About PNB MetLife Insurance Company

PNB MetLife India Insurance Company Limited is one of the chief life insurance companies in India. PNB MetLife is basically a joint business enterprise between Punjab National Bank Limited (PNB), MetLife International Holdings Inc. (MIHI), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors. Punjab National Bank Limited (PNB) and MetLife International Holdings Inc. (MIHI) are the major shareholders. PNB MetLife which was earlier known as MetLife India is present in India since the year 2001.

PNB MetLife combines the financial strength of MetLife, Inc., a foremost life insurer and integrity of Punjab National Bank (PNB), one of India's oldest nationalized banks. The huge distribution network of PNB together with the worldwide life insurance expertise and product variety of MetLife makes PNB MetLife a reliable insurance company.

Presently, PNB MetLife is present in over 120 locations across the country. The company is serving customers across 7,000+ locations through its partnerships with PNB, Jammu & Kashmir Bank Limited (JKB) and Karnataka Bank Limited.

PNB MetLife provides with a wide array of retirement and protection products through its Agency sales of 15,000+ financial advisors and numerous bank partners. PNB MetLife having it’s headquarter in Bangalore and corporate office in Gurgaon, is renowned as one of the fastest growing life insurance companies in India.

Why to Buy Policies from PNB MetLife India Insurance Company?

  • Flexibility: PNB MetLife India Insurance Company offers flexibility by providing various options to make the payments on premium.
  • Customer Service: PNB MetLife has an outstanding team of customer service that provides its customers with superior and hassle-free pre-sales plus post-sales services.
  • Cost: The plans offered by the PNB MetLife insurance are quite cheaper than those offered by other life insurance companies in India.
  • Variety: This company offers a range of online as well as offline life insurance plans
  • Online plans: The term plans that PNB MetLife offers are available with no trouble. You can purchase the policies online as per your convenience with a few clicks of the mouse.
  • Tax benefits: Under section 80C and 10(10D) the Income Tax Act, you can avail tax benefits for premiums paid regularly.

Different Types of PNB MetLife India Life Insurance Plans

PNB MetLife India certainly has a number of helpful plans to offer under various categories like Protection Plans, Child Plans, Savings Plans, Wealth Plans, Health Plans, Retirement Plans, Rural Plans and Group Plans. Check them out below:

Protection Plans from PNB MetLife

PNB MetLife India Insurance Company Limited has the following plans to offer under the bouquet of Protection Plans:

MetLife Mera Term Plan

As the name suggests, it is a term life insurance plan from the PNB MetLife India. The special features and benefits of MetLife Mera Term Plan are mentioned below:

  • Minimum entry age: 18 Years
  • Maximum entry age: 65 Years
  • Maximum maturity age: 75 Years
  • Coverage period: 10-40 Years
  • Minimum Sum Assured: 10 Lakh
  • MetLife Mera Term plan has been designed to protect your family’s financial independence even after your death
  • This policy offers joint life benefit to cover your spouse under the same plan
  • Provides you with the flexibility to enhance the life cover
  • MetLife Mera Term plan offers your kids the freedom to enjoy a secured and worry-free education life and accomplish their dreams
  • This term insurance plan from PNB MetLife India comes with flexibility to choose from 4 different payout alternatives
  • The policy offers tax benefits for premiums paid regularly under section 80C and 10(10D) of the Income Tax Act.

MetLife Family Income Protector Plus

The special features and benefits of MetLife Family Income Protector Plus plan are mentioned below:

  • Minimum entry age: 25 Years
  • Maximum entry age: 60 Years
  • Maximum maturity age: 75 Years
  • Premium paying options:
    • Yearly
    • Half-yearly
    • Monthly
    • PSP modes
  • MetLife Family Income Protector Plus has been designed to provide your family with guaranteed monthly income up to 20 years.
  • At the end of the policy tenure, this plan from PNB MetLife offers 110% of your base premium back.
  • The policy offers death benefit by providing monthly income amount chosen by you at the time of policy inception.
  • MetLife Family Income Protector Plus plan offers the flexibility to decide your premium and monthly income.
  • Under section 80C and 10(10D) of the Income Tax Act, this policy offers tax benefits for premiums paid regularly.

