PNB MetLife Term Insurance for NRI

Life is full of unpredictability, which makes buying of term insurance plan highly important. India has evolved as an essential global provider in the world. In spite of, Indians are staying in foreign countries, they have their family members or house in India. So, the term insurance for NRIs has become as important as it is for Indian Residents. 

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NRIs are a great investor in the Indian industry and help in the growth and development of the country. PNB MetLife offers a comprehensive range of term insurance plans for NRIs that helps in securing their families back in India. Let us look at the PNB MetLife Term Insurance for NRI:

What is Term Insurance?

Term insurance is a type of pure protection life insurance plan where you have to pay a premium amount on a regular basis for a fixed term or period so your beneficiaries can claim a specific sum assured amount at the time of any unfortunate event. Since term plan offers a high cover of the death benefit at comparatively lower premium rates, various people opt to purchase term insurance as opposed to other types of life insurance policies.

PNB MetLife Term Insurance Plans for NRI

The term insurance market in India has emerged importantly and allows even Non-Resident Indians to be eligible and purchase term insurance. PNB MetLife Term insurance for NRIs can be provided to them, based on their requirements. Some of the points to keep in mind when you purchase term insurance are specified below:

  • If you are an NRI, you can buy either of one of the 2 alternatives:

    Either you purchase a term insurance plan when you come to India and complete the same documentation or formalities as a citizen of India or

    You buy term insurance from your present residential place in a foreign by performing mail order business. This would provide a detailed verification which would be performed by the notary or the Indian embassy.

  • As a Non-Resident Indian (NRI), you can opt for online premium payment but are required to open an account in one of the mentioned banks as stated by the Insurer. Additionally, you can also perform remittances in the currency of your selection through an NRE or NRO account. The death payout would be payable into chosen account.

  • If the involved risk is similar, there will be no such difference in the premium amount paid by an Indian citizen or an NRI.

Best PNB MetLife Term Insurance Plans for NRI

Here is a list of PNB MetLife Term Insurance Plans for NRIs

PNB MetLife Term Insurance Plans Entry Age Maturity Age Sum Assured
Minimum SA Maximum SA
PNB MetLife Mera Term Plan Plus 18 years -60 years 99 years Min: 25 Lakhs No Limit
PNB MetLife Mera Term Plan 18 years -65 years 99 years Min: 5 Lakhs 500 Crores

  1. PNB MetLife Mera Term Plan

    It is an individual, non-participating, non-linked pure protection plan that offers simple solutions which help to protect the financial future of your family. It has been specifically designed to address all your protection requirements at a low cost.

    Key Features of PNB MetLife Mera Term Plan

    • The plan provides coverage at a low cost

    • Coverage up to 99 years

    • Personalize your policy with different options

    • Low premium rates if you are a non-smoker

    • Protection of life stage for your changing protection requirements

    • Tax savings benefit as per the prevailing laws of the Income Tax Act, 1961.

    Why Buy Term Life Insurance from Policybazaar Why Buy Term Life Insurance from Policybazaar
  2. PNB MetLife Mera Term Plan Plus

    It is a non-linked, individual, non-par, pure risk life insurance plan which is specifically designed protection policy that offers life coverage till 99 years of age even as you select to pay a premium amount for a limited time. You can also protect your partner under the same term plan.

    Key Features of PNB MetLife Mera Term Plan Plus

    • Return of premium option

    • Child education support benefit

    • Cover up to 99 years

    • Joint life option

Benefits of PNB MetLife Term Insurance for NRI

  1. Long term protection

    Insurance plans offer protection for a long time to the policyholder and their loved ones. You can select a term that covers up to 100 years.

  2. Financial Stability

    Term insurance plans help Non-Resident Indians to protect the future of their family by offering financial stability even when the bread-winner is not around.

  3. Mind Peace

    Term plans provide comprehensive security to family members which helps in leading life happily without worrying about future needs.

  4. Tax Benefit

    Non-Resident Indians are eligible to save tax on the premium amount paid u/s 80C of the ITA. Moreover, the maturity payouts received under the plan are also exempt from tax u/s 10(10D) of the Income Tax Act, 1961.

