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PNB 2 Crore Term Insurance

Securing your family's financial future involves detailed planning and a commitment towards keeping them free from all burdens. PNB 2 Crore term insurance plan provides a sum of Rs. 2 Crore to the nominee in the event of the policyholder's death during the policy term. PNB Metlife Insurance offers affordable premiums for a 2 Crore term insurance, ensuring that financial challenges won't concern your loved ones. Let's understand the details of PNB 2 Crore Term Insurance here.

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What is the PNB 2 Crore Term Insurance Plan? 

PNB 2 Crore Term Insurance Plan offers financial security to your family in the unfortunate event of your death. Hence, a 2 Crore term plan offered by PNB Metlife Insurance helps by offering a cover amount of Rs. 2 Crore so that you can be assured that your loved ones will have a financially protected future.

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How Does PNB 2 Crore Term Insurance Work? 

Buying the PNB 2 Crore Term Insurance Plan for a specific duration ensures that your assigned beneficiary/nominee receives a Rs. 2 Crore death benefit if you pass away unexpectedly. This policy is designed to secure your family's financial well-being during challenging times. With its affordable premiums and extensive coverage, the PNB 2 Crore term insurance plan is a reliable option for those looking to protect their family's future. 

Why Buy PNB 2 Crore Term Insurance? 

Here are some of the valid reasons why you should consider buying the PNB 2 Crore Term Insurance plan:

  • Affordable Coverage with High Benefits: The 2 Crore term insurance plan is affordable and budget-friendly, offering the benefits of a basic term plan at lower premiums compared to many other options. You can get the PNB 2 Crore term insurance plan at Rs. 1,485/month.

  • Additional Protective Features: The PNB 2 Crore term insurance plan enhances its coverage with extra benefits through riders, offering protection for risks like accidental death, terminal/critical illness, and premium waiver.

  • Supporting Your Family's Finances: The PNB Metlife Term Insurance plan of Rs. 2 Crores life cover makes sure that your family's financial needs are covered in your absence. Nominees can also use the death benefit to settle loans, and manage debts, or cover household and personal expenses.

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What are the Benefits of PNB 2 Crore Term Insurance? 

Here are some benefits of PNB 2 Crore Term Insurance:

  • Affordability: The premium for a 2 Crore term insurance is quite affordable, and purchasing it at a younger age allows you to get it at a much reasonable premium rate, i.e. Rs. 1,485/month.

  • Additional Benefits with Optional Add-ons: The PNB 2 Crore term insurance plan provides comprehensive life coverage and allows you to enhance it with additional features like critical illness, accidental death, and premium waiver riders. Although not required, these extra features offer added protection against various risks. Remember that you can only add these riders when initially purchasing the policy.

  • Easily Purchase Online: Getting a PNB 2 Crore Term Insurance plan online is easy and convenient, saving you from visiting a PNB branch or standing in queues. Through Policybazaar, you can buy it comfortably from home and get a 10% discount on online purchases through the Policybazaar website or app.

  • Flexible Payout Options: Unlike many insurance companies who provide the death benefit of term insurance plans all at once, you have options for how you receive it. For example, you can decide to receive a lump sum or get monthly income payments, giving you more control over managing your expenses.

  • Tax Benefits: Another significant benefit of acquiring the best term plan for 2 Crore 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. 2 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. 2 Crore coverage. You can use Policybazaar’s term policy 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, resulting in higher premium rates. Going for the PNB 2 Crore term insurance plan at a younger age ensures a comprehensive life cover at much lower rates, securing your loved ones' financial well-being and maintaining affordable premiums over time.

  • Financial Dependents and Their Needs: To figure out if a 2 Crore term insurance plan is sufficient, consider your family's needs and your responsibilities. Consider 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 ensure all your dependents, especially those relying on your support, have their financial needs covered.

  • Pay off Loans/Liabilities: When buying a term insurance plan, you should know all your pre-existing loans/debts, like home loans, car loans or education loans. Choosing a 2 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 2 Crore Term Insurance from Policybazaar?

Here are the steps to buy a 2 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 2 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 2 Crore term plan from the available list and pay using your preferred payment method.


  • Q. What is a PNB 2 Crore Term Insurance Plan?

    Ans: PNB 2 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. 2 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 2 Crore Term Insurance?

    Ans: You must buy PNB 2 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 2 Crore Term Insurance?

    Ans: PNB 2 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 2 Crore Term Insurance?

    Ans: The key benefits of PNB 2 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.
  • What are the benefits of term life insurance?

    Ans: Here are 4 common term life insurance benefits:
    • Low premium rates
    • Tax Benefits
    • Death Benefit
    • Long term coverage
  • What are the benefits of term life insurance?

    Ans: Below mentioned are the key features of a best term life insurance in India:
    • Affordable premium rates
    • Long-tenure life protection
    • Easy to understand and buy
    • Riders availability
    • Whole life protection
    • Tax benefits
  • What are the key features of a best term insurance plan in India?

    Ans: Let's understand what is term plan here. Term insurance offers financial protection for a certain period to the policyholder, thereby, offering a lump sum payout if the policyholder unfortunately passes away during the policy term.

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