Health Insurance Plans from PNB MetLife

PNB MetLife India Insurance Company Limited has a number of helpful health insurance plans on offer:

PNB MetLife Mera Heart and Cancer Care

The special features and benefits of Mera Heart and Cancer Care plan from PNB MetLIfe are mentioned below:

  • Minimum entry age: 18 Years
  • Maximum entry age: 65 years
  • Minimum maturity age: 25 Years
  • Maximum maturity age: 75 Years
  • PNB MetLife Mera Heart and Cancer Care plan has been designed to provide you with comprehensive coverage against all the stages of cancer as well as heart diseases.
  • This policy offers a Lump Sum amount at mild, moderate and severe stages of illness
  • Upon diagnosis of mild or moderate stages of illness, this plan also offers waiver of premiums for next 5 policy years.
  • Under PNB MetLife Mera Heart and Cancer Care plan, you may opt for additional monthly income in case of severe stage claims.
  • This policy also offers option for return of balance premium.
  • Comes with inbuilt life cover as well as the cover for terminal illness from day 1.
  • Mera Heart and Cancer Care plan from PNB MetLife offers special benefits for women by covering female specific cancers.
  • Under section 80C and 10(10D) of the Indian Income Tax Act, you can avail tax benefits for premiums paid regularly.

MetLife Critical Illness Rider

The features and benefits of MetLife Critical Illness Rider are mentioned below:

  • Minimum entry age: 18 Years.
  • Maximum entry age: 65 Years.
  • Maturity age: 75 Years.
  • Policy term: 10 – 40 years.
  • MetLife Accidental Disability Benefit Rider offer comprehensive coverage at a very nominal rate.
  • This policy offers additional protection against impairment owing to accidents.
  • Comes with the flexibility to choose Sum Assured so that you may meet different life needs.
  • MetLife Accidental Disability Benefit Rider comes with the flexibility to opt for this rider during the issuance of policy or the policy anniversary under the base plan.
  • In case of an unfortunate event where the life insured meets with an accident resulting into injuries arising within 180 days from the date of the accident, this rider will offer the chosen accidental disability benefit.
  • Under section 80C and 10(10D) of the Indian Income Tax Act, you may avail tax benefits for premiums paid regularly.

MetLife Accidental Death Benefit Rider Plus

The special features and benefits of MetLife Accidental Death Benefit Rider Plus are mentioned below:

  • Minimum entry age: 18 Years
  • Maximum entry age: 65 Years
  • Maturity age: 70 Years
  • Policy term: 5 – 30 Years
  • MetLife Accidental Death Benefit Rider Plus come at a very affordable premium at a considerably nominal rate.
  • This rider provides you with additional protection and coverage under the base policy.
  • Comes with the flexibility to choose the Sum Assured and the term of the rider to meet different needs.
  • Under section 80C and 10(10D) of the Indian Income Tax Act, this policy offer tax benefits for premiums paid regularly.

MetLife Serious Illness Rider

The special features and benefits of MetLife Serious Illness Rider are mentioned below:

  • Minimum entry age: 18 Years.
  • Maximum entry age: 65 Years.
  • Maturity age: 70 Years.
  • Policy term: 5 – 30 Years.
  • Comes at affordable premium at a very nominal rate.
  • MetLife Serious Illness Rider gives you the flexibility to choose the Sum Assured and the term of the rider to meet different needs of life.
  • By providing additional health cover under the base policy, this plan offers comprehensive protection.
  • Under section 80C and 10(10D) of the Income Tax Act, you may avail tax benefits for premiums paid regularly.

