PNB MetLife India Insurance Company Limited
PNB MetLife Mera Term Plan Plus
UIN 117N126V04We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
—
Claim settlement (CSR)
97.3%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Life · Life Plus · Life Plus Health
Premium payment
Single Pay · Limited Pay · Regular Pay
Policy term
10–81 yrs
Surrender value
no
Free look
30 days
What this plan does well
- MAX MATURITY 99 YEARS — INDUSTRY LEADING (whole-of-life option)
- 3 Benefit Options: Life / Life Plus / Life Plus Health (50 CIs)
- Pay till Age 60 PPT option — DISTINCTIVE flexibility
- Return of Premium option (max PT 40 yrs)
- Spouse Coverage in same plan — DISTINCTIVE
- Child Education Support Benefit — DISTINCTIVE family-protection design
- Step-Up Sum Assured + Life Stage Benefit
- 3 Payout Options: Lumpsum / Monthly Income (10 yrs) / Lumpsum + Monthly Income
Watch out for
- RoP option max PT only 40 yrs (whole-of-life requires no RoP)
- Life Plus Health max maturity only 75 yrs (vs 99 base)
- RoP NOT available if Child Education support chosen
- Monthly mode only for standing instruction/ACH
- Regular Premium NO Surrender Value
- PNB MetLife CSR ~97% — strong but not top-tier
- Limited Pay constraint: Min PT = PPT + 5 yrs
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.