Life Insurance Tips | How to Buy a Life Insurance Policy - PNB Met Life Insurance
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Buying a Policy

In this section, you will find answers to most of your questions on buying a PNB MetLife policy. However, if you need additional information, do not hesitate to ask for an agent.

Call us on the toll free number, 1800-425-6969 between 9 am – 6 pm and leave your name, number and the city you are calling from. Your request will be forwarded to one of our Financial Advisors who will visit you to discuss your life insurance requirements.

Once we receive your application along with the necessary documents, it takes about 15 days for us to dispatch your policy.

PNB MetLife has a host of Life Insurance products to offer. Please click on the link given below for further assistance Product Details

You can avail various tax benefits by investing in an insurance policy. These include:
  • Premiums paid under MET Pension Plan and MetLife Advantage Plan are eligible for a deduction under Section 80 CCC (1) of the Income Tax Act, 1961, subject to conditions as mentioned in the section.
  • Premiums paid towards Critical Illness Rider, Waiver of Premium Rider and Disability Benefit Rider are eligible for a deduction under Section 80 D of the Income Tax Act, 1961, subject to conditions as mentioned in the section.
  • Life Insurance Premiums paid under all other policies towards Base Premium, Term Rider Premium and Accident Rider premium Premiums are eligible for a deduction under 80C of the Income Tax Act, 1961, subject to conditions as mentioned in the section.

A policy holder can choose any of the following modes for premium payment:
  • Monthly
  • Quarterly
  • Semi-Annual
  • Annual
  • Payroll Savings Program
  • Single Pay
However, the mode of payment is dependent on the product features.

The requirement for a medical examination is based on the decision of the Underwriter. It also depends on the face amount of the policy opted for and the age of the person insured, at the time of purchasing the policy.

PNB MetLife India is a life insurance company offering customized life insurance solutions.

PNB MetLife India offers Life Insurance products that can be tailored to suit individual requirements. We suggest you contact any of the General Insurance companies for further assistance.