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  • PNB Metlife Savings Plans

    Life Insurance
    • Premiums as low as Rs.18/day for sum assured of Rs.1 crore
    • Paperless process available
    • Choose between lump sum and monthly payout options

    Saving for the future is something most of us have in mind. The current market conditions offer a number of saving instruments, but those looking for enhanced savings plus protection can opt for savings insurance plans. Not only do these offer decent returns on maturity, but also protect the financial interests of the investor’s family. One can choose the period for which they wish to be protected under these plans.

    PNB MetLife offers a host of savings plans, with each meeting specific requirements. These are ideal for those looking to save money for a rainy day, with the benefits offered by the plans making them worth the investment.

    Benefits of PNB MetLife Savings Plans

    Some of the benefits of Savings Plans offered by PNB MetLife include:

    • Tax savings – Individuals can save money on tax when they pay their premiums. This money can be used to further enhance their savings corpus.
    • Multiple options – One can choose a plan which meets their future requirements, with 7 plans on offer.
    • Flexibility – One can choose the premium amount and frequency of payments, based on their current financial situation.
    • Loans* – Individuals can avail loans against their policy, helping them handle any financial emergency.
    • Rebates – One can save on the premium amount if they opt for high sum assured. The company provides rebates on the premium in such cases.

    *Depends on the policy an individual has opted for. Could change from policy to policy.

    Types of Savings Plans offered by PNB MetLife

    PNB MetLife currently offers 7 savings plans, as listed below:

    MetLife Money Back Plan:

    As the name implies, this plan provides assured money back to policyholders. This is a 10 year, non-linked scheme under which the policyholder receives money after the sixth year. It offers survival benefits wherein 10% of the sum assured is paid for five years. Additionally, on maturity, 60% of the sum assured is paid to the individual. In the event of unfortunate demise of policyholder while the plan is active, a death benefit is paid to the nominee.

    Plan Name Entry Age Maturity Age Premium
    MetLife Money Back Plan Minimum: 13 years Maximum: 55 years Maximum: 65 years Minimum: Rs.23,119 Maximum: Rs.51,63,875

    MetLife Bachat Yojana:

    This is a deferred endowment scheme which is not linked to any market performance. Policyholders are eligible to earn a Simple Reversionary Bonus under this scheme. It is ideal for those looking to build a savings portfolio with low investments. The plan offers a maturity benefit on completion of policy term. In the event of demise of policyholder before the term, a death benefit is offered to the nominee.

    Plan Name Entry Age Maturity Age Premium
    MetLife Bachat Yojana Minimum: 20 years Maximum: 60 years Maximum: 75 years Minimum:
    • Annual – Rs.6,000 per year
    • Semi-annual – Rs.10,000 per year
    • Monthly/PSP –Rs.15,000 per year
    Maximum: Rs.23,999 per year

    MetLife Guaranteed Savings Plan:

    This is a non-linked, non-participating life insurance scheme which provides a guaranteed sum assured once the policy matures. In the event of demise of policyholder while the policy is active, a death benefit is provided to the nominee. The plan also earns assured additions every year. It comes with three premium payment options, 5 pay, 7 pay, and 10 pay.

    Plan Name Entry Age Maturity Age Premium
    MetLife Guaranteed Savings Plan Minimum:
    • 3 years for 7 and 10 pay plans
    • 8 years for 5 pay plan
    Maximum: 60 years
    Maximum:
    • 70 years for 5 pay plan
    • 75 years for 7 pay plan
    • 80 years for 10 pay plan
    Minimum:
    • 5 pay – Rs.46,480 per year
    • 7 pay – Rs.21,068 per year
    • 10 pay – Rs.14,178 per year

    MetLife Guaranteed Income Plan:

    As the name suggests, this plan provides a guaranteed source of regular income to policyholders. One can choose between three premium payment terms, 5, 7, or 10 years, with the scheme offering a survival benefit after the policy term. A death benefit is provided to the nominee if the policyholder passes away while the policy is in force.

    Plan Name Entry Age Maturity Age Premium
    MetLife Guaranteed Income Plan Minimum:
    • 3 years for 7 and 10 pay plans
    • 8 years for 5 pay plan
    Maximum: 60 years
    Maximum:
    • 70 years for 5 pay plan
    • 75 years for 7 pay plan
    • 80 years for 10 pay plan
    Minimum:
    • 5 pay – Rs.52,900 per year
    • 7 pay – Rs.23,864 per year
    • 10 pay – Rs.16,666 per year

    MetLife Endowment Savings Plan:

    This is a scheme which provides one the flexibility to plan for their future. It offers a death benefit which is the highest of the base sum assured, 105% of total premiums paid, or 10 times the yearly premium. Policyholders are also eligible to earn terminal and simple reversionary bonus, with the scheme providing a maturity benefit after the policy matures.

