Prices Increasing soon Prices Increasing Soon

PNB MetLife Super Saver Plan

PNB MetLife Insurance is among the best private life insurers of India for the fiscal year 2019 as per CRISIL. The company has launched a new participating, non-linked life insurance plan, known as PNB MetLife Super Saver Plan. In a few decades, the economy of India has gone up at a rapid pace and the disposable salary of a common Indian has increased significantly. In this way, with improved lifestyle and increased income, people are planning to invest in their life goals.

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~
6.7 Crore
Registered Consumers
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:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
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.

One of the policies that PNB MetLife Insurance Company has launched is PNB MetLife Super Saver Plan. This policy is designed to save for their goals of life regularly. The coverage of life insurance with a premium waiver option safeguards the policyholder's family in a situation of unfortunate death of the policyholder. In addition to this, plan comes with a cash bonus feature that offers intermediate liquidity. In this way, this plan provides a dual benefit of wealth creation and protection.  

Talking about the launch, PNB MetLife’s Head of Products Mohit Garg, said that PNB MetLife has designed its products in a way that it caters to different financial requirements of its customers. To help its customers in different life stages, the company has launched various Family protection, child education, retirement, and long-term savings products. The Super Saver product of PNB MetLife addresses various uncertainties of life and hence offers dual benefits of wealth creation and life insurance.

Why buy Term Insurance early?

Your premium is decided on age at which you buy the policy and remains same, throughout your life

Premiums can increase between 4-8% each year after your Birthday

Your policy application could be rejected or premiums increase by 50-100%, if you develop a lifestyle disease

See how age affects Term Insurance Premiums
See how age affects Term Insurance Premiums
Premium 479/month
Age 25
Age 50
Buy Today & Save Big
View Plans

Features of PNB MetLife Super Saver Plan

The key features of this plan are:

  • Flexible Option of Premium Payment: The plan offers premium payment option of five, seven, 10, 12, or 15 years.
  • Guaranteed Maturity Benefit: This plan provides sum assured upon maturity as a lump sum on the end of the term of the policy.
  • Flexibility for Selecting Options of Bonus Payout:
    • Accumulation: Provides simple revisionary bonus, however, if there is any, it is accumulated across the term of the policy and it is paid upon maturity or
    • Offers Liquidity via Cash Bonuses: Offers a simple revisionary bonus, if there is any, then it grows during the term of premium payment and paid at the time of maturity with a cash bonus, it is paid every year after completion of the premium payment term.
  • Protection:
    • The plan provides life cover for the entire term of the policy.
    • The future protection of the family even at the time of unfortunate death of the policyholder without the payment of the future premiums after policyholder’s demise through the option of ‘Savings + Family Care’.
    • Additional cover is provided through serious illness riders and premiums that are paid at a very nominal cost.
    • Financial goal protection against illness with a premium waiver on 35 illnesses that are considered 'Critical'.
  • Benefit on Tax: Tax benefits are available on the paid premiums and the benefits that one receives according to existing tax laws.

What does it cover?

PNB MetLife Super Saver Policy accumulates the savings of the policyholder and offers financial protection for the long term to the family of the policyholder. Also, it as well offers a waiver of premium for ensuring that policyholder’s goals are not compromised in the situation of untimely demise or critical illness.

  • The policyholder gains financial strength for fulfilling his/her goals and aspirations.
  • This plan safeguards the financial requirements even after retirement.
  • Safeguards the goals of the policyholder from his/her unexpected illnesses when benefits of maturity are paid according to schedule after the demise of the life assured and hence no future premiums are paid after the death.
  • Ensures the financial protection for the protection of the family of the policyholder with family cover + savings option in which maturity benefit is given as per the schedule even after the life insured dies and the family/ nominee does not have to pay the premium after the death of the policyholder.

Product Benefits

The benefits of PNB MetLife Insurance Super Saver Plan are:

