PNB MetLife Saral Jeevan Bima Review

“I have opted for Term insurance plan of PNB MetLife. This is a type of plan that gives me a high life coverage and ensures that all my liabilities are covered. They are excessive on protection component. Thank you Policy bazaar.” – Ajay, Allahabad

Get ₹50 Lacs Life Cover at just ₹412/month⁺

Get upto 20% online discount^#

In case of your death, your family will receive fixed amount, tax free

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Get ₹50 Lacs Life Cover at just ₹412/month⁺

Get upto 20% online discount^#

In case of your death, your family will receive fixed amount, tax free

Covers COVID-19

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Ajay, who belonged from Allahabad, purchased the PNB MetLife Saral Jeevan Bima Plan to secure his family. PNB MetLife Saral Jeevan Bima plan is designed to protect Ajay’s family's future and keep them safe from financial difficulties, even when he is not there anymore.

Let’s understand the multiple features and benefits of PNB MetLife Saral Jeevan Bima Plan.

About PNB Metlife Insurance

PNB MetLife combines the financial strength of MetLife, Inc. with the credibility of PNB (Punjab National Bank), an Indian nationalized bank. With PNB's wide reach and MetLife's global insurance expertise, PNB MetLife is a trusted insurance company, serving customers in over 120 locations and through partnerships with PNB, JKB, and Karnataka Bank Limited at 7,000 locations.

PNB MetLife provides a broad range of protection plans, including term life insurance plans, through its 15,000+ financial advisors and various bank partners. Its corporate office is in Gurgaon, and its headquarters is located in Bangalore.

Let’s now understand the reasons for buying a PNB MetLife Saral Jeevan Bima Plan.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Why Should You Consider Buying PNB MetLife Saral Jeevan Bima Plan?

PNB MetLife Saral Jeevan Bima is a comprehensive term insurance plan that covers a person for a specific amount of time. If the policyholder/life assured unfortunately passes away during the policy term, the PNB MetLife Saral Jeevan Bima Plan will provide the death benefit in the form of lump sum to the nominees. This standard term plan is designed for all individuals irrespective of their occupation or education. Below are some reasons why you can consider buying the PNB MetLife Saral Jeevan Bima Plan:

This plan essentially offers the buyers the flexibility to choose the desired policy term from 5 years for up to 40 years.
The PNB MetLife Saral Jeevan Bima Plan also offers coverage for up to 70 years of age.
An individual also has the flexibility to choose from the various premium payment modes.
The policyholder can choose to pay the PNB MetLife Saral Jeevan Bima plan premium via single, regular or limited pay of 5/10 years.
This policy can be easily bought online from the Policybazaar’s website.
The PNB MetLife Saral Jeevan Bima Plan also allows tax benefits under the ITA, 1961.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

How To Buy PNB MetLife Saral Jeevan Bima Plan From Policybazaar?

You can buy the PNB MetLife Saral Jeevan Bima Plan online from the comfort of your home using the following steps:

Step 1: Go to the Policybazaar’s homepage and visit Saral Jeevan Bima
Step 2: Choose PNB MetLife Saral Jeevan Bima from the list of plan options available.
Step 3: Enter your name, contact information, gender, and date of birth
Step 4: Fill in your occupation type, annual income, educational background, and smoking habits
Step 5: Select the most suitable plan and proceed to pay

What is the Eligibility Criteria to Buy PNB MetLife Saral Jeevan Bima Plan?

Here is the eligibility criteria for buying the PNB MetLife Saral Jeevan Bima Plan:

Criteria	Minimum	Maximum
Entry Age	18 years	65 years
Maturity Age	23 years	70 years
Policy Term	5 years	40 years
Sum Assured	Rs. 5 Lakhs	Rs. 50 Lakhs
Payment Term	Single/ Regular Pay - Equal to Policy Term Limited Pay - 5 or 10 years
Premium Payment Option	Monthly, Half-yearly or Yearly

Wrapping It Up!

Ajay secured his loved ones financially upon buying the PNB MetLife Saral Jeevan Bima Plan. The plan provided him with a simple and effective way to secure his family's financial well-being, ensuring their stability and peace of mind. You can visit Policybazaar’s Saral Jeevan Bima page and buy the PNB MetLife Saral Jeevan Bima Plan without any hassle and keep your loved ones protected for the future.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

FAQs

Q: What is Saral Jeevan Bima policy?

Ans: Saral Jeevan Bima is a non-participating life insurance plan that provides a lump sum death benefit to the nominees if the life assured/policyholder unfortunately passes away during the policy term.
Q: What is the maximum maturity age available for PNB MetLife Saral Jeevan Bima?

Ans: The maximum maturity age for PNB MetLife Saral Jeevan Bima is 70 years.
Q: Is there a waiting period in the PNB MetLife Saral Jeevan Bima plan?

Ans: Yes, there is a waiting period of 45 days in the PNB MetLife Saral Jeevan Bima.
Q: What exclusions are available in the PNB MetLife Saral Jeevan Bima?

Ans: There is the exclusion of suicide within 12 months in the PNB MetLife Saral Jeevan Bima. If the policyholder commits suicide within 1 year of purchasing the PNB MetLife Saral Jeevan Bima, then he/she will be entitled to only 80% of the total premiums paid till death in case of Regular and Limited pay policies and 90% in case of Single pay policies.

˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.