    Plan Name Entry Age Maturity Age Premium
    MetLife Endowment Savings Plan Minimum: 20 years Maximum:
    • 54 years for Limited Pay of 5 years
    • 60 years for all other modes
    Maximum: 75 years Regular Pay
    • Yearly – Rs.15,000
    • Half-yearly – Rs.12,000
    • Quarterly – Rs.6,000
    • Monthly – Rs.2,500
    Limited Pay 10 years
    • Yearly – Rs.24,000
    • Half-yearly – Rs.12,000
    • Quarterly – Rs.6,000
    • Monthly – Rs.2,500
    Limited Pay 5 years
    • Yearly – Rs.30,000
    • Half-yearly – Rs.15,000
    • Quarterly – Rs.7,500
    • Monthly – Rs.5,000

    PNB MetLife Endowment Savings Plan Plus:

    This plan provides two options to individuals, Savings and Savings Plus. Policyholders are entitled to a maturity benefit which consists of the sum assured plus all bonuses. In addition, the Savings Plus scheme comes with a waiver of premium if the policyholder is diagnosed with a critical illness. A death benefit is offered to the nominee if the policyholder passes away while the plan is in force.

    Plan Name Entry Age Maturity Age Premium
    PNB MetLife Endowment Savings Plan Plus Minimum:
    • Savings Plan – 8 years
    • Savings Plus Plan – 18 years
    Maximum:
    • Savings Plan
    • 55 years for Regular Pay option (annual payment)
    • 50 years for other payment modes under Regular Pay
    • 60 years for Limited Pay mode (annual payment)
    • 55 years for other modes under Limited Pay
    • Savings Plus
    • 50 years for Regular Pay (annual payment)
    • 45 years for all other modes of payment under regular Pay
    • 55 years for Limited Pay mode (annual payment)
    • 50 years for other modes under Limited Pay
    Maximum:
    • Savings Plan – 80 years
    • Savings Plus
    • 65 years for Regular Pay
    • 80 years for Limited Pay
    Minimum:
    • 5 Pay – Rs.48,000 per year
    • 7 Pay – Rs.34,000 per year
    • 10 Pay – Rs.24,000 per year
    • Regular Pay – Rs.18,000 per year

    MetLife Bhavishya Plus:

    This scheme is ideal for those looking to secure the future of their loved ones. It provides a waiver of premium in the event of demise of policyholder. The policy also earns a bonus, with a survival benefit and maturity benefit provided under it.

    Plan Name Entry Age Maturity Age Premium
    MetLife Bhavishya Plus Minimum: 20 years Maximum: 45 years Maximum: 69 years Minimum:
    • Yearly – Rs.8,000
    • Half-yearly – Rs.10,000 per year
    • Monthly – Rs.15,000 per year
    Maximum: Rs.17,999 per year

    Why do you need PNB MetLife Savings Plans?

    PNB MetLife Savings Plans take into account any contingency which could arise during the lifetime of an individual, helping him/her be prepared to tackle it. Not only do they offer generous returns on investment, but also guarantee the peace of mind of a policyholder. The company has a high grievances solved ratio of 99.55 % for the year 2015-2016, highlighting its commitment towards policyholders, making these plans even more attractive.

