1800 425 6969
  • Return of Premiuim on Term Insurance Plan
  • Heart & Cancer Care with Return of premium (net of claims paid) Product

Benefits of PNB MetLife Mera Heart & Cancer Care with Return of Balance Premium

    1. Customizability Choose the disease that you want to be insured against with multiple options.
    2. Comprehensiveness The plan comes with an inbuilt life and terminal illness cover along with your health cover.
    3. Benefit Payouts Get comprehensive stage-based benefit payouts across all stages of illnesses, based on criticality.
    1. No survival clause No restriction on the minimum number of days the insured has to survive, for the benefit payout to be processed.
    2. Value for money Option to get back all premiums paid on maturity of the policy.
    3. Tax Benefits Get benefits under prevailing income tax laws
  Minimum Maximum
Sum Insured (Rs) Cancer Cover 5,00,000 40,00,000
Heart Cover 5,00,000 40,00,000
Heart and Cancer Cover 10,00,000 80,00,000
Entry age (years)# 18 65
Maturity age (years)# 28 75
Policy term (years) 10/15/20
Premium Payment Term Equal to policy term
Premium Payment Modes Yearly / Half Yearly / Monthly*

#All references to age are as on age last birthday

*Monthly mode is available for SI/direct debit options (including ECS, ACH)

In case of Heart and Cancer cover being taken, the sum insured chosen is split equally between sum insured for Cancer cover and sum insured for Heart cover.

Product Benefits

Lump sum pay outs at mild, moderate and severe stages

• 25% of Sum insured at mild stage, 50% at moderate stage and 100% at severe stage of illness^^

• The benefits payable at each stage will be less any claims paid in the earlier stages

Premium Waiver Benefit

Future premiums for the next 5 years will be waived off , on first valid Mild or Moderate claim

Monthly Income Benefit (only for platinum

After a severe stage claim, an additional monthly income benefit of 1.5% of sum insured is paid, for five years, from the date of claim.

Death Benefit

Death benefit is payable on earlier occurrence of either Death or diagnosis of Terminal Illness.

Death benefit will be Sum insured on death less any critical illness claims paid.

Maturity Benefit

If you choose the ‘Return of premium (net of claims paid)’ option, you will receive the sum of all premiums, less critical illness claims already paid, at the end of chosen policy term.

No maturity benefit will be paid under ‘without return of premium (net of claims paid)’ option.

  • PNB MetLife India Insurance Company Limited
    Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
    IRDAI Registration number 117
    CIN U66010KA2001PLC028883
    PNB MetLife Mera Heart and Cancer Care is a non-linked, non-participating health insurance plan| Product UIN Number – 117N100V01
    1 Please refer to Sales Brochure for more details
    2 Return of Balance premium option is chosen at Inception.
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
    Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
    Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
    The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, O_ Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.
    LD/2017-18/176 EC 172

    IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.