PNB MetLife India Insurance

Claim Settlement Ratio - 96.21%*
*Data according to IRDA Annual Report (2018-19)
*Please note that the quotes shown will be from our partners

PNB MetLife Insurance Company

PNB MetLife India Insurance Company Limited (PNB MetLife) is a life insurance company in India. It is a joint venture between MetLife International Holdings Inc. (MIHI), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, with MIHI and PNB being the major shareholders. Earlier known as MetLife India, PNB MetLife is present in India since 2001.

PNB MetLife blends the financial strength of MetLife, Inc., life insurance company and credibility of PNB, one of India's nationalized banks. The vast distribution reach of PNB along with the global life insurance expertise and product range of MetLife makes PNB MetLife a trusted insurance company. At present, PNB MetLife is present in more than 120 locations throughout the country and serving customers across 7,000 locations through its partnerships with PNB, JKB and Karnataka Bank Limited.

PNB MetLife offers a wide array of protection and retirement products through its Agency sales of more than 15,000 financial advisors and multiple bank partners. It's corporate office in located in Gurgaon and headquarter located in Bangalore.

PNB MetLife Insurance Plans

PNB MetLife Plan

Plan Type

Entry Age

Maximum Maturity Age

Policy Term

Minimum Sum Assured

MetLife family Income Protector Plus

Term Plan (Return Of Premium option available)

25 – 60 years(55 years for 20 years policy term)

75 years

10, 15, 20 years

Rs. 95,00,000/-

MetLife Mera Term Plan

Pure term Plan

18 – 65 years

75 years

10 – 40 years


MetLife Smart Platinum

Unit Linked Insurance plan

7 – 70 years

99 years


Subject to underwriting

Met Smart Child Plan

Unit Linked Child Insurance Plan

18 – 55 years (for proposer)

90 days – 17 years (for child)

Till the end of the policy term

10, 15, 20 years

10 times annualized premium

Met Money Income Plan- 10 pay

Non- linked Participating Endowment Plan

18 – 55 years

65 years

10 years

Rs. 1,500/- per month

MetLife Money Back Plan

Money Back Plan

13 – 55 years

65 years

10 years

Rs. 2,50,000/-

Met Life Dhan Samriddhi Plan

Unit Linked Insurance Plan

8 – 65 years


10 years

10 times your single premium

MetLife Smart Plan

Unit Linked Insurance Plan

3 months – 65 years

75 years

10 – 20 years

5 times the single premium for first year and 1.25 times your single for the remaining policy term

MetLife Bachat Yojna

Traditional Life Insurance Plan

20 – 60 years

75 years

15 years


Metlife Bhavishya Plus

Traditional Life Insurance Plan

20 – 45 years

69 years

12 – 24 years

Rs. 92,320/-


PNB MetLife Mediclaim Product Portfolio

PNB MetLife Plans are innovative and cater to individual and group customers and are categorized into the following:

PNB MetLife Term Plans

These are pure life insurance plans that give you a higher life cover and ensure that all your liabilities are covered. They are high on the protection component.

  • Met Family Income Protector Plus

PNB MetLife ULIP Plans

These are wealth plans that have dual advantage of life cover and wealth optimization. They also provide you a number of flexibilities and fund options to choose from.

PNB MetLife Child Plans

PNB MetLife child policies help you plan your child’s future, so that you can fulfil all your child’s needs without facing any financial hindrances.

  • Met Smart Child
  • Met College Plan

PNB MetLife Pension Plans

These pension plans aim to give you a tension free old age.

  • Met Monthly Income Plan – 10 Pay

PNB MetLife Investment Plans

These are savings plans that help you to realize different milestones in your life by provisioning for your future.

  • Met Money Back Plan
  • Met Dhan Samriddhi
  • Met Smart One
  • Metlife Bachat Yojana
  • MetLife Bhavishya Plus

To explore the best insurance plan that suit your needs compare all PNB MetLife insurance plans from other life insurance companies in India.

