PNB Metlife India Insurance Company is one of the most reputed insurance companies that has declared profits for the past five financial years. It offers various types of plans ranging from simple protection plans to pension plans as per its customer's needs.
PNB and MetLife have been in the business together for the last 15 years and do not seem to be slowing down in the industry with so much growth and potential. However, that may not be a sufficient reason for an ordinary human to want to opt for their insurance products. Here are some reasons more well-defined than simply what you already know:
Following are the plans offered by the PNB Metlife insurance company:
PNB MetLife protection plans provide financial security to your family in the form of assured monthly income or lump sum payments.
PNB MetLife Mera Term Plan Plus get a simple solution to provide your loved ones with financial security and protection
Entry Age |
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Maturity Age | Without Return of Premium (RoP):
With RoP:
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Policy Term |
Without RoP:
With RoP:
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Riders |
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Sum Assured |
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Premium Payment Mode |
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Premium Payment Term |
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Entry Age |
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Maturity Age |
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Premium Payment Mode |
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Sum Assured |
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Entry Age |
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Maturity Age | 65 years |
Policy Term |
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Sum Assured |
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Premium Payment Term |
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Income Payout Period | 10 years |
Premium Payment Mode |
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Entry Age |
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Maturity Age |
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Benefit Options |
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Policy Term |
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Premium Payment Mode |
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Sum Assured |
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Premium Payment Term | Regular pay |
Annualised Premium |
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Entry Age |
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Maturity Age | 75 years |
Plan Options |
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Policy Term |
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Premium Payment Term | Limited pay: ·
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Premium Payment Mode |
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Sum Assured | Maximum: Rs.10 lakh |
Entry Age |
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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 |
Coverage Options |
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Entry Age |
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Maturity Age |
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Benefit Options |
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Sum Assured |
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Premium Payment Term |
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Rider Options |
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Premium Payment Mode |
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Entry Age | Protection:
Health:
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Maturity Age | Protection:
Health:
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Premium Payment Mode | Monthly, quarterly, half yearly, yearly |
Policy Term | Protection:
Health: 1/2/3 years |
Entry Age |
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Maturity Age | 75 years |
Plan Options |
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Benefit Payout Period |
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Premium Payment Mode |
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Monthly Income Options |
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Policy Term |
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PNB MetLife Savings Plans provide you with life insurance coverage while also assisting you to invest methodically, therefore producing long-term wealth to help you achieve your goals.
Entry Age | Minimum:
Maximum: 60 years |
Maturity Age | Single pay: 80 years Limited pay: 75 years |
Sum Assured | Minimum:
Maximum:
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Premium Payment Mode |
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Annualised Premium |
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Entry Age | Wealth Option:
Wealth + Care Option
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Maturity Age |
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Minimum Sum Assured |
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Policy Term |
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Premium Payment Mode |
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Maximum Entry Age | Annual Mode:
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Minimum Maturity Age |
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Maximum Maturity Age |
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Sum Assured |
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Premium Payment Term | 5, 7, 10, 12, 15 years and Regular pay |
Entry Age |
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Maturity Age | 75 years |
Policy Term | 15 years |
Premium Payment Mode |
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Premium Payment Term | 10 years Limited Pay |
Sum Assured |
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Benefit Payout Options | Option 1: Lumpsum Option Option 2: Income + Lumpsum Option |
Income Payout Mode |
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Minimum Entry Age | Single Premium:
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Maximum Entry Age | Single Premium:
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Premium Payment Mode |
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Rider Options |
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PNB MetLife pension plans enable you to set aside a portion of your assets to build over a defined length of time to earn a regular stream of income post retirement.
Minimum Entry Age | Standalone Annuity:
Tied Annuity"
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Maximum Entry Age |
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Annuity Payout Mode |
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Minimum Annuity Payout | Rs.1,000 per month |
Maximum Annuity Payout | Subject to Annuitant’s entry age and purchase price |
Entry Age | Minimum: 40 years Maximum:
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Purchase Price |
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Premium Payment Mode |
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Minimum Annuity |
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Entry Age |
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Vesting Age |
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Premium Payment Term |
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Sum Assured | Minimum:
Maximum:
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PNB MetLife group plans offer life insurance to a group of individuals. In the event of the insured's death, these plans provide financial support for the beneficiary of the employee covered under the plan.
Entry Age |
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Maturity Age |
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Policy Term |
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Pay Out Options |
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Premium Payment Mode |
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Entry Age |
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Maximum Maturity Age | 66 years |
Premium |
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Group/Scheme size |
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Group / Scheme size |
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Entry Age |
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Maximum Maturity Age | According the Employer's Scheme Rules for each group insurance, with a maximum age of 99 years. |
Sum Assured |
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Minimum Contribution | Rs.1 lakh |
Minimum Policy Term | 1 year |
Group size |
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Entry Age | Minimum:
Maximum:
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Maximum Maturity Age |
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Sum Assured per Member |
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Premium Payment Mode |
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Group size |
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Entry Age |
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Maximum Maturity Age | 70 years |
Sum Assured per Member |
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Policy Term |
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Group Size |
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Entry Age |
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Maximum Maturity Age | 70 years |
Premium Payment Term |
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Cover Options |
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Group Size |
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Premium Payment Modes for Limited and Regular pay |
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Sum Assured per Member |
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Entry Age |
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Maximum Maturity Age | 81 years |
Minimum Premium | Rs.2,915 per life |
Maximum Premium |
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Minimum Group/Scheme Size | 10 |
Maximum Group/Scheme Size | 9,00,00,000 |
Minimum Sum Assured per Member | Rs.5,000 |
Maximum Sum Assured per Member | Rs.100 crore per life |
Entry Age |
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Maximum Maturity Age | According to the scheme rules |
Minimum Group Size | 10 |
Maximum Group Size | No limit |
Minimum Policy Term | Yearly renewable basis |
Entry Age |
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Maximum Maturity Age | According to individual employer’s scheme |
In-built Life Cover Benefit upon Death | Rs.1,000 |
Minimum Initial Annual Contribution | Rs.1 lakh |
Maximum Initial Contribution | Rs.500 crore |
Policy Term | 1 year (renewable) |
Entry Age |
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Maximum Maturity Age | According to individual employer’s scheme |
In-built Life Cover Benefit upon Death | Rs.1,000 |
Minimum Initial Annual Contribution | Rs.1 lakh |
Minimum Initial Annual Contribution | Rs.500 crore |
Policy Term | 1 year (renewable) |
Different insurance products may have different claim procedures. But generally life insurance has differences in more of documentation required based on the cause of the event. To give more clarity to the claim process, here is a general step by step process that the rightful claimant can follow to make it easier for all parties at MetLife:
Step 1: Collect all the documentation in one place. More clarity will be provided on what documentation may be necessary, but it generally involves or relates to the type of claim that is being made.
