• PNB MetlLife Insurance Premium Calculator

    Life Insurance
    • Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
    • Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
    • Do more with plans that offer pure protection, retirement planning and investment option

    PNB MetLife India Insurance Company Limited, which commenced operations in the year 2001, is a leading life insurance company in India. The insurer offers a varied range of insurance solutions including protection-oriented policies, savings-oriented plans, and pension plans. In addition, the insurer also offers a number of group insurance policies.

    In order to purchase an insurance policy, the policy buyer is required to pay premiums to the insurance provider. The premium charged by an insurer will vary from policy to policy on the basis of the features and benefits of the policy, the policy term selected, the age of the policy buyer, etc. Thus, it is advisable for policy buyers to use the premium calculator tool, which is available on the official website of PNB MetLife, to calculate the premium quote of respective life insurance policies offered by the insurer.

    Need for Premium Calculators

    Before purchasing a life insurance policy, it is advisable to do your research and familiarise yourself with the benefits and features of the policy. Along with this, you should also remember to check the cost of the policy since it is important to purchase a policy that is suited to your premium payment ability.

    Since it would be rather time-consuming to visit various insurance companies and check the premiums of different insurance policies, it is advisable to calculate the premium using the premium calculator tool. Most life insurance companies offer a premium calculator tool on their official website in order to help prospective customers calculate the premium in a hassle-free manner.

    Thus, by simply keying-in a few details, you can view the premium quote of a life insurance policy. This will, in turn, help you purchase a life insurance policy that not only suits your coverage needs but also suits your premium payment ability.

    How to Use the PNB MetLife Premium Calculator Tool?

    The steps that you will have to follow to calculate the premium through PNB MetLife’s official website are as follows:

    • Visit the official website of PNB MetLife at https://www.pnbmetlife.com/.
    • You will have to click on ‘Insurance Plans’, which you will find at the top of the insurer’s homepage.
    • Upon clicking this, you will see a drop-down menu with a list of life insurance policies offered by the insurer.
    • You will have to click on a policy for which you would like to receive a premium quote.
    • Upon doing this, you will be redirected to another webpage, where you will be able to view the details of the policy. To receive the premium quote, you will have to click on the ‘Premium Calculator’ option, which you will also find on the same webpage.
    • Next, you will need to key-in certain details such as whom you are purchasing the policy for, the purpose of purchasing the insurance policy, your gender, and date of birth. After entering the required information, you will have to click on ‘Submit’.
    • On the next webpage, you will have to enter a few more details such as how much you wish to invest, the frequency of the investment, how many years you wish to pay the premium for, etc.
    • Upon doing this, you will be able to view the death benefit and maturity benefit that will be paid to you or your nominee by the insurer for the premium that you are willing to pay.
    • Doing this will help you check if the premium that you are willing to pay is sufficient to help you meet your financial goals and provide financial security for your dependents.

    Advantages of Using a Premium Calculator

    A few benefits of using a premium calculator tool before purchasing a life insurance policy are as follows:

    • Using the premium calculator tool that is available on the insurer’s website will help you save time since you don’t have to remember any complicated formulas to calculate the premium.
    • Once you have calculated the premium quote, most insurance companies ask you for certain contact details through which the company can help you get in touch with an insurance advisor or agent. This, in turn, can help you clarify any doubts or queries that you might have.
    • Calculating the premiums of various life insurance policies can help you compare these policies and purchase a policy that is within your budget. Thus, requesting for premium quotes can also help you save money since you will be aware of the premiums charged for various life insurance policies.
    • Premium calculator tools are usually user-friendly and help you calculate the premium in a hassle-free manner.


    As a prospective policy buyer, you should consider using the premium calculator tool on the PNB MetLife website in order to make an informed choice. The insurer also offers a number of other financial tools such as the retirement calculator, tax savings calculator, wealth calculator, etc., which you can make use of, if needed. You can also get premium quotes for various life insurance policies by visiting a trusted third-party insurance website that will help you compare life insurance policies side-by-side.

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