How does my nominee claim the death benefit?

The nominee needs to submit a death certificate, policy documents, and any required forms to the insurer. After verification, the payout is processed.

How much coverage should I get?

A good rule of thumb is to have coverage that is 10-15 times your annual income, but the exact amount depends on factors like debts, living expenses, and future financial goals.

Can I increase my coverage later?

Some insurers allow policyholders to enhance coverage at key life stages (marriage, childbirth) through step-up options. Otherwise, a new policy may be needed.

Does PNB MetLife Mera Term Plan Plus offer critical illness coverage?

Yes, the plan includes critical illness coverage under the "Life Plus Health" option.

Are there any add-ons available with PNB MetLife Mera Term Plan Plus?

Yes, add-ons include spouse coverage, return of premium, and cover enhancement options.

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Term Insurance

PNB MetLife Mera Term Plan Plus

Compare PNB MetLife Mera Term Plan Plus benefits, exclusions, ratings and related variants in one place.

1.71

Solvency

99.57%

ICR

10.78%

Growth

37,723.28

AUM

Policy Policy Wording

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Yes

Our Verdict

PNB MetLife Mera Term Plan Plus Review: Our Verdict

Final Verdict

PNB MetLife Mera Term Plan Plus is ideal for individuals seeking extensive coverage with customizable benefits. It offers lifelong security, spouse coverage, and critical illness protection, but additional features may increase premium costs.

About

What Is PNB MetLife Mera Term Plan Plus?

PNB MetLife Mera Term Plan Plus is a comprehensive term insurance plan offering life cover up to 99 years with flexible premium payment options (Single, Limited, or Regular Pay). It includes coverage for death, terminal illness, accidental disability, and critical illness. Policyholders can customize their plan with return of premium, spouse coverage, and child education support benefits. Additional options like step-up benefits ensure growing coverage over time. The plan provides financial security for families with flexible payout options.

About Company

About PNB MetLife India Insurance

PNB MetLife is a collaboration between Punjab National Bank and MetLife, dedicated to providing comprehensive life insurance solutions tailored to the diverse needs of Indian families. Their Mera Term Plan Plus is a customizable term insurance offering that provides life coverage up to the age of 99. This plan allows policyholders to include their spouse under the same policy and offers options for premium return upon survival. Additionally, it provides coverage enhancement choices, such as protection against critical illnesses and accidental disabilities, ensuring a robust safety net for policyholders and their loved ones. The managing director and CEO of this reputed organization Mr Sameer Bansal, follows the ‘Circle of Life’ philosophy to formulate their products and policies that can cater to the different phases of an individual’s life.

Ratings

PNB MetLife Mera Term Plan Plus Rating

Insurer Rating

7.22

out of 10

Insurance Rating

9.8

out of 10

Layer 1

Lump Sum + Income Option

Yes

Waiver of Premium Rider

Yes

Online Purchase Available

Yes

Layer 2

Claim Process Simplicity

5/5

Premium Competitive

4/5

Claim Process Simplicity

5/5

Testimonials

PNB MetLife India Insurance Customer Testimonials

Customer feedback and experiences.

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family…always been available to assist with any insurance/claim queries.

Nakul N

Had a great experience with OneAssure during my insurance claim process. A special shoutout to Sunad Raj for his exceptional support, he was professional, responsive, and guided me every step of the way. Thanks to his consistent follow-ups and clear guidance, the entire claim settlement was smooth and hassle-free. Highly recommend OneAssure for their service and transparency!

Sanjay Dakalia

The team is very professional and prompt. I would have all my health and life insurance needs met through them.

Harish Jindal

Very professional service from Ruchir & Aman. They were recommended by a friend who had a positive experience with them. I have taken both health and life policies through them and they have advised me well throughout the process and found the best options available in the market. I had a medical condition due to which it was difficult to find a suitable health policy in the market, however this team was able to find one for me. I would recommend their services to anyone looking to buy health or life insurance.

Siddhartha Saha

Wonderful experience with Prost. Right from suggesting the insurance products to claim process the entire experience hai been seamless. They do not mis-sell and are very transparent. Sundar Raj from the team has been wonderful and ensured prompt guidance. All the best Ruchir and keep up the good work!

Adarsh Ravindranathan

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Inclusions and Exclusions

PNB MetLife Mera Term Plan Plus Inclusions and Exclusions

Terminal Illness

Covered under Life Plus and Life Plus Health options.
Pays the sum assured on death upon diagnosis of a terminal illness.

Total Permanent Disability Payout

Available under Life Plus and Life Plus Health options.
All future premiums are waived upon Accidental Total Permanent Disability (ATPD).

Inflation Protection Coverage

Step-Up Benefit option allows coverage to increase by 10% annually for 10 years

Premium Payment Customizations

Single Pay: Pay once and stay covered.
Limited Pay: Pay for 5, 10, 15, 20 years or till age 60.
Regular Pay: Pay throughout the policy term.

Exclusions

If the life assured dies by suicide within 12 months from the policy's commencement or revival, the nominee will receive at least 80% of the total premiums paid up to the date of death or the surrender value, whichever is higher.
Any disability or critical illness resulting from conditions existing before policy issuance or reinstatement is not covered
Disabilities or critical illnesses caused by self-harm or attempted suicide are excluded.
Conditions arising from alcohol abuse, solvent abuse, or drug use not prescribed by a medical practitioner are not covered.
Involvement in unlawful activities or breaches of law with criminal intent leading to disability or critical illness is excluded.

Add ons

PNB MetLife Mera Term Plan Plus Add-Ons and Riders

Accidental Death

Provides lump sum payout for death due to an accident.

PNB MetLife Mera Term Plan Plus Related Variants

Maha Raksha Supreme Select

Max Life Smart Secure Plus

Claim Process

PNB MetLife Mera Term Plan Plus Claim Settlement Process

Steps and flow followed by the insurer.

Term Cover Calculator

PNB MetLife Mera Term Plan Plus Insurance Premium Calculator

Our insurance experts are here to help you make the right choice with personalized recommendations.

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How to Buy

How to Buy PNB MetLife Mera Term Plan Plus

Purchase flow from OneAssure.

Things to Remember

Keep KYC documents and nominee details ready before purchase.

Renewal

PNB MetLife Mera Term Plan Plus Renewal

Renewal steps and key points.

FAQs

PNB MetLife Mera Term Plan Plus FAQs

Got questions about PNB MetLife Mera Term Plan Plus? You’re not alone. Here are some of the most commonly asked questions to help you understand this term life plan, coverage, claims, and benefits better.