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PNB MetLife Term Insurance Benefits

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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

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.

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
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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
1.5 Crore
2 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.4%
Starting From 1398/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Special Exit Benefit
  • Right Green Tick Terminal illness
  • Right Green Tick Accidental Death
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.7%
Starting From 1132/Month
Key Features:
  • Right Green Tick Special Exit Benefit
See More Plans

User Reviews

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What users are saying
  • All
  • Easy Claim

    My term plan from PNB Metlife matured recently. I bought this plan from InsuranceDekho after a recommendation from a family friend. The claim process was smooth, and they assisted me at every point. I received the money quickly.

    M
    PNB MetLife
    By Manish Mittal
    On: Jun 20, 2024
  • Easy and Smooth Process

    I just bought my PNB MetLife Insurance through InsuranceDekho. I am very happy and the process was very smooth experience. The customer team of InsuranceDekho helped me in explaining the details and coverages. I got the best term insurance plan. Thankyou Insurancedekho.

    R
    PNB MetLife
    By Rani Kumari
    On: Mar 04, 2024
  • Home Guidance

    The insurance experts of the InsuranceDekho company are highly skilled and friendly. The insurance team of professionals came to my house and helped me through all the term insurance policies. After understanding the benefits and disadvantages of all the term insurance plans, I bought the PNB Metlife Term Insurance Plan from their online plan. Thankyou InsuranceDekho!

    L
    PNB MetLife
    By Lovekesh Mathur
    On: Jan 30, 2024
  • Flexibility of Time

    InsuranceDekho is the best online insurance company. I have suggested their website to everyone. I thank the customer service team of the Insurancedekho company for helping me in the complete process. I had a great time buying PNB MetLife term insurance through your online platform.

    P
    PNB MetLife
    By Priyanka Thakur
    On: Dec 05, 2023
  • Educational Resources for Term...

    I am very happy with the PNB MetLife Term Insurance Policy. InsuranceDekho provides valuable educational resources about term insurance. It's a platform for making well-informed financial decisions.

    R
    PNB MetLife
    By Radhika Sharma
    On: Nov 08, 2023
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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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FAQs

  • 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.