• MetLife Mera Term Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Responsiveness

    When life throws curve balls at us we need to make difficult choices, and those difficult choices makes life interesting and worth living. Would you like a financial plan that helps you deal with all of life’s difficult choices? With the MetLife Mera Term Plan get a simple solution to provide your loved ones with financial security and protection. At an affordable cost you can protect your financial needs of your loved ones when you’re no longer around. In order to get the MetLife Mera Term Plan you need to be between the age of 18 - 65 years, with the maturity age is 75 years. The minimum sum assured of your policy should be Rs. 10, 00, 000 and doesn’t have a maximum limit set. You should also have the plan set for a tenure of 10 - 40 years. When you buy this plan, you can choose from 4 different options to choose from based on your financial needs.

    The options available for you to choose from are:

    1. Option 1 - Under this option the sum assured will be payable to the nominee as a lump sum amount.
    2. Option 2 - With this option the sum assured will be split between lump sum and monthly income. The lump sum amount will amount to 50% of the sum assured and the remaining 50% will be divided into level monthly amount for the next 10 years.
    3. Option 3 - Under this option the sum assured will be split between lump sum and monthly income. The lump sum amount will amount to 50% of the sum assured and the remaining 50% will be divided into increasing monthly amount for the next 10 years. The increase will be at a rate of 12 % at simple rate of interest.
    4. Option 4 - This option in the plan is best suited for those with kids under the age of 15 years. The sum assured will be split between lump sum and level monthly income. The lump sum amount will amount to 50% of the sum assured and the remaining 50% will be divided into level monthly amount until the child reached 21 years.

    The benefits of choosing the MetLife Mera Term Plan:

    1. You can choose the sum assured payouts with 4 different options, that’ll help your family in your absence.
    2. Your spouse can be added to the plan, so there’s no need to take up a separate plan for your spouse. The premium would increase by about 50% on an average for addition of a spouse to the plan
    3. The plan gives you coverage until the age of 75 years
    4. You can have the lowest premiums for the online term plans
    5. You make your premium payments through all the latest payment gateways and apps apart from the regular payment option such as mobikwik, Paytm, Airtel money etc.

    Let’s take some examples of the plan options and how they work:

    Option 1: Mr. Hayath aged 30 years opts for a plan of 30 years, and a sum assured of Rs. 2 crore. He takes this plan by choosing option 1 as the payment of sum assured. Mr Hayath pays an annual premium towards this plan of Rs. 16, 781. After paying 15 annual premiums Mr. Hayath passes away. As per the options chosen by him, his nominee will get the sum assured of Rs. 2 crore.

    Option 2: Mr. Hayath aged 35 years opts for a plan of 40 years, and a sum assured of Rs. 2 crore. He takes this plan by choosing option 2 as the payment of sum assured in lump sum and monthly income. Mr Hayath pays an annual premium towards this plan of Rs. 15, 750. After paying 20 annual premiums, due to unforeseen circumstances Mr. Hayath passes away. As per the options chosen by him, his nominee will get the sum assured of Rs. 83.6 lakhs as a lump sum, and the remaining will be distributed into monthly income amounting to Rs. 96,600 every month for 10 years (120 months) making the total amount Rs. 1.16 crores.

    Option 3: Mr. Hayath aged 30 years opts for a plan of 40 years, and a sum assured of Rs. 2 crore. He takes this plan by choosing option 3 as the payment of sum assured in lump sum and increasing monthly income. Mr Hayath pays an annual premium towards this plan of Rs. 15, 463. After paying 10 annual premiums, due to unforeseen circumstances Mr. Hayath passes away. As per the options chosen by him, his nominee will get the sum assured of Rs. 81.9 lakhs as a lump sum, and the remaining will be distributed into monthly income amounting to Rs. 63,897 increasing at a 12% simple interest rate for 10 years (120 months) making the total amount Rs. 1.18 crores.

    Option 4: Mr. Hayath aged 30 years opts for a plan of 40 years, and a sum assured of Rs. 2 crore. He takes this plan by choosing option 4 as the payment of sum assured in lump sum and level monthly income until his child is 21 years old. Mr Hayath pays an annual premium towards this plan of Rs. 15, 554. After paying 10 annual premiums, due to unforeseen circumstances Mr. Hayath passes away. As per the options chosen by him, his nominee will get the sum assured of Rs. 80 lakhs as a lump sum, and the remaining will be distributed into monthly income amounting to Rs. 76,874 for 13 years as he’s child will be 21 years of age after the 13th year making it a total 156 installment. The total amount Rs. 1.20 crores.