  • Option to Save: Under this option, one gets a lump sum benefit upon the maturity or death of the policyholder. Here, the benefit of the lump sum is the sum of the basic sum assured, accumulated simple revisionary benefit, and if there is any terminal bonus.
    • Family Care + Savings Option: Addition to the option of the savings, the plan also offers family care benefits. Under this benefit, the family/ nominee does not have to pay the remaining premium in the situation of the death of the policyholder. In addition to this, the maturity benefits will be paid as per they are mentioned in the Maturity Benefit Section.
    • Savings Plus Health Care Option: With savings option, this feature offers premium waiver upon critical illness occurrence. In this case, all the future premiums are waived off if any of the mentioned 35 critical illnesses occur to the policyholder.
  • Option for Bonus: The insured has the option to select the below-mentioned bonus at the time of policy inception:
    • Accumulation: The revisionary bonus, if there is any will be accumulated throughout the term of the policy death or maturity of the policy, whichever occurs first. For savings plus family care features, after the insured's death, the maturity benefit will be paid along with Revisionary Bonus.  
    • Liquidity:
      • Any accumulated simple revisionary bonus during the term of premium payment and is paid upon death or at the maturity date, whichever occurs early.
      • If there is any cash bonus, then it will be paid at the end of the year of policy and after the premium payment term expires till the death or maturity date of the policy, whichever comes first.
    • Death Benefit: In the situation of the unfortunate death of the policyholder provided that the policy is still in the status of in-force:
      • If the policyholder has selected ‘Savings plus Healthcare’ option, then the beneficiary receives:
        • Sum assured on death and the acquired simple reversionary bonus, if there is any, with terminal bonus, which is subject to a minimum of 105% of all the premiums that one has paid upon the death date and the policy will be terminated.
      • If ‘Savings + Family Care’ option is selected, then the nominee will receive:
        • Sum assured upon death
        • All the future premiums, if any, that will otherwise have been payable in the base policy is waived off for the remainder of the payment of premium term and
        • Upon the policy term’s end, the following benefits are paid:
          • Sum Assured upon maturity and acquired a simple reversionary bonus if there is any.
          • Additionally, If Bonus option two – Liquidity is selected, the cash bonus, if any payout, if any, should continue to be paid till the time of maturity.
        • Maturity Benefit: If the policy is in-force status and all the due installment premiums are received by the company:
          • The maturity benefit payable is the sum of:
            • Acquired Simple Revisionary bonus, if any.
            • Sum assured upon maturity.
            • Terminus bonus, if there is any.


Specification of Product
Plan Options Option 1: Savings Option 2: Savings + Family Care Option 3: Savings + Health Care
Bonus Options Option 1: Accumulation Option 2: Liquidity
Maximum Entry Age
Plan Type Mode of Premium Payment
Annual Other
Savings 60 55
Savings + Health Care For PPT: 5,7,10 and 12 Pay – 55 years For Regular Pay and PPT 15 – 50 years For PPT: 5,7,10 and 12 Pay – 50 years For Regular Pay and PPT 15 – 45 years
Savings + Family Care 50 45
Minimum Entry Age
Plan Type Entry Age
Savings+ Health Care+ Family Care 18
Savings 0 (30 days)
Maximum Maturity Age
Plan Type Maturity Age
Savings 80
Savings + Health Care For PPT Five, Seven, 10 and 12 Pay: 75 For Regular Pay and 15 Pay: 70
Savings + Family Care 70
Policy Term (Years)
Premium Payment Term Maximum Policy Term Minimum Policy Term
Five and Seven 20 10
10 20 11
12 20 13
15 20 16
Regular Pay 10, 15, and 12
PPT (Premium Payment Term) Five, Seven, 10, 12, Regular Pay, 15 Years
Minimum Annualized Premium in Rupees
 PPT (Years) Premium (Rs.)
Five 50, 000
Seven 35, 000
Ten 25, 000
Regular Pay, 10, and 15 20, 000
Maximum Annualized Premium in Rupees As per the Basic Sum Assured accepted according to the Board’s approved underwriting policy
Maximum Sum Assured Based on the underwriting policy approved by the board.
Minimum Sum Assured (in Rs.) 2, 20, 000
Mode of Premium Payment Monthly/ Yearly/ Half Yearly

Premium By Age

Life insurance articles

  • Recent Article
  • Popular Articles
09 Aug 2023

What High Net Worth Individuals (HNIs) Do To Secure Their...

High net worth individuals often opt for life insurance plans to

Read more
28 Jun 2023

A Review Of ICICI Prudential Life Insurance

“Policy Bazaar insurance clarified the term policy for me, so

Read more
27 Jun 2023

A Review Of HDFC Life Insurance

“I recently bought an HDFC term plan and it is the best

Read more
20 Jun 2023

Best Life Insurance Policy in India with High Returns

The best life insurance policy in India is a type of life

Read more
20 Jun 2023

Which Insurance is Best in India?

Insurance is a financial product that transfers the risk to a

Read more
15 Dec 2021

Life Insurance for Parents in India

With the increase in the average life expectancy rate, the older population in India is on the rise. Most of the

Read more
27 May 2014

How to Check LIC Policy Status, Details, Statement via...

Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However

Read more
08 Jun 2022

Life Insurance for NRI

Going beyond geographical boundaries to study or pursue a career abroad is a common aspiration for many

Read more
14 Apr 2014

Life Insurance Quotes

Life insurance quotes are the approximate premium rates for the specific life insurance policy. It helps you

Read more
25 Feb 2022

SBI Life Insurance 50,000 per year Plan for 5 Years

Life insurance is about the financial protection of the family and working for life’s milestones through smart

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