PNB MetLife Child Plans

As a parent, financially securing the future of your child is your very first priority. And any parent would go at any length to make sure that their child leads a happy life without having to care about tomorrow. Parents want to make sure that their children’s dreams and life goals do not get squashed due to financial crisis.

And keeping all these in mind, PNB MetLife has designed some of the best plans under their Child Plans. Let’s have insightful glance at the different child plans offered by the PNB MetLife India Insurance Company Limited.

MetLife Money Back Plan

The special features and benefits of MetLife Money Back Plan are mentioned below:

  • Minimum entry age: 13 Years
  • Maximum entry age: 55 Years
  • Maximum age of maturity: 65 Years
  • Policy term: 10 Years
  • MetLife Money Back Plan assures guaranteed money back at regular intervals. In addition to that, this policy also ensures protection against any unforeseen circumstances.
  • This plan from PNB MetLife offers you the survival benefits of 10% of the basic Sum Assured. This starts from the 5th to the 9th policy year.
  • The Money Back Plan from MetLife returns 110% of the base Sum Assured over the lifetime of the policy term.
  • This plan offers full death benefits together with the survival benefits.
  • Under section 80C and 10(10D) of the Income Tax Act, this policy offers tax benefits for premiums paid regularly.

MetLife Smart Platinum Plan

The special features and benefits of MetLife Smart Platinum Plan are mentioned below:

  • Minimum entry age: 7 Years.
  • Maximum entry age: 70 Years.
  • MetLife Smart Platinum is basically a unit-linked plan that has been designed to provide you with the flexibility to make your investment portfolio with 6 different funds.
  • This plan also offers you flexibility by offering you coverage till 99 years of age.
  • In addition, this policy also lets you opt for the premium term of 5 years, 10 years or for whole life
  • MetLife Smart Platinum plan offers help by managing investment risk together with a rebalancing alternative.
  • In case of withdrawal of partial funds after 5th year MetLife Smart Platinum plan offers liquidity
  • Under section 80C and 10(10D) of the Income Tax Act, the policy offers tax benefits for premiums paid regularly.

MetLife Smart Platinum Plan

The special features and benefits of MetLife Bhavishya Plus plan are mentioned below:

  • Minimum entry age: 20 Years.
  • Maximum entry age: 45 Years.
  • Maximum maturity age: 69 Years.
  • MetLife Bhavishya Plus plan comes with a benefit of waiver of premiums so that you can meet your family’s financial requirement in your absence.
  • This plan also provides you with triple benefits of money back, guaranteed savings and protection for your beloved.
  • This policy offers death benefits and after which the policy will still continue during any uncertainty.
  • Under section 80C and 10(10D) of the Indian Income Tax Act, the policy offers tax benefits for premiums paid regularly.

MetLife Easy Super

The special features and benefits of MetLife Easy Super plan are mentioned below:

  • Minimum entry age: 18 Years
  • Maximum entry age:
    • 60 years for 15 year policy
    • 55 years for 20 year policy
  • MetLife Easy Super is basically a unit-linked (ULIP) plan that has been designed to provide you with the flexibility and convenience to make your investment portfolio with 6 different funds.
  • This plan comes at a very affordable premium rate
  • Provides help by managing investment risk along with a rebalancing alternative
  • The Easy Super plan from PNB MetLife offers liquidity for withdrawal of partial funds after 5th policy year
  • Under section 80C and 10(10D) of the Income Tax Act, this policy offers tax benefits for premiums paid regularly

MetLife College Plan

The special features and benefits of MetLife College Plan are mentioned below:

  • Minimum age at entry: 20 Years
  • Maximum age: 45 Years
  • Maximum age at maturity: 69 Years
  • The person who can be insured under this plan: father/mother/legal guardian of the child
  • MetLife College Plan is basically a specific type of savings plan that has been designed to provide you with regular cash payouts as well as bonuses during your child’s growing years.
  • This policy offers coverage for your child’s education expenses.
  • In the event of death, the Sum Assured and bonuses and any outstanding premiums for the plan would be waived off under this Child Plan from PNB MetLife.
  • This policy offers tax benefits for premiums paid regularly Under Section 80C and 10(10D) of the Income Tax Act.

