PNB MetLife Insurance

PNB MetLife Insurance plans

The PNB MetLife and its partners offer a comprehensive product portfolio comprising life insurance products to cover every stage of life – children education, family protection, Long term Savings, and Retirement. The product range is wide comprising of 16 savings plans, 13 protection plans, 5 pension plans and 8 optional riders. The following are various insurance plans offered by PNB MetLife India Insurance Company Limited.

Term Insurance

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Protection Plans

PNB MetLife term plan is a pure protection plan designed to offer financial security to the family members in the event of the demise of the life assured. One of the major PNB MetLife Benefits of buying term insurance or protection plan is the high sum assured at an affordable premium. The following are various protection insurance plans of PNB MetLife:

1. PNB MetLife Mera Term Plan
2. PNB MetLife Mera Heart and Cancer Care
3. PNB MetLife Accidental Disability Benefit Rider
4. PNB MetLife Critical Illness Rider
5. PNB MetLife Serious Illness Rider
6. PNB MetLife Accidental Death Benefit Rider
7. PNB MetLife Mera Jeevan Suraksha Plan
8. MetLife Grameen Ashray
9. PNB MetLife Aajeevan Suraksha Plan
10. PNB MetLife Complete Care Plus
11. PNB MetLife Bima Yojana (Group Micro-Insurance)
12. PNB MetLife Group Term Life Plus
13. PNB MetLife POS Suraksha
14. PNB MetLife Family Income Protector Plus
15. PNB MetLife Loan and Life Suraksha
16. PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana
17. PNB MetLife Complete Loan Protection Plan
18. MetLife Group Accidental Permanent & Total Disability Plus
19. MetLife Group Accidental Death Benefit Plus
20. MetLife Group Accidental Permanent & Partial Disability Plus
21. MetLife Group Serious Illness Rider

Customers of protection plans can avail services like PNB MetLife Mera term plan online payment for their convenience.

Savings Investment Plan

The PNB MetLife savings investment plans are designed to help customers achieve their financial goals. The savings-investment plans offer wealth creation along with protection under a single policy. The following are various savings investment plans offered by the company:

1. PNB MetLife Guaranteed Savings Plan
2. PNB MetLife Super Saver Plan
3. PNB MetLife Smart Platinum
4. PNB MetLife Endowment Savings Plan Plus
5. PNB MetLife Guaranteed Income Plan
6. PNB MetLife Guaranteed Increasing Income Plan
7. MetLife Dhan Samriddhi Plan
8. PNB MetLife whole life wealth plan
9. PNB MetLife Money Back Plan
10. PNB MetLife Bachat Yojana
11. PNB MetLife Bhavishya Plus
12. PNB MetLife College Plan
13. PNB MetLife Income Protection Plan
14. PNB MetLife Monthly Income Plan – 10 Pay
15. MetLife Smart Child
16. MetLife Smart One
17. MetLife Mera Wealth Plan

Pension and Retirement Plans

Retirement is one of the biggest milestones in one’s life. With PNB MetLife Pension and Retirement Plan, individuals can plan for the forthcoming financial responsibilities. Retirement and pension plans are the best ways to be financially secure during the golden years of life. The following is a comprehensive list of Pension and Retirement Plans of PNB MetLife:

1. PNB MetLife Immediate Annuity Plan
2. MetLife Retirement Savings Plan
3. PNB MetLife Superannuation
4. PNB MetLife Traditional Employee Benefits Plan
5. PNB MetLife Unit Linked Employee Benefit Plan

Thus, the above is a comprehensive product catalogue of various insurance plans offered by PNB MetLife India Insurance Company Limited. The company offers Endowment plans, Money Back Plans, Unit-Linked Plans, Term Plans, etc. It is recommended that customers gain in-depth details regarding PNB MetLife surrender charges or other applicable charges before purchasing an insurance plan.

So Which to Choose from These PNB MetLife Insurance Plans?

Even after seeing the PNB MetLife Insurance Plans above, you might ask – which one to choose from the list? The answer lies in the points mentioned below. 

