In India, PNB Metlife provides a range of non-linked, non-participating term insurance policies. PNB Metlife Mera Term Plan, which offers life coverage ranging from INR 25 lakhs to INR 2 crores, is one of their well-liked policies. Clients have a 10-to 40-year insurance duration to pick from. The policy provides coverage up to the age of 80.
In the event that a family member passes away or is diagnosed with one of the 50 critical illnesses, it offers financial help. Additional benefits included with the plan include premium waivers for disability and accidental death, among other things. The cost of premiums for long-term protection is reasonable. PNB Metlife guarantees prompt claim payment thanks to its extensive network.
Key Features
• Sum assured range: INR 25 lakh to INR 2 cr
• Policy term: 10 to 40 years
• Premium payment term: Equal to policy term
• Entry age: 18-65 years (matures at maximum 80 years)
• Covers 32 critical illnesses
• Pays 100% of sum assured as lump sum
• Waiver of premium on total and permanent disability
• Additional 25% of sum assured on diagnosis of critical illness
• Accidental death benefit: 200% of annualized premium
• Return of premium option available
• Tax benefits as per IT Act
• Easy online purchase and paperless claim process
• Lifelong renewal regardless of health status
• Cashless claim settlement across India
• 24×7 customer support via app, website, call center
