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PNB MetLife Mera Term Plan Plus Insurance Eligibility

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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

The features of PNB MetLife Mera Term Plan Plus include:

  1. Plan Options: PNB MetLife Mera Term Plan Plus comes with three options. These are Life, Life Plus, and Life Plus Health.

  2. Premium Payment Method: Premium payment method for PNB MetLife Mera Term Plan Plus is quite convenient. Without getting involved in any kind of paperwork, you can pay the policy premium via credit card, debit card and other means.

  3. Premium Payment Frequency: Under PNB MetLife Mera Term Plan Plus, frequencies for premium payment include one-time, throughout the policy, for a limited term, or till 60 years.

  4. Coverage Period: PNB MetLife Mera Term Plan Plus provides coverage till the age of 99 years even if the policyholder chooses to pay premium for a limited period.

  5. Base Sum Assured: The minimum sum assured under PNB MetLife Mera Term Plan Plus is Rs. 25 Lakh. The maximum sum assured has no limit. It is subject to Board Approved Underwriting Policy.

The eligibility criteria for PNB MetLife Mera Term Plan Plus is as follows:

Parameter

Minimum

Maximum

Age at Entry (yrs)

18

60 (55 if \'Pay till Age 60\' is chosen as PPT)

Age at Maturity

Without RoP

28

Life, Life Plus : 99

Life plus Health : 75

With RoP

28

75

Sum Assured (Rs.)

25,00,000

No limit, subject to Underwriting

Premium (Rs.)

On the basis of Basic Sum Assured, Entry Age, Policy Term, Premium payment term, Smoker Status, Benefit Option, Cover Option and Return of Premium Option chosen

Premium Paying Term (yrs)

  • Single pay
  • Limited pay (5, 10, 15, 20 or Pay till Age 60)
  • Regular Pay

The Minimum allowed Policy Term for Limited pay option is Premium Payment Term plus 5 years

Policy Term (yrs)

10

Without RoP:

Life, Life Plus: 99 - Age at entry

Life Plus Health: 75 - Age at entry

With RoP : 40

PNB MetLife Mera Term Plan Plus Brochure

  • 358.33 KB
  • PDF Document
  • Jun 28, 2021

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