PNB MetLife Term Insurance

Why PNB MetLife?

Punjab National Bank, one of the oldest and leading national banks of India, has its branches across 107 locations in the country, providing protection along with life coverage amounting to more than 5,00,000 crores. With more than 100 million satisfied customers, PNB MetLife is aiming to help all with their financial and personal targets/goals at every stage of their life. In this scenario, the needs of people are transforming at a very fast pace, which is why PNB MetLife aims to help its customers to manage whatever changes will be incurred in life in the next 150 years or so.

Types of Term Insurances in PNB MetLife

1. PNB MetLife Aajeevan Suraksha Plan

• PNB MetLife Aajeevan Suraksha Plan offers protection (up to the age of 99) along with the option of choosing your premium payments based on your present scenario and choice.
• Offers to Choose to stay protected for either for Whole of life or for a Fixed-term
• Also offers Joint life cover

Eligibility of PNB MetLife Aajeevan Suraksha Plan

Minimum age: 18 years

Maximum age: 65 years

Benefits of PNB MetLife Aajeevan Suraksha Plan

• Choice of protection: You can choose either to stay protected for your whole life or for a fixed time period with coverage up to 99 years of age or from 10-40 years.
• Payment Options: You can choose to pay premiums either in single mode or in multiples for a term of 5-15 years.
• Customizing your term plan: 4 options
• Lump-Sum: Death benefit paid as lump sum
• Life Partner: Option to cover spouse under this policy
• Fixed Income
• Increasing Income
• Additional benefits: PNB MetLife Aajeevan Suraksha Plan offers additional cover against Terminal illness, along with maturity benefit.

2. PNB MetLife Mera Jeevan Suraksha Plan

PNB MetLife Mera Jeevan Suraksha Plan is not limited to providing financial support in your absence.  This plan offers support in meeting all the possible expenses and needs at any point of time in life without affecting the quality of life. 

Eligibility criteria of PNB MetLife Mera Jeevan Suraksha Plan

Minimum Age: 18 Years

Maximum Age: 65 Years

Benefits of PNB MetLife Mera Jeevan Suraksha Plan

• Choice of protection: You can avail the benefit of protecting your family either with option 1 of lump-sum or with option 2 of life partner benefit.
• Tax benefits: MetLife Mera Jeevan Suraksha Plan offers you tax benefits both in paid premiums and availed benefits. 
• Higher sum assured benefit: By choosing this option, special premium rates are offered by the policy. Assured sum options are Rs 25 lakhs – Rs 49.99 lakhs, Rs 50 lakhs – Rs 99.99 lakhs, Rs 1 crore – Rs 1.99 crore, and more.

3. PNB MetLife Income Protector Plus

• PNB MetLife Income Protector Plus offers financial stability to your family in your absence with just three simple steps for enrollment. 
• Offers guaranteed monthly income facility.

Eligibility criteria of PNB MetLife Income Protector Plus

• Minimum Age: 25 Years

• Maximum Age: 60 Years

Benefits of PNB MetLife Income Protector Plus

• Choice of tenure: Offers guaranteed monthly income up to 20 years for your family in your absence along with offering you to choose the policy tenure.
• Choice of monthly income: Flexible monthly income options of Rs 10,000, Rs 25,000, Rs 50,000, Rs 75,000 & Rs 100,000
• Returns on premiums: Receive 110% of the base premium paid back at the end of the policy tenure.
• Tax benefits: Offers you tax benefits both in paid premiums and availed benefits. 

4. PNB MetLife Saral Jeevan Bima

PNB MetLife Saral Jeevan Bima is a pure term plan policy as per the Insurance Regulatory & Development Authority of India (IRDAI). Across all the insurers, this policy comes with the same offerings and same terms. 

Eligibility of PNB MetLife Saral Jeevan Bima

• Minimum Age: 18 Years

• Maximum Age: 65 Years

Benefits of PNB MetLife Saral Jeevan Bima

• Choice of policy terms: You can choose the protection for a fixed period ranging from 5 years to 40 years. 
• Premium payment options: This policy offers you to pay premiums either in a single go or throughout the policy tenure.

5. PNB MetLife - POS Suraksha

• PNB MetLife- POS Suraksha offers regular monthly income along with an easy enrollment option ensuring the complete financial stability of your family.  
• Return of Premiums on survival till maturity
• Easy enrolment process

Eligibility of PNB MetLife - POS Suraksha

• Minimum Age: 18 Years

• Maximum Age: 55 Years

Benefits of PNB MetLife - POS Suraksha

• Flexibility: With POS Suraksha, you can customize your policy payment term from 5 years to 15 years. 
• Guaranteed Benefits: This term plan offers benefits with a guarantee ensuring transparency. 
• Tax Benefits: Offers you tax benefits both in paid premiums and availed benefits. 

Frequently Asked Questions (FAQs)

1. Why should one go for PNB MetLife term insurance?

PNB MetLife aims to help its customers with their financial and personal targets/goals in every stage of their life along with managing whatever changes will be incurred in life in the next 150 years or so.

2. What is PNB MetLife – POS Suraksha?

PNB MetLife – POS Suraksha is a non-linked, life insurance plan offering regular income for your family in your absence. 

3. What are the maturity benefits of PNB MetLife Saral Jeevan Bima?

PNB MetLife Saral Jeevan Bima offers no maturity benefit to its customers till the end of its policy. 

4. What are the death benefits of PNB MetLife Mera Jeevan Suraksha Plan?

Death or Terminal Illness Benefit of this plan includes 4 options:

Option 1: Lump-sum

Option 2: Life partner

Option 3: Fixed income

Option 4: Increasing income

5. What does PNB MetLife Mera Jeevan Suraksha Plan offer?

• Option to get protection against terminal illness
• Option to have your money back in case of survival at the time of maturity with ‘The Return of Premium’ option.
• Tax benefits on paid premiums and offered benefits
• Family protection

6. What are the rider's benefits of the PNB MetLife Aajeevan Suraksha Plan?

• PNB MetLife Accidental Death Benefit Rider Plus 
• PNB MetLife Serious Illness Rider 

Riders option is only available with the Single Pay, Regular Pay and Limited Pay mode with Premium Payment Terms of 5 years, 7 years, 10 years, 12 years, and 15 years.