• PNB MetLife Mera Heart and Cancer Care Plan

    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 options

    Everyone loves policies that provide additional benefits without having to procure separate plans for the same. The Mera Heart and Cancer Care Plan by PNB Metlife is a policy that provides not just health care protection but also a life cover, making this plan one of the most sought after policies available in the market today. The Mera Heart and Cancer Plan comes with other unique advantages as well, such as a zero survival period, wherein individuals can file for insurance claims as soon as they are diagnosed and payouts at various stages of illness. Individuals will also receive a balance of all the premiums that have been paid upon plan maturity. This Non-participating, non-linked health insurance plan is made in such a way that individuals receive comprehensive cover against heart diseases and all stages of cancer.

    Individuals can avail the distinctive advantage of being able to customise their coverage. They opt for coverage against cancer, heart diseases or both. Individuals can avail lump sum benefits at severe, moderate and mild stages of their illness and Terminal Illness along with Inbuilt Life cover right from the first day. Policyholders can choose to procure additional income every month if they opt for the Platinum plan. In addition to the above, policyholders can receive the balance of all their premiums upon maturity, minus claims. However, the best part of this plan is that female policyholder can avail special benefits such as coverage for female specific cancer at reduced rates.

    Eligibility - Who is the PNB Metlife Mera Heart and Cancer Plan for?

    In order to avail the above plan, individuals must meet the eligibility criteria mentioned below:

    Parameters Minimum Maximum
    Age of entry (in years) 18 65
    Age of maturity (in years) 28 75

    All ages are as on last birthday of the policyholder.

    Sum Assured and Premium Range - What you get and what it costs?

    Sum Assured:

    The Sum Assured depends on the coverage, policy tenure chosen and the premiums that are paid.

    Sum Insured - Cancer Cover (in Rupees) Rs.5,00,000 Rs.40,00,000
    Sum Insured - Heart Cover (in Rupees) Rs.5,00,000 Rs.40,00,000
    Sum Insured - Heart and Cancer Cover (in Rupees) Rs.10,00,000 Rs.80,00,000


    Policy tenure 10 years/15 years/20 years
    Premium Payment Tenure Equal to the tenure of the policy
    Premium Payment Modes Annually/Semi-annually/Monthly

    Individuals must note that all premiums may vary based on policy term, age, location and other factors.

    Plan Coverage - What the PNB Metlife Mera Heart and Cancer Plan covers?

    Given below are all the conditions covered under the PNB Metlife Mera Heart and Cancer Plan.

    Conditions Covered Mild Stage Moderate Stage Severe Stage
    Heart Cover
    • Angioplasty (stenting for Coronary Arteries)
    • Infective Endocarditis
    • Pericardiectomy
    • Renal Angioplasty
    • Endarterectomy
    • Minimally Invasive Surgery for Aortic Aneurysm
    • Replacement of Heart Valves or Percutaneous Procedures for Repair
    • Stenting and Angioplasty for Carotid Arteries
    • Initial implantation of Permanent Pacemaker of Heart
    • Insertion of Implantable Cardioverter Defibrillator
    • Surgery to place Ventricular Assist Devices or Total Artificial Hearts
    • Major surgery of Aorta
    • Cardiomyopathy
    • Open Chest CABG
    • Heart Transplant
    • Repair of Heart Valves
    • Myocardial Infarction i.e., First Heart Attack of a specified severity.
    Cancer Cover
    • Carcinoma-in-situ
    • Specified early stage cancer
    • Complete Abdominal Hysterectomy and Bilateral Salpingo - Oophorectomy for Carcinoma-in-situ of Uterus/Carcinoma-in-situ of Cervix/Carcinoma-in-situ of Ovary
    • T1NoMo Urinary Bladder Cancer/Cystectomy for Carcinoma-in-situ of the Urinary Bladder
    • Orchidectomy for Carcinoma-in-situ of the testis
    • Mastectomy for Carcinoma-in-situ of the breast
    • Major Cancer

    Individuals will have to note that all claims will be paid in increasing order to severity within the specific cover option. In case claims are being put forth by policyholder for various stages of the same cancer at a specific time, the highest claim that is admitted under the policy will be paid. In case more than one cancer has been diagnosed, benefit will be paid under any one condition.

