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    PNB MetLife Saral Jeevan Bima

    Mere apno ki suraksha ka saccha saathi

    Individual, Non-linked, Non-par, Pure Risk Premium, Life Insurance Product | UIN: 117N128V01

    PNB MetLife Saral Jeevan Bima is a standard term plan as per guidelines of Insurance Regulatory & Development Authority of India (IRDAI). The plan aims to simplify the approach to buying term life insurance with same offerings and same policy terms & conditions across all the insurers. What really differs is the levels of service and customer experience when you buy the plan and ease of interactions after you have bought it.

    PNB MetLife Saral Jeevan Bima in a nutshell
    • Protection for your family
    • Choice of Policy Term
    • Choice of Premium Payment Term Options

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    What you get

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    Frequently Asked Questions

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    What is PNB MetLife Saral Jeevan Bima?

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    Presenting PNB MetLife Saral Jeevan Bima Plan – an individual, non-linked, non-participating, pure risk premium life insurance product is a standard term plan as per guidelines of Insurance Regulatory & Development Authority of India (IRDAI) which offers you complete peace of mind protects you and your family in case of any unforeseen events.

    What are the Key Benefits of this plan?

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    • Family Protection - Protect your family from any financial loses that may arise in your absence.
    • Choice of Policy Term - Choose to stay protected for a fixed term ranging from 5 years to 40 years
    • Choice of Premium Payment Option - Choose to pay for a limited period, one time or throughout the policy term.

    What are the Death Benefits of this plan?

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    During the Waiting Period

    a) In case of Accidental Death, for regular premium or limited premium payment policy, equal to Sum Assured on Death which is the highest of:

    • 10 times the Annualized Premium, or
    • 105% of all premiums paid as on the date of death, or
    • Absolute amount assured to be paid on death.

    b) In case of Accidental Death, for single premium policy, equal to Sum Assured on Death which is the higher of:

    • 125% of Single premium or
    • Absolute amount assured to be paid on death.
    • In case of death due to other than accident, the Death Benefit is equal to 100% of all Premiums paid excluding taxes, if any.

    Post completion of the waiting period and any time before the maturity date

    a) For Regular premium or Limited premium payment policy, “Sum Assured on Death” which is the highest of:

    • 10 times of annualized premium; or
    • 105% of all the premiums paid as on the date of death; or
    • Absolute amount assured to be paid on death.

    b) For Single premium policy, “Sum Assured on Death” which is the higher of:

    • 125% of Single Premium or
    • Absolute amount assured to be paid on death.

    *Note: For policies with non-annual premium paying modes, the balance of the premium for that policy year will be deducted from the Sum Assured on Death.

    What are the Maturity Benefits of this plan?

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    There is no Benefit payable on survival till the end of policy term.

    What are the eligibility criteria for this plan?

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    Parameter Minimum Maximum
    Age at entry1 (yrs) 18 65
    Age at Maturity (yrs) 23 70
    Sum Assured (Rs.)  5,00,000 25,00,000
    Premium Paying Term (yrs)
    • Single pay,
    • Limited pay (5 Pay, 10 Pay)
    • Regular Pay
    Policy Term (yrs)  Single Pay/Regular Pay 5 years 40
    Limited 5 Pay 6 years
    Limited 10 Pay 11 years
    Premium Payment modes Yearly / Half Yearly / Quarterly / Monthly2

    1All references to Age are as on age last birthday
    2Monthly mode is available only under ECS/NACH

    How can I buy PNB MetLife Saral Jeevan Bima?

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    Disclaimer:

    PNB MetLife Saral Jeevan Bima (UIN: 117N128V01) is an Individual, Non-linked, Non-participating, pure risk premium life insurance product. Benefit option, chosen at inception, cannot be altered during the term. For more details on risk factors, terms and conditions, please read the sales brochure 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.

    AD-F/2020-21/516

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    Disclaimer

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    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 claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. 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.

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