Factors To Consider Before Purchasing PNB MetLife Term Insurance for NRI

It is important that you should carefully understand your term insurance plan before opting for PNB MetLife Term Insurance for NRI online:

  1. Premium rates of term insurance

    There are a number of insurers available in India. Therefore, before purchasing the first plan, you should carefully understand it thoroughly. Compute your premium rate using the online term insurance premium calculator and compare the same plan with others as well as the premium amount if you opt for an insurer from your residential country. Check the plan that is more economical and is valued better before making the right choice.

  2. Tax Benefits

    PNB MetLife Term Insurance plan for NRIs provides you tax savings benefit. However, this sum may not be 100 percent tax-free. Research and analyze these tax savings benefit before choosing any insurer.

  3. Claim Settlement Ratio (CSR)

    CSR value indicates how many claims have been settled by the insurer against the number of filed claims. Higher the CSR, the higher the reliability of the insurance company. PNB MetLife has a CSR ratio of 98.17%, showing the quick settling of claims. So it is always advisable to check the CSR of the insurer along with the time they take to settle the claim.

Types of Term Plans


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PNB MetLife Term Insurance for NRI Reviews & Ratings

4.3 / 5 (Based on 25 Reviews)
(Showing Newest 10 reviews)
Ganesh
Bhiwadi, March 02, 2021
Low premiums
I got my term insurance plan of pnb metlife insurance policy from the policybazaar. I got the premium rate too much low and into my budget instead. I am happy that policybazaar helped me in getting best plan.
Karuna
Anaparthi, February 19, 2021
Hassle free services
I have taken the pnb metlife term insurance policy from the policybazaar. It is hassle free to buy the term insurance plan from the website of the policybazaar and they provide with so much of details to me. Great work thanks a lot team.
Maninder
Chennai, October 18, 2016
PNB Term plan
PNB metlife life insurance is the company from which i bought term insurance policy. The policy coverage is high and premium is less. Claiming is simple and online renewals make so simple through online portal. The inbuilt benefits are awesome which makes policy perfectly for everybody.
Naman
Durgapur, September 26, 2016
Beneficial Policy
PNB metlife life insurance is my term insurance policy insurer. I got it in very low investment which facilitate me very big in return. Service is fabulous provided by the executives of the insurance company. Coverage and claims are huge and easily get.
Zara
Bhiwadi, August 25, 2016
Term plan
The term insurance policy i have purchased from pnb metlife insurance company. Service provided is fast and claims are even better. Online renewals are the best thing which makes more easier way to continue the plan. It reduces paperwork and documentation.
Abhishek
Shikarpur, April 14, 2016
Perfect Plan
I own pnb metlife term insurance policy plan which provide good facilities. The policy coverage is 94% and premium is ~Rs.21 K quarterly per year. Claims are easy to get due to rapid service provided by executives and staff members. Good tax saver and great future investments.
Hemant
Nilgiris, April 14, 2016
Awesome
I have term insurance policy plan like everyone else from pnb metlife life insurance. Really I personally feel this policy is the best with great benefits like best future security and it save tax also. Policy coverage is around 86%. I must say the service is really good which facilitate from executives and staff members. The claim are high and sanctioned easily.
Omesh
R.k.nagar, April 14, 2016
Fantastic
With friend advice got a term insurance policy plan with pnb metlife life insurance. The policy is good with good benefits. The policy coverage is 92%, service is good provided by the executives, claims are done in small period of time. Satisfied...
Bhavya
Ratangarh, April 14, 2016
Fair Deal
I purchase term insurance policy plan from pnb metlife life insurance. The policy coverage is good ~83%. The services are average but nice and on time. The claiming experience is nice, even the payback recovery is fast. The behaviour through executives is good. Nice plans, I like it.
Mankaran
Haldwani, April 14, 2016
Good Plan
I buy term policy plan from pnb metlife life insurance. My policy plan was an average one. Policy coverage is 77%, Claims are around 29 L and the service is bit slow that's why the claims take time to sanctioned. The behaviour of executives and staff members is nice.Good job.
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