PNB MetLife has launched new online Term Plan

PNB Metlife has launched Mera Term Plan which along with protection offers increasing monthly income option 12% per annum and also provides individual cover to the spouse in the same policy.

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Last Updated - May 15, 2023

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PNB MetLife has launched new online Term Plan

PNB Metlife has launched Mera Term Plan which along with protection offers increasing monthly income option 12% per annum and also provides individual cover to the spouse in the same policy. So, in case of demise of policyholder the beneficiary gets the lump sum amount all future premiums for partner’s cover will be waived off.

PNB MetLife forayed into the online distribution space with the launch of its popular health plan ‘MetLife Major Illness Premium Back Cover’ (MMIPBC).

PNB MetLife India Insurance Company is a joint venture between MetLife International Holdings Inc. (MIHI), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, with MIHI and PNB being the majority shareholders. It has a wide range of insurance products to service its customers. It has more than 50,000 insurance advisors who help customers choose the right insurance plans in more than 600 locations across India.

Mera Term Plan Eligibility conditions:-

Particulars

Minimum

Maximum

Entry Age (in years)

Sum Assured

10,00,000

Policy Term (in years)

10-40

Premium Payment Term (in years)

Equal to policy term

Premium Payment Frequency

Annual and monthly