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PNB Metlife offers comprehensive term insurance plans that allow you to secure your family members financially after your demise. These plans come with a range of benefits and ensure to offer financial protection to your family and also offer peace of mind.
To understand how this plan will help secure your family's future and benefit you we have provided all the information that you need. Read further to know more about PNB Metlife Term Insurance Plan.
PNB Term Insurance comes with several unique features that allow the policyholder to be sure that their family's future is safe. Take a look at the below-mentioned features of the PNB Term Plans.
Before jumping on to the plans offered by PNB Term Insurance, take a look at some of the features that give an insight into the company's performance:
PNB Metlife Term plan allows the policyholder to enhance their coverage by adding several riders to their base plan. Below mentioned are the riders available under PNB Term Plan.
PNB MetLife Critical Illness Rider Plan protects the life assured and his/her family from serious illnesses that take a longer time to cure. The rider plan provides payment of an additional amount on the diagnosis of 10 critical conditions. This plan acts as an additional health cover under the base policy, where rider term and sum assured options are available to provide coverage as per your needs.
PNB MetLife Accidental Death Benefit Rider Plan offers additional coverage to cover the financial needs of the family in case of the unfortunate death of the policyholder (due to an accident). This rider offers payment of an additional amount should death occur as a result of an accident by outward violent and visible means (before age 60 years).
PNB Term Rider is an additional benefit that can be attached to the life insurance coverage to enhance the death cover of your policy.
PNB Metlife Waiver of Premium (WOP) Rider offers an additional benefit, which ensures that future due premiums are waived off in case of total and permanent disability of the life assured. The benefit can be purchased by paying a nominal extra premium over and above the base premium.
Buying PNB Metlife Term Plan is an easy and hassle-free process. For your convenience, we have explained the process of buying insurance plans online.
The claim process at PNB MetLife involves the following steps:
1. File a Claim
2. Submit Required Documents
In case of a death claim, the documents required are:
3. Claim Payout
Upon receipt of essential documents, the claims are processed within 30 days, if further investigations are not required.
In cases requiring follow-up investigation, claims will be processed within 90 days from the date of receipt of documents.
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Comprehensive Plan
Offers financial protection to your loved ones and gives the flexibility to customize the plan according to your needs.
Unique Features
Comprehensive Plan
The plan offers protection against terminal illness. It provides two cover options: Fixed Term Cover and Whole Life Cover, along with two rider options.
Unique Features
Standard Plan
The plan offers a monthly income and a lump sum benefit equal to 100 times the monthly income. Cover you spouse under the Joint Life Cover Benefit.
Unique Features
Standard Plan
The plan is a standard, simple pure protection term plan that comes with affordable premiums and offers Sum Assured up to INR 50 Lakhs.
Unique Features
Specialized Plan
A non-participating life insurance plan that provides guaranteed monthly income with the option to return premiums if no claim occurs.
Unique Features
Specialized Plan
The plan is a flexible life insurance offering a lump sum or monthly income with guaranteed payouts of up to 150% and tax benefits.
Unique Features
Comprehensive Plan
The plan provides guaranteed monthly income and returns a 100% premium on maturity, ensuring financial security for loved ones.
Unique Features
Term Plans are pure insurance plans where your life is covered at a very low cost and in case of a mishap, your nominees get the payout.
Yes, The claimant must submit the written intimation as soon as possible to enable the insurance company to initiate the claim processing. The claim intimation should consist of basic information such as policy number, name of the insured, date of death, cause of death, place of death, and name of the claimant.
Buying Term Insurance online will allow you to save time, compare and view plans at the click of a button and offer various payment options like net banking, credit/debit card, UPI, etc.
As per the time limits set by the Insurance Regulatory and Development Authority (IRDA) of India, insurers should settle death claims within 30 days. This condition applies to all claims where the insurer does not see the need to investigate the cause of death.
Yes, death due to natural calamities is covered under this plan. The nominee should ensure that death-related documentation is in place while raising a claim.
The total period can range from 10-40 years.
The extra amount will be adjusted against future premiums. The policyholder does not earn any interest on the excess premium paid.
PNB MetLife term plans come with a grace period of 30 days. If the premium is not paid within this period, the policy will lapse. In order to reactivate the plan again, the insured has to complete certain reinstatement requirements, which may include a few medical tests and additional charges.
To buy a PNB MetLife term insurance plan, you are required to submit:
Yes, as per the IRDAI, NRIs can invest in PNB Life Insurance policies.
To check the status of your policy, you need to login in with your User ID and password on the e-portal available on the company's website. Once done, the next screen will show you your policy details.
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Read what our customers have to say about PNB Metlife term insurance company
Piyush
Raipur
May 1, 2023
I seek help from PolicyX when it comes to purchasing any kind of insurance because they provide me with the best quotes and options for insurance
Sudhir Koul
Delhi
May 26, 2022
Very reliable company. I have bought PNB Metlife insurance, and I believe that this company will help me in my hard times.
neha singh
Cuttack
February 24, 2022
I am a single mother with 2 kids. I always think about the future of my kids. Thats why i invested in term insurance plan with PNB as their claim settlement ratio is good so i am sure that my m...
Nimrit
Chandigarh
February 18, 2022
Very satisfied with their team who is always available for help. Never worried about my money with them.
Ritu Verma
Delhi
February 10, 2022
I heard about this company from my friends and family who are already their customers and it is one of the best decisions as the company offers suitable plans for every need.
Sakhu Wati
Kanpur
November 17, 2021
Very reliable company. I have bought PNB Metlife insurance, and I believe that this company will help me in my hard times.
Vahisht Aggarwal
Delhi
October 18, 2021
Settled my claims within a month of my policy maturity. Super happy with the services and satisfied also.
Shweta Mittal
Jaipur
October 8, 2021
Got my claims settled in a week s time. So happy that PNB Metlife understands the needs of its customers
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