Skip Navigation
0 of 0 Displaying
 |   Displaying

No Results


    Best Term Insurance Cover for Seafarers and Mariners

    Last Updated On 28-07-2020

    A sailor’s life is always uncertain, always on the move. You never know how many months you’re at sea and from which port you’ll have to move to next. Difficulties pertaining to your very existence also come into place numerous times since the sea may not always be smooth and calm.

    So, how does one sail through the rough tides of uncertainties while being at sea? How do you protect your family in the best way possible when you’re a sailor? The answer is the right insurance policy!

    Finding the Right Term Insurance for Seafarers

    Insurance is a financial product that helps you cover your risk by paying a small sum of money called the premium. There are numerous forms of life insurance such as basic life insurance, term insurance, comprehensive life insurance, endowment plans and Unit Linked Insurance Plans (ULIPs).


    The term insurance policy is an ideal financial product that serves the need of even seafarers. Term insurance though provided in different countries in different names is predominantly the same product - a large sum assured against a relatively small premium for a fixed term or tenure.  If the term insurance holder survives during the term fixed, then the nominee or the insurer does not receive any benefit or sum assured. However, if the insured passes during the term, then the nominee of the term insurance policy is eligible for the death benefit.

    It is beneficial if the term insurance is availed by the mariner or the breadwinner of the family on whom the entire family is dependent upon. Further, availing the term insurance policy at a young age or rank such as Junior Officer will offer you a chance to get the term insurance for a nominal premium or rate considering you would not have any dependents and will be physically fit. Additionally, you can avail this term insurance policy for the long term - till the age of 65 or 75 years.

    How to Get Term Insurance for Seafarers and Mariners

    • If you are applying for term insurance at a young rank or when you just join the ship, the insurance company may ask you to present your salary certificate. This is because your premium payable is dependent on your earning capacity.
    • Further, if you are a Non-Resident Indian (NRI) applying for term insurance while working in the marines or ship, there is no issue in procuring term insurance from India. You simply have to be capable to pay the premium and physically fit.
    • You should opt for additional Critical Illness Cover as a rider to your term insurance policy, especially if you have a family history of ailments such as cancer, diabetes, heart disease, etc.
    • It is advisable that you open a Marines or Seafarers Account that will help you and your family easily manage your account. This account also offers further advantages, such as maintain a zero or minimum balance, transfer money easily internationally, zero charge ATM withdrawals, higher withdrawal option, unlimited and free debit card transactions in India, free privileges such as net-banking, ATM/ Debit card, NEFT and RTGS facility, etc. and also higher interest rates. Depending on the insurance provider, you may even get cash-back offers, free movie vouchers, special offers, promo code, and even discount coupons.


    For sailors and seafarers, who are always on the move, face several practical difficulties, especially the financial ones. Not only is it difficult to manage the financial transactions but also personal life. Also, if they are the sole breadwinner, ensuring the finances and money are well-taken care of and reach the family on time even becomes a critical task. Every individual wants to ensure optimum security of the family - financial and general. Term insurance is the right solution for doing away with the life insurance concerns for the Marines or Seafarers.

    Know more life insurance such as long term savingsterm plan and retirement on PNB MetLife website


    The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

    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 an Individual Non-Linked, Non-Participating, Pure risk premium Life Insurance Plan | Product UIN Number – 117N092V03
    #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.
    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:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203


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

    7 Reason To Buy Term Insurance | PNB Metlife


    7 reasons to buy term insurance before you turn 30

    Term insurance provides life cover for a fixed duration and offers financial aid to your spouse, parents, and children in case of an unforeseen eve...

    All about Risk in ULIP | PNB MetLife


    As the name suggests, term insurance is a protection plan for a specified term for your family and loved ones. This life insurance plan is a necess...

    Family Protection Plan | PNB MetLife


    The modern women are not merely confined to the four walls of their houses. They have been matching their male counterparts in every profession, be...

    Benefits of Single Premium | PNB Metlife


    Have some money lying around idle and don’t want the hassle of regularly paying premiums? Then the single premium life insurance is just the insura...

    Best Age To Start A term Plan | PNB Metlife


    Best age to start a term plan

    Life and death are matters of uncertainty, but getting insurance is not! Losing someone can never be compensated, but the financial loss that occur...

    Want to know more about how you can protect your family?

    See all our articles

    Get a Callback

    OTP sent successfully

    Thank you for getting in touch with us. We will contact you shortly.


    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

    Site best viewed in following browsers
    Chrome 70+ , IE 11+, Firefox 76+, Safari 11+

    Get a Callback Get a Callback

    Ask khUshi

    Hi! I’m khUshi. How can I help you?