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    PNB MetLife Group Flexi Term Plus

    Group Non-Linked, Non-Participating, Pure Risk, Life Insurance Plan | UIN: 117N127V01

    PNB MetLife Group Flexi Term Plus is a comprehensive group insurance policy that offers coverage against Death, Accidental Death, Disability, Critical Illness, and Terminal Illness to the insured members and protects their families from the burden of financial liabilities. This product is suitable for employer-employee groups, non employer-employee groups, and non-employer-employee homogenous groups as it helps meet the organization’s aims of providing protection to their customers, employees, and group members. PNB MetLife Group Flexi Term Plus is a flexible product that can be customised by the organization to meet the specific requirements of the group.

    PNB MetLife Group Flexi Term Plus in a nutshell
    • Multiple Coverage Options
    • Joint Life Cover
    • Flexibility to choose your cover term
    • Flexibility to choose your Benefit Payout

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    What you get

    PNB MetLife Group Flexi Term Plus provides:
    • Single Life and Joint Life Coverage
    • Multiple Coverage Options to choose from
    • Flexibility to choose cover term ranging from minimum 1 month to 40 years
    • Flexibility to select Benefit Payout Options like Lumpsum, Monthly Income, Lumpsum Plus Monthly Income.
    • Choice of Level or Increasing/Decreasing Cover

    What you don't get

    Frequently Asked Questions

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    What are the coverage options offered under PNB MetLife Group Flexi Term Plus?

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    PNB MetLife Group Flexi Term Plus offers a choice of 5 coverage options. Refer to the below table for an overview:

    Plan Option Death Benefit Accidental Death Benefit Accidental Total & Permanent Disability Critical Illness Benefit Terminal Illness Benefit
    Life Cover X X X X
    Extra Life Cover X X X
    Life and Health Cover X X
    Extra Life and Health Cover X X
    Accidental Cover X X

    What is the Sum Assured offered for this plan?

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    Sum Assured is equal to one of the following:

    • Level Cover: Absolute amount is chosen at the inception of the cover
    • Increasing/Decreasing Cover: Absolute amount assured as on the date of the insured event where the change of assured amount based on increment/decrement rate is pre-decided at the inception of coverage

    The Benefits available to the group members are as per the plan chosen by the Master Policyholder The Plan Option needs to be chosen at the inception of the policy

    What is the Joint Life Coverage option?

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    Joint Life Cover may be taken at inception of the cover for a maximum of two lives only. Cover will be extended subject to existence of insurable interest between the two lives and subject to underwriting as per Board approved underwriting guidelines. Joint Life Cover has the following two variants:

    Option A - The relationship between joint lives can be only that of spouse
    Option B - Maximum of 2 lives can be covered jointly and the relationship between joint lives can only be that of spouse, parents or children.

    Joint Life Cover should be taken at the inception of the cover for a maximum of 2 lives.
    Option A- Available only for non-employer-employee groups & non-employer-employee homogenous groups
    Option B- Available for all groups

    What are the Benefit Payout Options?

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    Flexible payout options are offered as below:

    Lumpsum - Benefit payable as lumpsum
    Monthly Income - Benefit payable as level monthly income for 24-120 months (2-10 years)
    Lumpsum Plus Monthly Income - 50 % of the benefit payable in lumpsum and the rest 24-120 months (2-10 years) in equal monthly installments

    Benefit Payout Option needs to be chosen at the inception of the cover and cannot be changed later.

    Who is eligible to purchase this plan?

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    Kindly refer to the below table for the detailed eligibility criteria for this plan:

    Parameter Details
    Entry Age1
    • Life Cover: Min-Max: 15-79 (Employer-Employee groups)
    • Min-Max: 15-65 (Other groups)
    • Other Cover Options: Min-Max:18-65
    Cover Ceasing Age1
    • Life Cover: 80 (Employer-Employee groups)
    • 66 (Other groups)
    • Extra Life Cover: 75 (Employer-Employee groups)
    • 66 (Other groups)
    • Other Cover Options: 70 (Employer-Employee groups)
    • 66 (Other groups)
    Premium Payment Term A choice of Premium Paying Term is available to the Master Policy Holder depending on the Nature of the Groups
    PPT Employer Employee Groups Non-Employer Employee Groups Non-Employer Employee Homogenous Groups
    Single Yes No Yes
    Regular Yes Yes Yes
    Policy/Coverage Term
    • Single Pay: 1 Month to 40 Years
    • Regular Pay: 3 Month to 40 Years

      (Min.Policy term for "Life and Health Cover" and "Extra Life and Health Cover " would be 6 months for Single Pay as well as Regular Pay)

    Premium Payment Mode Single, Monthly, Quarterly, Half Yearly & Yearly

    1 All ages are as of last birthday

    Please refer to Product Applicability Grid in Sales Brochure to check for the restrictions

    Please fill out personal information

    Thank you for your interest in PNB MetLife Solutions, the brochure has been sent to your email ID.





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    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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