Pramerica Term
vs
Pnb Metlife Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Pramerica Term vs Pnb Metlife Term Insurance

Pramerica Term

Pramerica Life Insurance offers wide range of solutions to individuals as well as groups. They have PAN India presence with 137 branches.

Pnb Metlife Term Insurance

PNB Metlife is a joint venture between Punjab National Bank India and Metropolitan Life Insurance America. It offers several term plans and has 15,000+ offices in PAN India.

COMPANY DETAILS Edit Pramerica Life Term Insurance

Pramerica Term

Edit PNB MetLife Term Insurance Plans

Pnb Metlife Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

1495.39 Cr

Annual Premiums Collected (2023-24)

732.28 Cr
Payout Options

Payout Options

Lump sum, monthly, or a combination of both

Payout Options

Lump sum, monthly, or a combination of both
Claim ratio

Payout Options

98.8%

Payout Options

99.2%
Solvency Ratio

Solvency Ratio

4.1

Solvency Ratio

1.7
Pan India Presence

Pan India Presence

131

Pan India Presence

15000+
Riders Available

Riders Available

Accidental Death Benefit Rider, Accidental and Total Permanent Disability Rider, Critical Illness Rider, Waiver of Premium Rider

Riders Available

Accidental Death Benefit Rider, Terminal Illness Rider, Waiver of Premium Rider, Critical Illness Rider
Policy Term

Policy Term

10 to 30 years

Policy Term

10 to 40 years

Know More About Companies

Overview

Pramerica Term Insurance: Overview

Pramerica Life, established in year 2008 offers a vast range of insurance products to their customers. One such product is Pramerica Term Insurance. It offers high coverage at an affordable premium by ensuring that your family is financially protected by offering a lump sum payout in the event of death during the policy term.

What are some of the
Benefits
that set them apart?

  • Attractive premiums

  • Flexible premium payment option

  • Critical illness cover

  • Accidental death benefit

  • Premium waiver option

  • Long-term protection

  • Tax benefits

  • Additional rider to enhance protection

Riders

Riders You Can Avail With Pramerica term insurance Plans

Name of the Riders Benefits
Pramerica Life Accidental Death Benefit Rider Under this rider, if the policyholder dies after 180 days of the occurrence of the accident, an additional benefit equal to the rider sum assured will be payable to the nominee with immediate effect.
Pramerica Term Accidental and Total Permanent Disability Rider Under this rider, upon the policyholder’s disability due to an accident, a rider sum assured will be paid for the treatment and managing monthly expenses.
Pramerica Term Critical Illness Rider Under this Rider, if the policyholder is diagnosed with any of the listed 36 critical illnesses, a rider sum assured will be paid to the nominee.
Pramerica Term Waiver of Premium Rider IUnder Pramerica’s Life waiver of premium rider, if the policyholder is diagnosed with any of the listed 40 critical illnesses or is fully disabled due to an accident then all the future premiums of the ongoing term plan will waived off with immediate effect.

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PNB MetLife Term Insurance

Explore India’s best-selling Term insurance plans below

PNB Metlife is a joint venture between Punjab National Bank India and Metropolitan Life Insurance America. It offers several term plans and has 15,000+ offices in PAN India.

PNB Metlife Saral Jeevan Bima is a standard term insurance plan designed as per the guidelines of IRDAI. This plan is designed to provide pure protect...

Unique Features

  • Avail Family Protection
  • High Sum Assured
  • Flexible Premium Payment

PNB Metlife Saral Jeevan Bima (Pros)

PNB Metlife Saral Jeevan Bima
  • Avail Family Protection
  • High Sum Assured
  • Flexible Premium Payment

PNB Metlife Saral Jeevan Bima (Cons)

PNB Metlife Saral Jeevan Bima
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB Metlife Saral Jeevan Bima (Other Benefits)

PNB Metlife Saral Jeevan Bima
  • Choice of the policy term
  • Choice of premium payment term options
  • Protection for your family

PNB Metlife Saral Jeevan Bima (Eligibility Criteria)

PNB Metlife Saral Jeevan Bima
  • Entry Age -18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - ₹5L
  • Maximum Maturity Age - 70 years
  • Premium Payment Term - RP/SP/LP

PNB Metlife Aajeevan Suraksha Plan offers individuals a comprehensive life cover with a plethora of benefits and features embedded within the plan. Aa...

Unique Features

  • Flexible Premium Payment
  • Joint Life Cover
  • Whole Life Cover

PNB Metlife Aajeevan Suraksha (Pros)

PNB Metlife Aajeevan Suraksha
  • Flexible Premium Payment
  • Joint Life Cover
  • Whole Life Cover

PNB Metlife Aajeevan Suraksha (Cons)

PNB Metlife Aajeevan Suraksha
  • No Policy Loan Allowed
  • No Cover for Suicide
  • No Survival Benefit

PNB Metlife Aajeevan Suraksha (Other Benefits)

PNB Metlife Aajeevan Suraksha
  • Choice of Plan Options
  • Monthly Income Benefit
  • Inbuilt Cover Against Terminal Illness

PNB Metlife Aajeevan Suraksha (Eligibility Criteria)

PNB Metlife Aajeevan Suraksha
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 99 Yrs
  • Premium Payment Term - RP/SP/LP

PNB Metlife Mera Jeevan Suraksha Plan is designed to provide quality coverage in unforeseen circumstances. The plan not only includes death coverage b...

