Prices Increasing soon Prices Increasing Soon

PNB 5 Crore Term Insurance

Securing your loved ones’ financial future involves detailed planning and a commitment towards keeping them free from all burdens. PNB 5 Crore term insurance plan provides a sum of Rs. 5 Crore to the nominee in the event of the policyholder's death during the policy term. PNB Metlife Insurance offers affordable premiums for a 5 Crore term insurance, ensuring that financial challenges won't concern your loved ones. Let's understand the details of PNB 5 Crore Term Insurance here.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount# for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from /month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
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.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

What is the PNB 5 Crore Term Insurance Plan? 

PNB 5 Crore Term Insurance Plan offers financial security to your family in the unfortunate event of your death. Hence, a 5 Crore term plan offered by PNB Metlife Insurance helps by offering a cover amount of Rs. 5 Crore so that you can be assured that your loved ones will have a financially protected future.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

How Does PNB 5 Crore Term Insurance Work? 

Buying the PNB 5 Crore Term Insurance Plan for a certain duration ensures that your assigned nominee receives a Rs. 5 Crore death benefit if you die unexpectedly. This plan is designed to secure your family's financial well-being during challenging times. With its affordable premiums and extensive coverage, the PNB 5 Crore term insurance plan is a reliable option for those looking to protect their family's future. 

Why Buy PNB 5 Crore Term Insurance? 

Here are some of the valid reasons why you should consider buying the PNB 5 Crore Term Insurance plan:

  • Affordable Coverage with High Benefits: The 5 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 5 Crore term insurance plan at Rs. 5,175/month.

  • Additional Protective Features: The PNB 5 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. 5 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, manage debts, or cover household and personal expenses.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 10%#

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

What are the Benefits of PNB 5 Crore Term Insurance? 

Here are some benefits of PNB 5 Crore Term Insurance:

  • Affordability: The premium for a 5 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. 5,175/month.

  • Additional Benefits with Optional Add-ons: The PNB 5 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 5 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 5 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. 5 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. 5 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 5 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 5 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 5 Crore term insurance policy is wise as it gives you a relatively high coverage compared to other options, helping you achieve your life goals.

Who Should Buy PNB 5 Crore Term Insurance?

Here is a list of people who should buy PNB 5 Crore Term Insurance:

  • Young individuals

  • Newly married individuals

  • Self-employed/Business Owners

  • People with loans/debts 

  • Parents with children 

  • Sole breadwinner of the household

How do you buy 5 Crore Term Insurance from Policybazaar?

Here are the steps to buy a 5 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 5 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 5 Crore term plan from the available list and pay using your preferred payment method.

FAQs

  • Q. What is a PNB 5 Crore Term Insurance Plan?

    Ans: PNB 5 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. 5 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 5 Crore Term Insurance?

    Ans: You must buy PNB 5 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 5 Crore Term Insurance?

    Ans: PNB 5 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 5 Crore Term Insurance?

    Ans: The key benefits of PNB 5 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.

Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in



Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance

Term insurance Articles

  • Recent Article
  • Popular Articles
27 Nov 2024

Is Term Insurance Covered Under 80C?

Yes, term insurance is covered under 80C. Term insurance not

Read more
27 Nov 2024

Secure Your Future with Term Insurance: A Guide...

Chennai, a bustling city of dreams and opportunities, is home to

Read more
27 Nov 2024

How to Apply for National Overseas Scholarship...

When it comes to financial planning, securing your family’s

Read more
26 Nov 2024

Digit Glow Term Life Insurance Plan

Digit Glow Term Life Insurance is specifically designed to meet

Read more
26 Nov 2024

Claim Guarantee in Term Insurance: Assurance with...

A term insurance policy ensures that your family is financially

Read more

Term Insurance Calculator Online : Get Instant...

Term Insurance Calculator [[ Term Insurance Calculator - Calculate your term insurance premium for free Term

Read more

LIC Money-Back Plan - 20 Years Maturity Calculator

LIC Money-Back Plan - 20 Years Maturity Calculator LIC Money Back Plan is no longer available for sale, as the plan

Read more

Best Term Insurance Plan for 1 Crore : Buy Best...

Best Term Insurance Plan for 1 Crore 1 crore term insurance plan provides financial security to your family by

Read more

Claim Settlement Ratio of Term Insurance Plan...

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

Read more

LIC Policy for Girl Child in India

A LIC policy for a girl child is a plan that combines protection and savings while also providing your daughter

Read more
Need Help? Request Callback
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL