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PNB MetLife Mera Heart & Cancer Care Plan

What is the Plan all About?

PNB Metlife Mera Heart and Cancer care plan offers financial protection against two critical illnesses which are cancer ,heart disease or both. The plan offers comprehensive cover against all stages of cancer and heart diseases. It is a custom made plan which offers flexibility to choose the plan features as per your need and requirement along with a bundle of other benefits.

The plan Offers 2 Plan Variants:

  • Gold
  • