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PNB MetLife Insurance

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PNB MetLife Insurance

Overview
PNB Metlife India Insurance Co. Limited is one of the foremost Indian life insurance companies and major shareholders include Punjab National Bank Limited, MetLife International Holdings LLC, M. Pallonji and Company Private Limited and the Jammu and Kashmir Bank Limited along with other private investors. The company has a presence across 111 locations in India with more than 100 million customers served.

There are retirement and protection insurance products offered through a network of banking partners and more than 10, 000 financial advisors. The company also has Employee Benefit plans for more than 800 corporates in the country. The company was founded in the year 2001.

PNB MetLife insurance at a glance
  • Awarded the “Most Sustainable Company of India” at the India Sustainability Leadership Summit in 2015
  • Present in over 115 locations across the country
  • Over 100 million customers in more than 8,700 locations
  • Over 3.6 million lives insured in India
PNB Metlife India Insurance Co. Limited Term Plans
There are various Term plans offered to customers and these policies help in building up savings for the future in tandem with ensuring adequate life coverage throughout all stages of life and even protection for tackling critical ailments. There is a sum assured at the time of maturity along with reversionary bonuses and terminal bonuses if applicable.

Documentation needed to apply for PNB MetLife insurance
  • Age proof - (Any One)
    Driving License, Passport, Voter ID Card, Birth Certificate, etc
  • Identity proof – (Any One)
    Driving License, Passport, Voter ID card, PAN Card, Aadhar Card, or any document which proves citizenship
  • Income proof
  • Address proof – (Any One)
    Driving License, Passport and Utility Bill should clearly mention the permanent address
  • Income proof – (Any One)
    Salary Slip, Form 16, ITR
  • Recent passport size photograph
PNB Metlife Term Insurance Plans
  • MetLife Mera Term Plan: MetLife Mera Term Plan is available for individual between 18 to 65 years offering a minimum sum assured of Rs. 10, 00,000 with a coverage period ranging from 10 to 40 years. The Plan offers flexibility to choose from four payout options and offers coverage for spouse in the same policy
  • PNB MetLife Family Income Protector Plus: PNB MetLife Family Income Protector Plus is a term insurance plan offering a guaranteed monthly income up to 20 years for your family. The plan offers both Term Cover and Term with Return of Premium options.
1: MetLife Mera Term Plan: MetLife Mera Term Plan is a pure term insurance plan available for individual between 18 to 65 years offering a minimum sum assured of Rs. 10, 00,000.

Advantages and benefits
  • Joint life benefit to cover your spouse in the same policy.
  • Coverage for partner is limited to 50% of your sum assured (max limit – 50 Lakhs)
  • Customizable protection plan with four payout options
Feature Description
Min/Max Age at entry 18-65 years
Maturity Age 75 years
Minimum Sum Assured Rs. 10,00,000
Coverage Period 10-40 years
Premium paying term (PPT) Same as coverage period.

https://www.pnbmetlife.com/insurance-plans/protection/mera-term.html

2: PNB MetLife Family Income Protector Plus: PNB MetLife Family Income Protector Plus is a term insurance plan offering a guaranteed monthly income up to 20 years for your family.

Advantages and benefits
  • The plan comes with a choice between a term cover and a term with return of premium option.
  • Flexible monthly income options of Rs.10, 000, Rs.25, 000, Rs.50, 000, Rs.75, 000 & Rs.100, 000.
  • 110% of your base premium paid back at the end of the policy term if opted for return of premium option.
Feature Description
Min/Max Age at entry 25 years – 60 years (55 for Policy term 20 years
Max. age at maturity 75 years
Monthly Income Options Rs.10,000/-, Rs.25,000/-, Rs.50,000/- Rs.75,000/- & Rs.100,000/-
Plan options Term Cover & Term with Return of Premium Option(TROP)
Premium paying options Yearly, Half-Yearly, Monthly & PSP modes

https://www.pnbmetlife.com/insurance-plans/protection/family-income-protector-plus.html