Our Verdict
PNB MetLife's term insurance policies offer comprehensive coverage, including waiver of premiums upon diagnosis of terminal illness or accidental disability. They provide accelerated payouts for terminal illnesses and offer whole life cover options .Additionally, discounts are available for female customers and other categories.
Pros
Waiver on premium
All future premiums, including add-ons like spouse and step-up benefits, are waived
Security till 99
Secure your life till 99 years of age
Extended spouse coverage
Optional spouse cover up to 50% sum assured, Your partner will continue to get coverage even in your absence
Pros
Cons
High complaint volume
Notable number of customer complaints per 10,000 claims filed
Stringent Medical Underwriting
Comprehensive health evaluations may lead to policy issuance delays.
Lack of pay options
Not many pay options are available to fasten the process.
Cons
Company Stats
Industry Avg.
PNB MetLife India Insurance
Premium Underwritten
Industry Avg.
PNB MetLife India Insurance
Solvency Ratio
Rating 6.6/10
About the Company
PNB MetLife is a collaboration between Punjab National Bank and MetLife, dedicated to providing comprehensive life insurance solutions tailored to the diverse needs of Indian families. Their Mera Term Plan Plus is a customizable term insurance offering that provides life coverage up to the age of 99. This plan allows policyholders to include their spouse under the same policy and offers options for premium return upon survival. Additionally, it provides coverage enhancement choices, such as protection against critical illnesses and accidental disabilities, ensuring a robust safety net for policyholders and their loved ones.
The managing director and CEO of this reputed organization Mr Sameer Bansal, follows the ‘Circle of Life’ philosophy to formulate their products and policies that can cater to the different phases of an individual’s life.
Insurance Policies
KYC Documents Required
Pan Card No.
Aadhar Card
Recent Photograph
Cancelled Cheque with Name Printed
Bank Statements
Salary Slip of Latest 3 Months
Covid Vaccination
Claim Settlement
Claim Procedure
Renewal
Online Renewal
Offline Renewal
Key points to remember during Renewals
Customer Support
Talk to an OneAssure Insurance Expert for FREE.
Toll Free - 1800 425 6969,
E-mail - claimshelpdesk@pnbmetlife.com