Prices Increasing soon Prices Increasing Soon

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
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

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.

FAQs

Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
27 Feb 2024

SBI Life 5 Crore Term Insurance

SBI life insurance offers a variety of plans with different life

Read more
27 Feb 2024

Bajaj Allianz Life Insurance Customer Care

Bajaj Allianz Life Insurance is one of India’s leading life

Read more
26 Feb 2024

Kotak 2 Crore Term Insurance

Securing your family's financial future involves detailed

Read more
26 Feb 2024

Tata AIA 2 Crore Term Insurance

Protecting your family's financial future requires careful

Read more
26 Feb 2024

PNB 1 Crore Term Insurance

Ensuring your family's financial future requires careful

Read more
07 Mar 2014

1 Crore Term Insurance - Buy ₹1 Cr Term Insurance Plan...

Term insurance is a type of insurance plan that offers financial security to your loved ones in the event of your

Read more
27 Jun 2018

What Is Difference Between Term Insurance And Life Insurance

Life insurance plans help you create wealth, protect your family for the entire policy term, and save on your

Read more
12 Jun 2018

Claim Settlement Ratio of Term Insurance Plan Providers

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

Read more
24 Mar 2020

LIC Term Insurance 1 Crore

LIC of India offers various plans to help you secure the financial future of your loved ones. To ensure your

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL