PNB MetLife India Insurance

PNB MetLife India Insurance Company Limited (PNB MetLife) is a life insurance company in India. It is a joint venture between MetLife International Holdings Inc. (MIHI), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, with MIHI and PNB being the major shareholders. Earlier known as MetLife India, PNB MetLife is present in India since 2001.

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Get ₹1 Cr. Life Cover at just ₹449/month*
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upto 10% discount**
Why PNB MetLife India Insurance? Know More
Life Cover till 99 years
24 Hours Claim Settlement
Cover your Spouse in Same Plan
50 Critical Illnesses Benefit
Heart and Cancer Cover
Accidental Death Benefit

Why PNB Metlife India Insurance?

  • Life Cover till 99 years

    Ensure financial protection and create a financial cushion for family even in your absence with a life cover up to 99 at affordable premiums

  • 24 Hours Claim Settlement

    With ‘Claim Assure’, PNB Metlife endeavors to provide claim payment in 24 hours without any on-ground investigation for claims upto 1 Crore

  • Cover your Spouse in Same Plan

    “Husband and wife both are covered in a single plan. Spouse can get same life cover & policy term“

  • 50 Critical Illnesses Benefit

    If the Life assured is diagnosed with any of the covered 50 Critical Illnesses, 25% of Basic Sum Assured shall be paid immediately as a lump sum.

  • Heart and Cancer Cover

    100% of add-on’s sum assured shall be paid out on survival of 30 days after the diagnosis of either Cancer or Heart Attack

  • Accidental Death Benefit

    “One death every minute in India happens due to a road accident. This optional benefit provides your loved ones additional payout in case death happens due to an accident”

*Tax benefit is subject to changes in tax laws.

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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PNB MetLife blends the financial strength of MetLife, Inc., life insurance company and credibility of PNB, one of India's nationalized banks. The vast distribution reach of PNB along with the global life insurance expertise and product range of MetLife makes PNB MetLife a trusted insurance company. At present, PNB MetLife is present in more than 120 locations throughout the country and serving customers across 7,000 locations through its partnerships with PNB, JKB and Karnataka Bank Limited.

PNB MetLife offers a wide array of protection and retirement products through its Agency sales of more than 15,000 financial advisors and multiple bank partners. It's corporate office in located in Gurgaon and headquarter located in Bangalore.

PNB MetLife Insurance Plans

PNB MetLife Plan

Plan Type

Entry Age

Maximum Maturity Age

Policy Term

Minimum Sum Assured

MetLife family Income Protector Plus

Term Plan (Return Of Premium option available)

25 – 60 years(55 years for 20 years policy term)

75 years

10, 15, 20 years

Rs. 95,00,000/-

MetLife Mera Term Plan

Pure term Plan

18 – 65 years

75 years

10 – 40 years


MetLife Smart Platinum

Unit Linked Insurance plan

7 – 70 years

99 years


Subject to underwriting

MetLife Smart Plan

Unit Linked Insurance Plan

3 months – 65 years

75 years

10 – 20 years

5 times the single premium for first year and 1.25 times your single for the remaining policy term

MetLife Bachat Yojna

Traditional Life Insurance Plan

20 – 60 years

75 years

15 years


Metlife Bhavishya Plus

Traditional Life Insurance Plan

20 – 45 years

69 years

12 – 24 years

Rs. 92,320/-


PNB MetLife Mediclaim Product Portfolio

PNB MetLife Plans are innovative and cater to individual and group customers and are categorized into the following:

    • PNB MetLife Term Plans

      These are pure life insurance plans that give you a higher life cover and ensure that all your liabilities are covered. They are high on the protection component.

      • Met Family Income Protector Plus
    • PNB MetLife ULIP Plans

      These are wealth plans that have dual advantage of life cover and wealth optimization. They also provide you a number of flexibilities and fund options to choose from.

    • PNB MetLife Child Plans

      PNB MetLife child policies help you plan your child’s future, so that you can fulfil all your child’s needs without facing any financial hindrances.

      • Met College Plan
    • PNB MetLife Investment Plans

      These are savings plans that help you to realize different milestones in your life by provisioning for your future.

      • Met Smart One
      • Metlife Bachat Yojana
      • MetLife Bhavishya Plus

      To explore the best insurance plan that suit your needs compare all PNB MetLife insurance plans from other life insurance companies in India.

    • PNB MetLife Distribution Network:

      Since its inception PNB MetLife insurance company has built its presence in over 600 cities and distributes its products through its 29 bank partners across retail and group business, strong broker network and an agency force of over 30,000 financial advisors.

      You can also buy their products online through insurance aggregators.

PNB MetLife Life Insurance - FAQ

  • 1. How to pay premium? What are the modes of payment available?

    PNB Metlife provides the following modes for paying premium:
    • Online mode
    • Cash or cheque deposit at branch office
    • Through courier
    • Drop Box facility
    • ECS or Auto Debit facility

    For online premium payment, login to your account with Client ID and password, and click on the ‘Pay Premium’ tab for completing the process.

  • 2. How can I check policy status?

    You can check your policy status by login in with your User ID and password on the e-portal. There is a policy details tab, wherein the status of the policy can also be checked.
  • 3. What is the policy renewal process?

    You need to submit the required documents along with renewal form at any of the nearest PNB Metlife branches in your city.
  • 4. What is the company’s process to settle claim?

    The company’s claim policy requires you to intimate the company about the claim policy by letter, fax, or email.
    • Directly through any of the PNB Metlife branch offices
    • Through Advisors
    • Through claims department in the head office
    • Through regional service team

    Once all the required documents are submitted (list of documents can be found on the website) and the same is verified the claims are settled within 30 days of receipt of the same.

  • 5. What is the policy cancellation process?

    The company’s cancellation process requires you to duly fill and submit a surrender form along with policy documents to any of the PNB Metlife branches in your city. After receiving the documents and the necessary amount for cancellation, the policy will be cancelled on record for the particular policyholder.

PNB MetLife Insurance - Latest News

    • PNB Metlife Inked a Tie-up with Bank of Bahrain and Kuwait

      One of the well-known private sector insurance providers PNB MetLife has collaborated with the Bank of Bahrain and Kuwait in order to sell group insurance and retail products of the firm to the customers of foreign banks in India.

      In this tie-up, PNB MetLife will provide a wide range top class and advanced insurance solution to BBK’s India customers spread across its various branches.

      As per the statement of PNB MetLife the company will offers its insurance product across, health, protection, saving, rural and wealth plan to the customers.

      PNB MetLife is a joint venture between the MetLife International Holding, Punjab National Bank, M Pallonji Company Private, Ltd Jammu and Kashmir Bank and other private and investors.


      PNB MetLife has recently received the Celent Model Insurer Asia 2016 Award. The award ceremony took place on 21st April, 2016, in Singapore. The company has shown promising commitment towards delivering a total customer-centric experience via mobile related eCommerce Sales platforms with a user interface that is best in class. This commitment of the company has opened up new opportunities to serve the customers better. The eCommerce sale of Mera Term Plan, the traditional life insurance plan offered by PNB MetLife, is fully loaded with Core IT systems and it also allows hassle-free customer on-boarding.

      PNB MetLife, one of the leading private Life Insurance players in India, has recently launched a brand new website that provides the customers with the flexibility to customize the self service option, commonly used by them. The Website is loaded with personalized tools, calculators, product infographics and educative articles. The website also revamps the facility for the customers to make their own decisions through life stage based solutions.

    • PNB MetLife Appoints New Chief Information Officer

      PNB MetLife India Insurance Company has appointed Samrat Das as the new Chief Information Officer (CIO) of the company.Before joining PNB MetLife, Samrat Das was the CIO of Tata AIA Life Insurance Company. He started his career as a business analyst with a pharmaceutical Company. Then he joined Fidelity International Company as the Associate Direct of technology. He also worked at SBI Life Insurance Company as the Assistant Vice President- IT.

