Health Insurance Plan | Medical Insurance | Critical Illness Insurance - PNB MetLife

Key Benefits of MetLife Major Illness Premium Back Cover

  • 1

    Covers 35 Critical illnesses

  • 2

    Return of premiums in case of no claim

  • 3

    Tax benefits

  • 4

    Exclusive online discount


PNB MetLife Major Illness Premium Back Cover is a health insurance plan that provides coverage for 35 critical illnesses like heart attack, cancer and stroke and helps pay for the cost of treatment for these illnesses. The plan returns back to you all the premiums paid if no claims are made during the policy term.

MetLife Major Illness Premium Back Cover ensures

  1. Provides health protection for 10 years
  2. Provide coverage for 35 critical illnesses 
  3. Return all base premiums at maturity if no claims are made 
  4. Tax benefits on premiums paid and benefits received*
    *Tax benefits are as per the Income Tax Act, 1961, and are subject to amendments made there from time to time. Please consult your tax consultant for more details

Product Benefits

Critical Illness Claim

35-year-old Mr Arvind bought MetLife Major Illness Premium Back Cover with the following sum assured and premium amount:
Sum Assured: Rs. 10 Lakhs
Premium: Rs. 13,875 to be paid every year for 10 years (excluding taxes)
If Mr Arvind is diagnosed for any of the 35 critical iIllnesses, PNB MetLife pays him the sum assured of Rs 10 Lakhs. Following the claim, the policy will be terminated .

Maturity Benefit

If no claims were made during Mr Arvind’s policy term,  PNB MetLife will return of all base premiums paid (excluding the extra premiums and Service Taxes paid by the Policyholder) at the end of the policy term.
Hence, Mr Arvind will receive Rs. 1,38,750 (Rs. 13,875 X 10) at the end of the 10th year.


Boundary Conditions

Minimum ages at entry*

18 years

Maximum ages at entry*

55 years

Policy & Premium Payment Term

10 years

Premium Payment Term


Minimum Sum Assured

Rs. 500,000

Maximum Sum Assured

Rs. 50,00,000

Minimum Annual Premium

Rs 5,958

Maximum premium

Rs. 1,68,772

Large Sum Assured Rebate

From 5,00,000 - 9,99,999: Nil
From 10,00,000 - 24,99,999: Rs. 4 per 1000 SA
From 25,00,000 - 50,00,000: Rs. 7 per 1000 SA

*Age Last Birthday

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Insured Personal Details

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Parveen Kumari

"The Insurance Policy is affordable and I would recommend it to everyone."

Atul Kumar Sinha

"The plan is reasonable making it easy for anyone to pay."

Suraj Singh Kushwah

"I was worried earlier since it was an international company, but now since its PNB MetLife, I have faith that the insurance policy will be a good one."

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