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

    MetLife Mera Term Plan Reviews

  • Page 1 of 4 1 2 3 4
    • PNB Metlife Life Insurance
      "Worst"
      0.5 1.0/5 "Really Bad"
      The worst experience that i had with this bank, because the policy that i have taken from this bank is only to have benefit but instead i could not claim the money when i am in need of that. So, I am currently not using this policy and i feel that I had taken this policy which is unwanted.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 02, 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
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      All the queries will be fulfilled by the PNB customer support service. The customer support service is good with the PNB METLIFE INDIA INSURANCE company. I have got the life insurance policy from the PNB METLIFE INDIA INSURANCE company around 2 years ago and this policy has the tenure of 10years. I pay the premium of Rs,6000 per month and it is very good returns.
      Was this review helpful? 0
      , allahabad
      Reviewed on Mar 26, 2018
    • PNB Metlife Life Insurance
      "Good Protection for Family"
      0.5 5.0/5 "Blown Away!"
      PNB Met life is good, the premium is okay and they gave me good coverage . But I haven't check about the claim settle ratio. I have chosen the sum assured value of Rs. 1.5 crore it has max maturity age upto 99 age. My total premium amount around Rs. 30,000 per annum. Which includes Rs. 7000 for critical illness for heart attack and cancer and Rs. 3000 for the accidental cover with Rs. 15 lakhs of coverage.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 06, 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
      "Average"
      0.5 3.5/5 "Pretty good"
      I am having the life insurance policy with the PNB metlife and the services are bit slow but the plans are really good one with them on that time. Response and other things are also too good one with the PNB metlife insurance company. I am happy with them till now.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 17, 2018
    • PNB Metlife Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I have taken a MET LIFE with PNB in the year of 2009. It was recommended by one of my friend since I am happy with the policy benefits. It is a tenure of 15 years. The total coverage with the bonus and it will be accumulated around 10L. I was paying 12,000 yearly through net banking.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • PNB Metlife Life Insurance
      "Right place to shop"
      0.5 5.0/5 "Blown Away!"
      I am having the life insurance policy with the PNB metlife and I got it before a week of time. I would like to say that the coverage value is good one with them and I got the better offer with this with all riders and medical coverage too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 04, 2018
    • PNB Metlife Life Insurance
      "Satisfying"
      0.5 5.0/5 "Blown Away!"
      I am so much satisfied with my Life Insurance with them. They have promised me a good return and I am pretty happy that my future is protected even after me. The payment options are good and you can check the status of insurance through website.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 20, 2017
    • PNB Metlife Life Insurance
      "Satisfactory & fast process"
      0.5 5.0/5 "Blown Away!"
      I have opted for a ECS deduction from PNB Met life. I have taken a money back life insurance policy. The tenure is for the ten years and I get regular updates on the on the policy. The services are good and there is a bonus which I get every three years.
      Was this review helpful? 0
      , moradabad
      Reviewed on Nov 18, 2017
    • PNB Metlife Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Metlife and the customer service was not experienced, also it was not used my myself. Coverage value was good one with the Metlife like around 10 lakh Rupees.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 14, 2017
    • PNB Metlife Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Metlife and the customer service is good , also the policy coverage and plan benefits are really good with them. I have not faced any claims with them till now.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 11, 2017
    • PNB Metlife Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      With PNB met life I got the life insurance policy for past 7 years. The customer support is good with PNB met life. I pay the premium of Rs,7000 in every 6mon this once. This policy has the tenure of 15years. The plan benefits and the coverage is good with this policy.
      Was this review helpful? 0
      , karaikudi
      Reviewed on Nov 06, 2017
    • 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
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      Service was good from PNB metlife ,one of my friend is working with PNB met life. She suggested me to invest in my life insurance ,so that was the reason for my insurance process ,till now I feel their service was good I did not find any issues with them till date.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 07, 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
      "Excellent Policy to use"
      0.5 4.5/5 "Excellent!"
      The Life insurance policy providing me all I need, I hold a PNB met life insurance for more than 2 years. The customer service is very good with PNB. This policy has the tenure of 40 years. I pay the premium of Rs.1130 per month, I do the payment through a credit card. The plan benefits and the coverage is very good with this policy . The cash returns also high in this policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 23, 2017
    • PNB Metlife Life Insurance
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the PNB metlife. Coverage value is up to the mark. Customer service aspects are also a good one . Response is also a good one with the PNB metlife. Basic life coverage value is also a good one when compared with others.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 22, 2017
    • PNB Metlife Life Insurance
      "Bad response"
      0.5 0.5/5 "Unacceptable"
      I have pnb Met Life Insurance policy, I have it since six years. I have faced that their customer service are very bad, less supporting staff even on call. They must have to train their staff how to talk with customers. If you have any personal relation in the company or staff than you can go, yet I would like to say that the plan is not that much attractive. It's just agent's jugglary....!
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 17, 2017
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