Family Income Protector Plus Plan vs Mera Term Plan Plus Term Insurance Plan 2026 | PolicyX

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A term plan that provides a regular monthly income after your demise.

If you support your family financially through your income, then undoubtedly, the comfort, happiness, and protection of your loved ones depend on you. But what if any mishap occurs to you? Such a scenario can strip your family of financial aid.

To ensure your family's income continues even after your demise, PNB MetLife Term Insurance has introduced the 'Family Income Protector Plus' plan. This unique non-linked term insurance plan protects your family from future uncertainties by providing a regular monthly income for up to 20 years. Additionally, if you outlive the policy term, the premiums paid will be returned to you.

The PNB MetLife Family Income Protector Plus plan offers a range of benefits, including:

  • Guaranteed Monthly Income
  • Choice of Plan Options
  • Return of Premium
  • Tax Benefits as per laws
  • Add-on Riders
  • Affordable Premiums
PLAN DETAILS

Family Income Protector Plus Plan

Mera Term Plan Plus

Premium Including GST
Key Features
(Key features of the plan)
  • Monthly Income for 20 yrs
  • Return of premium
  • Tax benefits
  • Comprehensive coverage
  • Plan enhancement options
  • Customizable plans
Plan Maturity age Maximum Maturity Age - 75 years Maximum Maturity Age - 70 years
Plan Sum Assured Basic Sum Assured: ₹14L to ₹1.4Cr. Basic Sum Assured: ₹₹5,000 per member to no limit
Plan Entry Age Minimum Age - 25 years Maximum Age - 60 years Minimum Age - 15 years Maximum Age - 65 years
Plan Payment modes Annual, Semi-Annual, and Monthly Annual, Semi-Annual, quarterly and Monthly
Plan Policy loan Policy loans are not available under the PNB MetLife Family Income Protector Plus plan. The policy loan is not available under PNB Metlife Mera Term Plan Plus.
Plan Sample Premium Rs 511-/ per month Rs 545-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum Term: 10 years, Maximum Term: 20 years Minimum term - 10 years Maximum term - 99- entry age
Claim Settlement Ratio (2024-25) 99.57% 99.57%
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

Riders

Riders Associated with PNB MetLife Mera Term Plan Plus

You can add the following riders to your PNB MetLife Mera Term Plan Plus:

PNB MetLife Serious Illness Rider

Get additional health coverage on top of the base cover in case of a diagnosis of any listed critical illnesses.

PNB MetLife Accidental Death Benefit Rider

Get an extra payout on top of base cover upon your unfortunate death due to an accident.

PNB MetLife Accidental Disability Benefit Rider

Get an extra payout on top of the base cover on total and permanent disability due to an accident.

PNB MetLife Critical Illness Rider

Get additional coverage if you are diagnosed with a pre-specified critical illness.

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