"Spending a whole day looking for insurance is fun," said nobody, EVER!
  • PNB MetLife Term Insurance

     4.0 / 5.0   by 17 users
    Used this product? Write a review >>

    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Responsiveness

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

    Types of PNB MetLife Term Plans:

    Different policies under PNB MetLife Term Plan are mentioned below:

    1. MetLife Mera Term Plan
    2. MetLife Family Income Protector Plus
    3. MetLife Grameen Ashray
    MetLife Mera Term Plan

    An online pure term plan from Max Life Insurance, this plan is available for purchase through the company’s official portal and has three variants. Its basic features are as follows –

    Parameters

    Minimum

    Maximum

    Age at entry (years)

    18

    65

    Age at maturity (years)

    -

    75

    Policy term (years)

    10

    40

    Premium payment term

    Equal to policy term

    Sum assured

    Rs 100,000

    No limit

    Premium payment mode

    Yearly or single premium

    MetLife Family Income Protector Plus

    This term plan offers policyholders the maturity benefit of getting 110% of the premiums back once the policy matures and a death benefit of a monthly income for the beneficiary. The monthly income benefits range from Rs. 10,000 to Rs. 100,000.

    Parameters

    Minimum

    Maximum

    Age at entry (years)

    25

    60

    Age at maturity (years)

    75

    Policy term (years)

    10

    20

    Premium payment term

    Equal to policy term

    Premium (Term)

    Rs 3,055 for 10 years

    Rs 2,520 for 20 years

    Rs 1,26,160 for 10 years

    Rs 83,450 for 20 years

    Premium (TRoP)

    Rs 24,137 for 10 years

    Rs 6,29,670 for 20 years

    Rs 1,26,160 for 10 years

    Rs 1.85,800 for 20 years

    Sum assured

    10 years: Rs 14.20 lakhs

    20 years: Rs 9.10 lakhs

    10 years: Rs 1.42 crores

    20 years: Rs 0.95 crores

    Premium payment mode

    Yearly, half-yearly, monthly, and PSP modes

    MetLife Grameen Ashray

    A simplified short-term protection plan that offers cover for the policyholder and his family, at a budget-friendly cost.

    Parameters

    Minimum

    Maximum

    Age at entry (years)

    18

    55

    Age at maturity (years)

    28

    75

    Policy term (years)

    5

    35

    Premium payment term

    Equal to policy term

    Premium

    Rs 314 for SP

    Rs 60 for RP

    No limit

    Sum assured

    Rs 5,000

    Rs 50,000

    Premium payment mode

    Yearly or single premium

    Key Features of PNB MetLife Term Plan:

    • Higher insurance protection at economical rates

    • Offers life cover benefit

    • Lump sum payment on death of policyholder

    • Using life stage benefit, policyholder can buy additional online term policy, as per prevailing age without any medical examination.

    • 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 for 40 years. He pays an annual premium of 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.

    PNB MetLife Term Plan FAQs:

    1. Q.What benefits will I receive with a term plan?

    A.The family’s safety and security is of utmost importance to you. We understand that. In a term plan, policy benefits are given to the nominees chosen by the life assured in case of an insured event. MetLife Mera Term Plan offers four benefit payout options to ensure that your family is secured financially as you would always like them to be.

    1. Q. When is the right time to buy insurance?

    A.While most people do realise the importance of buying 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.

    1. Q. What is an ideal insurance cover?

    A.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.

    1. Q. Till when do you need to cover? What should be an ideal policy term?

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

    1. Q. Will I have to undergo a medical test?

    A.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.

    1. Q. What medical tests will I go through before getting the policy issued?

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

    1. Q. What documents do I need to submit?

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

    1. Q. How much amount will my nominee get at the time of claim?

    A.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.

    1. Q. Can an NRI buy this plan?

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

    1. Q. Will my policy lapse if I miss to pay a premium or if there is a delay in payment?

    A.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.

    Other Products

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    PNB MetLife Term Insurance Reviews

