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Mera Term Plan Plus
545-/ per month
VS
Flexi Term Pro Plan
650-/ per month
| PLAN DETAILS |
Mera Term Plan Plus |
Flexi Term Pro Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 99 years | Maximum Maturity Age - 99 years |
| Plan Sum Assured | Basic Sum Assured: ₹25L to no limit. | Basic Sum Assured: ₹25 Lakhs to no limit. |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 60 years | Minimum Age - 18 years Maximum Age - 65 years |
| Plan Payment modes | Annual, Semi-Annual, and Monthly | Annual, Semi-Annual, Quarterly, and Monthly |
| Plan Policy loan | The policy loan is not available under PNB Metlife Mera Term Plan Plus. | The policy loan is not available under Bharti AXA Life Flexi Term Pro Plan. |
| Plan Sample Premium | Rs 545-/ per month | Rs 650-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 10 years Maximum term - 99 years | Minimum term - 5 years Maximum term - 50 years |
| Claim Settlement Ratio (2023-24) | 99.2 | 99.18 |
|
PNB Metlife Mera Term Plan Plus Bharti AXA Term Insurance Plans |
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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.
PNB MetLife Mera Term Plan Plus is a comprehensive pure protection plan that helps you protect your family financially upon your sudden demise. Under the Life or Life Plus plan option, you can choose between a whole life cover of up to the age of 99 years. The plan offers three plan options that allow you to select the level of protection: Life, Life Plus, & Life Plus Health.
| Plan Options | Death Benefit | Terminal Illness | Waiver of Premium | Accelerated Critical Illness |
| Life | Yes | No | No | No |
| Life Plus | Yes | Yes | Yes | No |
| Life Plus Health | Yes | Yes | Yes | Yes |
Besides the plan options, you can opt for spouse coverage or the return of premium option under each variant. With the spouse coverage benefit, you can get coverage for both the husband and wife under a single plan. If you want a maturity benefit, you can add a return of premium option and get back all your premiums paid once you survive till the end of the policy term.
The plan offers different cover enhancement options that allow you to increase the sum assured amount as per the increasing responsibilities: Step-Up, Life Stage, and Child Education Support Benefit.
PNB MetLife Mera Term Plan Plus offers you a range of benefits including:
You can add the following riders to your PNB MetLife Mera Term Plan Plus:
Get additional health coverage on top of the base cover in case of a diagnosis of any listed critical illnesses.
Get an extra payout on top of base cover upon your unfortunate death due to an accident.
Get an extra payout on top of the base cover on total and permanent disability due to an accident.
Get additional coverage if you are diagnosed with a pre-specified critical illness.
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