Analyze Your Requirements – Needs can vary from one individual to another; while some may have more than decent savings, others would have very less for their family. In that case, the PNB MetLife plan offering you the maximum sum assured amount should be your pick. 

Premium Outgo – Also check the premium in exchange for the maximum sum assured. The plan that strikes a balance between the two is recommended. 

Do You Want Benefits Beyond Life Cover? – The USP of any life insurance policy is the financial protection for your loved ones. And if your goal is this only, choose from the best PNB MetLife Term Insurance Plans that meet the above two points. But if you want beyond life cover, you need to choose from the best ULIPs, endowment and savings insurance plans of the insurer. These plans invest your premium in various financial instruments and hands you the returns earned on the same.

Assess Your Risk Appetite – Being a good judge of your risk appetite only helps you choose the right life insurance plan having the investment component. If you can take high investment risks for greater returns, choose from the best ULIPs of PNB MetLife since they invest in high-risk, high-return proposition of stocks. Some ULIPs invest predominantly in debt instruments too depending on their asset allocation. These ULIPs are for ones having low risk appetite. 

What If You Seek Guaranteed Income – Some of you may even crave for guaranteed income from a life insurance cum investment plan. If that is the case with you, choose from the best endowment plans of PNB MetLife Insurance. These invest in financial instruments offering guaranteed income while offering the sum assured, which you choose at inception, to your dependents in case of your death during the policy term. 

Do You Want to Have a Share of Company Profits – Usually, companies declare dividend or bonus from the profits they earn over a year. Participating life insurance plans come with bonuses besides all other benefits. These plans participate in the profits of the company. So, if you have invested in ULIPs, endowment or money back plans, you will get bonus if they are a participating plan. You could check the policy brochure to know whether it is a participating or non-participating plan.

How to Buy an Insurance Plan from PNB MetLife?

Buying insurance plans of PNB MetLife is very simple. Customers can buy insurance online or visit the nearest branch office to do so. By Googling ‘PNB MetLife office near me’, you can get the address of your nearest PNB MetLife Branch Office or details of the advisor. For availing the best insurance products, it is recommended to compare and search PNB MetLife reviews of all insurance products.

PNB MetLife Insurance Claim Settlement Process

PNB MetLife Insurance Claim Settlement is a three-step process that we will put before you here. The process involves claim intimation, submission of documents and eventually the payout. 

So How  to Intimate a Claim?

You can intimate PNB MetLife about the claim on the company’s official website or by writing an email to claimshelpdesk@pnbmetlife.com. If you want to file a claim using the former route, follow the process as told below. 

• Go to the official website of PNB MetLife and click on ‘Services’
• Click on ‘File a Claim’ and then on ‘New Claim Intimation’
• A new page will open and ask you to enter the name of the insured member, the policy number, and the relationship you have with the policyholder as a nominee
• Click on ‘Add Policy’

The claim will get intimated to PNB MetLife this way. 

Document Submission

The documents required can vary based on the type of death as well as the ailments you suffer from during the policy term.

For Death Claim

• Copy of Death Certificate issued by the local authority
• A statement of the claimant
• A certificate from the treating doctor or the family physician
• Photo ID and address proofs of the nominee as per AML requirements
• Cancelled cheque leaf or bank passbook of the beneficiary
• Authorization Letter from the claimant if the claim comes from the third party in the prescribed format

Additional Documents Required Upon Accidental Death

• Attested copy of Inquest Report/Panchnama/FIR
• Attested copy of Viscera Report/Post Mortem Report
• Copy of Newspaper Cutting (If Any)

For Critical Illness 

• A statement of the claimant
• A certificate of the doctor in the prescribed format
• Discharge Summary issued  by the hospital or attested copies of other hospital records such as Bed Tickets, Admission Sheets, etc.
• Life Insured’s cancelled cheque book leaf or bank passbook
• Authorization Letter from the claimant if the claim comes from the third party in the prescribed format

Claim Payout

PNB MetLife will assess your claim after receiving the documents and approve it only upon successful verification. The company will take 30 days from the time of receiving the claim documents in case there is no need for further investigation to disburse the payment.

