PNB MetLife India Insurance

About PNB MetLife India Insurance

PNB MetLife India Insurance is a leading private life insurance company in India. It is a joint venture between Punjab National Bank (PNB), MetLife International Holdings LLC, and other Indian partners.

Founded in 2001, PNB MetLife offers a wide range of life insurance solutions, including term insurance, savings and income plans, ULIPs, retirement solutions, and child plans. The company combines the trust of a major Indian public sector bank with global insurance expertise.

Popular Plans of PNB MetLife India Insurance

The following are some of the most popular PNB MetLife India Insurance plans in India in 2026:

Benefits of Choosing PNB MetLife India Insurance

Listed below are the benefits of choosing PNB MetLife India Insurance plans -

• Strong Promoter Backing: Supported by PNB and global insurer MetLife

• Wide Product Portfolio: Protection, savings, ULIP, retirement & child plans

• Reliable Claim Performance: Consistent and policyholder-friendly process

• Flexible Plan Options: Multiple premium modes, payout options & riders

• Digital Convenience: Online purchase, premium payment & policy servicing

• Customer-Centric Approach: Simple products with transparent terms

Tax Benefits of PNB MetLife India Insurance

PNB MetLife India Insurance policies offer tax benefits under Indian tax laws:

• Section 80C: Premiums paid are eligible for deduction up to ₹1.5 lakh per year

• Section 10(10D): Death and maturity benefits are generally tax-free, subject to conditions

• ULIP Tax Efficiency: Long-term investment with potential tax-efficient returns

Tax benefits depend on policy type and prevailing Income Tax rules.

How to File a Claim - Detailed Step-by-Step Guide

Filing a claim with PNB MetLife India Insurance is structured and transparent.

Step 1: Identify the Claim Type

• Death Claim

• Maturity Claim

• Survival / Money-Back Claim

• Rider Claim (accidental death, disability, critical illness)

Step 2: Intimate PNB MetLife India Insurance

Inform the insurer as soon as possible through:

• Nearest PNB MetLife branch

• Insurance advisor/agent

• Official website (online claim intimation)

• Customer care helpline

Early intimation helps faster processing, especially for death claims.

Step 3: Collect Required Documents

For Death Claim

• Original policy document

• Claim form (duly filled and signed)

• Death certificate

• Nominee’s ID & address proof

• Bank account details

• Medical records (if applicable)

• FIR & post-mortem report (for accidental death)

For Maturity / Survival Claim

• Original policy document

• Discharge form (sent before maturity)

• Photo ID proof

• Bank account details

Step 4: Submit the Claim

• Submit documents at the servicing branch or via agent

• Upload documents on the official portal for online claims

• Take an acknowledgement/reference number

Step 5: Claim Verification

PNB MetLife verifies:

• Policy status and premium history

• Nominee and KYC details

• Medical or incident-related information

Claims filed within the first 2–3 years may undergo additional checks.

Step 6: Respond to Queries (If Any)

If additional documents or clarifications are requested, respond promptly to avoid delays.

Step 7: Claim Settlement

• Approved claims are credited directly to the nominee’s bank account

• Settlement timeline: Usually within 30 days after all documents are received

Common Claim Processing Challenges

• Missing documents
• Incorrect nominee details
• Unclear medical history
• Policy lapsed due to non-payment of premium

Always check policy status before filing a claim.

Important Tips to Avoid Claim Rejection

• Ensure nominee details are updated
• Keep policy documents safe
• Disclose the correct medical history while buying the policy
• Ensure bank details are accurate

Eligibility Criteria

To buy a PNB MetLife India Insurance, you must generally meet the following:

• Minimum age for most plans: 18 years
• Maximum age: Varies by product
• Health and underwriting requirements: Depending on the sum assured and the plan
• Valid KYC documents: Required for policy purchase

Documents Required

To apply for PNB MetLife India Insurance:

• Proof of Identity: Aadhaar, PAN, Passport, Voter ID, etc.
• Address Proof: Aadhaar, Driving License, Utility bill, etc.
• Age Proof: Birth certificate, school leaving certificate, passport.
• Income/Bank Proof: Salary slips, bank statements (if applicable).
• Medical Reports: If required, based on age/cover amount.

Document requirements differ by plan and sum assured.

Awards and Achievements PNB MetLife India Insurance

The following are the awards and achievements of PNB MetLife India Insurance:

• Recognised among India’s leading private life insurers

• Known for customer trust and consistent claim servicing

• Awarded for digital innovation and policyholder experience

More Details About PNB MetLife India Insurance

If you are interested in learning more about PNB MetLife India Insurance, then the following are the details about PNB MetLife India Insurance: