PNB Metlife India Insurance Company Ltd is one of the leading life insurance providers in India. The company has been part of the Indian market for more than a decade and has gained recognition for its customer-centric policies and innovative products.
PNB Metlife India offers various insurance policies such as term insurance, savings plans, child plans, retirement plans, and health insurance plans.
Bajaj Finance provides a holistic Bharat Connect platform through Bajaj Pay to the customers of PNB Metlife India Insurance to make their insurance premium payment or renew their insurance policies seamlessly.
How to pay PNB MetLife insurance premiums online through Bajaj Finance
You can pay your PNB MetLife insurance premium on the Bajaj Finance website or app through Bajaj Pay in a few steps.
On the Bajaj Finance website
- Visit the Bajaj Finance website
- Go to the ‘BILLS AND RECHARGES’ section
- Select ‘Insurance’
- Select ‘PNB MetLife India Insurance Company Limited’ as your insurance provider
- Enter your policy number and other required details, and click on ‘FETCH YOUR BILL’
- Once your premium amount appears, click on ‘PROCEED TO PAY’
- Pay using your credit card, debit card, net banking, e-wallet or UPI ID and complete the payment
- You will receive a notification from Bajaj Finance after successful payment
On the Bajaj Finance app
- Download the Bajaj Finance app from the Google Play Store or App Store and install it on your device
- Open the app, log in, or register if you are a new user
- Go to the ‘BILLS AND RECHARGES’ section and click on ‘Insurance’
- Select ‘PNB MetLife India Insurance Company Limited’ as your insurance provider
- Enter your policy number and other required details, and click on ‘FETCH YOUR BILL’
- Once your premium amount appears, click on ‘PROCEED TO PAY’
- Pay using your credit card, debit card, net banking, e-wallet or UPI ID and complete the payment
- You will receive a notification from Bajaj Finance after successful payment
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What is the monthly premium for PNB MetLife term insurance?
The monthly premium for PNB MetLife term insurance depends on your age, sum assured, policy term, health and the plan variant you choose. PNB MetLife’s own illustrations for a 30-year-old with Rs. 1 crore cover show the range:
Plan and option Annual premium Monthly premium Mera Term Plan Plus, Life option, 30-year term Rs. 10,400 About Rs. 921 Mera Term Plan Plus, Life option with Return of Premiums Rs. 23,200 About Rs. 2,056 Mera Term Plan Plus, Life Plus Health with spouse cover, 40-year term Rs. 30,058 About Rs. 2,663 DigiProtect Term Plan, non-smoker Rs. 10,050 Not stated Premiums exclude taxes. For an exact quote, use the premium calculator on the website of PNB MetLife India Insurance Company Ltd.
PNB MetLife Mera Term Plan Plus vs DigiProtect Term Plan: key differences
PNB MetLife Mera Term Plan Plus offers wider cover options, such as return of premiums, spouse cover and critical illness benefits, while DigiProtect Term Plan is designed for salaried individuals buying online.
Parameter Mera Term Plan Plus DigiProtect Term Plan Entry age 18 to 60 years 18 to 60 years Maximum maturity age 99 years (75 for some options) 85 years How to buy Not stated Digital platform with Policybazaar Sample premium (age 30, Rs. 1 crore) Rs. 10,400 a year Rs. 10,050 a year Death benefit payout Lump sum, monthly income or both Lump sum, monthly instalments or both Riders 4 riders Available Minimum sum assured Rs. 25 lakh Rs. 50 lakh Whichever PNB MetLife insurance plan you choose, you can pay its premium through Bajaj Pay on Bajaj Finance.
Why pay PNB MetLife insurance premium on Bajaj Finance?
Paying your PNB MetLife insurance plan premium on Bajaj Finance through Bajaj Pay Bharat Connect gives you 5 payment modes, real-time payment confirmation and centralised dispute resolution.
Benefit What it means Key number Multiple payment modes Pay through Bajaj Pay using UPI, net banking, debit card, credit card or e-wallet 5 modes Real-time confirmation Bharat Connect confirms your payment in real time, and Bajaj Finance notifies you once it succeeds Real time Bharat Connect payments to PNB MetLife India Insurance Company Ltd Your premium is processed through Bharat Connect, the bill payment system conceptualised by RBI and run by NPCI Bharat BillPay Limited RBI-conceptualised Pay anytime, anywhere Pay online without visiting a branch, with Bajaj Finance support on call IVR: 7757000000 Check other life insurance premiums
The Bajaj Finance Bharat Connect platform facilitates premium payment services for multiple providers. Here is the list:
Recharge and Pay Bills
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Frequently asked questions
To pay your PNB MetLife premium by cheque, visit any PNB MetLife branch or authorized collection center. Ensure the cheque is drawn in favor of "PNB MetLife India Insurance Co. Ltd." and mention your policy number, contact details, and payment amount on the back of the cheque.
Yes, PNB MetLife provides health insurance products. They offer a range of life and health insurance plans to cater to different needs. You can explore their offerings on the PNB MetLife website.
To check your MetLife balance, log in to your account on the MetLife customer portal using your username and password. You can also contact customer care for assistance with balance inquiries.
PNB MetLife offers various insurance plans, including term plans, savings plans, child education plans, retirement plans, and health insurance plans. You can explore their offerings on the PNB MetLife website.
To repay your PNB MetLife insurance loan, visit the nearest PNB MetLife branch or authorized collection center. You can also contact customer care for assistance with the repayment process.
PNB MetLife reports an individual claim settlement ratio of 99.81% for FY2025-26, up from 99.57% in FY2024-25 and 99.06% in FY2023-24. The ratio shows the share of claims settled against the total claims received during the financial year. You can pay the premium for your PNB MetLife insurance plan through Bajaj Pay on Bajaj Finance.
The right PNB MetLife plan for your child’s education depends on whether you want guaranteed returns or market-linked growth. PNB MetLife lists 11 plans under its child education range, including non-linked plans such as the Guaranteed Future Plan and Guaranteed Goal Plan, and unit-linked plans such as Goal Ensuring Multiplier and Smart Platinum Plus. Compare each plan’s brochure before you choose.
PNB MetLife gives a grace period of 30 days for yearly, half-yearly and quarterly premiums, and 15 days for monthly premiums. During this period, your policy stays in force with uninterrupted risk cover, and no penalty or late fee applies. Pay before the grace period ends through Bajaj Pay on Bajaj Finance to keep your cover active.
You can pay your PNB MetLife insurance premium on Bajaj Finance in a few steps whenever it is due. Go to ‘BILLS AND RECHARGES’, select ‘Insurance’, choose PNB MetLife and enter your policy number to pay through Bajaj Pay. For monthly premiums on plans such as Mera Term Plan Plus, PNB MetLife also offers payment through standing instruction or direct debit.
