PNB MetLife Insurance - Read Expert Reviews, Compare & Buy Plans Online

Having started its operation in 2001,PNB MetLifehas been one of the fastest growing insurance companies in the country with offices in over 150+ locations. The company has a strong product line up with life insurance plans suitable for people with different requirements. Customers can choose from protection plans, savings plans, wealth plans, retirement plans, child plans, etc. In addition to individual plans, PNB MetLife also offers group plans for corporate customers to provide coverage for their employees. Let’s take a look at various aspect of the company and the different plans it offers.

Highlights of PNB MetLife Insurance _{Updated on 07 Jun 2023}

Percentage of Grievances Solved	98.32%
Claim Settlement Ratio	82.40%
Group Death Claims	97.35%
Solvency Ratio	2.02 (for the quarter ended March 2018)

Products and Services offered by PNB MetLife

PNB MetLife has a massive portfolio of insurance products which are divided 9 different categories. Below is a list of all the products offered by the company:

 

PNB MetLife Protection Plans:

Protection plans are also known as term plans, which offer insurance coverage for a time period specified in the policy. Here’s a list of all the protection plans offered by MetLife:

• PNB MetLife Mera Term Plan
• PNB MetLife Family Income Protector Plus

PNB MetLife Health Plans:

Health plans are those insurance plans which help individuals to take care of their healthcare related expenses. Below are the health plans offered by MetLife:

• MetLife Critical Illness Rider
• MetLife Accidental Disability Benefit Rider
• MetLife Accidental Death Benefit Rider Plus

PNB MetLife Child Plans:

Child plans are those insurance plans which help take care of any future needs related to a child including their education and marriage. Plans under this category are as follows:

• PNB MetLife Money Back Plan
• PNB MetLife Bhavishya Plus
• MetLife Smart Platinum
• PNB MetLife College Plan
• PNB MetLife Smart Child

PNB MetLife Savings Plans:

Savings plans are those which help individuals save while also offering a base insurance coverage to a policyholder and their family. Here are the plans sold under this category:

• PNB MetLife Money Back Plan
• PNB MetLife Bachat Yojana
• PNB MetLife Guaranteed Savings Plan
• PNB MetLife Guaranteed Income Plan
• PNB MetLife Bhavishya Plus
• MetLife Endowment Savings Plan

PNB MetLife Rural Plans:

Rural plans are those plans which are available for the rural populace and are designed to cater to meet their needs and requirements. Here are all of the rural plans listed for you:

• PNB MetLife Bachat Yojana
• MetLife Grameen Ashray
• PNB MetLife Bhavishya Plus

PNB MetLife Wealth Plans:

MetLife also offers plenty of wealth plans wherein, upon choosing, policyholders get to invest a in mutual funds on a timely basis. Plans under this category are as follows:

• MetLife Mera Wealth Plan
• MetLife Smart Platinum
• MetLife Smart One

PNB MetLife Retirement Plans:

MetLife has a massive roster of retirement plans individuals can invest in. These include:

• PNB MetLife Dhan Samriddhi Plan
• MetLife Retirement Savings Plan
• PNB MetLife Immediate Annuity Plan
• PNB MetLife Monthly Income Plan - 10 Pay
• PNB MetLife Money Back Plan
• PNB MetLife Bachat Yojana
• MetLife Mera Wealth Plan
• MetLife Smart Platinum

PNB MetLife Group Plans:

MetLife also has a few group plans which cater to specific requirements of large and small corporations. These plans are as follows:

• PNB MetLife Unit Linked Employee Benefit Plan
• PNB MetLife Traditional Employee Benefits Plan
• PNB MetLife Superannuation
• PNB MetLife Loan and Life Suraksha
• PNB MetLife Group Term Life Plus
• PNB MetLife Complete Care Plus

Note: Some of the plans listed above may appear under multiple categories. This is because these plans offer dual benefits and so are an effective part of all categories they are listed under.

Company Location - Where you can find MetLife Offices?

PNB MetLife has its offices in over 150 locations in the country. Below is a tabular column that lists out all the key branches in the country and their contact information.

Customers can also contact the number 91-80-26502244 (from 8:00 a.m. to 8:00 p.m.) to access the customer service department of PNB MetLife. Customers can access the IVR service 24*7 by providing their policy details.

