PNB MetLife India Insurance

Pnb Metlife Term Insurance Policy And Plan

PNB MetLife India Insurance

99.06%
Claim Settlement Ratio

Our Verdict

PNB MetLife Mera Term Plan Plus is ideal for individuals seeking extensive coverage with customizable benefits. It offers lifelong security, spouse coverage, and critical illness protection, but additional features may increase premium costs.

About the Plan

Eligibility

Features of the Product

01

Terminal Illness

  1. Covered under Life Plus and Life Plus Health options.

    Pays the sum assured on death upon diagnosis of a terminal illness.

02

Total Permanent Disability Payout

  1. Available under Life Plus and Life Plus Health options.

    All future premiums are waived upon Accidental Total Permanent Disability (ATPD).

03

Inflation Protection Coverage

  1. Step-Up Benefit option allows coverage to increase by 10% annually for 10 years

04

Premium Payment Customizations

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    Exclusions

    Add-ons

    CIGARETTE

    If you smoke

    1. Smokers are charged higher premiums based on underwriting policies.

    Note :

    1. Suicide Clause : If the policyholder dies due to suicide within 12 months from:

      The policy commencement date, or

      The date of policy revival,

      The nominee will receive 80% of the total premiums paid or the surrender value (whichever is higher), provided the policy was in force.

    2. Free look up period: 30 days for policies purchased online or through distance marketing.

      15 days for policies purchased through other means.

      If the policyholder disagrees with the terms, they can cancel the policy and receive a refund after deductions for:

      Proportional risk premium for the covered period.

      Stamp duty charges.

      Medical examination costs (if any).

    3. Grace Period: 30 days for yearly, half-yearly, and quarterly premium payments.

      15 days for monthly premium payments.

      If the policyholder dies within the grace period, the claim is paid after deducting the due premium.

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