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PNB MetLife Mera Term Plan Plus

Life offers us choices and these choices make our life interesting.
Why not have choices to design your financial plan?

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Key Benefits of PNB MetLife Mera Term Plan Plus

  • 1Whole Life Coverage till the age of 99^
  • 2Cover your spouse under the same plan
  • 3Option to get back the premiums on survival
  • 4Child Education Benefit

Overview of Mera Term Plan Plus

Life offers us choices and these choices make our life interesting. Why not have choices to design your financial plan? At PNB MetLife our constant endeavor is to offer simple solution which helps you to protect the financial future of your loved ones.

A pure protection plan with a range of additional coverage options is the ideal way for you to protect financial future of your loved ones and PNB MetLife Mera Term Plan Plus online has been designed to address all your protection needs at an affordable cost.

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

  • Safeguard your family’s financial independence even in your absence
  • Secure your children’s higher education without any financial worries
  • Stay protected for your whole life or choose a coverage term
  • Option to protect your spouse under the same plan
  • Pay premiums as per your requirement
    a) You can pay just once and stay protected for the entire term,
    b) pay throughout the policy term by choosing Regular Pay,
    c) pay for a limited term (5, 10, 15, or 20 years), or
    d) pay till 60 years.

About PNB MetLife

Eligibility

  • For detailed eligibility please refer the Product Brochure & PDF

    • PNB MetLife Mera Term Plan Plus is an Individual, Non-Linked, Non-Participating, Pure risk premium Life Insurance Plan | Product UIN Number – 117N092V03
    #Maximum maturity age: 99 years for all options (except Joint Life cover option), Joint Life Cover option: 75 years (applicable for both Primary & Secondary life).
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
    *Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.

    Product Benefits Of Mera Term Plan Plus

    The PNB MetLife Mera Term Plan Plus is a pure protection life term insurance plan that provides comprehensive coverage to your family. The defining feature of the plan is that it can be customised considerably to suit the customer’s need. Some of the key benefits of the plan are:

    • Choose to pay for a limited period, one time or throughout policy term as per your requirement
      1) Pay for a limited term of 5,10,15,20 years or pay till age 60 OR
      2) Pay just once and stay protected for the entire term OR
      3) Pay regularly throughout policy term
    • Choose to stay protected for either whole of life (coverage upto age 99 years) OR choose coverage term as per your liking2
    • Option to choose protection against Death, Disability, and Disease
      • Life: Cover against Death
      • Life Plus: Cover against Death and Terminal Illness plus all future premiums waived off on accidental permanent disability or diagnosis of listed critical illnesses
      • Life plus Health: Cover against Death and Terminal Illness plus all future premiums waived off on accidental permanent disability or diagnosis of critical illness plus accelerated lump sum on diagnosis of listed critical illnesses
    • Customise your plan with a choice of additional options3:
      • Return of Premium4 option to get your premiums back on survival till maturity
      • Spouse Coverage to protect your spouse within the same plan
    • Enhance your protection with one out of the ‘Cover Enhancement Options’5 to ensure your life cover is adequate even as you progress in life
    • Tailor your Benefit Payout option to suit your needs
      • Lumpsum : Benefit payable as lump sum
      • Monthly Income : Benefit payable as level monthly income for 10 years
      • Lump sum plus Monthly Income : Benefit payable as part lump sum and part level monthly income for 10 years
    • Enhance your cover through riders
    • Tax benefits as per prevailing tax laws6