PNB Metlife Mera Term Plus
- Comprehensive coverage
- Plan enhancement options
- Customizable plans
Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.
Raj Kumar has more than a decade of experience in driving product knowledge and sales in the health insurance sector. His data-focused approach towards business planning, manpower management, and strategic decision-making has elevated insurance awareness within and beyond our organisation.
Updated on Apr 08, 2025 4 min read
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:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 99 years
Minimum term - 10 years Maximum term - 99 years
Basic Sum Assured: ₹25L to no limit.
The policy loan is not available under PNB Metlife Mera Term Plan Plus.
Annual, Semi-Annual, and Monthly
Let's understand how the PNB MetLife Mera Term Plan Plus works with a simple premium illustration.
Ajay, 30 years old, is looking for a term plan for their whole life and a return of premium option.
His financial advisor advised him to buy the PNB MetLife Mera Term Plan Plus Work. He visited PolicyX.com.
Let's understand how the PNB MetLife Mera Term Plan Plus works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,278/month | ₹15,336/year | 30 years | ₹4,60,080 | ₹1 Crore |
Key Takeaways: Ajay gets complete protection up to the age of 99 years. In case he outlives the policy term, he'll receive a maturity benefit. On the other hand, if he passes away during the policy term, a lump sum death benefit shall be payable to the nominee.
Here are the benefits associated with the PNB Metlife Mera Term Plus
On your sudden demise during the policy term, the sum assured amount as death benefit shall be payable to the nominee as per the benefit payout option chosen by you. Please note that the death benefit shall not be payable in case the terminal illness benefit has previously been paid.
Once the Policy matures at the end of the policy term and all due premiums have been paid, the maturity benefit shall be payable to you. Please note that the maturity benefit is only applicable when you opt for the ‘Return of Premiums’ option. You can opt for the return of premium option at policy inception in exchange for additional premiums.
You can opt for the return of premium benefit at policy inception in exchange for additional premiums. Under this option, the maturity benefit equal to the premium paid till the end of the policy term shall be payable to you. This option comes with a maximum policy term of 40 years or a maturity age of 75 years last birthday, whichever is earlier.
In this option, you can get coverage for both the husband and wife under a single plan in exchange for additional premiums. For this benefit, the spouse is known as the “Second Life,” and you are referred to as the “First Life”.
The step-up option is available at the time of policy purchase in exchange for additional premiums. It allows you to enhance your basic sum assured amount without undergoing any further medical examination. Once this benefit is chosen, the step-up sum assured is added at every policy anniversary, starting from the first policy anniversary for the next 10 years.
In this Benefit, you can increase your sum assured amount at certain important life stages. You can opt for the life stage sum assured without having to undergo any further medical examination.
With the Child Education Support Benefit, you can increase the sum assured amount to save for your child's education. It is only available at policy inception in exchange for additional premiums. The sum assured is equal to the outstanding cost of education and is reduced at each policy anniversary.
PNB Metlife Mera Term Plan Plus
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.
Here is the list of exclusions associated with the plan:
PNB MetLife Mera Term Plan Plus is a family protection plan that allows you to stay protected with a life cover up to the age of 99 years. It protects against death, disability, or disease and offers additional options, such as spouse coverage and return of premium option.
If you want to know more about the plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
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
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
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
'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
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
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
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
4.6
Rated by 856 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
2390-17290585034248-1733811776.webp)
Do you have any thoughts you’d like to share?