    PNB MetLife Savings Plans Reviews

    • PNB Metlife Life Insurance
      "Good for Nominee"
      0.5 4.5/5 "Excellent!"
      PNB Met life is best for the term policy, the branch is cooperative, claim settlement is good and the premium is also reasonable, I used to pay around Rs. 10k for the coverage Rs. 50 lakhs. They are providing disability, cirital illness cover with good service.
      Was this review helpful? 0
      , bokaro
      Reviewed on Oct 23, 2018
    • PNB Metlife Life Insurance
      "Recommendable policy for everyone"
      0.5 5.0/5 "Blown Away!"
      The PNB met life policy premium is low and the cheapest one which i can get from the market. Because of the 95% and above the claim ratio i have chosen this policy. I pay the premium of Rs. 7500 approximately. I used to pay the premium through Internet. Overall, I'm satisfied with the policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2018
    • PNB Metlife Life Insurance
      "GOOD POLICY"
      0.5 3.0/5 "Satisfactory"
      The life insurance policy with PNB METLIFE INDIA INSURANCE has been done by my bank where they provided the maturity of 10-15years but the premium 30-32k i pay on yearly basis for 5 years. It gives the coverage of life after the premium period.
      Was this review helpful? 0
      , srinagar
      Reviewed on Sep 07, 2018
    • PNB Metlife Life Insurance
      "Very good policy"
      0.5 5.0/5 "Blown Away!"
      I have a Term Insurance policy from PNB MetLife, I have chosen this policy based on the plan benefits they offered as well as the policy coverage. I am very satisfied with the policy, it covers accidental disability cover and critical illness. My total premium is around Rs. 1,344 and sum assured to me is around Rs. 75,00,000.
      Was this review helpful? 0
      , patna
      Reviewed on Apr 09, 2018
    • PNB Metlife Life Insurance
      "Documentation process should be simpler"
      0.5 4.0/5 "Great!"
      I took term insurance from PNB Metlife, but I didn't receive the documents from their end. I spoke with their customer care, they asked me to go to the bank its not upto the mark. However the policy cost is very lower than other insurance, I do get some money back benefits. I took MetLife Mera Term Plan-Full Lump Sum Payout + Accidental Disability Benefit for the monthly premium around Rs.542, for the sum assured of 10 lakhs.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 13, 2018
    • PNB Metlife Life Insurance
      "Overall good "
      0.5 3.5/5 "Pretty good"
      PNB Met Life was good in the process and services. I have taken my term insurance from them. It is a MetLife Mera Term Plan where there is a Full Lump Sum Payout + Accidental Death Benefit + Accidental Disability Benefit + Critical Illness Rider, which is 10000000 + 2276000 + 2209000 + 500000. The tenure is for 40 years.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 07, 2018
    • PNB Metlife Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a MetLife Mera Term Plan - Full Lump Sum Payout + Accidental Disability Benefit + Critical Illness Rider plan. It has a sum assured of 10000000 + 9500000 + 500000. PNB Met Life insurance is good overall. The premium is okay but as of until and unless it is used by my nominee. the benefits would be known. As of now the policy seems good. Tenure is for 34 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 07, 2018
    • PNB Metlife Life Insurance
      "Very good"
      0.5 5.0/5 "Blown Away!"
      6000 rs per year, 10 years. I have a life insurance policy from PNB MetLife. I am happy with the policy, the plan benefits and the policy coverage is satisfactory. The payment options are also auto debited from my account so it is not an hassle. Overall I am happy with the policy, my final premium would be somewhere around Rs. 6,000 per year for around 10 years.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Mar 05, 2018
    • PNB Metlife Life Insurance
      "Insufficient services"
      0.5 2.0/5 "Expected more"
      I have taken a life insurance policy from PNB Metlife. Only issue that I faced with this policy is that the add on beneficiary cannot be added. I called the customer service a couple of times but the issue cannot be resolved. Other than that policy is fine. My total premium is around Rs. 3,643 and sum assured to me is around Rs. 30,00,000.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 24, 2018
    • PNB Metlife Life Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a life insurance policy from Pnb Metlife. My total premium is around Rs. 10,000 and sum assured to me is around Rs. 80,00,000. It is for the period of 30 years, I am satisfied with the policy coverage, and they have given me good payment options as well.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 23, 2018
    • PNB Metlife Life Insurance
      "Very good"
      0.5 4.0/5 "Great!"
      I have a life insurance policy from Pnb Metlife.The policy is good, but I faced lot of trouble with their customer service in terms of receiving my hard copy and soft copy. They troubled me a lot. Their policy includes the sum assured Rs of around Rs. 60,00,000 for the tenure of 52 years and total premium is around Rs. 546.
      Was this review helpful? 0
      , warangal
      Reviewed on Feb 05, 2018
    • PNB Metlife Life Insurance
      "Looking for better service"
      0.5 4.0/5 "Great!"
      When I applied for the term insurance with PNB met life, I got an issue with the name, I told them to correct my name and ask them to resend the documents but they didn't revert back. They should provide proactive service to the customer. In term of policy benefits they are good, my premium amount was around Rs. 397 for the term of 30 years. I have taken sum assured value of Rs.50 lakhs for my family with tax benefits and financial security features for unseen events.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Feb 01, 2018
    • PNB Metlife Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a life insurance policy from Pnb metlife through online portal. The benefits are good on the policy and after the maturity I will be getting good sum assured. I paid my premium through cheque. Over all I am happy with the Policy coverage.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 30, 2018
    • PNB Metlife Life Insurance
      "Good features"
      0.5 4.0/5 "Great!"
      PNB Met life India insurance was quick in the process. I have taken a term insurance and I am happy with the features. The best feature is they have a add on where critical illness is covered and my premium is worth paying for the benefits. The sum assured is also to my satisfaction.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 02, 2018
    • PNB Metlife Life Insurance
      "Good policy to hold"
      0.5 4.0/5 "Great!"
      When I was doing a search for 1 crore sum assured term insurance policy I found this policy with PNB Met Life and I had chosen this after reading the terms and conditions of the policy. When the staff spoke with me from PNB Met Life they said that I have to pay Rs. 5300 as premium but they asked me to do a health check up in one of their registered medical center, after examining they confirmed that my sugar level is 129 so I need to pay Rs. 5800 as premium for this policy. But when I checked it later, Sugar level was normal and that was my only concern here. Besides that, I dont have any issues as it is a good policy also it provides coverage for both accidental and disability too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 02, 2018
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