PNB MetLife Insurance Review

"When I started looking for life insurance, I wanted a company that felt dependable and easy to work with — nothing too confusing. After checking a few options, I chose PNB MetLife for a term plan with some riders. The purchase was smooth, the team was patient in answering my questions, and I feel more secure today knowing my family has solid protection in place.” – Sameer

51 Partners Insurance Partners

12.02 Crore Registered Consumer

5.9 Crore Policies Sold

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₹1 Crore Life cover starting from ⁺

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About PNB MetLife India Insurance

PNB MetLife India Insurance Company Limited brings together the global insurance strength of MetLife and the trusted legacy of Punjab National Bank. It’s a joint venture that also includes partners like Jammu & Kashmir Bank and other private investors, with PNB and MetLife International Holdings as the main shareholders.

The company has been doing business in India since 2001. Its goal is to provide easy-to-understand life insurance that meets the needs of real people, such as protecting young families and helping people save for retirement. It has hundreds of branches and tens of thousands of other locations through bank partnerships, which gives customers a sense of comfort and familiarity.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Key Features of PNB MetLife Insurance

It provides term life insurance, savings plans, ULIPs, children's plans, and retirement plans.
Strong bancassurance presence through partner banks across India
Policy options that are flexible and come with riders for extra protection
Backed by two renowned banks, MetLife and Punjab National Bank
Digital tools and mobile applications to assist in policy servicing.

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₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

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Advantages of PNB MetLife Insurance Policies

As PNB MetLife has indicated an individual claim settlement ratio of 99.57%, this suggests that PNB MetLife has consistently been able to settle genuine claims. This is an important factor in judging its reliability in the long term.
The insurer has access to over 155 locations across India and provides services to its consumers through associating with Punjab National Bank, Jammu & Kashmir Bank, and Karnataka Bank, which amounts to over 19,000 locations. The organization covers both urban and semi-urban consumers through its broad outreach.
PNB MetLife has settled individual death claims worth ₹2,300 crore+ over the past years, which reflects the scale of its business. This blend of world-class insurance expertise and bank-like support from the public sector bank ensures that it looks at itself not just as a high-risk, short-term insurer, but one that is stable and reliable.
Strong financial protection at reasonable cost. The term insurance plans offered by PNB MetLife have high life cover at competitive cost, and they are most suited for families where financial obligations have to be met over a certain period, like paying loans and educational expenses.
Flexible Premium and Policy Options: The terms on which policyholders pay their premiums and receive payments, in terms of policy duration, can be selected based on their income pattern and lifecycle stages.
Additional Protection with Riders: To expand or add to your basic insurance cover, you have options such as critical illness cover, accidental death benefit, and waiver of premium, which can all help protect you financially should an emergency arise.
Digital convenience with offline support: The policies and services can be obtained online. In addition, customers can access the policies and information through the khUshi mobile application. Bank-led distribution, which favors customers who prefer branch banking, makes it a bit easier.

How to Buy PNB MetLife Insurance from Policybazaar?

Here is how you can buy a PNB term insurance plan online from Policybazaar:

Step 1: Visit the term insurance page of Policybazaar

Step 2: Enter your name, gender, date of birth, and the rest of the information needed.

Step 3: Choosing the correct smoking habit, type of occupation, educational qualifications, and income level

This would be possible through the following

Step 4: Select the best PNB term insurance plan from all available plans and proceed to pay

Final Review: Is PNB MetLife Insurance Worth It?

PNB MetLife Insurance is a sensible choice for people who value stability, bank-backed trust, and straightforward policy structures. It may not appeal to those looking for aggressive investment-style insurance, but for protection, savings, and retirement planning, it delivers what it promises.

If you want an insurer with a strong claim record, flexible plan options, and access to both digital tools and physical bank branches, PNB MetLife stands out as a reliable option.

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What is Term Life Insurance

FAQs

Is PNB MetLife Insurance a real and trustworthy business?

Yes, PNB MetLife is an IRDAI-regulated insurance company with more than 20 years of operations in India. It is backed by MetLife and Punjab National Bank.
How often does PNB MetLife pay out claims?

PNB MetLife has a claim settlement ratio of about 99.57%, indicating they handle claims very well.
Are PNB MetLife plans good for first-time homebuyers?

Yes. The plans are easy to understand and offer many choices, which makes them good for first-time life insurance buyers.
Is it possible to manage PNB MetLife policies online?

Yes. You can pay your premiums and access your documents online through the website and the khUshi app.
What does the PNB MetLife Khushi App do?

The Khushi App is the official customer service app for PNB MetLife. It lets policyholders manage their life insurance policies from their phones. You can check your policy details, pay your premiums, download policy documents, make service requests, and keep track of their status all from the app, without having to go to a branch. It is meant to make managing policies daily easier, faster, and mostly paperless.

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˜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. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+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.

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