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PNB 1 Crore Term Insurance

Ensuring your family's financial future requires careful planning and a commitment to relieving them of any burdens. The PNB 1 Crore term insurance plan provides a death benefit of Rs. 1 Crore to the nominee if the policyholder passes away during the policy term. PNB Metlife Insurance offers affordable premiums for this 1 Crore term insurance, ensuring your loved ones won't face financial challenges. Let's understand the details of PNB 1 Crore Term Insurance here.

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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.
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What is the PNB 1 Crore Term Insurance Plan? 

PNB 1 Crore Term Insurance Plan provides financial security to your family in the unfortunate event of your death. Hence, a 1 Crore term plan offered by PNB Metlife Insurance helps by offering a cover amount of Rs. 1 Crore so that you can be assured that your loved ones will have a financially protected future.

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@ Starting from ₹ 16/day+


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@ Starting from ₹ 12/day+

How Does PNB 1 Crore Term Insurance Work? 

If you buy the PNB 1 Crore Term Insurance Plan for a set period ensures that if you unexpectedly pass away, your chosen beneficiary/nominee receives a Rs. 1 Crore death benefit. This policy safeguards your family's financial well-being in tough times. With its affordable premiums and comprehensive coverage, the PNB 1 Crore term insurance plan is a trustworthy choice for those wanting to secure their family's future.

Why Buy PNB 1 Crore Term Insurance? 

Here are some of the valid reasons why you should consider buying the PNB 1 Crore Term Insurance plan:

  • Budget-Friendly Coverage: The 1 Crore term insurance plan is affordable, providing basic term plan benefits at lower premiums, starting at Rs. 638/month.

  • Added Protection: The PNB 1 Crore term insurance plan includes extra benefits through riders, offering protection for risks like accidental death, terminal/critical illness, and premium waiver.

  • Financial Support for Your Family: The PNB 1 Crore Term Insurance plan ensures your family's financial needs are met if you're not there. Nominees can also use the death benefit to settle loans, manage debts, or cover household and personal expenses.

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What are the Benefits of PNB 1 Crore Term Insurance? 

Here are some benefits of PNB 1 Crore Term Insurance:

  • Affordable Premiums: The cost of a 1 Crore term insurance is reasonable, and purchasing it at a young age allows you to get it at a lower rate, starting at Rs. 638 per month.

  • Optional Add-ons for Extra Benefits: The PNB 1 Crore term insurance plan provides comprehensive life coverage and lets you enhance it with features like critical illness, accidental death, and premium waiver riders. While not mandatory, these extras offer added protection against various risks. Remember, you can only add these riders when initially buying the policy.

  • Easy Online Purchase: Buying a PNB 1 Crore Term Insurance plan online is simple and convenient, saving you from visiting a PNB branch or waiting in queues. Through Policybazaar, you can purchase it easily from home and receive a 10% discount on online purchases through the Policybazaar website or app.

  • Flexible Payouts: Unlike some insurance companies that provide the death benefit all at once, you have options on how you receive it. For example, you can choose a lump sum or get monthly income payments, giving you more control over managing your expenses.

  • Tax Benefits: Another significant benefit of choosing the best 1 Crore term plan is eligibility for tax deductions under sections 80C and 10(10D) of the Income Tax Act, 1961.

How to Determine the Right Coverage Amount? 

Here is a list of all the factors that can help you in determining if buying Rs. 1 Crore is the right cover amount for your term plan: 

  • Your Annual Income: When choosing a term insurance plan, it's smart to make sure the coverage is at least 10 times your annual earnings. For instance, if you earn Rs. 5 Lakhs per year, you should aim for a term life insurance plan with at least Rs. 1 Crore coverage. You can use Policybazaar’s term insurance calculator for a more accurate estimate.

  • Current Age: Your age greatly impacts your term insurance coverage. As you grow older, health issues become more likely, and this results in higher premium rates. Going for the PNB 1 Crore term insurance plan at a younger age ensures a comprehensive life cover at much lower rates, thereby securing your loved ones' financial well-being and maintaining affordable premiums over time.

  • Financial Dependents and Their Needs: To figure out if 1 Crore term insurance is sufficient, consider your family's needs and your responsibilities. Think about how many family members depend on you financially and what they might need in the future, like education, career, marriage, and basic living expenses. It's important to make sure all your dependents, especially those relying on your support, have their financial needs covered.

  • Pay off Loans/Liabilities: When buying a term insurance plan, it is advised to have an idea of all your pre-existing loans/debts, like home loans, car loans or education loans. Choosing a 1 Crore term insurance policy is wise as it gives you a relatively high coverage compared to other options, helping you achieve your life goals.

How do you buy 1 Crore Term Insurance from Policybazaar?

Here are the steps to buy a 1 Crore term insurance plan from Policybazaar:

Step 1: Visit the official website of Policybazaar and click on ‘Term Insurance’ 

Step 2: Fill in your basic details like Name, DoB, and contact number and then click on ‘View Plans’. 

Step 3: Answer the questions about your smoking habits, your annual income, your type of occupation, and your qualifications. Do not forget to choose 1 Crore as your life cover.

Step 4: Next, a list of all available term insurance plans will be displayed. 

Step 5: Select the most suitable 1 Crore term plan from the available list and pay using your preferred payment method. 


  • Q: What is a PNB 1 Crore Term Insurance Plan?

    Ans: PNB 1 Crore Term Insurance Plan is designed to provide a financial safety net for your loved ones in the event of your untimely demise, offering a sum assured or 'death benefit' of Rs. 1 Crore.
  • Q: How do you determine the right coverage amount?

    Ans: When evaluating the right cover amount, you must consider factors like annual income, age, financial dependents, future needs, and outstanding loans. You can easily use Policybazaar’s term insurance calculator for accurate calculations.
  • Q: Why Buy PNB 1 Crore Term Insurance?

    Ans: You must buy PNB 1 Crore Term Insurance plan to get high coverage at low premiums and additional benefits like accidental death coverage, terminal illness benefits, and waiver of premium riders.
  • Q: Who Should Choose PNB 1 Crore Term Insurance?

    Ans: PNB 1 Crore Term Insurance is a great choice for young individuals, self-employed/business owners, newly married couples, parents with children, single earning members, and individuals with debts.
  • Q: What are the key benefits of PNB 1 Crore Term Insurance?

    Ans: The key benefits of PNB 1 Crore Term Insurance are affordability, additional benefits through optional add-ons, online availability for easy purchase, flexible payout options, and tax benefits under sections 80C and 10(10D) of the Income Tax Act.

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