PNB Metlife Mera Term Plan Online Payment

This article takes a diver into all such possible methods. 

Alternatives Available in the Online Payment Process

When one mentions the PNB Metlife Mera Term Plan Online Payment, it seems as if there is only one way to make the payment. However, that could not be further from the truth. Here is a look at the various ways in which payment can be made.

1. Bill Desk 

   The payment of premium is of vital importance in the life insurance process. Failure to pay the premium can lead to the policy lapsing. A lapsed policy means that one loses coverage and benefits that the provider was given until that time. Such a situation can occur especially because nowadays people have too many bills to pay. In a rush, they can forget to pay the premiums. The provider has collaborated with an easy, and safe online payment option called the Bill Desk to assist in this process. The Bill Desk system works in the following way:

   Step 1: Go to the BillDesk website.

   Step 2: Register on the BillDesk website.

   Step 3: After logging in, choose insurance payment from the dropdown.

   Step 4: Under the payment dropdown, choose net banking.

   Step 5: On submission of these details, the policyholder will be needed to input the policy number and the date of birth on the following page.

   Step 6: Enter the policy and date of birth and proceed further.

   Step 7: This will redirect to the next page, on which the premium amount and the due date will be shown.

   Step 8: As per user discretion, one can make the payment or schedule it for later.

2. PNB Metlife Website

   Visiting the insurer’s website directly is always a good way to accomplish PNB Metlife Mera Term Plan Online Payment. The steps one can follow are as given below:

   Step 1: Visit the provider’s website. 

   Step 2: Register and log in on the provider’s website. 

   Step 3: There is a section on the page called Customer Service. Click there. 

   Step 4: After that, the page will be redirected to Premium Payment Section, where one can click on Pay Premium Online. 

   Step 5: On the next page, input the policy number and date of birth and click on Pay Now to process the payment. 

   Step 6: See the details on the screen. Confirm before proceeding with the final payment. 

3. Credit Cards/Cash Cards

   Other popular PNB Metlife Mera Term Plan Online Payment methods are credit cards and cash cards. The credit cards accepted are Visa, MasterCard, American Express, and Diners. Online payment by cash card is accepted for Done Cash, Itz Cash, Oxi Cash, and ZipCash. On successful payment by either method, the customers will receive a confirmation for the processed payment. One may also use these same methods to make renewal premium payments.

4. Net Banking

   Those customers who have net banking facilities can also make the PNB Metlife Mera Term Plan Online Payment. They can make the payment of the premiums through the following banks at the moment:

   • Standard Chartered Bank
   • Axis Bank
   • State Bank of India 
   • HSBC
   • Greater Bombay Co-operative Bank Ltd.
   • Development Credit Bank
   • Abu Dhabi Bank

   As mentioned before, those who have registered on Bill Desk, or other similar portals such as Bill Junction, may also pay the premiums online. 

5. Standing Instructions

   This is another good way to make PNB Metlife Mera Term Plan Online Payment.Some details are given below:

   • This facility is particularly useful for those who struggle to remember making premium payments and keep missing the due date. By utilizing this feature, the provider directly debits the premium amount on the due date.
   • Standing instruction facilities can be tied with
     • Credit Card – American Express, MasterCard, Visa are all acceptable. It is necessary that the credit card is in the policyholder's name and not someone else. 
     • Bank Account – This auto-debit is done through a direct debit/ECS facility. In both cases, the debit occurs on or before the due date.
   • To avail of this facility on a bank account, the user needs to fill out an ECS form. The filled ECS form needs to be sent to a branch of PNB Metlife for them to approve. Ensure to include a cancelled cheque for bank details.
   • To avail of this facility on a credit card, the user needs to fill out a Credit Card – SI form. The filled Credit Card- SI form needs to be sent to a branch of PNB Metlife for them to approve. Ensure to include the front copy of the credit card for relevant details.
   • For PNB Metlife Mera Term Plan Online Payment, the direct debit facility is limited to a few banks. They are
     • ICICI Bank
     • Union Bank of India
     • Citi Bank
     • Bank of Baroda
     • IDBI Bank