      PNB MetLife a joint venture between MetLife (a global life insurance provider) and PNB (a nationalized bank in India). It has a widespread reach over 7000 locations across the country. The company sells a wide range of insurance plans in India. PNB MetLife has also made some significant changes like handing over the digital duties to Social Kinnect. Now the Mumbai-based digital Marketing agency will take care of all the works related to the search engine optimization and social media management of the company.

    • PNB Metlife Launches Virtual Reality Based Customer Service Platform in India

      PNB Metlife, one of the leading private life insurance companies in India, has launched a VR-based i.e. virtual reality based customer service platform. In order to avail the services, the customers are required to wear the VR headset while visiting the PNB Metlife branches. An insurance expert will assist the customers in this process based out of another location.

      The company has stated that the virtual reality based customer service platform will display all the policy related information that will occupy customers through visual assist mediums like animations, infographics, etc.

      Mr. Nilesh Sathe, a member of IRDAI has said that this VR-based customer service platform is first-of-its-kind in the insurance market. This customer service platform will be initially introduced in 15 branches across 10 cities in India which include Delhi, Hyderabad, Kolkata, Mumbai, Bengaluru, Chandigarh, Jammu, Pune, Ahmedabad and Lucknow.

      Further in the conversation, Mr. Tarun Chugh, the managing director and CEO of PNB Metlife has stated that the company will extend its VR facility to all 130 branches in phases and finally to customers’ home. Moreover, irrespective of rural or urban areas the company has promised to provide its best services to the consumers.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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PNB MetLife India Insurance Reviews & Ratings