MetLife Smart Child Plan

The special features and benefits of MetLife Smart Child Plan are mentioned below:

  • Minimum age at entry: 18 Years.
  • Maximum age at entry: 55 Years.
  • Minimum age at entry for the beneficiary: 90 Days.
  • Maximum age at entry for the beneficiary: 17 Years.
  • MetLife Smart Child Plan has been designed to help you to plan your child’s future needs well in advance.
  • This Child Plan from PNB MetLife has been customized specifically for your child so as to take care of their future needs right from educational expenses to financial planning, wedding plus extracurricular activities.
  • MetLife Smart Child plan takes care of the policy in the event of any ill-fated death of the parent.
  • This plan provides the flexibility to transfer option so that you can get the best of the equity markets.
  • The policy offers partial withdrawal alternative and also offers 4 free switches to take care of your funds.
  • Under section 80C and 10(10D) of the Indian Income Tax Act, this policy provides tax benefits for premiums paid regularly.

PNB MetLife Savings Plan

The Savings Plan from PNB MetLife India Insurance Company Limited aims to provide you with a considerably high return on premium along with life cover.

MetLife Bachat Yojana

The special features and benefits of MetLife Bachat Yojana are mentioned below:

  • Minimum entry age: 20 Years.
  • Maximum entry age: 60 years.
  • Maximum age at maturity: 75 Years.
  • MetLife Bachat Yojana provides you with the options for long term savings at affordable premiums.
  • Under MetLife Bachat Yojana, you will have to pay for 10 years and in return, you will get coverage for 15 years.
  • This plan offers Sum Assured along with bonus on maturity.
  • In the unforeseen event of death of the policy holder during the 15 year policy, years your family becomes eligible to receive bonus along with Sum Assured under this plan.
  • Under section 80C and 10(10D) of the Indian Income Tax Act, this plan provides tax benefits for premiums paid regularly.

MetLife Guaranteed Savings Plan

The special features and benefits of MetLife Guaranteed Savings Plan are mentioned below:

  • Minimum age of entry:
    • 8 years for 5 pay premium option
    • 3 years for 7 pay premium option
    • 3 years for 10 pay premium option
  • The maximum age of entry (at all levels): 60 Years
  • MetLife Guaranteed Savings Plan has been basically designed to help you to accomplish your dreams by providing Lump Sum amount on maturity as well as providing guaranteed additions on cumulative premiums.
  • Under this PNB MetLife Savings Plan, you can create your corpus so as to make sure that your short-term to long-term goals are accomplished as per your choice.
  • MetLife Guaranteed Savings Plan gives you the guarantee for your child’s education together with guaranteed benefits on maturity.
  • This plan also provides security for your family’s future together with life cover for whole policy period.
  • The policy offers income tax benefits for premiums that are paid regularly U/S 80C and 10(10D) of the Income Tax Act.

MetLife Guaranteed Income Plan

The special features and benefits of MetLife Guaranteed Income Plan are mentioned below:

  • Minimum entry age:
    • 8 years for 5 pay premium option
    • 3 years for 7 pay premium option
    • 3 years for 10 pay premium option
  • Maximum age of entry (at all levels): 60 Years
  • Under MetLife Guaranteed Income Plan, you can create a second income to financially support your family.
  • This plan basically helps you in terms of planning your goals by providing you with a Lump Sum amount on maturity.
  • This PNB MetLife Savings Plan also helps you to secure your family’s future.
  • MetLife Guaranteed Income Plan helps you to attain important milestones with regards to your child’s education.
  • With this plan you can also fund your annual vacations.
  • Under section 80C and 10(10D) of the Income Tax Act, this policy offers tax benefits for premiums paid regularly.

