Aviva Life
Signature 3D Term Plan
- 65 years Maximum entry age
- 99 years Maximum maturity age
- 99.07% Death claims settled (insurer)
Sample premium
₹11,371 a year*
PNB MetLife · 117N126V04
PNB MetLife Mera Term Plan Plus
PNB MetLife Mera Term Plan Plus (IRDAI UIN 117N126V04) is a term life insurance plan for people aged 18 to 60 at entry, with cover up to age 99.
Premiums depend on age, cover, city, health and the options you choose. Where the insurer published a premium, the figure shown is for the exact profile stated next to it; your premium will differ. Comparezi does not sell insurance or give advice: check the insurer's prospectus and policy wording, which prevail.
In short
PNB MetLife Mera Term Plan Plus is a term life insurance plan from PNB MetLife. Key specifications: maximum entry age 60 years, maximum maturity age 99 years, death claims settled (insurer) 99.57%. Among term life insurance here it fits best for cover to an older age and insurer's claim payout record.
Sample premium
₹10,400 a year*
*For: Healthy male life, age 30, basic sum assured Rs 1 crore, policy term 30 years, regular pay (premiums paid regularly for the policy term), annual mode, 'Life' benefit option without Return of Premiums, lump sum payout option. GST and/or applicable cesses charged extra (excluded). Smoker status not stated.. Your premium will differ.
- Maximum entry age
- 60 years
- Maximum maturity age
- 99 years
- Death claims settled (insurer)
- 99.57%
Pros
- Insurer paid 99.57% of individual death claims, higher than 81% of the 27 term life insurance plans on Comparezi that state it
- Return-of-premium option available
Who should buy it
- Best for Cover to an older age · What matters most? (pick any) #6 of 29 term life insurance for this
- Best for Insurer's claim payout record · What matters most? (pick any) #5 of 29 term life insurance for this
Full specifications
Eligibility
| Minimum entry age | 18 years |
|---|---|
| Maximum entry age | 60 years |
| Maximum maturity age | 99 years |
| Policy term | Minimum 10 years; maximum 99 - age at entry (Life, Life Plus), 75 - age at entry (Life plus Health), 40 years with Return of Premiums; Limited pay minimum policy term = PPT + |
| Minimum sum assured | ₹25,00,000 |
| Maximum sum assured | No limit, subject to Underwriting |
Plan
| Plan options | Life, Life Plus, Life plus Health |
|---|---|
| Premium payment | Single pay, Limited pay (5, 10, 15, 20, Pay till Age 60), Regular Pay; Yearly / |
| Return of premium option | Yes |
| Death benefit payout | Lump sum; Monthly Income (level monthly income for 10 years at 1.1022% of Sum Assured on Death); Lump sum plus Monthly Income |
| Riders | PNB MetLife Accidental Death Benefit Plus Rider Plus (117B020V04), PNB MetLife Serious Illness Rider (117B021V04), PNB MetLife Accidental Disability Benefit Rider (UIN: 117B022V03), PNB MetLife Critical Illness Rider (UIN: 117B023V03) |
| Terminal illness benefit | Yes |
| Waiver of premium | Life Plus and Life plus Health: all future premiums waived on Accidental Total Permanent Disability or diagnosis of any one of 50 listed Critical Illnesses (not applicable to Single Premium) |
Premium
| Sample annual premium | ₹10,400 |
|---|---|
| Sample premium is for | Healthy male life, age 30, basic sum assured Rs 1 crore, policy term 30 years, regular pay (premiums paid regularly for the policy term), annual mode, 'Life' benefit option without Return of Premiums, lump sum payout option. GST and/ |
Insurer
| Death claims settled (insurer) | 99.57% |
|---|---|
| Claims figures for | FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15) |
| IRDAI UIN | 117N126V04 |
About the Mera Term Plan Plus
PNB MetLife Mera Term Plan Plus (IRDAI UIN 117N126V04) is a term life insurance plan for people aged 18 to 60 at entry, with cover up to age 99. It is one of 29 term life insurance plans on Comparezi, from PNB MetLife.
Information only. Comparezi does not sell insurance, does not give advice and is not paid by insurers. The policy wording issued by the insurer prevails over this summary.
