PNB MetLife Mera Term Plan Plus

Life requires adequate financial protection and coverage. Therefore, an effective financial plan with a wide range of flexibility is needed. It is advisable to opt for simpler solutions securing the family's financial future, compared to complex policies containing hidden costs.

Read more
51 Partners Insurance Partners
12.02 Crore Registered Consumer
5.9 Crore Policies Sold
We are rated ++ rating
₹1 Crore Life cover starting from +
Lowest Price Guarantee ˜
Check Your Premium Now
Please wait. We Are Processing..
Term Insurance
Get Updates on WhatsApp
×

A financial plan with the aim of security, offering riders, provides the most suitable means to secure the family's future against unavoidable calamities. PNB MetLife Mera Term Plan Plus is a protection plan that provides essential coverage with added benefits, thus ensuring financial safety in an affordable manner. It is available in 3 plan variants: Life, Life plus & Life plus Health.

Parameters

Details

Policy Tenure

Minimum Tenure -10 years

Maximum Tenure:

With Return of Premium option-40 years

Without Return of Premium option:

        -For Life & Life Plus: 99-Entry Age

        -Life Plus Health: 75 – Entry Age

Premium Paying Term(PPT)

Single

Limited -5/10/15/20/Pay till 60; Minimum is PPT +5 years

Regular

Premium Paying Mode

Monthly or annually

Entry Age

18 -60 years; 55 years for 'Pay till 60' Option

 

Maturity Age

With Return of Premium option: 28-75 years

With Return of Premium:

Minimum 28 years and Maximum:

Life & Life Plus Options-99 years

Life plus Health-75 years

Grace Period

30 days (15 days for the monthly payment)

Sum Assured

Minimum: Rs 25 lakhs

Maximum-No limit; as per underwriting guidelines

Liquidity

A loan is not available.

Benefits of PNB MetLife Mera Term Plan Plus

The following are the key benefits offered under PNB MetLife Mera Term Plan Plus:

Flexibility– The plan can be customized as per coverage needs. There are multiple premium payment terms, coverage terms and additional Spouse cover and Return of Premium options, along with pay-out options, that cover the insured and the family –

Lump-sum full

Lump-Sum with monthly income

Lump-Sum with rising income

Lump-Sum with monthly income until the child is aged 21 years (in case of Child Education Support benefit opted)

Long Tenure- The coverage provided lasts until the age of 81 years, with maturity until the maximum age of 99 years. This is an advantage over other policies that typically provide coverage over 40 years.

Death Benefit– Death sum assured will be issued to the family of the insured; this is the death benefit upon the passing of the PNB MetLife Mera Term Plan Plus policy insured. This constitutes either 10 times the annual premium, or 105% of the premium payment made until the death of the policyholder. The death benefit includes the base payment, along with the applicable riders.

Joint Life Cover– A plan taken up jointly will continue for the spouse even upon the death of the insured. The applicable Sum Assured amounts will be calculated as per the policy document. All future premiums will also be waived off, if the life assured suffers from death, permanent or total disability by accident, or suffers from any of the 50 listed Critical Illnesses.

Tax Benefit– Investments under PNB MetLife Mera Term Plan Plus are eligible to be subjected for tax exemptions under the Income Tax Act, 1961.

* Tax benefit is subject to changes in tax laws

The Premium for PNB MetLife Mera Term Plan Plus

The PNB MetLife Mera Term Plan Plus premium can be paid as a Single, Regular or a Limited Premium payment as per the chosen option).

The premium paying terms and frequency is entirely at the discretion of the policyholder.

Premium to be paid is dependent on factors, such as age, policy term and premium payment term, basic Sum assured, smoking habits, and whether Return of Premium option has been chosen or not.

*Standard T&C Apply

Interested individuals can utilize the PNB MetLife Mera Term Plan Plus calculator available on the insurer website to determine the required premium to be paid.

Additional Riders for PNB MetLife Mera Term Plan Plus

There are various Cover Enhancement Options available to increase the protection cover under the PNB MetLife Mera Term Plan Plus Policy:

  • Step-Up Benefit
  • Life Stage Benefit
  • Child Education Support Benefit

PNB Metlife offers 4 Riders with this plan:

  • Accidental Death Benefit Rider Plus
  • Serious Illness Rider
  • Accidental Disability Benefit Rider
  • Critical Illness Rider

Eligibility for PNB MetLife Mera Term Plan Plus

  • Entry Age: 18 – 60 years
  • Maximum maturity Age: 99 years

What are the documents required to buy this policy?

In order to buy PNB MetLife Mera Term Plan Plus, the required documents are:

  • Proof of identity – PAN card, Aadhar card, passport
  • Residential proof - Driving license, ration card, bills, voter identity card
  • Income proof – Salary slips and bank statements
  • Passport size photographs

How to buy this plan online?

Buying PNB MetLife Mera Term Plan Plus online can be done through the official website of Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited):

Step 1: Provide date of birth, health history, the occurrence of tobacco consumption, etc.

Step 2: Select the payment and frequency for premium, policy term, Sum assured, with benefits and riders.

Step 3: Fill up personal details like occupation, family history, lifestyle, nominee, etc.

Step 4: Make an online payment; the policy will be issued after payment acceptance.

Exclusions of PNB MetLife Mera Term Plan Plus

PNB MetLife Mera Term Plan Plus reviews indicate the suicide clause:

In the instance of the suicide of the insured within 12 months of the policy purchase, 80% of the premium payment is redeemed to the nominee or the family as a death benefit. Subsequently, the policy is terminated.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

FAQs

Premium By Age

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

© Copyright 2008-2025 policybazaar.com. All Rights Reserved

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.

Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance

Term Insurance Articles

  • Recent Article
  • Popular Articles
30 Oct 2025

Do Students Need Education Loan Insurance? What...

Yes, students and their families absolutely need education loan

Read more
13 Oct 2025

A Detailed Guide on How to Manage Expenses

When talking about money management, expenses play a key role

Read more
13 Oct 2025

What is the Difference Between Saving and...

Saving means putting money aside in secure, easily accessible

Read more
09 Oct 2025

What Is Home Loan Insurance and What Are Its...

Home loan insurance, also known as a Home Loan Protection Plan

Read more
09 Oct 2025

Understanding Credit And Debt: Key Differences

Credit is the financial trust that allows you to access goods or

Read more

Term Insurance Calculator Online : Policybazaar...

Term Insurance Calculator [[ What is Term Insurance Calculator? Term insurance calculator is a free online tool

Read more

Buy Best ₹1 Cr Term Insurance Plan Online in...

A 1 crore term insurance is one of the most common life cover options among the buyers of term insurance plan

Read more

Claim Settlement Ratio of Term Insurance Plan...

Term Life Insurance Claim Settlement Ratio (CSR) is an important parameter to be considered when choosing a term

Read more

LIC Term Insurance 1 Crore

An LIC 1 crore term insurance plan simply means that the death benefit is Rs 1 Crore. The policyholder of this

Read more

Buy Best Term Insurance Plans for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
Get Call Back Now
Claude
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL