Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Hurry Up!
Save upto ₹54,600 in taxes under 80C & 80D. Buy a term insurance plan now!
View Plans

PNB MetLife Insurance T&Cs

123 reviews Rate This
Claim Settlement Ratio98.17%
Customer Care10:00 AM to 7:00 PM
Death Benefit Paid For4,241 Policies
Presence107 Locations
Total Death Benefit PaidRs. 235.11 Crore

Term Life Insurance Premium Calculator


  • Male
  • Female

Date of Birth


Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

PNB MetLife Insurance Life T&Cs

The Terms and Conditions of PNB MetLife Insurance Plans are as follows:

1. Free Look Period: The policyholder has an option to review the policy following receipt of the policy document. If he/she is not satisfied or agreeable with the terms and conditions of the PNB MetLife Insurance policy, then he/she can return the policy document to the insurance company, with reasons for cancellation within 15 days from the date the policyholder received it. On cancellation of the policy during the free look period, PNB Metlife Insurance will return the premium paid subject to the following deductions: a) Stamp duty under the policy b) Expenses incurred by the company on medical examination, c) Proportionate risk premium for the period of policy cover.

2. Suicide Exclusion: If the Policyholder dies by suicide within 12 months from the date of inception of the policy or the date of revival of the policy, then the policy will discontinue immediately. In such scenarios, PNB MetLife Insurance company will only refund total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums paid to the beneficiary or nominee.

3. Tax Benefits: PNB MetLife insurance plans offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to the contentment of the other conditions of the respective sections prescribed. As per the Section 194DA of the Act, the policy proceeds are subject to TDS if conditions prescribed under Section 10(10D) are not met.

4. Loss of the Policy Document: If the policy document is lost, at the request of the policyholder and on fulfilment of required prescribed conditions, the insurance company may issue a duplicate policy document. The PNB MetLife Insurance Company has the right to charge a fee of Rs.1500 for the issue of a duplicate policy paper. Upon the issue of a duplicate policy document, the original document shall cease to have any legal effect.

5. Disclosure: PNB MetLife insurance plan has been issued on the life assured’s representations that the life assured has made full and accurate disclosures of all material facts and circumstances and that the life assured has not suppressed any material facts or circumstances. In the event, it comes to the insurance company knowing that the life assured has misrepresented or suppressed any material facts and circumstances the insurance company will reserve the right to cancel or cease the policy.

6. Governing Laws: PNB MetLife Insurance Policy will be governed by prevalent Indian Laws, any differences or disputes arising out of PNB MetLife Insurance will be subject to the jurisdiction of Indian courts.

7. Assignments: Assignment is allowed under the insurance plan as per section 38 of the Insurance Act, as amended from time to time.

8. Nominations: Nomination is allowed under the insurance plan as per section 39 of the Insurance Act, as amended from time to time.

9. Grace Period: PNB MetLife Insurance plans provide a grace period of 30 days from the due date for the payment of premium for the quarterly, half-yearly, and yearly mode. A grace period of 15 days is available for the monthly mode of premium payout.

10. Policy Lapse: If during the policy tenure, premiums are not paid within the grace period, the policy together with the additional benefits (if any) will lapse from the date of the first unpaid premium, and the policy cover will cease.

11. Policy Revival: PNB MetLife Term Insurance lapsed policy can be revived within 2 years from the date of first unpaid premium else the contract will be terminated.

Latest News on PNB Met Life Insurance

  • Reasons To Invest In PNB MetLife Endowment Savings Plan Plus

    Reasons To Invest In PNB MetLife Endowment Savings Plan Plus

    The PNB MetLife Endowment Savings Plan is a dual-benefit savings and insurance plan. Bonus additions might help you accumulate and maximise your savings. You can also extend the duration of your life insurance coverage. As a result, the plan offers the be
    By Shrida Gulati29 Dec 2021
  • Is PNB MetLife Critical Illness Rider Worth The Investment?

    Is PNB MetLife Critical Illness Rider Worth The Investment?

    Riders are add-ons that help enhance the protection provided by insurance policies. And one such rider is the PNB Critical Illness Rider. Find out more on the PNB Critical Illness Rider.
    By Yamini Sharma16 Dec 2021
  • Term Insurance Plans For Husband And Wife In India

    Term Insurance Plans For Husband And Wife In India

    As the name implies, spousal term insurance allows you to insure yourself and your spouse under one policy. These are complete protection insurance that provide many advantages to both the insured husband and wife.
    By Shrida Gulati30 Nov 2021
  • Why PNB MetLife Endowment Savings Plan Plus Is A Good Purchase?

    Why PNB MetLife Endowment Savings Plan Plus Is A Good Purchase?

    MetLife Endowment Savings is a savings and insurance plan that lets you save for all of life's major events while simultaneously providing life insurance. The PNB MetLife plan helps you build a corpus and ensures your family's financial security in the ev
    By Shrida Gulati14 Sep 2021
  • Everything You Need To Know About PNB Metlife Mera Term Plan

    Everything You Need To Know About PNB Metlife Mera Term Plan

    PNB MetLife Mera Term plan is a pure protection plan that provides financial protection to your family in case of your untimely demise. Read along to know more about PNB MetLife Mera Time plan.
    By Shrida Gulati25 Jul 2021
Must BuyMust Buy

Why to Buy Life Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers

Life Insurance News

PNB Met Life Insurance User Reviews

Write your review
What users are saying
  • All

Claim Process at PNB MetLife Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

Best Insurance Advisors in Your City.

PNB MetLife Insurance Contact Details

Reach us for help anytime
Find the right PNB MetLife Insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.