PNB MetLife Mera Term Plan Insurance Policy

At PNB MetLife, the term insurance plans offer tailor-made cover options, freedom to choose benefits, flexibility to increase life cover pertaining to your requirement, lifestyle and needs, thereby giving you the opportunity to have a customized term insurance plan just for you.



Don't you think it is time to get yourself a PNB MetLife Term Insurance Plan? Read up and apply for one today! It's time to live!

PNB MetLife Mera Term Plan is a simple and easy to buy solution that helps you do just that
Safeguard your family’s financial independence even in your absence
Joint life benefit to cover your spouse in the same policy
Freedom for your children to pursue their dream career and goals without any financial worries

PNB MetLife Mera Term Plan Insurance Policy Product Benefits : 

PNB MetLife Mera Term Plan is a customizable protection plan which gives you the flexibility to choose from four payout options and also offers coverage for your spouse in the same policy.

PNB MetLife Mera Term Plan Full Lump Sum Payout
PNB MetLife Mera Term Plan Payout as Lump Sum+ Regular Monthly Income
PNB MetLife Mera Term Plan Payout as Lump Sum+ Increasing Monthly Income
PNB MetLife Mera Term Plan Payout as Lump Sum+ Regular Monthly Income till child turns 21

PNB MetLife Mera Term Plan additional protection is available for : 

Key Benefits of PNB MetLife Accidental Death Benefit Rider Plus

Every person needs a health insurance policy in India as per their unique requirements and we at PNB MetLife recognize this. You may opt for this along with your basic policy and shape your personal accident insurance policy to suit your individual needs, at a nominal premium.

  • PNB MetLife Accidental Death Benefit Rider Plus ensures
  • Affordable premium at nominal rate
  • Additional protection to coverage under base policy
  • Flexibility to choose rider term and Sum Assured to meet varying
  • Tax advantages on the premiums paid and on the benefits received
  • Terms & Conditions apply

PNB MetLife Accidental Death Benefit Rider Plus Eligibility: 


ParticularsBoundary Conditions
Age at Entry(1)18 years - 65 years
Cover Ceasing Age70 years
Policy Term(2)5 years - 30 years (40 years if opted ‘On Line’ through PNB MetLife Website
Premium Payment ModesSingle, Yearly, Half-yearly, Quarterly, Monthly* & Payroll savings program.
Premium Payment OptionsSingle5 Pay10 PayRegular Pay
Minimum Rider
Sum Assured(3)
Rs.1,50,000
(Rs. 5 lacs for 'On Line')
Rs.1,50,000
(Rs. 5 lacs for 'On Line')
Rs.50,000
(Rs. 5 lacs for 'On Line')
Rs.50,000
(Rs. 5 lacs for 'On Line')
Maximum Rider
Sum Assured(3)
Rs.1 Crore
(Rs. 2 Crore for 'On Line')
Rs.1 Crore
(Rs. 2 Crore for 'On Line')
Rs.1 Crore
(Rs. 2 Crore for 'On Line')
Rs.1 Crore
(Rs. 2 Crore for 'On Line')
Min. Annualized Rider Premium(4)Rs.465Rs.285Rs.60Rs.37.50
Max. Annualized Rider Premium(4)Rs.2,48,724Rs.42,432Rs.23,747Rs.10,476
*ECS Mandatory
Age Last Birthday
The Rider Policy Term can be equal to or Less than the Base Policy Term
Subject to the condition that the Rider Sum Assure is less than the Base Policy Sum Assured
Exclusive of Taxes
*Age Last Birthday, ECS mandatory for monthly mode, Min/Max premiums does not include the taxes or extra premiums.


PNB MetLife Personal Accident Insurance : 

Every person has different needs and we at PNB MetLife recognize this. To give you the flexibility to customize and enhance your personal accident insurance, we offer you Accidental Disability Benefit Rider – an accidental disability insurance rider which you may opt for along with your basic policy. This will help you shape your policy to suit your individual needs for a nominal premium. MetLife Accidental Death Benefit Rider Plus is a non-linked health insurance policy rider.

