PNB MetLife Insurance

4.3 / 5 based on 118 User Reviews
Claim Settlement Ratio - 92.90%*
*Data according to IRDA Annual Report (2015-16)
*Please note that the quotes shown will be from our partners

PNB MetLife Health Insurance Company

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the foremost life insurance companies 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., a leading life insurance company and credibility of PNB, one of India's oldest 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. With its corporate office in Gurgaon and headquarter in Bangalore, PNB MetLife is recognized as one of the fastest growing life insurance companies in India.

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

Rs.10,00,000

MetLife Smart Platinum

Unit Linked Insurance plan

7 – 70 years

99 years

N/A

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

N/A

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

Met Endowment Savings Plan

Traditional Endowment Plan

20  – 60 years (54 years for 5 years limited pay term)

75 years

10 – 30 years

Rs.1,45,000/-

MetLife Bachat Yojna

Traditional Life Insurance Plan

20 – 60 years

75 years

15 years

Rs.64,800/-

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 Easy Super
  • Met Dhan Samriddhi
  • Met Smart One
  • Met Endowment Savings Plan
  • 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 RECEIVES CELENT MODEL INSURER ASIA AWARD 2016

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.

Reviews for PNB MetLife Insurance

TOTAL REVIEWS (118)
Umang
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.

Jayant
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.

Naman
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.

Zara
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.

Varun
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.

Saurabh
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.

Vishal
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.

Bejoy
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.

Eshant
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.

Tarun
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.

Neetu
Madhuban
July 11, 2016

ULIP Plan

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.

Nirman
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.

Meetu
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.

Ratika
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.

Dixit
Almora
June 29, 2016

Good

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.

Vishal
Chandigarh
June 29, 2016

Good

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.

Surabhi
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.

Garima
Bawal
June 29, 2016

Good

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.

Prem
Aligarh
April 14, 2016

Marvelous

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.

Swaraaj
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.

Om
Patiala
April 14, 2016

Best Policy Plan

My pnb metlife life traditional policy plan is good in services. The policy coverage is good ~90% and the premiums are low. Claiming process is easy due to fast service provided by the executives and the staff members. The payback amount is ~Rs.39 L. I like the terms and conditons.

Gautam
Palani
April 14, 2016

Totally Safe

Policy has all benefits and the investments are also low. Around Rs.45 L is payback amount. PNB metlife life insurance provide me traditional plan which has good facilities and the service is very quick. The up gradation details in policy is mailed to me time to time. Good work.

Chavi
Zahirabad
April 14, 2016

Quality Investment

PNB metlife life insurance traditional policy plan which have 94% policy coverage and the claims are easy to get because of fast services provided by the executives and staff members. The daily updates are texted and mailed time to time to may email id and cell number. Good work.

Bhavya
Manesar
April 14, 2016

Just Go For It

I have traditional policy plan from pnb metlife life insurance. The policy provides good coverage with low premiums. Claims are around Rs.38 L. Service always on time. The executives and staff members are facilitate great services. Satisfactory policy plan, nice work.

Abhishek
Chittaurgarh
April 14, 2016

Wonderful

I own pnb metlife insurance traditional plan. Plan is good and premium is low. Policy coverage is high and payback returns too. Claiming amount is Rs.37 L. Service is fast like super sonic. The daily updates are mailed to me time to time. Overall, perfect policy plan. I like it.