Step 2: You have to make sure that you have copies of the documentation in your system, and easily accessible for reference. The company will investigate the claim, which is why the claim process takes time.
Step 3: Get a copy of a claim form and submit it along with the documents, based on the requirements of your policy. Different types of policies require different types of documents.
Step 4: Once the submission is made, based on the acceptance or rejection of your policy, you will be notified through phone or email.
Step 5: The claim amount will be then transferred to the claimant's bank account.
The following are the minimal documentation required for PNB Metlife policy application (not exhaustive list):
PNB MetLife has over 150 branch offices across the nation where customers can visit with their policy number, present it along with at most a form of identification, and learn more. You can, however, access information on the status of your insurance at your convenience from both your home and place of employment. Simply enter your policy information when registering on their website. From now on, all you have to do is go online, enter your login information and password to access your account, and you'll have access to all the information you require regarding your policy. Email and phone can also be used for this. The phone may be a more convenient means to access information for folks who are unfamiliar with digital media.
PNB MetLife insurance online payments are simpler than you think. The website has a page Billdesk - PNB MetLife Payment Gateway, which is dedicated to people with the requirement of paying premiums online. It also makes sense due to its convenience factors with people, allowing them to not only make regular premium payments but also do it at home or office. The other details that may be required of you, are payment related. It is also a safe mode of payment since you get an instant receipt for the same.
The first consideration when purchasing insurance is the level of protection needed for a certain individual. Both of these online calculators and the PNB MetLife Insurance Premium Calculator are accessible. Simply enter the information requested here, such as the sum assured and the term of the insurance product, and you will be given the monthly price. You must also be aware of the type of calculating technique being applied or the basis on which the premiums are computed. Since additional fees may also apply, you may not have a precise notion of the amount that will be your premium, but you will undoubtedly receive an estimate so that you can plan your monthly spending.
You can call the support team by calling on their toll free helpline number 1800-425-6969, via email, or by fax. Customer can also request for help by sending an SMS on the designated number provided by PNB MetLife for policy related queries.There is also a special section called 'Write TO Us', using which customers can register their concern/query with the customer support team.
MetLife offers protection plans, retirement plans, monthly income plans money back plans, investment plans, child plans, savings plan, rural plans, health plans and rider plans. Visit MetLife website to know more about the various products under each plan.
You will have to submit your identity proof, age proof, address proof, income proof and PAN card documents while applying for the insurance.
The payments can be made through cheque, cash or through an online payment. You can also give a standing order for the bank to deduct the amount from your debit card or savings account to meet the payment of the policy.
You can buy the life insurance when you are young as the premium payment will be lower. If you have the option to take a life insurance cover through a group insurance plan offered by your employer, take it.
You must consider how much your dependents will need to live comfortably and to be able to pay all the bills and meet other expenses while taking a life insurance. You can use the life insurance calculator that PNB MetLife is offering to determine how much insurance is right for you.
Yes, you can change your beneficiary at any time till the maturity date of the policy. You will have to inform PNB MetLife and fill up the beneficiary change request form.
You will get a 15-day free look period within which you can return the policy and you will get a full refund.
Yes, you are allowed to surrender the policy.
Yes, you can take a loan against a PNB MetLife Life insurance policy. You will have to submit a loan request form along with the assignment request form to the nearest branch.
The insurance company has to ensure that all the policies are transparent and all the information about the policy is shared with the people except the information of their customers and policyholders. The public disclosure from the insurance company advises and warns people of the fraudulent activities that take place, where people are asked for random information about their insurance. Neither is the information supposed to be shared, nor are they supposed to be asked by the insurance company just like that. Hence, the public disclosure states to stay aloof from such activities especially telecallers.
Yes, the website allows you to pay online, through their online payment gateway for all the necessary payments needed to made, such as premiums or plan renewals.
Almost all applications are downloadable from the company website but one can also go to the 150 offices, nearest to his home. The branch locator online, will help to find the office nearest to you.
All the claim forms are available online from the PNB MetLife website.
Download the beneficiary change request form online and submit it at a branch or mail it to the insurance company office nearest to you.
Like any other company, they need to ensure legitimacy in your requirement for insurance and assurance that you will pay the premiums whenever due. Hence the following are the most common eligibility criteria: Age between 18 years and 60 years (generally) and citizenship. Some also look for the minimum income requirement and an individual's credit score as well.
Simply download and fill in a Surrender Request Form sign it along with the original policy document and send it to a PNB MetLife branch.
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