Eligibility and cover
- Entry age: 18 to 60 years
- Maximum maturity age: 99 years
- Policy term: Minimum 10 years; maximum 99 - age at entry (Life, Life Plus), 75 - age at entry (Life plus Health), 40 years with Return of Premiums; Limited pay minimum policy term = PPT + 5 years
- Minimum sum assured: ₹25,00,000
- Maximum sum assured: No limit, subject to Underwriting
Plan options
- Options: Life, Life Plus, Life plus Health
- Premium payment: Single pay, Limited pay (5, 10, 15, 20, Pay till Age 60), Regular Pay; Yearly / Half Yearly / Quarterly / Monthly
- Return of premium: Covered
- Death benefit payout: Lump sum; Monthly Income (level monthly income for 10 years at 1.1022% of Sum Assured on Death); Lump sum plus Monthly Income
- Riders: PNB MetLife Accidental Death Benefit Plus Rider Plus (117B020V04), PNB MetLife Serious Illness Rider (117B021V04), PNB MetLife Accidental Disability Benefit Rider (UIN: 117B022V03), PNB MetLife Critical Illness Rider (UIN: 117B023V03)
- Terminal illness benefit: Covered
- Waiver of premium: Life Plus and Life plus Health: all future premiums waived on Accidental Total Permanent Disability or diagnosis of any one of 50 listed Critical Illnesses (not applicable to Single Premium)
How it compares on Comparezi
Of the 27 term life insurance plans on Comparezi with a stated maximum maturity age, 5 have a longer one and 5 have the same.
Premium
It depends on your age, cover, city and options. PNB MetLife's own published premium table gives ₹10,400 a year for this profile: Healthy male life, age 30, basic sum assured Rs 1 crore, policy term 30 years, regular pay (premiums paid regularly for the policy term), annual mode, 'Life' benefit option without Return of Premiums, lump sum payout option. GST and/or applicable cesses charged extra (excluded). Smoker status not stated. Your premium will differ; get a quote from the insurer.
About the insurer
PNB MetLife paid 99.57% of individual death claims in FY 2024-25 (by number of claims, computed from IRDAI's published claim counts).
Similar plans from other insurers
- Aviva Life Signature 3D Term Plan (PNB MetLife Mera Term Plan Plus vs Aviva Life Signature 3D Term Plan)
- Bajaj Life eTouch II (PNB MetLife Mera Term Plan Plus vs Bajaj Life eTouch II)
- Bharti AXA Life Flexi Term Pro (PNB MetLife Mera Term Plan Plus vs Bharti AXA Life Flexi Term Pro)
- Canara HSBC Life iSelect Smart360 Term Plan (PNB MetLife Mera Term Plan Plus vs Canara HSBC Life iSelect Smart360 Term Plan)
Sources
- Brochure (newsite.pnbmetlife.com)
- Insurer page (pnbmetlife.com)
- Brochure (pnbmetlife.com)
- IRDAI publication (irdai.gov.in)
Checked 6 November 2026. Values the documents do not state are left out rather than estimated. See how Comparezi checks data.
Alternatives
Alternatives to the Mera Term Plan Plus
Bajaj Life
eTouch II
- 65 years Maximum entry age
- 99 years Maximum maturity age
- 99.29% Death claims settled (insurer)
Sample premium
₹24,359 a year*
Bharti AXA Life
Flexi Term Pro
- 65 years Maximum entry age
- 99 years Maximum maturity age
- 99.18% Death claims settled (insurer)
Sample premium
₹11,300 a year*
Canara HSBC Life
iSelect Smart360 Term Plan
- 65 years Maximum entry age
- 99 years Maximum maturity age
- 99.43% Death claims settled (insurer)
Sample premium
₹13,296 a year*
Head to head
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Questions
Mera Term Plan Plus FAQs
It depends on your age, cover, city and options. PNB MetLife's own published premium table gives ₹10,400 a year for this profile: Healthy male life, age 30, basic sum assured Rs 1 crore, policy term 30 years, regular pay (premiums paid regularly for the policy term), annual mode, 'Life' benefit option without Return of Premiums, lump sum payout option. GST and/or applicable cesses charged extra (excluded). Smoker status not stated. Your premium will differ; get a quote from the insurer.
117N126V04. The UIN identifies the exact product version filed with IRDAI; check it on your policy documents.
From 18 years to 60 years; limits can differ by plan option.
Up to age 99 at most; the limit can differ by plan option.
Yes, as an option or variant; the base cover pays only on death.
99.57% of individual death claims were paid in FY 2024-25, by number of claims, computed from IRDAI's published claim counts. It is an insurer-wide figure, not one for this plan.
PNB MetLife Accidental Death Benefit Plus Rider Plus (117B020V04), PNB MetLife Serious Illness Rider (117B021V04), PNB MetLife Accidental Disability Benefit Rider (UIN: 117B022V03), PNB MetLife Critical Illness Rider (UIN: 117B023V03).
Data sources
- Manufacturer official pages
Last updated
Product details
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