PNB Metlife Term Insurance

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.

Term life insurance has no cash value, so if you outlive or cancel your policy, there's no refund or surrender value.

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.

If the policyholder is diagnosed with any of the pre-specified critical illnesses during the policy term, (s)he is liable to receive 25% of the sum assured immediately as a lump sum amount.

Yes, NRIs are eligible to purchase the company's term plans. The policies are Rupee-denominated and the premiums and claim amounts are payable in Indian Rupees.

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:

• Identity proof & Address proof such as your Passport, Aadhar card, Driving License, Voter ID can be used as ID proof and address proof.
• Income Proof such as an income tax return, last 3 months salary slip, bank statement of 6 months, and Form 16.

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.

Yes, you have the option of appointing several nominees. At the time of the death benefit payout, the amount will be distributed equally among the chosen candidates.