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PNB MetLife India Insurance

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.

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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 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/-

Life Insurer Details

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

      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.

      • 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.

      • Met Smart Platinum
    • 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 College Plan
    • PNB MetLife Investment Plans

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

      • Met Smart One
      • Metlife Bachat Yojana
      • MetLife Bhavishya Plus

      To explore the 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

  • 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.

  • 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.
  • You need to submit the required documents along with renewal form at any of the nearest PNB Metlife branches in your city.
  • 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.

  • 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

    • 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 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, 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 services to the consumers.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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PNB MetLife India Insurance Reviews & Ratings

4.2 / 5 (Based on 142 Reviews)
(Showing Newest 10 reviews)
Subhash
Uttar Pradesh, July 17, 2024
Professional Guidance
Policybazaar advisors provided professional guidance tailored to my specific insurance needs. They patiently answered all my questions and helped me understand the finer details of each plan.
Ramu
Madhya Pradesh, July 17, 2024
Educational Platform
Policybazaar platform is not just for buying insurance but also for learning about different types of policies. Their articles and guides helped me understand complex insurance terms and concepts better.
Sumit
Maharashtra, July 17, 2024
Responsive Team
The team at Policybazaar was responsive and proactive in addressing my queries about plans like PNB MetLife Mera Term Plan Plus and Aditya Birla Salaried Term Plan. Their support made the entire process hassle
Abhishek
Delhi, July 17, 2024
Detailed Comparison Tool
Policybazaar comparison tool was instrumental in comparing plans like Kotak eTerm Plan. It provided comprehensive details about coverage, premiums, and benefits, allowing me to make a well informed choice.
Samir
Chhattisgarh, July 17, 2024
PNB MetLife Mera Term Plan Plus Satisfied Customer
PNB MetLife Mera Term Plan Plus offered the right blend of coverage and affordability for me. Policybazaar customer support team was instrumental in helping me understand the plan's features, and their guidance was invaluable.
Mana
Uttar Pradesh, July 17, 2024
PNB MetLife Mera Term Plan Plus
PNB MetLife Mera Term Plan Plus met all my expectations. Policybazaar guidance made it easy for me to secure the right coverage.
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Jharkhand, July 16, 2024
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Policybazaar simplified my HDFC Life term insurance purchase. The website is easy to use and the comparison tool is fantastic
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Policybazaar made my Bajaj Life insurance plan selection simple. The comparison tool is fantastic and the website is easy to navigate
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Gujarat, July 16, 2024
Family Protection
Policybazaars term plan ensures my familys financial security. Transparent policies, affordable premiums. Delighted with the coverage provided.
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