Buy PNB MetLife Saral Jeevan Bima and Protect your Family

What would you like to do first?

PNB MetLife Saral Jeevan Bima is a standard term plan as per guidelines of Insurance Regulatory & Development Authority of India (IRDAI). The plan aims to simplify the approach to buying term life insurance with same offerings and same policy terms & conditions across all the insurers. What really differs is the levels of service and customer experience when you buy the plan and ease of interactions after you have bought it.

PNB MetLife Saral Jeevan Bima in a nutshell

Protection for your family
Choice of Policy Term
Choice of Premium Payment Term Options

Get a Callback

* Full Name

* Select City

* Mobile Number

Get OTP

* Enter 4 Digit OTP

OTP sent successfully

By submitting your details, you agree to PNB MetLife's Privacy Policy and authorize PNB MetLife and/or its authorized service providers to verify the above information and/or contact you to assist you with the policy purchase and/or servicing. The approval / authorization provided by you herein will supersede all earlier authorizations / approvals / disapprovals / registrations made by you in this regard.

Submit

Thank you for getting in touch with us. We will contact you shortly.

What you get

Sum Assured

This plan offers life protection to you & your family for sum assured ranging from Rs.5 Lakhs to Rs.50 Lakhs.

Choice of Policy Term

With this plan, you can choose to stay protected for a fixed term ranging from 5 years to 40 years

Choice of Premium Payment Option

With this plan you can choose to pay for a limited period, one time or throughout the policy term.

What you don't get

Maturity Benefit

With this plan, no benefit is payable on survival till the end of the policy term.

Surrender Benefit

Surrender Benefit not applicable under this plan

Loan

There is no policy loan available in this plan

Death by Suicide

We do not cover demise by suicide if it has taken place over 12 months since the commencement of the policy. However, if the life assured has passed away due to suicide within 12 months of date of policy commencement, the nominee is entitled to at least 80% of Total premiums paid.

Frequently Asked Questions

Expand All Collapse All

What is PNB MetLife Saral Jeevan Bima?

Presenting PNB MetLife Saral Jeevan Bima Plan – an individual, non-linked, non-participating, pure risk premium life insurance product is a standard term plan as per guidelines of Insurance Regulatory & Development Authority of India (IRDAI) which offers you complete peace of mind protects you and your family in case of any unforeseen events.

What are the Key Benefits of this plan?

Family Protection - Protect your family from any financial loses that may arise in your absence.
Choice of Policy Term - Choose to stay protected for a fixed term ranging from 5 years to 40 years
Choice of Premium Payment Option - Choose to pay for a limited period, one time or throughout the policy term.

What are the Death Benefits of this plan?

During the Waiting Period

a) In case of Accidental Death, for regular premium or limited premium payment policy, equal to Sum Assured on Death which is the highest of:

10 times the Annualized Premium, or
105% of all premiums paid as on the date of death, or
Absolute amount assured to be paid on death.

b) In case of Accidental Death, for single premium policy, equal to Sum Assured on Death which is the higher of:

125% of Single premium or
Absolute amount assured to be paid on death.

c) In case of death due to other than accident, the Death Benefit is equal to 100% of all Premiums paid excluding taxes, if any.

Post completion of the waiting period and any time before the maturity date

a) For Regular premium or Limited premium payment policy, “Sum Assured on Death” which is the highest of:

10 times of annualized premium; or
105% of all the premiums paid as on the date of death; or
Absolute amount assured to be paid on death.

b) For Single premium policy, “Sum Assured on Death” which is the higher of:

125% of Single Premium or
Absolute amount assured to be paid on death.

Note: For policies with non-annual premium paying modes, the balance of the premium for that policy year will be deducted from the Sum Assured on Death.

What are the Maturity Benefits of this plan?

There is no Benefit payable on survival till the end of policy term.

What are the eligibility criteria for this plan?

Parameter	Minimum		Maximum
Age at entry¹ (yrs)	18		65
Age at Maturity (yrs)	23		70
Sum Assured (Rs.)	5,00,000		50,00,000
Premium Paying Term (yrs)	Single pay, Limited pay (5 Pay, 10 Pay) Regular Pay
Policy Term (yrs)	Single Pay/Regular Pay	5 years	40
	Limited 5 Pay	6 years
	Limited 10 Pay	11 years
Premium Payment modes	Yearly / Half Yearly / Monthly²

¹All references to Age are as on age last birthday
²Monthly mode is available only under ECS/NACH

How can I buy PNB MetLife Saral Jeevan Bima?

Disclaimer:

PNB MetLife Saral Jeevan Bima (UIN: 117N128V04) is an Individual, Non-linked, Non-participating, pure risk premium life insurance product. Benefit option, chosen at inception, cannot be altered during the term. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.

AD-F/2024-25/574