MetLife Endowment Savings Plan Plus

The special features and benefits of MetLife Endowment Savings Plan Plus are mentioned below:

  • Minimum entry age:
    • 18 for savings plan
    • 18 for savings plus plan
  • MetLife Endowment Savings Plan has been designed to help you build savings for your future financial requirements all through various phases in life.
  • This policy also provides with life cover to protect your family along with a good alternative to shield against critical illnesses.
  • This PNB MetLife Savings plan helps you to pay your housing loan in prior.
  • This plan helps you to accomplish significant milestones with regards to your child’s education.
  • By giving an option of waiver of future premiums against 35 critical illnesses, MetLife Endowment Savings provides security to your family’s future.
  • The policy offers tax benefits for premiums paid regularly Under Section 80C and 10(10D) of the Income Tax Act.

PNB MetLife Wealth Plan

MetLife Mera Wealth Plan

The special features and benefits PNB MetLife Mera Wealth Plan are mentioned below:

  • MetLife Mera Wealth Plan is basically a unit-linked policy that has been designed to help you to make a financial set-up for your goals at every stage of life.
  • This plan helps you generate an investment plan to cover your future objectives.
  • Comes with good returns for your invested funds.
  • This policy provides you with the flexibility to decide between systematic transfer option or self-managed option.
  • MetLife Mera Wealth Plan offers rewards if you stay invested.
  • Offers loyalty additions.
  • This plan also offers protection to your investment plan together with life cover.
  • Under section 80C and 10(10D) of the Income Tax Act, this policy offers tax benefits for premiums paid regularly.

MetLife Smart One

The special features and benefits of MetLife Smart One plan are mentioned below:

  • Minimum age at entry: 3 Months
  • Maximum age at entry: 65 Years
  • Age of maturity: 75 years
  • MetLife Smart One is basically a single premium payment plan. This policy has been designed to provide you with a number of different investment options to helps you accelerate your wealth creation goals.
  • Under this plan, you just have to pay once to gain the benefits of the chosen term.
  • This plan comes with stop loss option which safeguards your investment while the market is down.
  • The auto balancing option of this plan helps you during unstable market situations.
  • Under section 80C and 10(10D) of the Income Tax Act, the policy provides tax benefits for premiums that are paid regularly.

PNB MetLife Retirement Plans

Planning for the life after your retirement holds immense importance. Since you will grow old post retirement and will run out of energies to perform day to day task compared to your youth, it should always be a part of your goals to save money for your retirement life from an early stage of life.

A minimal amount of money every month could give you a considerable amount of corpus when you retire. You no longer have to worry about the expenses of your own at that age. Although you won’t be holding a job position still the money would keep coming.

Keeping all these factor in mind, PNB MetLife has designed a number of retirement plans to help you reach your retirement goals without having to face any pull from the back.

MetLife Immediate Annuity Plans

The special features and benefits of MetLife Immediate Annuity Plans are mentioned below:

  • Minimum age for standalone annuity (single life options): 30 Years.
  • Minimum age for standalone annuity (joint life options): 40 Years.
  • Minimum age for tied annuity (single life options): 0 Years
  • Minimum age for tied annuity (joint life options): 18 Years
  • Under MetLife Immediate Annuity Plans, you just have to pay one time and you will get guaranteed income for your whole life.
  • This plan has been designed to make sure that you get a lifetime income for your spouse, after your demise.
  • After your death, this policy helps you leave a legacy for your family through return on invested capital.
  • MetLife Immediate Annuity Plans provide with increasing income so that you can deal with the rising expenses without any trouble.
  • Under section 80C and 10(10D) of the Income Tax Act, this policy offers tax benefits for premiums paid regularly.