Awards Won by PNB MetLife:

As a company PNB MetLife has won plenty of awards in both Indian and international levels. Below is a list of some of the awards the company has won so far.

• ‘Technology Innovation Award’ at Fintelekt Insurance Awards 2017 in the Life Insurance category
• ‘Technology Initiative of the year’ for excellence in insurance at the National Awards 2017
• ‘Innovation of the Year’ at the 21st Asia Insurance Industry Awards 2017 held in Singapore
• ‘BSFI Digital Innovation Award’ in the VR Category by the Indian Express Group 2017
• Working Mother and AVTAR 100 Best Company For Women Award 2016
• Best Education Training Campaigns and Programs Award at Asia Training and Development Excellence Awards 2016
• Celent’s Model Insurer Asia Award 2016
• Excellence in Growth Awards at indian Insurance Awards 2012

PNB MetLife - Board of Directors and Shareholding Pattern:

PNB MetLife has plenty of experienced professionals who form the crux of the company’s management. Here’s a list of all the key members from the upper echelons of the company.

• Ashish Kumar Srivastava - Managing Director and Chief Executive Officer
• Niraj Shah - Chief Financial Officer
• Sanjay Kumar - Chief Investment Officer
• Sarang Cheema - Chief Compliance Officer
• Anjan Bhattacharya - Chief Risk Officer
• Vijay Nene - Director & Head - Operations & Services
• Nipun Kaushal - Chief Marketing Officer
• Yagya Turker - Company Secretary and Compliance Officer
• Samrat Das - Chief Information Officer

Below is the Shareholding Pattern of the Company:

Claim Settlement Ratio

As data suggests, PNB MetLife has a decent claim settlement ratio. Here is a table that lists out the number of claims the company has settled during the 2017-18 financial year:

Trend of PNB MetLife claim settlement for from 2009 to 2017

How to Settle a Life Insurance Claim with PNB MetLife?

PNB MetLife follows three simple steps to settle claims made by its policyholders. These three steps are as follows:

Step 1: Modes of communication

The policyholder or the nominees need to establish communication with the company and start the claim process with any of these modes such as a letter, fax, and email.

Step 2: Submission of required documents

Before settling a claim, PNB MetLife requires the claimant to provide some supporting documents. The documents required varies depending on the type of claim being made. Here is a list of documents required:

• For Death:

  If the person assured passes away, here are the documents that should be submitted:

  • Death certificate
  • Original policy document/ Indemnity bond in case the policy document is lost
  • Statement from the family physician
  • Statement from the last attending physician
  • Claimant’s statements
  • ID proof and address proof of the claimant
  • Cancelled passbook or cheque leaf of the claimant
• For accidental death:

  If the person assured dies due to an accident within the period mentioned in the insurance policy, the following documents need to be submitted:

  • Death certificate
  • Original policy document/ Indemnity bond in case the policy document is lost
  • Statement from the family physician
  • Statement from the last attending physician
  • Claimant’s statements
  • ID proof and address proof of the claimant
  • Cancelled passbook or cheque leaf of the claimant
  • Copy of FIR/Panchnama/Inquest report
  • Copy of postmortem report
  • Copy of newspaper report, if there is any
• Critical Illness:

  These are the documents that should be submitted if the person assured dies due to a critical illness:

  • Claimant’s statement
  • Summary of discharge by the hospital and copies of other hospital records
  • Statement from the last attending physician
  • Original policy document
  • Cancelled passbook or cheque leaf of the person assured
• For Waiver of Premium:

  If the claimant is requesting for a waiver of premiums, the following documents should be submitted:

  • Claimant’s statement
  • Statement from the last attending physician
  • Original policy document
  • Copies of treatment and diagnosis reports
  • Disability report attested by a civil surgeon or any competent authority
  • Certificate mentioning the current health situation
  • FIR attested by the SHO of the nearest police station
  • Cancelled passbook or cheque leaf of the person assured
• For Met Healthcare:

  MetLife offers Met Healthcare, a specialised treatment facility for policyholders who specifically opt for it. Documents required for claims under this include:

  • Certificate from the hospital
  • Cash benefit claim form from the hospital
  • Admission notes provided by the hospital
  • Discharge summary
  • Bills of all the cash paid
  • Cancelled passbook or cheque leaf of the person assured