Term Plan: Best Term Insurance Plan in India - PNB MetLife

Key Benefits of PNB MetLife Mera Term Plan

  • 1

    Cover your family’s future

  • 2

    Cover your partner, hassle-free

  • 3

    Flexibility to increase life cover

  • 4

    Coverage till the age of 99#


When it comes to our family, we always want to be double sure. We want to give them the best of everything that life has to offer and strive hard to help them fulfil their dreams. Buying the perfect life insurance plan ensures that the family is taken care of even when we are not around. Term plans offer that security and ensure that our loved ones are secure, financially independent and have the same life style even in our absence.

Secure the future of your near and dear ones, and live to the fullest! All you need to do is opt for a Term Life Insurance plan.

What are term life insurance plans?
Term Life Insurance plans are plans where the beneficiary of the insured is provided with financial coverage for a ‘term’ or a ‘specific period of time’. Upon the unfortunate death of the insured, the beneficiary can rightly claim the amount invested by the insured. The insured has to pay affordable, monthly premiums to keep the term plan going.

Highlights of term insurance plans:
•    Upon the death of the insured before the end of the Policy Term, the Death Sum Assured will be paid as the death benefit to the beneficiary.
•    The insured will bear affordable premium rates for the chosen coverage period. The frequency to pay the premiums (monthly, quarterly or annually) depends on what the insured has opted for.
•    Excellent tax benefits are available as per the provisions and conditions of the Income Tax Act and are subject to any changes made in the tax laws in the future.
•    There are single life and joint life term plans.  In joint term plans, the insured and his/her spouse are covered and in case of death of either, the death sum assured for the deceased will be paid to the surviving member. In case of a sudden death of the couple, the entire amount assured will be paid to the beneficiary mentioned
•    There may be plan options which allow for return of all premiums paid, in case the insured survives to the end of coverage term.

Why you need term insurance?
In the event of an unforeseen event, your responsibilities are met and the dreams of your dependents are safeguarded.

Why should you opt for PNB MetLife’s term insurance?
At PNB MetLife, the term insurance plans offer tailor-made cover options, freedom to choose benefits, flexibility to increase life cover pertaining to your requirement, lifestyle and needs, thereby giving you the opportunity to have a customized term insurance plan just for you.

Don't you think it is time to get yourself a PNB MetLife Term Insurance Plan? Read up and apply for one today! It's time to live!

PNB MetLife Mera Term Plan is a simple and easy to buy solution that helps you do just that

  1. Safeguard your family’s financial independence even in your absence
  2. Joint life benefit to cover your spouse in the same policy
  3. Freedom for your children to pursue their dream career and goals without any financial worries

Product Benefits

PNB MetLife Mera Term Plan is a customizable protection plan which gives you the flexibility to choose from four payout options and also offers coverage for your spouse in the same policy.

  • Full Lump Sum Payout
  • Payout as Lump Sum+ Regular Monthly Income
  • Payout as Lump Sum+ Increasing Monthly Income
  • Payout as Lump Sum+ Regular Monthly Income till child turns 21

Additional Features

With this plan, additional protection is available for :-

With the choice of Base Sum Assured and Policy Term you can also choose additional features. These will give you additional benefits in case of certain events during your lifetime.

Joint Life Benefit

This unique benefit ensures that life cover for your better half continues even if you are not there. All future premiums for your partner’s cover will be waived off. This option is available if your sum assured is more than 50 lacs. Coverage for partner is limited to 50% of your sum assured (max limit – 50 lacs). If your partner is a homemaker a 25 lac cover is provided.

Life Stage Protection

Your required life cover increases with increasing responsibilities. Life stage protection option gives you opportunity to buy an additional cover as per the then prevailing age and premium without any medical examination on the following circumstances.

  • On marriage: Equal to 50% of the original cover subject to maximum of Rs. 5,000,000.
  • On first child: Equal to 25% of the original cover subject to maximum of Rs. 2,500,000.
  • On second child: Equal to 25% of the original cover subject to maximum of Rs. 2,500,000.


Boundary Conditions

Minimum Age

18 years

Maximum Age

65 years

Maturity Age

#99 years for all options (except Joint Life cover option).
Joint Life Cover option: 75 years (applicable for both Primary & Secondary life)

Minimum Sum Assured


Coverage Period

81 years for all options (except Joint Life Cover option) &
10 years to 40 years for Joint life Cover option (applicable for both Primary & Secondary life), subject to maximum maturity age.

Premium Payment Term

Coverage Period

PNB MetLife Mera Term Plan

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You can buy

Radha Rani

"We had paid one year premium only and there was an unfortunate event in my family, I received the claim money without any hassle which enabled me to payoff my loans."

Kiran Ahluwalia

"My premium gets paid directly from the bank and I get a confirmation of it, making it a hassle free process."

Roohi Kaushal

"PNB MetLife Products are made keeping safety and utility in mind making it very helpful to my family."

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