PNB Metlife Mera Term Plan Online Payment

PNB Metlife Mera Term Plan Online Payment has simplified the process of payment of premiums. With the ability to be online, one can see in detail all the rich offerings the company has to offer before making any decision. However, after proceeding, an applicant may find himself or herself in a bit of a quandary as they struggle to make sense of the various payment methods that exist for PNB Metlife Mera Term Plan Online Payment.

Read more
Get ₹1 Cr. Life Cover at just ₹449/month+
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers
+Tax benefit is subject to changes in tax laws. +Standard T&C Apply
++ Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
Get ₹1 Cr. Life Cover at just ₹449/month+
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

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.

FAQ's

Types of Term Plans


Term insurance articles

Recent Articles
Popular Articles
Zero Cost Term Insurance: What makes this plan so attractive?

23 Sep 2022

Zero Cost Term Insurance is a new variant of term insurance that...
Read more
Zero Cost Term Insurance Plan

07 Sep 2022

Term insurance is the most common type of life insurance product...
Read more
What Will Happen to My Term Insurance If I’m in Coma?

05 Sep 2022

A coma is a long unconsciousness because of insufficient...
Read more
What Happens to the Term Insurance Plan if Its Nominee Dies?

29 Aug 2022

Nomination is an important part of financial planning. It is the...
Read more
Why Buying Term Life Insurance Plan is More Affordable in India Than Abroad for NRIs ?

29 Aug 2022

Accidents and Death can occur anytime anywhere, irrespective of...
Read more
Term Plan with Return of Premium - TROP 2022 | Policybazaar
Term Insurance is a simple life insurance plan that provides financial coverage in the form of a life cover for a...
Read more
Zero Cost Term Insurance Plan
Term insurance is the most common type of life insurance product that provides financial protection to the family...
Read more
Term Life Insurance for NRI in India
Every bread-earner wishes to provide financial security and stability to his/her family in some way. Whether you...
Read more
LIC Term Insurance 1 Crore
If you have a LIC term insurance 1 Crore handy, you can cherish all your happy moments as you have made a fine...
Read more
Types of Deaths Covered and Not Covered by Term Insurance
Types of Deaths Covered and Not Covered by Term Insurance When it comes to securing the future of your loved ones or...
Read more

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