PNB MetLife DigiProtect Term Insurance Plan

PNB MetLife insurance company has recently introduced its new term insurance plan called PNB MetLife DigiProtect Term plan. The plan offers affordable premiums with salaried customer discounts for life cover as well as an early payout in case of a terminal illness diagnosis. With this PNB MetLife term insurance, your nominee will receive express claim payouts with the benefit to choose the suitable benefit payout option. Let us take a look at the key features and benefits of this term insurance plan.

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Key Features of PNB MetLife DigiProtect Term Plan

This term insurance plan offers pure risk protection with early payout on terminal illness diagnosis.
You get the option of choosing the most suitable payout option from lumpsum, monthly income, or lumpsum + monthly income.
You can choose to exit the plan early and receive all the premiums paid back with the Special Exit Value option.
The plan offers enhanced affordability with discounts for salaried individuals.
You can use the Premium Break option and skip paying premiums for up to 1 year in case of financial hardships.
Your nominee will receive Express Claim Payout in the unfortunate demise of the policyholder.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Benefits of PNB MetLife DigiProtect Term Plan

Death Benefits

In the event of the policyholder’s untimely death during the policy term, the insurance company will pay out the ‘Sum Assured on Death’ which will be the higher of the following:

7 times the Annualised Premium
105% of the total premiums paid till the date of death or the diagnosis of terminal illness
Basic Sum Assured, which is the absolute amount to be paid on death

After the complete payout of the death benefits or terminal illness benefits, the policy will terminate.

Terminal Illness Cover

In case the policyholder is diagnosed with a terminal illness during the policy term, the insurer will pay the ‘Sum Assured on Death’ in the selected benefit payout option. The policyholder will be considered terminally ill, in case he/she is diagnosed with an illness that two doctors can confirm, reduces the lie expectancy of the policyholder to 12 months.

Benefit Payout Options

You or your nominee can choose to receive the benefit payout in the most suitable payout options from lumpsum benefit, monthly income benefit, or lumpsum plus monthly income benefits. The monthly income option will pay the benefits over a period of 10 to 35 years.

Special Exit Value

The Special Exit Value offers the option to exit the policy at a specific stage and receive back all the premiums paid till that point to keep the policy active. To use this option, the policy should have at least 40 year policy term and can be used at 30th policy year for regular pay or 25 policy year for limited pay options. This is an inbuilt option and on the refund of premium to the policyholder, the policy will terminate.

Premium Break

With this PNB term insurance plan, you get the option of taking multiple Premium Breaks. This option allows you to skip premium payments for 12 months while keeping the policy and its cover active. This feature offers flexibility in financial emergencies and reduces stress of premium payments. This Premium Break option is available free of charge and at the end of the premium break period, you will be required to pay the remaining premiums to continue the policy cover.

Eligibility Conditions for PNB MetLife DigiProtect Term Plan

Parameters	Minimum	Maximum
Entry Age	18 years	60 years
Maturity Age	28 years	85 years
Policy Term	10 years	67 years
Sum Assured	1 Crore	No limit
Premium Payment Term	Regular and Limited Pay (10, 15, 20, Pay Till 60)

* You can use the term insurance premium calculator to check the premiums applicable for your profile.

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Additional Policy Details for PNB MetLife DigiProtect Term Insurance

Here are the additional policy details of the PNB MetLife DigiProtect Term plan:

Express Claim Payout: Your nominee will receive an express claim payout of 3 Lacs on informing the insurer of the policyholder’s death. The nominee needs to submit the claim form will all the required documents attached. The express claim amount paid will be taken out of the Sum Assured on Death, and the option will be available after a waiting period of 3 years from date of policy purchase or policy revival.

Flexible Premium Payment Modes: You can choose to pay the premiums in an Annual, half-yearly, quarterly, or monthly premium payment modes.

Changing the Premium Payment Modes: You can change the premium payment mode by providing the insurer a written request. The premium change selected will be applicable only from the date of policy anniversary after your written request submission.

Grace Period: The policy provides a grace period of 15 days for monthly premium payment modes and 30 days for all the other premium pay modes. In case of death during the grace period, the policy will offer cover, but the due premium amount for the policy year will be deducted from the payout.

Premium Discontinuance: If the policyholder fails to pay the premiums on the due date or within the grace period, the policy will go into lapse. While the policy is lapse, no cover will be provided in case of death while the policy is in lapse.

Unexpired Risk Premium Value: For limited pay policies, the unexpired risk premium will be paid during the policy term, as per the following:

Y% x (total months remaining to maturity) / (Total months in the policy term) x total premiums paid

Discounts: You can receive 12% online discounts, 5% salaried discounts, 4% tax benefits with a total of 21% discounts in the first year.

Policy Revival: In case your policy has lapsed, you can revive your term insurance by providing a written notice, paying the remaining premiums with due interest, within the first five years of policy lapse.

Exclusions

The policy has a suicide exclusion, where death due to suicide will not be covered within the first 12 months from the date of policy issuance or revival. In case of suicidal death, 80% of the premiums paid till then will be returned to the nominee.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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