Term Insurance Plans
A 1 cr term insurance plan is a policy that provides life insurance cover of ₹1 crore to the policyholder. This sum assured is paid to the nominee in the case of the policyholder’s death during the policy term.
A 1 cr term plan is ideal for those who have many dependents and are the sole earning members of their families. In addition, individuals with huge debts or loans such as home loans or educational loans should also opt for a 1 cr term plan to cover their liabilities.
The claim settlement ratio is the ratio of the total number of claims settled by a company to the total number of claims filed by its customers. PNB MetLife has a claim settlement ratio of 98.17% for term insurance plans.
The minimum entry age for buying a 1 crore term insurance policy is 18 years, and the maximum entry age is 60 years.
Financial eligibility for the 1 cr term insurance plan will be dependent upon the earned income. The sources of earned income include salary, commission, bonuses, and business income. Generally, the earned income will not include rental income, pension, investment income, and rental income. The minimum income criteria are ₹3lakh per annum for salaried and professional individuals like doctors, chartered accounts, etc., and ₹5 lakh for self-employed or business individuals.
Bonus declared for Participating Policies in FY’23
Claim settlement ratio for retail business
Locations & strong branch network
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 firstname.lastname@example.org or email@example.com. 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 Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.