  • Page 1 of 1
    • PNB Metlife Life Insurance
      "Good"
      0.5 4.5/5 "Excellent!"
      Recently I have taken term plan with Punjab Met Life. Monthly have to pay 700 rupees as a premium. It will be auto debited from the HDFC Bank card. I have to pay till 40 years. My family will be getting a good benefits. The policy coverage is 50L. I am satisfied with the benefits. The customer service is good. Go with the benefits of medical life.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 08, 2018
    • PNB Metlife Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I am having a Term insurance policy with PNB MET LIFE from last 2 years, Customer service is good with PNB MET LIFE and i am satisfied with the terms and conditions on returns. I pay my premium once in a year and i am convenient with the payment options.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 29, 2018
    • PNB Metlife Life Insurance
      "Decent product... Cheaper premium"
      0.5 4.0/5 "Great!"
      Decent product... Cheaper premium.... Value for money..... Go for online option for buying new insurance.... Better product then other competitors.... Would strongly recommend to go for this insurance.... Always for term insurance than other products
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 09, 2018
    • PNB Metlife Life Insurance
      "Trusted Policy"
      0.5 4.0/5 "Great!"
      PNB metlife term insurance benefits are good, they gave me accidental, critical illness cover with rider cover upto age of 75 years. I am making the monthly premium of Rs. 2000 it has the term of 40 years. My nominees will get the sum assured of Rs.2.25 crores from the insurance company.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 24, 2018
    • PNB Metlife Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have my life insurance policy with PNB METLIFE INDIA INSURANCE and it is a term insurance. The tenure of this life insurance policy is 16 years. I pay my premium on monthly basis through ECS and the payment options are convenient for me. I have a coverage amount of Rs 26 lakhs which is satisfactory and i am also happy with the benefits of this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 17, 2018
    • PNB Metlife Life Insurance
      "Good protection for my family"
      0.5 4.0/5 "Great!"
      I took the term insurance from PNB Met Life India, through online channel. I am paying the premium around Rs. 55,000 it covers for a year. If some thing happens in that year, PNB met life provides Rs. 1 crore of reimbursement to my family. Claim settler ratio is good with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 05, 2017
    • PNB Metlife Life Insurance
      "Life insurance"
      0.5 4.0/5 "Great!"
      Term insurance is very good. I am holding this term insurance for about 7 months no issues nor any challenges with PNB MET life. I pay a premium of annually 12k and m onthly basis it is amounting to 1k. The primary benefits are like covers me and my family the amount of coverage is 60k and 25k for my spouse
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 01, 2017
    • PNB Metlife Life Insurance
      "Term insurance"
      0.5 3.0/5 "Satisfactory"
      PNB met life insurance is fine, its actually a term insurance, it is very good no issues absolutely , its term insurance in case of any unforeseen events my family would get the benefit out of it. The premium what I am supposed to pay is around 5000 annually , The policy coverage is 50 lakhs and I had already recommend this policy to others
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 04, 2017
    • PNB Metlife Life Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      I tried to reach the customer support in PNB met life insurance but there was no response it was just to change the address. I have term plan in which the risk coverage ten times of the premium amount. Yearly once the payment is done through online. Accidental and natural death coverage.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 08, 2016
    • PNB Metlife Life Insurance
      "High coverage with low premium!"
      0.5 4.0/5 "Great!"
      Though the premium is high with low cover, I opted for the term life insurance with PNB metlife. Premium payment is made on monthly basis but it would be nice if they make the payment to be paid on yearly basis. Payment is very much comfortable through online mode.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 02, 2016
    • PNB Metlife Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the PNB metlife insurance company and its the term insurance policy. Coverages will covers both the death benefits and the health coverage. The premium is around 15000 Rupees per quarter of the year.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 18, 2016
    • PNB Metlife Life Insurance
      "Good services"
      0.5 5.0/5 "Blown Away!"
      PNB Metlife India insurance is good in their services. I have taken a term insurance from them. The payments are convenient. They have good benefits. They also have a good coverage. Overall I am happy with the policy taken from them.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 09, 2015
    • PNB Metlife Life Insurance
      "PNB METLIFE INDIA INSURANCE - Online Term Plan"
      0.5 5.0/5 "Blown Away!"
      I have been thinking to buy a term plan since last two months.they i came to Bank Bazaar,after visiting Bank Bazaar i got call from customer care, they shared each and every important with me.i got the detail information they also helped me in buying policy online.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 02, 2015
    • PNB Metlife Life Insurance
      "Excellent coverage."
      0.5 5.0/5 "Blown Away!"
      It is a term plan with PNB Met Life. The premium is good. It is very competitive with the market. The tenure is for 35 years. After the maturity period if there is a absence of the policy holder. The family is covered. They are very prompt in their services. The premium is on a half yearly basis.
      Was this review helpful? 1
      , new delhi
      Reviewed on Oct 09, 2015
    • PNB Metlife Life Insurance
      "My experience with PNB MET LIFE "
      0.5 3.0/5 "Satisfactory"
      PNB MET life insurance is okay. It is very simple and it is okay as well. There were people who explained about the policy and we end up taking insurance with them. It is not up to the mark. It is basically a term plan and life insurance plan as well. There were only few benefits that I am getting from this policy. This insurance is 3 years old.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 14, 2015
    • PNB Metlife Life Insurance
      "It was ok!!"
      0.5 4.0/5 "Great!"
      There is a personal reason to open life insurance with PNB Metlife India Insurance as my brother is working there and actually this is term plan where no returns. This term plan is of 22.5lakhs and premium is around 8000. As I said no returns in this plan where nominee will get the coverage amount incase any incident happens to policy holder. I had compared with other insurance companies later, there I got to know that the premium is high in PNB.
      Was this review helpful? 4
      , chandigarh
      Reviewed on Feb 24, 2015
    • PNB Metlife Life Insurance
      "Best plan"
      0.5 3.5/5 "Pretty good"
      I availed Life Insurance from PNB Metlife India Insurance for 20 years of tenor. Infact I requested insurance through online and next to that agents came to collect documents. Agents also helped me over phone thus very satisfied with customer service. Life insurance is much important for us and as well for our family members. This plan is like term plan which is like pure life insurance. If suppose anything happens our family members would be benefited. Premium is half yearly basis and I am paying it through ECS.
      Was this review helpful? 4
      , chandigarh
      Reviewed on Dec 05, 2014
    Common Loader Icon
    Page 1 of 1

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.