PNB MetLife Distribution Network:

Since its inception PNB MetLife insurance company has built its presence in over 600 cities and distributes its products through its 29 bank partners across retail and group business, strong broker network and an agency force of over 30,000 financial advisors.

You can also buy their products online through insurance aggregators.

PNB MetLife Life Insurance - FAQ

  • 1. How to pay premium? What are the modes of payment available?

    PNB Metlife provides the following modes for paying premium:
    • Online mode
    • Cash or cheque deposit at branch office
    • Through courier
    • Drop Box facility
    • ECS or Auto Debit facility

    For online premium payment, login to your account with Client ID and password, and click on the ‘Pay Premium’ tab for completing the process.

  • 2. How can I check policy status?

    You can check your policy status by login in with your User ID and password on the e-portal. There is a policy details tab, wherein the status of the policy can also be checked.
  • 3. What is the policy renewal process?

    You need to submit the required documents along with renewal form at any of the nearest PNB Metlife branches in your city.
  • 4. What is the company’s process to settle claim?

    The company’s claim policy requires you to intimate the company about the claim policy by letter, fax, or email.
    • Directly through any of the PNB Metlife branch offices
    • Through Advisors
    • Through claims department in the head office
    • Through regional service team

    Once all the required documents are submitted (list of documents can be found on the website) and the same is verified the claims are settled within 30 days of receipt of the same.

  • 5. What is the policy cancellation process?

    The company’s cancellation process requires you to duly fill and submit a surrender form along with policy documents to any of the PNB Metlife branches in your city. After receiving the documents and the necessary amount for cancellation, the policy will be cancelled on record for the particular policyholder.

PNB MetLife Insurance - Latest News

    • PNB Metlife Inked a Tie-up with Bank of Bahrain and Kuwait

      One of the well-known private sector insurance providers PNB MetLife has collaborated with the Bank of Bahrain and Kuwait in order to sell group insurance and retail products of the firm to the customers of foreign banks in India.

      In this tie-up, PNB MetLife will provide a wide range top class and advanced insurance solution to BBK’s India customers spread across its various branches.

      As per the statement of PNB MetLife the company will offers its insurance product across, health, protection, saving, rural and wealth plan to the customers.

      PNB MetLife is a joint venture between the MetLife International Holding, Punjab National Bank, M Pallonji Company Private, Ltd Jammu and Kashmir Bank and other private and investors.


      PNB MetLife has recently received the Celent Model Insurer Asia 2016 Award. The award ceremony took place on 21st April, 2016, in Singapore. The company has shown promising commitment towards delivering a total customer-centric experience via mobile related eCommerce Sales platforms with a user interface that is best in class. This commitment of the company has opened up new opportunities to serve the customers better. The eCommerce sale of Mera Term Plan, the traditional life insurance plan offered by PNB MetLife, is fully loaded with Core IT systems and it also allows hassle-free customer on-boarding.

      PNB MetLife, one of the leading private Life Insurance players in India, has recently launched a brand new website that provides the customers with the flexibility to customize the self service option, commonly used by them. The Website is loaded with personalized tools, calculators, product infographics and educative articles. The website also revamps the facility for the customers to make their own decisions through life stage based solutions.

    • PNB MetLife Appoints New Chief Information Officer

      PNB MetLife India Insurance Company has appointed Samrat Das as the new Chief Information Officer (CIO) of the company.Before joining PNB MetLife, Samrat Das was the CIO of Tata AIA Life Insurance Company. He started his career as a business analyst with a pharmaceutical Company. Then he joined Fidelity International Company as the Associate Direct of technology. He also worked at SBI Life Insurance Company as the Assistant Vice President- IT.