Unique Features

  • Return of Premium Benefit
  • Waiver of Premium
  • Terminal Illness Cover

PNB Mera Jeevan Suraksha (Pros)

PNB Mera Jeevan Suraksha
  • Joint Life Cover
  • Return of Premium
  • Terminal Illness Cover

PNB Mera Jeevan Suraksha (Cons)

PNB Mera Jeevan Suraksha
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB Mera Jeevan Suraksha (Other Benefits)

PNB Mera Jeevan Suraksha
  • High Sum Assured Rebate
  • Waiver of Premium
  • Add-on Riders

PNB Mera Jeevan Suraksha (Eligibility Criteria)

PNB Mera Jeevan Suraksha
  • Entry Age - 18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - ₹25L
  • Maximum Maturity Age - 80 years
  • Premium Payment Term - RP/SP/LP

'A Term plan that gives regular monthly income after your demise' If you support your family financially through your income, then undoubtedly, the co...

Unique Features

  • Monthly Income for 20 yrs
  • Return of premium
  • Tax benefits

PNB Metlife Family Income Protector Plus (Pros)

PNB Metlife Family Income Protector Plus
  • Monthly Income for 20 yrs
  • Return of premium
  • Tax benefits

PNB Metlife Family Income Protector Plus (Cons)

PNB Metlife Family Income Protector Plus
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB Metlife Family Income Protector Plus (Other Benefits)

PNB Metlife Family Income Protector Plus
  • Maturity benefit
  • Guaranteed monthly income
  • Freedom to choose benefits

PNB Metlife Family Income Protector Plus (Eligibility Criteria)

PNB Metlife Family Income Protector Plus
  • Entry Age -25 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - ₹14L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - RP/SP/LP

Are you the sole earning member of your family, and feel worried about what will happen in case of an emergency? Who will take care of all expenses? S...

Unique Features

  • Guaranteed Monthly Income
  • Return of 100% premium
  • Easy Enrollment

PNB MetLife POS Suraksha (Pros)

PNB MetLife POS Suraksha
  • Guaranteed Monthly Income
  • Return of 100% premium
  • Easy Enrollment

PNB MetLife POS Suraksha (Cons)

PNB MetLife POS Suraksha
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB MetLife POS Suraksha (Other Benefits)

PNB MetLife POS Suraksha
  • Easy enrollment process
  • Return of premiums on survival till maturity
  • Flexibility to pay premiums

PNB MetLife POS Suraksha (Eligibility Criteria)

PNB MetLife POS Suraksha
  • Entry Age -18 Years
  • Max Entry Age - 55 years
  • Minimum Sum Assured - ₹50k
  • Maximum Maturity Age - 65 years
  • Premium Payment Term - RP/LP

PNB Metlife has launched the PNB MetLife Loan and Life Suraksha Plan, offering life insurance along with protection for your mortgage, educational, pe...

Unique Features

  • Dual Coverage option
  • Joint Life option
  • Moratorium Period

PNB MetLife Loan and Life Suraksha (Pros)

PNB MetLife Loan and Life Suraksha
  • High-life cover
  • Loan Coverage
  • Flexible premium payment

PNB MetLife Loan and Life Suraksha (Cons)

PNB MetLife Loan and Life Suraksha
  • 1 year WP for suicide
  • Death due to adventure sports
  • No pre-existing illness cover

PNB MetLife Loan and Life Suraksha (Other Benefits)

PNB MetLife Loan and Life Suraksha
  • Reducing Cover Option
  • Tax benefits
  • Level Cover Option

PNB MetLife Loan and Life Suraksha (Eligibility Criteria)

PNB MetLife Loan and Life Suraksha
  • Entry age - 15 years
  • Max entry age - 65 years
  • Min sum assured - 5 Thousand
  • Max maturity age - NA

PNB MetLife Mera Term Plan Plus is a comprehensive pure protection plan that helps you protect your family financially upon your sudden demise. Under ...

Unique Features

  • Comprehensive coverage
  • Plan enhancement options
  • Customizable plans

PNB Metlife Mera Term Plus (Pros)

PNB Metlife Mera Term Plus
  • Spouse Coverage
  • Return of Premium
  • Life Stage Benefit

PNB Metlife Mera Term Plus (Cons)

PNB Metlife Mera Term Plus
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB Metlife Mera Term Plus (Other Benefits)

PNB Metlife Mera Term Plus
  • Child Education Support Benefit
  • Step-up Benefit
  • Whole Life Cover

PNB Metlife Mera Term Plus (Eligibility Criteria)

PNB Metlife Mera Term Plus
  • Entry Age -18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - ₹25L
  • Maximum Maturity Age - 99 years
  • Premium Payment Term - RP/SP/LP
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.