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.
*Tax benefit is subject to changes in tax laws.
**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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 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|
|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||Rs.64,800/-|
|Metlife Bhavishya Plus||Traditional Life Insurance Plan||20 – 45 years||69 years||12 – 24 years||Rs. 92,320/-|
PNB MetLife Plans are innovative and cater to individual and group customers and are categorized into the following:
One should buy term plan that gives you higher life cover and ensure that all your liabilities are covered. They are high on the protection component.
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 policies help you plan your child’s future, so that you can fulfil all your child’s needs without facing any financial hindrances.
These are savings plans that help you to realize different milestones in your life by provisioning for your future.
To explore the best insurance plan that suit your needs compare all PNB MetLife insurance plans from other life insurance companies in India.
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.
For online premium payment, login to your account with Client ID and password, and click on the ‘Pay Premium’ tab for completing the process.
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.
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, 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 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.
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.
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