      PNB MetLife a joint venture between MetLife (a global life insurance provider) and PNB (a nationalized bank in India). It has a widespread reach over 7000 locations across the country. The company sells a wide range of insurance plans in India. PNB MetLife has also made some significant changes like handing over the digital duties to Social Kinnect. Now the Mumbai-based digital Marketing agency will take care of all the works related to the search engine optimization and social media management of the company.

    • PNB Metlife Launches Virtual Reality Based Customer Service Platform in India

      PNB Metlife, one of the leading private life insurance companies in India, has launched a VR-based i.e. virtual reality based customer service platform. In order to avail the services, the customers are required to wear the VR headset while visiting the PNB Metlife branches. An insurance expert will assist the customers in this process based out of another location.

      The company has stated that the virtual reality based customer service platform will display all the policy related information that will occupy customers through visual assist mediums like animations, infographics, etc.

      Mr. Nilesh Sathe, a member of IRDAI has said that this VR-based customer service platform is first-of-its-kind in the insurance market. This customer service platform will be initially introduced in 15 branches across 10 cities in India which include Delhi, Hyderabad, Kolkata, Mumbai, Bengaluru, Chandigarh, Jammu, Pune, Ahmedabad and Lucknow.

      Further in the conversation, Mr. Tarun Chugh, the managing director and CEO of PNB Metlife has stated that the company will extend its VR facility to all 130 branches in phases and finally to customers’ home. Moreover, irrespective of rural or urban areas the company has promised to provide its best services to the consumers.