MetLife Monthly Income Plan – 10 Pay

The special features and benefits of MetLife Monthly Income Plan – 10 Pay plan are mentioned below:

  • Minimum age at entry: 18 Years
  • Maximum age at entry: 55 Years
  • Maturity age: 65 Years
  • Under MetLife Monthly Income Plan – 10 Pay plan, you can receive a monthly income for 15 years with a term of 10 year premium plan.
  • This policy provides with the bonus (if any) to enhance your plan
  • MetLife Monthly Income Plan – 10 Pay plan offers financial protection to you as well as your loved ones.
  • Under section 80C and 10(10D) of the Indian Income Tax Act, this policy provides tax benefits for premiums that are paid regularly.

MetLife Retirement Savings Plan

The special features and benefits of MetLife Retirement Savings Plan are mentioned below:

  • Minimum age at entry: 30 Years
  • Maximum age at entry: 64 Years
  • MetLife Retirement Savings Plan offers vesting benefit.
  • The policy also offers the sum assured plus the vested simple reversionary bonus along with terminal bonus (if any)
  • This plan also comes with death benefit.
  • Offers death benefit plus accrued simple reversionary bonus along with terminal bonus (if any).
  • This policy gives you the flexibility by allowing you to defer the vesting date up to 75 years.
  • Under section 80C and 10(10D) of the Income Tax Act, this policy offers tax benefits for premiums paid regularly.

MetLife Dhan Samriddhi

The special features and benefits of MetLife Dhan Samriddhi plan are mentioned below:

  • Minimum age at entry: 8 years
  • Maximum age: 65 years
  • Policy term: 10 years
  • MetLife Dhan Samriddhi plan provides you with the convenience by just paying one time.
  • This plan comes with loyalty additions.
  • Provides consistent returns on the funds
  • MetLife Dhan Samriddhi plan offers death benefit to your nominee the highest among the below mentioned 3 alternatives:
    • The single premium fund value
    • The Sum Assured less partial withdrawals
    • 105% of the single premium paid
  • Under section 80C and 10(10D) of the Income Tax Act, this policy provides tax benefits for premiums paid regularly.

Rural Plans from PNB MetLife

Rural Plans from MetLife are offered at a very affordable premium.

MetLife Grameen Ashray

The special features and benefits of MetLife Grameen Ashray plan are mentioned below:

  • Minimum age at entry: 18 Years
  • Maximum age at entry: 55 Years
  • Maturity age: 60 Years
  • MetLife Grameen Ashray is basically a simple micro insurance, non-participating plan that has been designed to provide you with life cover at an affordable premium.
  • This plan offers affordable short term protection plan.
  • MetLife Grameen Ashray has a very simplified process.
  • This plan comes with easy and hassle-free documentation.
  • Under section 80C and 10(10D) of the Income Tax Act, the policy provides tax benefits for premiums paid regularly.

PNB MetLife Group Plans

PNB MetLife India Insurance Company Limited has a number of effective Group Life Insurance Plans on offer. Check them out in details below.

MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana

The special features and benefits of MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana are mentioned below:

  • Minimum age at entry: 18 Years
  • Maximum age at entry: 50 Years
  • Maximum maturity age: 55 Years
  • MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana is basically a non-participating, non-linked policy of just one year renewable term plan.
  • Pradhan Mantri Jeevan Jyoti Bima Yojana was launched by the Government of India.
  • This policy offers protection at a very nominal premium.
  • No medical examination is required under this plan.
  • This plan offers effortlessness to enroll.
  • Has a very simplified proposal form.
  • Pradhan Mantri Jeevan Jyoti Bima Yojana offers death benefit of Rs.2 lakh during the term of the policy.