PNB MetLife Insurance Company Overview

PNB MetLife Insurance Company Limited is a leading life insurance provider in India. The company has been formed through a joint venture of established and well-known brands like MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and additional private investors. Under this joint venture, MetLife International Holdings LLC and Punjab National Bank Limited have a major shareholding.

The biggest reason for the success of this conglomerate is that all the stakeholders work together to provide the best-in-class products and services to its customers. All partners strengthen the joint venture by bringing value addition through their vast and enriching experience. MetLife International Holdings LLC brings insurance expertise and global reach, while Punjab National Bank is known in India for its credibility and reliability. Therefore, PNB MetLife India Insurance Company Limited is considered as the strongest and trusted insurance provider in India

Vision and Values

The PNB MetLife India Insurance Company Limited is one of the most successful conglomerates in India. The company has been successfully marching towards its mission of serving the insurance needs of people in India for the last 18 years. PNB MetLife and its partners’ core aim is to provide a range of life insurance products that would help them secure financing. Also, the insurance products of PNB MetLife benefit individual as well as their families.

The amazing insurance products offer financial security and backup until the maturity date and even in the event of the untimely demise of the life insured. Apart from offering the best insurance products, the company also offers 24*7 support through PNB MetLife customer care number by helping them choose the best insurance product as per their needs.

Payments and Servicing

The PNB MetLife online payment system is robust, secure and hassle-free. The MetLife insurance online payment mode makes for a hassle-free payment experience for the customers. Also, you can renew the policy easily by paying the due premium online. Moreover, customers can carry out activities such as checking their policy status, policy fund value and surrender status by logging in to their PNB MetLife online customer portal.

Frequently Asked Questions (FAQs) on PNB MetLife Insurance Plans

Below are the questions people normally ask when going for PNB MetLife Insurance Plans.

How to Pay Premium for PNB MetLife Insurance?

To pay the premium for your life insurance plan, you only need to visit the official website of PNB MetLife. Here, you will see the option of ‘Pay Premium Online. Once you click on this, you will reach a page where you will need to enter your policy number and click on ‘Pay Now’.

PNB MetLife premiums can be paid via the following modes-

• Online Payment (Debit Card, Credit Card, Netbanking, NEFT, etc.)
• Cash, Cheque, or Demand Draft deposit at the branch office
• Through postage or courier
• DropBox facility at your nearest location
• ECS or Auto Debit facility
• Payment at PNB MetLife bank partners

How to Check Your Policy Status?

You can also check your policy status by logging in to your account. To do the same, enter your user ID and password on the e-portal. Here, you will see the ‘Policy Details’ tab. You can check the current status of your life insurance policy clicking on this tab.

How to Renew Your Policy?

To continue enjoying the benefits, it’s necessary to renew your life insurance policy. To do the same, you will need to submit the necessary documents and policy renewal form at any of the nearest branches of PNB MetLife in your city. If you want to download the renewal receipt, you will need to enter the following details after going to the ‘Download renewal receipt’ option on the official website.

• Policy number or application number
• Date of birth
• Mobile number

How to Update Aadhaar or PAN Details?

You can also change your Aadhaar or PAN details anytime during your policy term. To do the same, go to the official website of PNB MetLife where you will need to fill in your policy number and date of birth on the ‘Update Aadhaar or PAN Details’ section.

 

How to Cancel your PNB MetLife Policy?

You can cancel your PNB MetLife policy in a few simple steps mentioned below.

Step 1: Firstly, you will need to fill in a few details such as your policy number, Client ID (not mandatory) and date of birth.
Step 2: Now, verify the captcha code and submit the details.
Step 3: After submission, you will receive an online cancellation confirmation and a reference number regarding the same.
Step 4: Now, go to the nearest PNB MetLife Insurance branch and submit the following documents.

• Original policy documents
• Cancelled cheque with policyholder’s name
• ID Proof
• Policy surrender or cancellation form
• Latest contact details