PNB MetLife Insurance Plans & Savings Products
Secure your future with reliable lifecover, health protection, and wealthbuilding solutions from PNB MetLife.
Why Choose PNB MetLife?
- Backed by the trusted partnership of Punjab National Bank and MetLife International.
- Wide range of products that blend protection with savings.
- Simple online application and claim processes.
- Competitive premiums and flexible payment options.
Core Insurance Plans
1. MetLife Life Cover (Term Insurance)
Pure protection for a chosen term 10, 15, 20 or 30 years. No surrender value, but high coverage at low premiums.
- Sum Assured up to10crore.
- Optional riders Accidental Death, Critical Illness, Waiver of Premium.
- Renewable up to age65.
2. MetLife Money Back Plan
A hybrid of protection and savings. Receive a percentage of the sum assured at regular intervals, while the policy remains in force.
- Policy term: 20years (payable for 5, 10 or 15 years).
- Survival benefit: 20% of SA every 5 years.
- Final lumpsum at maturity.
- Rider options for critical illness and accidental death.
3. MetLife Whole Life Plan
A lifelong protection plan that also builds cash value. Suitable for those who want a legacy for their heirs.
- Coverage for whole life, with guaranteed death benefit.
- Cash surrender value grows each year.
- Payable for 10, 15, or 20 years.
- Loan facility against cash value.
4. MetLife Critical Illness Cover
Onetime lumpsum payout on diagnosis of a listed critical illness (cancer, heart attack, stroke, etc.).
- Cover up to5crore.
- Free health checkup on enrollment.
- Can be bought as a rider or standalone policy.
Savings & Investment Solutions
1. MetLife Savings Plus Plan
A traditional endowment plan with a guaranteed maturity benefit and optional bonuses.
- Policy term: 15years.
- Payable: 5, 10 or 15 years.
- Guaranteed maturity amount + reversionary bonuses.
- Death benefit equal to sum assured plus accrued bonuses.
2. MetLife Retirement Plan
Designed to create a steady income stream after retirement. Combines protection with a regular annuity.
- Accumulate for 2030years, then receive monthly payouts.
- Choice of payout period 5, 10, 15 years or lifelong.
- Optional topup contributions to boost corpus.
3. MetLife ULIP (UnitLinked Insurance Plan)
Invest in marketlinked funds while enjoying lifecover. Flexibility to switch funds as goals change.
- Multiple fund options equity, debt, balanced.
- Partial withdrawals permitted after 5 years.
- Transparent charges fund manager fees, mortality charge.
- Sum assured is the higher of SA or 10times annual premium.
How to Buy a PNB MetLife Policy
- Online: Visit the official PNB MetLife website, select a product, and complete the digital application.
- Through PNB Branch: Meet a PNB MetLife relationship manager for personalized advice.
- Phone: Call the 24hour helpline to speak with a representative and start the process.
- Required Documents: Proof of identity, address, age (birth certificate or school certificate), and income proof for high sum assured.
Common Questions
What is the claim settlement ratio?
PNB MetLife consistently records a claim settlement ratio above 95%, reflecting prompt and fair claim handling.
Can I change the sum assured after buying?
Yes, most plans allow a review and increase of the sum assured during the policy term, subject to underwriting and additional premium.
Is there a free-look period?
All policies come with a 15day freelook period from the date of receipt of the policy document. You can surrender the policy and receive a refund of premiums paid (minus charges).
Are there tax benefits?
Premiums paid for lifeinsurance qualify for deduction under Section80C of the Income Tax Act (up to 1.5lakh). Additional deduction for healthlinked riders is available under Section80D.
Contact & Support
For personalized advice, call 18004255555 (tollfree) or email service@pnbmetlife.com. You can also chat live on the website for instant assistance.
PNB MetLife Insurance Plans And Savings Products and Reference File Download Link
ICICI Pru Guaranteed Savings Insurance Plan and Reference File Download Link