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PNB MetLife (PNB MetLife India Insurance Company Limited) is a private life insurance company in India.
PNB MetLife is a life insurer that combines the financial strength of MetLife, Inc. with the credibility of Punjab National Bank. It reported a 99.81% individual claim settlement ratio in FY 2025-26 and offers term plans including the online DigiProtect Term Plan, Mera Term Plan Plus and the whole-life Aajeevan Suraksha.
4 plans available — compare coverage, premium, and key features.
Digital term plan with a 12-month Premium Break after 3 years, an accelerated death benefit of ₹3 lakh within 1 working day of claim registration (after a 3-year wait), and first-year discounts of up to 12% for online purchases.
Key Features
Step-by-step claim process for PNB MetLife.
Call 1800-425-6969 (India only, Mon–Sat, 10 am–7 pm), email claimshelpdesk@pnbmetlife.com, use the khUshi app or the Claims section on pnbmetlife.com, or visit a PNB MetLife office or partner bank branch. Nominee should intimate as soon as possible.
Submit the signed claim form with the death certificate, nominee photo ID and address proof, and a cancelled cheque or bank passbook copy. Extra documents such as medical records or an FIR may be needed depending on the cause of death.
PNB MetLife decides claims within 30 days of receiving all required documents when no investigation is needed; investigation cases can take up to 90 days. Eligible claims up to ₹50 lakh (policy active 3+ years, no investigation) can get a decision under Claims Assure – 3 Hours.
Approved claim amount is paid by NEFT to the nominee bank account, so keep a cancelled cheque or passbook copy showing the account number and IFSC ready.
PNB MetLife pairs a 99.81% individual claim settlement ratio (FY 2025-26) with fast claim handling: 99.98% of claims were settled within 30 days of receiving all required documents. DigiProtect suits buyers who want a fully online plan, while Mera Term Plan Plus and Aajeevan Suraksha add customizable and whole-life options.
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DigiProtect offers first-year premium discounts of 5% for salaried customers, 4% for income tax filers and 12% for online purchases. Discounts and terms can change, so check the official plan page before buying.
PNB MetLife reported an individual claim settlement ratio of 99.81% for FY 2025-26 (group: 99.70%), based on its annual audited figures reported to IRDAI.
Mera Term Plan Plus lets you pay premiums once, throughout the policy term, for a limited period of 5, 10, 15 or 20 years, or until age 60, while cover continues for the full policy term.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official PNB MetLife website before purchasing.
Choose Life, Life Plus or Life Plus Health; customize payouts, add spouse cover, opt for return of premium or enhance cover at key life stages.
Key Features
Whole-life cover up to age 99 or fixed-term cover up to 40 years, with spouse cover and return of premium available on fixed-term cover.
Key Features
IRDAI standard plan: in the first 45 days only accidental death is covered; other deaths get a refund of premiums paid.
Key Features
Yes. PNB MetLife DigiProtect is an online term plan with digital issuance, so you can buy it on pnbmetlife.com without visiting a branch.
Yes, as an optional rider. PNB MetLife offers optional critical illness and disability riders with DigiProtect, and Mera Term Plan Plus also offers a critical illness rider. The illnesses covered and terms vary by rider, so check the sales brochure.