1800 425 6969

Benefits

    1. Cover your family's monthly expenses Secure your family's dream so that they don't have to compromise on their standard of living with a guarantee of regular monthly income.
    2. Cover your partner, hassle-free In the same policy, you can cover your partner too. This unique benefit ensures that life cover for your better half continues even when you aren’t there. All future premiums for your partner’s cover will be waived off.
    3. Flexibility to increase life cover As you move through different stages of life, with our life stage protection benefit, you will have the option to increase your life cover without any medical examination.
    4. Coverage till the age of 99# This plan offers coverage till the age of 99# years.
    1. Affordable and easy on the pocket Whatever option you opt for, high costs doesn't come in the way of protecting your family’s needs and expenses.
    2. Tax savings Avail benefit on income tax, under section 80C for your annual premium.

INTRODUCTION

In your absence your child's education should not be compromised. Protect your child against uncertainties that might get in the way of his/her education.

PNB MetLife Mera Term Plan is a simple and easy to buy solution that helps you do just that:

  • Freedom for your children to pursue their dream career and goals without any financial worries even in your absence
  • Long term financial independence and security for your child with fixed monthly income till he/she turns 21
  • Joint life benefit to cover your spouse in the same policy

Additional Features

With the choice of Base Sum Assured and Policy Term you can also choose additional features. These will give you additional benefits in case of certain events during your lifetime.

  • Joint Life Benefit

    This unique benefit ensures that life cover for your better half continues even if you are not there. All future premiums for your partner’s cover will be waived off. This option is available if your sum assured is more than 50 lacs. Coverage for partner is limited to 50% of your sum assured (max limit – 50 lacs). If your partner is a homemaker a 25 lac cover is provided.

  • Life Stage Protection

    Your required life cover increases with increasing responsibilities. Life stage protection option gives you oppurtunity to buy an additional cover as per the then prevailing age and premium without any medical examination on the following circumstances.

    1. On marriage: Equal to 50% of the original cover subject to maximum of Rs. 5,000,000.

    2. On first child: Equal to 25% of the original cover subject to maximum of Rs. 2,500,000.

    3. On second child: Equal to 25% of the original cover subject to maximum of Rs. 2,500,000.

  • Minimum Age
    18 years
  • Maximum Age
    65 years
  • Maturity Age
    99 years for all options (except Joint Life cover option). Joint Life Cover option: 75 years (applicable for both Primary & Secondary life)
  • Minimum Sum Assured
    10,00,000
  • Coverage Period
    81 years for all options (except Joint Life Cover option) & 10 years to 40 years for Joint life Cover option (applicable for both Primary & Secondary life), subject to maximum maturity age.
  • Premium Payment Term
    Coverage Term
  • 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 Term Plan is a non-linked, non-participating term plan | Product UIN Number – 117N092V02
    #Maximum maturity age: 99 years for all options (except Joint Life cover option), Joint Life Cover option: 75 years (applicable for both Primary & Secondary life).
    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/2017-18/253 EC 191
  • BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

    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.