Individual Non-Linked, Non-Par, Pure Risk Premium, Life Insurance Plan | UIN: 117N126V04
PNB MetLife Mera Term Plan Plus is a family protection plan that provides you and your family with a comprehensive life coverage at a very nominal cost. The plan offers you flexibility to choose protection against Death, Critical Illness2, Accidental Disability2, and Terminal Illness7 along with various additional options like spouse coverage and whole life protection. You can also customize your coverage with various cover enhancement5 options available under the plan.
Claim Settlement Ratio for Individual Business
We have settled 99.57%* of claims received for individual business and 99.72%* for the group business for FY 2024-25. *Please visit IRDAI website www.irdai.gov.in for further details.
What you don’t get
Suicide Exclusion
If the Life Assured’s death is due to suicide within 12 months from the date of commencement of risk or from the Date of Revival of the Policy, the Nominee or beneficiary of the Policyholder shall be entitled to at least 80% of the total Premium paid till the date of death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in In force status.
Additional Exclusion for Life Plus / Life Plus Health Option
No benefits shall be applicable if Accidental Total Permanent Disability or Critical Illness is caused or aggravated directly or indirectly, wholly or partly by any one of the following.
• Intentional self-inflicted injury, attempted suicide.
• Any pre-existing condition.
• War, terrorism, invasion, act of foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, martial law, mutiny, rebellion, revolution, insurrection, military or usurped power, riot or civil commotion, strikes
• Taking part in any naval, military or air force operation during peace time.
• Participation by the insured person in an assault, a criminal offence, an illegal activity or any breach of law with criminal intent.
• Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but not limited to, diving or riding or any kind of race; underwater activities involving the use of breathing apparatus or not; martial arts; hunting; mountaineering; parachuting; bungee jumping.
• Alcohol or Solvent abuse or taking of Drugs, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a registered medical practitioner.
• Participation by the insured person in any flying activity, except as a bonafide, fare paying passenger or pilot and cabin crew of a commercially licensed airline.
• Nuclear contamination: The radioactive, explosive or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel materials or accident arising from such nature.
Additional exclusions for Critical Illnesses
• Any disease occurring within 90 days of the start of coverage (i.e. during the waiting period) or date of reinstatement whichever is later.
• Any external congenital condition.
Policyholder at inception of this policy may choose to cover his/her spouse under the same policy by paying an additional premium. The spouse is referred to as the “Second Life” and the policyholder is referred to as the “First Life” for the purpose of this benefit.
Only the Death Benefit is offered to the Second Life and the Sum Assured on Death of Second Life shall be payable in lumpsum only. To avail this benefit, the Basic Sum Assured with respect to the First Life should be equal to or greater than Rs. 50 Lakhs. The coverage to the Second Life shall be up to 100% of the Basic Sum Assured of the First Life, subject to Our Board approved underwriting guidelines. The Second Life issuance will be subject to underwriting as per underwriting guidelines. If the Second Life is a housewife or a non-earning female, the coverage for the Second Life will be restricted to up to 50% of the Basic Sum Assured chosen by the First Life, subject to maximum of Rs. 50 Lakhs. Please refer to the Sales Brochure for further details.
The policyholder may opt for this benefit at inception of the policy. For policies where the ‘Return of Premiums’ option is chosen, the Maturity Benefit equal to the Sum Assured on Maturity is payable, provided that the Life Assured survives till the Maturity Date of the policy. This option is available with a maximum policy term of 40 years or maturity age of 75 years last birthday, whichever is earlier.
Disclaimer:
6Tax 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.
7An advanced or rapidly progressing incurable disease where, in the opinion of two independent Medical Practitioners’ specializing in treatment of such illness, life expectancy is no greater than twelve months from the date of notification of claim to Us.Benefit option, chosen at inception, cannot be altered during the term. Please read the Sales brochure carefully before concluding any sale.
AD-F/2024-25/866
Confused About Life Insurance? Let Experts Guide You
✔️ 99.57% Individual Death Claim Settlement Ratio*
✔️ 36.9% CAGR by PNB MetLife Mid Cap Fund with a 5-star Morningstar rating*
As your trusted life insurance partner, PNB MetLife covers COVID-19 claims. In the event of a death claim, please submit a signed claim form mentioning the policy number, a brief description of the insured event, and all other mandatory claim documents to the email addresses provided below. You may write to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. For death claim intimation or any queries, you can also call us at 1800-425-6969 (for customers calling from within India only), Monday to Saturday, between 10:00 am and 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 Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.
Get Trusted Advice
Ask khUshi
Hi! I’m khUshi. How can I help you?