MetLife Unit Linked Employee Benefit Plan

The special features and benefits of MetLife Unit Linked Employee Benefit Plan are mentioned below:

  • Minimum age at entry: 18 Years
  • Maximum age at entry: 74 Years
  • MetLife Unit Linked Employee Benefit Plan provides you with an option of 5 linked funds.
  • This policy offers you the flexibility to switch between the 2 funds.
  • This plan comes with free switches for the first four funds in a policy year
  • MetLife Unit Linked Employee Benefit Plan provides the gratuity contribution payment in installments.
  • This policy offers tax benefits for premiums paid regularly Under Section 80C and 10(10D) of the income tax act.

MetLife Traditional Employee Benefit Plan

The special features and benefits MetLife Traditional Employee Benefit Plan are mentioned below:

  • Minimum age of entry: 18 Years
  • Maximum age of entry: 1 year less than the normal retirement age
  • Minimum group size: 10
  • MetLife Traditional Employee Benefit Plan provides with minimum guaranteed interest of 2% per year on every portion of the contributions paid.
  • This policy also comes with the provisions to pay the gratuity contribution in installments.
  • This policy offers tax benefits for premiums paid regularly Under Section 80C and 10(10D) of the income tax act.

MetLife Superannuation

The special features and benefits MetLife Superannuation plan are mentioned below:

  • Minimum age at entry: 18 years
  • Maximum age at entry: As per the schemes rule
  • MetLife Superannuation plan is the best suited for employers who wants to outsource the administration and management of superannuation liabilities in a very efficient way.
  • This is basically a type of cash accumulation plan from MetLife.
  • The interest component under this plan varies on the basis of the contributions made.
  • The declared interest becomes the part of the capital each year under MetLife Superannuation plan.
  • Under section 80C and 10(10D) of the Income Tax Act, this policy offers tax benefits for premiums paid regularly.

MetLife Loan & Life Suraksha

The special features and benefits of MetLife Loan & Life Suraksha plan are mentioned below:

  • Minimum age at entry: 15 years
  • Maximum age at entry: 65 years
  • MetLife Loan & Life Suraksha plan provides with a good competitive edge to your group which is existing
  • This policy offers loyalty additions.
  • Has been designed to reduce the risk owing to a customer's death.
  • MetLife Loan & Life Suraksha lets you easily maintain a long term relationship.
  • Under section 80C and 10(10D) of the Indian Income Tax Act, this policy offers tax benefits for premiums paid regularly.

MetLife Group Term Life Plus

The special features and benefits of MetLife Group Term Life Plus plan are mentioned below:

  • Minimum entry age: 18 years
  • Maximum entry age: 80 years
  • MetLife Group Term Life Plus plan provides with security to the employees family.
  • This plan offers help to meet the EDLI requirement.
  • The premium rates of MetLife Group Term Life Plus plan are cheaper than the individual life cover.
  • Employers are provided with the tax benefits under this plan.
  • This policy works as a retention tool for the employees.
  • Provides with the flexibility for the premium payments.
  • Comes with additional cover for self as well as family.
  • When an employee leaves the organization, he or she can convert the policy into individual coverage.
  • Under section 80C and 10(10D) of the Income Tax Act, this policy offers tax benefits for premiums paid regularly.

MetLife Complete Care Plus

The special features of MetLife Complete Care Plus plan are mentioned below:

  • Minimum age at entry: 18 years
  • Maximum age at entry: 80 years
  • The premium rates of MetLife Complete Care Plus plan are cheaper than the individual life cover.
  • This plan provides with tax benefits to the employer.
  • Works as a preservation tool for the employees.
  • This policy provides with the flexibility for the premium payments.
  • Under this plan, when an employee leaves the organization, he or she can change the policy into individual coverage.
  • This policy offers tax benefits for premiums paid regularly under section 80C and 10(10D) of the Income Tax Act.
  • MetLife Complete Care Plus plan has been designed to provide financial security to the employee’s family.

Buying life insurance policy from PNB MetLife India Insurance Company Limited will certainly be a good decision as far as the reputation of the company is concerned. However, it is always advisable to compare different life insurance plans beforehand prior to zeroing in on any particular life insurance policy and buying it.