    There are two types of Plans available and these are:

    • Gold Plan
    • Platinum Plan

    Benefits of these Plans are given below:

    Parameter Gold Plan Platinum Plan
    Cancer Cover/Heart Cover/Heart and Cancer Cover
    • Mild Stage - 25% of the Sum Insured
    • Moderate Stage - 50% of Sum Insured
    • Severe Stage - 100% of Sum Insured
    • Mild Stage - 25% of the Sum Insured
    • Moderate Stage - 50% of Sum Insured
    • Severe Stage - 100% of Sum Insured
    Maturity Benefit In case policyholders choose the Return of Balance Premium option, he/she will receive a sum of all premiums that have been paid, minus critical illness benefits that have already been paid, at the end of the selected policy tenure. In case policyholders have chosen a without return of balance premium option, no maturity benefit is payable.
    Premium Waiver Benefit In case policyholder has put forth a valid ‘Mild stage’ or ‘Moderate stage’ claim under an on-going policy, all future premiums for the successive five years will be waived. This benefit will be available only in case of first claim. If the outstanding policy tenure is less than five years, all premiums for outstanding tenure will be waived.
    Terminal Illness/Death Benefit Death benefit will be paid on earlier occurrence of either diagnosis of Terminal Illness or Death. This Death Benefit will be the Sum Insured on death without Critical Illness claims that have already been paid.
    Monthly Income Benefit Not Applicable A monthly income benefit of 1.5% of the Sum Insured will be paid additionally. This will be paid only on Severe Stage claim for a period of 5 years, from the date of the claim. This benefit will be in addition to all other benefits that have been described under the plan.

    Other Benefits available under this Plan are as follows:

    Special Benefits for Women Cancers of female-specific organs such as cervical cancer, breast cancer, etc, are covered under the Cancer cover. Female policyholders can also avail special rates for the same.
    Surrender Benefit This benefit will be paid only if the option With Return of Balance Premium’ is chosen. After premiums have been paid regularly for a minimum of 3 full years from the date of policy commencement, Surrender Value will be paid, minus critical illness claims paid, if any. Surrender Value is a higher of Guaranteed Surrender Value and Special Surrender Value. The policy will cease on the date when surrender benefits are settled.
    High Sum Insured Discount
    • For sum intervals of Rs.5,00,000 to Rs.10,00,000 - Discount per Rs.1,000 Sum Insured per year is Nil
    • For sum intervals of Rs.10,00,001 to Rs.15,00,000 - Discount per Rs.1,000 Sum Insured per year is Rs.0.5.
    • For sum intervals of Rs.15,00,001 to Rs.25,00,000 - Discount per Rs.1,000 Sum Insured per year is Re.1
    • For sum intervals of above Rs.25,00,000 - Discount per Rs.1,000 Sum Insured per year is Rs.1.5
    Premium Discount Premium discount is not offered when only Cancer Cover or Heart Cover is availed. However, if both are procured then discount is applicable, as mentioned in the table below.
    Age Discount Age Discount Age Discount Age Discount
    18 26.0% 31 19.0% 44 10.0% 57 5.8%
    19 25.5% 32 18.0% 45 9.5% 58 5.4%
    20 25.0% 33 17.5% 46 9.0% 59 5.1%
    21 24.5% 34 17.0% 47 8.8% 60 4.8%
    22 24.0% 35 16.5% 48 8.5% 61 4.2%
    23 23.5% 36 16.0% 49 8.3% 62 3.8%
    24 23.0% 37 15.5% 50 8.0% 63 3.1%
    25 22.5% 38 15.0% 51 7.5% 64 2.5%
    26 22.0% 39 14.0% 52 7.0% 65 2.0%
    27 21.5% 40 13.0% 53 6.8%    
    28 21.0% 41 13.0% 54 6.5%    
    29 20.5% 42 12.0% 55 6.3%    
    30 20.0% 43 11.0% 56 6.0%    

    Exclusions - What the PNB Metlife Mera Heart and Cancer Plan does not cover?

    • In case of policyholder’s death due to suicide, whether sane or insane within one year from the date of policy inception, only 80% of premiums received under the policy will be paid to the beneficiary or nominee of the policyholder as long as the policy is In-force status.
    • In case of policyholder’s death due to suicide within a period of one year from date of last policy revival, the nominee will receive higher of 80% of the Total Premiums received or Surrender Value as long as the policy is in-force. Interest will not be paid on the same.

    Other Key Features – Freelook Period, Surrender Values, Grace Period etc.