Written By: PolicyBazaar - Updated: 21 October 2020
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 123 Reviews)
Sign up for newsletter
Sign up our newsletter and get email about term plans.
PNB MetLife India Insurance Reviews & Ratings
4.3 / 5 (Based on 123 Reviews)
(Showing Newest 25 reviews)
Adalaj, March 20, 2019
Best Insurance
Life insurance for a stress free life: I was planning for a pension plan for my father since long but wasn’t sure which insurer to go for. Finally, I landed on the portal of Policybazaar which actually helped me go through the returns, premiums, inclusions and exclusions of numerous insurers in a few minutes.
Adimali, March 19, 2019
Covers individual up to 99 yr.
After lot of research I found PNB Metlife Ulip Plan for myself because of its unique feature. It covers the individual for up to 99 yr. of age. Different from other insurance plans.
Chennai, October 18, 2016
PNB Term plan
PNB metlife life insurance is the company from which i bought term insurance policy. The policy coverage is high and premium is less. Claiming is simple and online renewals make so simple through online portal. The inbuilt benefits are awesome which makes policy perfectly for everybody.
Bikaner, October 18, 2016
My son purchase a pension policy plan for me. The terms and conditions of the policy is really very good and beneficial. The investment is also low and the returns are high. Service is quick and all updates are mailed timely.
Ahmednagar, October 18, 2016
Child Future Plan
I purchased a child insurance policy for my child which has low premiums and the service provided by the pnb metlife life insurance company is fantastic. Online renewals makes more easy due good service of online portal which is very simple and easily accessible.
Amritsar, September 26, 2016
Quality Product
First i thought the insurance is not very important like many other think but then my colleague introduce me a insurance policy which is not good for me but for my whole family. I buy it instantly without a second thought. I really am happy to have a pnb metlife ulip insurance policy.
Kurukshetra, September 26, 2016
Worth It
I invested my savings with pnb metlife life insurance by purchasing traditional insurance policy plan. Policy coverage is good and the premiums are less. Service provided is nice and on time. Claims are easy to get by executives help and the online renewals are the best.
Durgapur, September 26, 2016
Beneficial Policy
PNB metlife life insurance is my term insurance policy insurer. I got it in very low investment which facilitate me very big in return. Service is fabulous provided by the executives of the insurance company. Coverage and claims are huge and easily get.
Bhiwadi, August 25, 2016
Term plan
The term insurance policy i have purchased from pnb metlife insurance company. Service provided is fast and claims are even better. Online renewals are the best thing which makes more easier way to continue the plan. It reduces paperwork and documentation.
Aligarh, August 25, 2016
Retirement plan
I buy pension insurance policy and the policy covers is maximum in low premiums. Claiming procedure is simple and service facilitated by the executives is fantastic. Updates are mailed regularly to me regarding insurance policy.
Jamnagar, August 25, 2016
Child Care
Best child insurance policy which has maximum benefits in low premium. The insurer is pnb metlife life insurance. Service provided by them is fabulous and on time. Policy coverage is ~90% and the claims is easily sanctioned.
Dwarakanagar, July 26, 2016
Metlife ulip plan
Ulip insurance plan which i have is fabulous with great services provided by the company members. Great work you do pnb metlife and I'm fully satisfied with my insurance plan. The service of online renewals are very good which reduces the waiting time in the long queues.
Anjuna, July 26, 2016
Investment plan
I have traditional insurance policy, it has low premium but the returns are high. Service is fantastic provided by the executives. Updates are mailed to my email address regularly regarding policy plan. Good job metlife life insurance, i really like your services.
Indore, July 26, 2016
Good Insurance
Pnb metlife is my insurer and i bought pension plan from them. The policy is good and claiming is simple. Insurance have big amount in return after policy get mature and speed of the service is very quick and on time. Good investment for the future which reduces tax.
Brahampur, July 26, 2016
Pnb insurance plan
The metlife life insurance is very good insurance company and buy child insurance plan. Now i'm tension free for my child's future. It's coverage is high and claims are even better. Updates are seen on the website. The renewals can be done by the online portal which is easy to use.
Madhuban, July 11, 2016
My ulip plan is nice with low investments. The service is good and claiming become easy. Policy coverage is high and premiums are less. Online portal services are easy to access and anyone can operate it easily.
Durgapur, July 11, 2016
Traditional Policy
My traditional insurance plan is good with maximum recovery, refund and reimbursed by the insurance company. Service is good and on time. Claiming become easy to this, Premium is less and policy coverage is high.
Katehri, July 11, 2016
Pension Policy
Future security with pension plans in less premiums. Service providers are superb and because of them the claims are easy to sanctioned. Policy coverage is high and claims are better. Online service is easy to use which has easy interface.
Chunaar, July 11, 2016
Child Plan
Child insurance policy for my child in less investment. Service is fast provided from your side and even the online portal service is easy interface and access by anyone. Policy coverage and claims are high. Claiming is easy due to fast service.
Almora, June 29, 2016
The ulip insurance plan i have is good with some good benefits. Premium of the policy is low. Policy coverage is high. Service you provided is fantastic which always on time. The upgradations are mailed to my email address regularly.
Chandigarh, June 29, 2016
Super traditional insurance plan i have which i buy in low premiums. The policy coverage is high and claims are good. Service provided by your company staff is fantastic. Updates regarding policy is mailed regularly to me. Internet service is also nice and easy to access.
Ahmedabad, June 29, 2016
Average Pension Plan
The pension plan I choose has low premium and returns are high. Service you provided is fabulous. Policy coverage is high and claims are easily cleared because of company members. Good future investment, it secure my life. Now I'm tension free.
Bawal, June 29, 2016
My child'd future is secure with child insurance plan. The policy provide number of benefits which control my tension for his future. The policy coverage is high, Claims sanctioned easily due to quick service provided by the company members.
Aligarh, April 14, 2016
The policy i have is pnb metlife traditional policy plan which is very good and the premiums are low with high in policy coverage 95%. The claiming part is very easy because the service is very fast with good response from the staff members. Nice future investment with tax savings.
Bengaluru, April 14, 2016
Nice Services
I finally buy pnb metlife life insurance traditional policy plan. Policy covers almost all cases and the amount of returns is around 34 L. Service provided is fast and on time. Good future investment which save taxes. Nice job by executives and staff members.
Download the Policybazaar app
to manage all your insurance needs.