6. National Electronic Funds Transfer(NEFT)

   National Electronic Funds Transfer, or NEFT, is another PNB Metlife Mera Term Plan Online Payment method. The process works roughly on the following lines, as given below:

   • The Reserve Bank of India had introduced NEFT as a service. Hence, this facility is available to all major banks of India. 
   • The policyholder may use this facility directly online or request their bank branch to make the payment on their behalf. 
   • It is a quick and simple process. All it needs is some information about the beneficiary, such as bank account details and IFSC Code. For the case of PNB Metlife Mera Term Plan Online Payment, they are given below:
     • Beneficiary Account Number – 6969###, where ### stands for the policy number. The payer should NOT put spaces. 
     • Bank Name – CitiBank
     • Bank Branch Name – Bangalore
     • IFSC Code – CITI0000004
     • Account Type – Current Account
   • Since this is an electronic transfer method, NEFT eliminates all middlemen, and therefore, there are no extra charges for cheque processing or draft issuance. 
   • The transfer of funds under NEFT is immediate. 
   • For transferring funds via NEFT, one must first log in to the Net Banking account. 
   • After that, they must select the NEFT fund transfer option.
   • To transfer at a bank location, ask for the NEFT form and fill it up. 
   • Since the beneficiary bank is CitiBank, the users who hold an account in the same bank must use the intra-bank transfer facility known as I-Connect, which can be found on the bank’s website. 
   • Upon completing an NEFT, the payer will receive a Unique Transaction Reference Number, or UTR no. This reference number is essential for further correspondence or clarification. 

Substitutes Available in the Offline Payment Process

The above process focuses on PNB Metlife Mera Term Plan Online Payment. However, for covering all bases, people must be aware of the offline methods as well. This is because there may be a glitch in the payer's device, or the system from the back-end may be down. Some substitute payment options are given below:

• PNB Metlife Branches – People can pay at various locations where the provider has branches between 9 AM to 6 PM. They can pay by cheque, demand draft, credit card, or cash. The amount must be less than 50,000 INR.

• Axis Bank Branches – PNB Metlife has a partnership with Axis Bank, where any policyholder can visit and pay their premiums at Axis Bank branch locations. There are two methods to do this:

• Drop Boxes – At each branch or ATM vestibule, there are drop boxes. PNB Metlife customers can deposit their cheque or demand draft here. The value must be below 50,000 INR. 
• Inside the Branch – PNB Metlife policyholders can also go inside the branch and pay their premium. They can do so in the form of cash, cheque, or demand draft. The value must be less than 50,000 INR. 

Benefits of Online Payment Approach

PNB Metlife Mera Term Plan Online Paymenthas many benefits that make it inherently superior to the offline method. Some quick pointers are given below:

• Fast and slick – Online payments happen in the blink of an eye. They are extremely easy to understand and execute. Since the process is online, the transaction gets completed in a matter of moments. Therefore, there are no worries that a person will end up missing the deadline for premium payments. 
• Availability at fingertips – Gone are the days when people had to stand in queues to know information or effect payment. Now, everything requires one internet-connected device. The policyholder can do everything in-situ. 
• Better recording – Earlier, there was always the chance that a cheque may be misplaced or a demand draft may be damaged. Details were often not uploaded properly due to human error. All of that has vanished due to online payments.  
• No extra fees – How many times has this happened that one has ended up paying an extra service charge for a meagre service? However, it is extremely common in offline payments as intermediaries are doing the job on behalf of the policyholder. In online payments, the person is doing everything themselves, and therefore, it is impossible to incur extra charges. 
• Unconstrained by schedule – Unlike offline payments, which need to be done on specific days and specific working hours, online payments are not constrained by such limitations. Therefore, it is ideal for working professionals. 
• Round-the-clock assistance – There used to be a time when information came at a premium. Now, everything is available online. Similarly, even in online payments, assistance in the form of a live chat is perpetually available.

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