    Grace Period In case premiums are not paid on due dates, a grace period of 30 days will be available from due date of premium. The grace period for monthly mode of payment if 15 days. During this period, policy will continue to be in force.
    Lapse In case installment is not paid completely within the given Grace Period, the policy will lapse and cover will cease.
    Revival A lapsed policy can be revived within the revival period of two years from date of first unpaid premium by providing proof of insurability based on Board approved underwriting policy. All due premiums will also have to be paid along with interest at the rate prevailing at that point of time. This request will attract -
    • If policy is revived within a period of 60 days from lapse or a continuous waiting period of 180 days has been served, the waiting period of 180 days will not apply.
    • For other cases, waiting period will be applicable.
    Customers should note that a surrendered policy cannot be revived.
    Survival Period and Waiting Period
    • An initial waiting period of 180 days from the date of policy commencement or from date of policy revival for the diagnosis is applicable for claim to be valid.
    • There is no compulsory survival period between the date of diagnosis of the condition and date on which customer will be eligible for payment of benefit.
    • In case of death, there will be no waiting period.
    • In case diagnosis or symptoms occurred during waiting period when only one cover is chosen, the policy will terminate and benefits will not be paid.
    • In case Cancer and Heart cover is chosen, only that specific cover will cease in case symptoms have occurred during the waiting period.
    • Premiums will decrease to the premiums that are payable under the cover that is continued.
    Free Look Period In case customers are not satisfied with the policy, they have the option to return the policy along with stated reasons, within a period of 15 days from the date on policy receipt. In case the plan has been sold via distance marketing channels, such as telephone conversation or online, 30 days is the Free Look Period available. In such a case, policyholder will receive:
    • A refund of all premiums that have been paid minus expenses that have been incurred by the company due to medical examination of the policyholder and stamp duty charges, or
    • In case risk has commenced and policyholder chooses to return the plan, a deduction towards proportionate risk premium for the period on cover, or
    • In case part of insurance coverage has begun, proportionate premium commensurate with the coverage during the specific period.
    Terminal Illness Terminal Illness is stated as rapidly progressing or advanced disease wherein, according to the opinion of two independent medical practitioners’ believe that life expectancy of such an individual no longer than twelve months from date of claim notification. Terminal Illness due to AIDS is not included and the policy will cease upon payment of terminal illness benefit.
    Premium Guarantee These rates are guaranteed for a period of five years from policy commencement. However, these premium rates will be reviewed at every five policy years.

    Tax Benefits - How you can save with the PNB Metlife Mera Heart and Cancer Plan?

    This plan comes with tax benefits based on the conditions and provisions of the Income Tax Act of 1961 and are subject to changes made in tax laws. Therefore, customers are advised to contact their tax advisors prior to procuring the plan for more information regarding tax benefits.

    Other Benefits - How you can save with the PNB Metlife Mera Heart and Cancer Plan?

    One of the premier Life Insurance providers in the country, PNB Metlife provides customers with a multitude of products to cater to every unique need and requirement. In addition to the sheer number of plans that they offer, PNB Metlife comes with other advantages as well. These benefits are:

    • Compare - Individuals have the option to compare all the plans that they are interested in by clicking on the ‘Compare’ option provided in the website. By doing so, customers can get an idea as to the advantages and disadvantages of various plans.
    • Get Quote - Interested individuals can also find out the tentative premium for the plan that they are interested in by giving a few of their basic details.
    • Buying Choices - Individuals have the option of procuring insurance plans either by visiting one of the PNB Metlife branches or by applying for the same online, through the website. Apart from this, customers can also request for an advisor to help provide a better understanding of all plans. The toll-free contact number can also be used by individuals in case they wish to clear further doubts. In addition to the above, individuals can also contact PNB Metlife through SMS as well.
    • Premium Calculator - Customers can also make use of the premium calculator available on the PNB Metlife website and find out the tentative premiums that they would have to pay and the subsequent Sum Assured that they would receive.

    Why you should buy the Mera Heart and cancer Plan from PNB Metlife?

    One of the most well-known and trusted providers of insurance, PNB Metlife has branches in more than 7000 locations. This company has insured more than a 100 million individuals throughout the world and boasts of a high claim-settlement ratio as well. PNB Metlife works in order to ensure that the lives of their customers are easy. This insurance company has partnered with a number of banks such as PNB, Jammu and Kashmir Bank Limited and Karnataka Bank Limited.

    All products are easy to procure and this company strives to be the best in the field. PNB Metlife has also won numerous awards for their products and services. This company won the Celent’s Model Insurer Asia 2016 and two awards at the Asia Training and Development Excellence Awards 2016. PNB Metlife also has the distinction of winning the ‘Website of the Year’ award in Mumbai at the E-Commerce Summit and Awards.

    The content on this website is meant only for general information purpose and does not and shall not be construed as any solicitation, procurement, display, aggregation, marketing or advertisement of insurance products. BankBazaarInsurance is not an insurance intermediary and hence does not endorse or solicit any such products. The information on this website is derived from publicly available sources and BankBazaarInsurance cannot verify or confirm the genuineness, truth, veracity or authenticity of this information.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    PNB MetLife Mera Heart and Cancer Care Plan Reviews