4.3 / 5 (Based on 131 Reviews)
(Showing Newest 25 reviews)
Palsana, March 31, 2021
Beneficial plan
I have got a beneficial plan from the beneficial plan from the policybazaar related to child insurance policy. It is of pnb metlife insurance policy. Such great and affordable plans available. Thanks team.
Padampur, March 30, 2021
Tax rebate
While buying a child insurance plan I have got the tax rebate too. I bought this plan for my 3 years old son. I want his life to be safe and secured and whatever he wants to do he can achieve. I don’t want him to suffer a lot. Thanks to policybazaar for providing best pnb metlife child plan.
Katol, March 16, 2021
Save for my child
I have saved the money for my child in the form of investment known as child insurance. I bought this plan from policybazaar and it is of pnb metlife. I am quite satisfied with the services of the policybazaar.
Mohanlalganj, March 10, 2021
Low premium
One of the best thing I like about pnb metlife is that the premium rates. These are really less and into my budget. I found various good plans under my budget so that I can secure my family. Kudos team.
Barchana, March 09, 2021
Claim settlement ratio
The claim settlement ratio of pnb metlife is really good and quick. I have bought this plan with the help of the policybazaar. It is easy to buy this plan online and also one of my friend has claimed for the same. The customer care team of policybazaar and pnb metlife is good.
Athagarh, March 09, 2021
I paid online
I have taken a pnb metlife child insurance plan from the website of the policybazaar. I have paid online premium which is easy to pay and all things are transparent in nature.
Bhiwadi, March 02, 2021
Low premiums
I got my term insurance plan of pnb metlife insurance policy from the policybazaar. I got the premium rate too much low and into my budget instead. I am happy that policybazaar helped me in getting best plan.
Anaparthi, February 19, 2021
Hassle free services
I have taken the pnb metlife term insurance policy from the policybazaar. It is hassle free to buy the term insurance plan from the website of the policybazaar and they provide with so much of details to me. Great work thanks a lot team.
Adalaj, March 20, 2019
Best Insurance
Life insurance for a stress free life: I was planning for a pension plan for my father since long but wasn’t sure which insurer to go for. Finally, I landed on the portal of Policybazaar which actually helped me go through the returns, premiums, inclusions and exclusions of numerous insurers in a few minutes.
Adimali, March 19, 2019
Covers individual up to 99 yr.
After lot of research I found PNB Metlife Ulip Plan for myself because of its unique feature. It covers the individual for up to 99 yr. of age. Different from other insurance plans.
Chennai, October 18, 2016
PNB Term plan
PNB metlife life insurance is the company from which i bought term insurance policy. The policy coverage is high and premium is less. Claiming is simple and online renewals make so simple through online portal. The inbuilt benefits are awesome which makes policy perfectly for everybody.
Bikaner, October 18, 2016
My son purchase a pension policy plan for me. The terms and conditions of the policy is really very good and beneficial. The investment is also low and the returns are high. Service is quick and all updates are mailed timely.
Ahmednagar, October 18, 2016
Child Future Plan
I purchased a child insurance policy for my child which has low premiums and the service provided by the pnb metlife life insurance company is fantastic. Online renewals makes more easy due good service of online portal which is very simple and easily accessible.
Amritsar, September 26, 2016
Quality Product
First i thought the insurance is not very important like many other think but then my colleague introduce me a insurance policy which is not good for me but for my whole family. I buy it instantly without a second thought. I really am happy to have a pnb metlife ulip insurance policy.
Kurukshetra, September 26, 2016
Worth It
I invested my savings with pnb metlife life insurance by purchasing traditional insurance policy plan. Policy coverage is good and the premiums are less. Service provided is nice and on time. Claims are easy to get by executives help and the online renewals are the best.
Durgapur, September 26, 2016
Beneficial Policy
PNB metlife life insurance is my term insurance policy insurer. I got it in very low investment which facilitate me very big in return. Service is fabulous provided by the executives of the insurance company. Coverage and claims are huge and easily get.
Bhiwadi, August 25, 2016
Term plan
The term insurance policy i have purchased from pnb metlife insurance company. Service provided is fast and claims are even better. Online renewals are the best thing which makes more easier way to continue the plan. It reduces paperwork and documentation.
Aligarh, August 25, 2016
Retirement plan
I buy pension insurance policy and the policy covers is maximum in low premiums. Claiming procedure is simple and service facilitated by the executives is fantastic. Updates are mailed regularly to me regarding insurance policy.
Jamnagar, August 25, 2016
Child Care
Best child insurance policy which has maximum benefits in low premium. The insurer is pnb metlife life insurance. Service provided by them is fabulous and on time. Policy coverage is ~90% and the claims is easily sanctioned.
Dwarakanagar, July 26, 2016
Metlife ulip plan
Ulip insurance plan which i have is fabulous with great services provided by the company members. Great work you do pnb metlife and I'm fully satisfied with my insurance plan. The service of online renewals are very good which reduces the waiting time in the long queues.
Anjuna, July 26, 2016
Investment plan
I have traditional insurance policy, it has low premium but the returns are high. Service is fantastic provided by the executives. Updates are mailed to my email address regularly regarding policy plan. Good job metlife life insurance, i really like your services.
Indore, July 26, 2016
Good Insurance
Pnb metlife is my insurer and i bought pension plan from them. The policy is good and claiming is simple. Insurance have big amount in return after policy get mature and speed of the service is very quick and on time. Good investment for the future which reduces tax.
Brahampur, July 26, 2016
Pnb insurance plan
The metlife life insurance is very good insurance company and buy child insurance plan. Now i'm tension free for my child's future. It's coverage is high and claims are even better. Updates are seen on the website. The renewals can be done by the online portal which is easy to use.
Madhuban, July 11, 2016
My ulip plan is nice with low investments. The service is good and claiming become easy. Policy coverage is high and premiums are less. Online portal services are easy to access and anyone can operate it easily.
Durgapur, July 11, 2016
Traditional Policy
My traditional insurance plan is good with maximum recovery, refund and reimbursed by the insurance company. Service is good and on time. Claiming become easy to this, Premium is less and policy coverage is high.
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