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PNB MetLife Term Insurance Benefits

166 reviews Rate This
PNB MetLife Term Insurance
Highlights
Claim Settlement Ratio98.17%
Customer Care10:00 AM to 7:00 PM
Death Benefit Paid For4,241 Policies
Inception2001
Presence107 Locations
Total Death Benefit PaidRs. 235.11 Crore

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Choose required coverage to secure your family’s future

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best PNB MetLife Term Insurance Plans

1 Crore
2 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.51%
Starting From ₹ 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹97.84%
Starting From ₹ 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
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Benefits of PNB MetLife Term Insurance

PNB MetLife Term Insurance Plans are specifically designed to look after your family members even in your absence, by providing them with the much needed financial protection in order to meet their daily expenses and other financial goals. The life insurance company, after taking into consideration every life stage that you and your family goes through, has designed comprehensive term plans to ensure that all the expenses and needs of your family are met at any point in life without negotiating on the standard of living.

Why To Buy PNB Metlife Term Insurance?

PNB MetLife term Insurance plans offer various kinds of benefits to their customers, some of them are highlighted below:

  • Maximum Sum Assured: PNB MetLife term plans are cost-effective plans that offer a high sum assured at a nominal premium amount. The plans offer all-around protection to your family members even in your absence. Also, it is advisable to buy term plans earlier in life, to pay a lower premium amount towards the plan purchased.
  • Payout Flexibility: The expenses and living standard of your family members are completely taken care of, with the different payout flexibility modes offered to the customers by the PNB MetLife insurance company.
  • Multiple Add-On Covers: With PNB MetLife Term Insurance Plans, not just death benefit is offered in the event of unfortunate death of the policyholder but with its customizable features, the benefits and coverage of the term plan can also be extended. Various features that can be added include accidental death cover, terminal illness cover, disability cover etc.
  • Flexible Tenure: Since there is no savings component in a term plan, hence, it is not compulsory to remain invested for a longer-term. The tenure of PNB MetLife term insurance can be mapped out as per your life needs. As opposed to investment-focused life insurance plans, the benefits of a term plan can be reaped even with shorter durations.
  • Tax Benefits: According to Income Tax Act 1961, section 80 C, premium payable towards the term insurance plan is exempted from tax.
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PNB MetLife Term Insurance User Reviews

4.6
Rating based on
166 User reviews
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What users are saying
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  • User-Friendly Website

    The InsuranceDekho website is very user-friendly. I could easily compare different term insurance options and ...

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    N
    PNB MetLife
    By Nidhi Raut
    On: Oct 30, 2023
  • A Partner for Life's Uncertain...

    InsuranceDekho has become a partner for life's uncertainties. Their PNB MetLife Term Insurance- Mera Term Plan...

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    K
    PNB MetLife
    By Komal Pant
    On: Oct 18, 2023
  • Hassle-Free Claims Process

    While I haven't had to make a claim yet, InsuranceDekho's reputation for a smooth and hassle-free claims proce...

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    J
    PNB MetLife
    By Jitin Thinda
    On: Sep 25, 2023
  • Tailored to My Needs

    I appreciate how InsuranceDeko allows me to customize my PNB MetLife Term Insurance Policy to fit my specific ...

    Read More
    R
    PNB MetLife
    By Rachit Mehra
    On: Sep 15, 2023
  • Coverage Continuation After Po...

    I was very worried as my PNB MetLife Term Insurance Policy lapsed due to non-payment of premiums, But Insuranc...

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    N
    PNB MetLife
    By Neerja Singh
    On: Sep 12, 2023
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Explore PNB MetLife Term Insurance

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  • Tax benefit upto 1,50,000*
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PNB MetLife Term Insurance Contact Details

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Claim Process at PNB MetLife Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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FAQ About PNB MetLife Term Insurance

  • Why should I choose the PNB MetLife term insurance plan?

    PNB MetLife Insurance is a reliable life insurance provider. It featured a staggering claim settlement ratio of 97.18% in the FY 2019-20. Another feather in its cap is that it provides high long-term coverage which is available for policyholders till the age of 85 years.

  • Can I get PNB MetLife term insurance plan cover if I am a smoker or use tobacco?

    Yes, However, smoker premium rates are higher as compared to non-smoker rates.

  • What is the toll-free customer care number of PNB MetLife Insurance?

    The 24x7 toll-free number of PNB MetLife Insurance is 1800-425-6969. 

  • What is the Claim Settlement Ratio of PNB MetLife Insurance company Limited?

    PNB MetLife featured an impressive claim settlement ratio of 97.18% in the FY 2019-20.

  • What is the grace period of the PNB Metlife Insurance company?

    A grace period of 30 days from the premium due is allowed according to the guidelines by the Insurance Regulatory Authority of India.

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