. PNB MetLife Serious Illness Rider   
  1. PNB MetLife Accidental Death Benefit Rider Plus

Premium payment mode

Monthly, half yearly, yearly

PNB MetLife Mera Jeevan Suraksha Plan 

PNB MetLife Mera Jeevan Suraksha Plan provides a lump sum payoff to keep your family members financially secure. Under this plan, you can also cover your spouse.

Entry age

  1.  Minimum: 18 years   
  2.   Maximum: 65 years

Maturity age

  1.  Minimum: 28 years     
  2.  Maximum: 80 years

Benefit options

  1.  Lump Sum     
  2. Fixed Income     
  3. Life Partner     
  4. Increasing Income

Policy term

  1. Minimum: 10 years     
  2. Maximum: 40 years

Premium payment mode

Monthly, half yearly, yearly

Sum assured

  1. Minimum: Rs.25 lakh     
  2. Maximum: No limit

Premium payment term

Regular pay

Annualised premium

  1.  Minimum: Rs.3,885   
  2.  Maximum: No limit

PNB MetLife Family Income Protector Plus 

PNB MetLife Family Income Protector Plus offers financial assistance to your family in the form of regular monthly income. The nominee can choose to receive the Death Sum Assured in a lump sum.

Entry age

  1.  Minimum: 25 years   
  2.  Maximum: 60 years

Maturity age

75 years

Plan options

  1. Term Cover     ·  
  2.  Term with Return of Premium Option (TROP)

Benefit payout period

  1. 240 months     
  2. 180 months     
  3. 120 months

Premium payment mode

Monthly, half yearly, yearly, and PSP

Monthly income options

  1. Rs.10,000     
  2. Rs.25,000     
  3. Rs.50,000     
  4. Rs.75,000     
  5. Rs.1 lakh

Policy term

  1. 10 years   
  2. 15 years   
  3.  20 years
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PNB MetLife POS Suraksha 

PNB MetLife POS Suraksha is a hassle-free life insurance plan that provides regular monthly income the family in the event of the insured’s untimely death. It also offers a return on all premiums if you survive to maturity.

Entry age

  1. Minimum: 18 years           
  2. Maximum: 55 years

Maturity age

65 years

Policy term

  1. 10 years     
  2.  15 years

Sum assured

  1. Minimum: Rs.50,000         
  2. Maximum: Rs.25 lakh

Premium payment term

  1. 5 years     
  2. 10 years               
  3. 15 years

Income payout period

10 years

Premium payment mode

Monthly, half yearly, yearly

PNB MetLife Income Protection Plan 

PNB MetLife Income Protection Plan provides financial security to your family during the policy term through regular monthly income or lump sum payments. It also returns premiums that range from 100% to 150% of the total premiums you paid if you survive to maturity.

Entry age

  1. Minimum: 18 years     
  2.  Maximum: 55 years

Maturity age

75 years

Plan options

  1. 100% RoP     
  2. 110% RoP     
  3. 130% RoP     
  4. 150% RoP

Policy term

  1. 15 years   
  2.  20 years

Premium payment term

Limited pay:      

  1. 5 years     
  2. 7 years     
  3. 10 years

Premium payment mode

Monthly, half yearly, yearly

Sum assured

Maximum: Rs.10 lakh

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Key Features of PNB MetLife Term Plan:

  1.  Higher insurance protection at economical rate.
  2. Offers life cover benefit.
  3. Lump sum payment on death of policyholder
  4. Using life stage benefit, policyholder can buy additional, as per prevailing age without any medical examination.
  5. Offers joint life cover, where the policyholder and spouse are covered,

Example of PNB MetLife Term Plan

Mr. Gupta, aged 30 years opts for family protection cover worth Rs 2 crore Rs.2 crore for 40 years. He pays an annual premium of Rs 16,781 Rs.16,781. After 10 premiums, Mr. Gupta meets with an accident and passes away. As per the lump sum benefit option, his beneficiary will receive the entire amount of Rs 2 crore Rs.2 crore

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FAQs on PNB MetLife Term Plan

  • What is term life insurance?

      Term life insurance is the most basic type of insurance that ensures the payment of a death benefit in the event of the insured’s death during the policy period. Typically, it does not include any savings component, making it one of the most affordable life insurance policies.

  • When is the right time to buy insurance?

    While most people do realise the importance of life insurance, many are unsure when to buy one. With increasing age, cost of insurance increases. Hence, it is a good time to invest in one at a young age, maybe with savings your first earnings.

  • What is an ideal insurance cover?

    Having an ideal insurance cover is always a good idea. As a thumb rule, a pure term should be bought in the range of 10-25 times the annual income of the life insured. This helps negate unforeseen liabilities and future inflation.

  • Till when do you need to cover? What should be an ideal policy term?

    You should look at the maximum duration available to you and lock in a low premium by taking this policy as early as possible.

  • Will I have to undergo a medical test?

    Depending on the sum assured that you opt for, you may require to undergo some medical tests. The medical tests are conducted at your home as per your convenience & availability. For some tests you may need to visit a diagnostic centre nearby.

  • What medical tests will I go through before getting the policy issued?

    Standard medical tests include an FMR (Full medical report), an ECG and a routine blood sample test.

  • What documents do I need to submit?

    Standard KYC documents, proof of income & any specific documents requested by the company.

  • How much amount will my nominee get at the time of claim?

    Death sum assured is defined as higher of 10 times the additional premium or 105% of all additional premiums paid for as on the date of death or Sum Assured chosen at the time of buying this plan. If, you have also opted for rider benefits then that would be paid as per the policy plan. If you have opted for any of the monthly income benefit options, then pay-out will be done accordingly.

  • Can an NRI buy this plan?

    Yes, an NRI can apply for this plan subject to underwriting policy of the company.

  • Will my policy lapse if I miss paying a premium or if there is a delay in the payment?

    No, the policy will not immediately lapse if you fail/forget to pay a premium. A grace period will be extended to the policyholder in order to make a premium payment.

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