MetLife Accidental Disability Benefit Rider ensures

  1. Affordable premium at a nominal rate
  2. Additional protection against impairment due to accidents
  3. Flexibility to choose Sum Assured to meet varying needs

PNB MetLife Mera Term Plan Insurance Policy
PNB MetLife Mera Term Plan Insurance Policy
The chosen Accidental Disability Benefit shall be payable, upon the life insured meeting with an accident that results in him/ her being subject to one (or more) of the following impairments (arising within 180 days from the date of accident and independent of all other causes).
The benefits under the rider shall be paid even in case when accident happens during the policy term and disability occurs beyond the policy tenure but happens within 180 days from the date of the accident. The impairments are as follows:

Total and irrecoverable loss of sight of both eyes.
Amputation or loss of use, of both hands at or above the wrists or
Amputation or loss of use, of both feet at or above the ankles or
Amputation or loss of use, of one hand at or above the wrist and one foot at or above the ankle.
The above disability must have lasted, without interruption, for at least 180 consecutive days and must be deemed permanent by a panel of independent medical practitioners.

The Policyholder can opt for this Rider either at inception along with Base Policy or at any Policy Anniversary under the Base Policy during its tenure.

PNB MetLife Mera Term Plan Critical Illness Insurance : 

In these days of increasing stress, good health is a major concern for all of us. With a fast-paced life, the chances of contracting serious illnesses like a heart attack or cancer have increased. Thankfully, with medical advancement, the chances of surviving them are also high – but so are the costs of such treatments. These major illnesses affect the family emotionally as well as financially. While we may not be able to predict or prevent these diseases from occurring, we can certainly protect against it. Life insurance companies in India provide many critical health insurance plans. MetLife Critical illness rider is a non-linked, non-participating health insurance rider.

MetLife Critical Illness Rider ensures
  1. Get additional protection against cancer and heart attack.
  2. Stay protected with additional cover under base policy.
  3. Flexibility to choose Sum Assured to meet varying needs
The chosen Critical Illness (CI) Sum Assured shall be payable upon the first diagnosis of one of the covered Critical Illnesses (listed below), provided the following:
The Person Insured survives for at least 30 days from the date of first diagnosis.
The critical illness is diagnosed after the completion of the Waiting Period of 90 days from date of commencement or reinstatement, as applicable.
The Critical Illness conditions are; 
First Heart Attack – Of Specified Severity
Cancer Of Specified Severity

PNB MetLife Mera Term Plan Key Benefits of PNB MetLife Serious Illness Rider


Health Insurance Plan
In these days of increasing stress, good health is a major concern for all of us. With PNB MetLife Mera Term Plan  fast-paced lives, the chances of contracting serious illnesses like heart attacks or cancer have increased. Thankfully with medical advancement, the chances of surviving them are also high but so are the costs of such treatments. These major illnesses affect the family emotionally as well as financially. While we may not be able to predict or prevent these diseases from occurring, we can certainly protect against them by investing in a critical illness insurance or a serious illness cover such as PNB MetLife Serious Illness Rider.

PNB MetLife Serious Illness Rider ensures
  1. Reasonable premium at nominal rate
  2. Stay protected with additional health cover under base policy
  3. Flexibility to choose rider term and Sum Assured to meet varying needs 
  4. Tax advantages on the premiums paid and on the benefits received

ParticularsBoundary Conditions
Age at Entry(1)18 years - 65 years
Maximum Maturity Age70 years
Policy Term(2)5 years - 30 years
Premium Payment ModesSingle, Yearly, Half-yearly, Quarterly, Monthly* & Payroll savings program.
Premium Payment OptionsSingle5 Pay10 PayRegular Pay
Minimum Rider Sum Assured(3)Rs. 50,000(Rs. 5 lacs for 'On Line')Rs. 50,000(Rs. 5 lacs for 'On Line')Rs. 50,000(Rs. 5 lacs for 'On Line')Rs. 50,000(Rs. 5 lacs for 'On Line')
Maximum Rider Sum Assured(3)Rs. 50,00,000Rs. 50,00,000Rs. 50,00,000Rs. 50,00,000
Min. Annualized Rider Premium(4)Rs.263Rs.70Rs.62Rs.62
Max. Annualized Rider Premium(4)Rs.8,65,300Rs.1,94,450Rs.1,17,400Rs.1,38,400

ECS Mandatory
Age Last Birthday
The Rider Policy Term can be equal to or Less than the Base Policy Term
Subject to the condition that the Rider Sum Assure is less than the Base Policy Sum Assured.
Exclusive of Taxes
*Age Last Birthday, ECS mandatory for monthly mode, Min/Max premiums does not include the taxes or extra premiums.





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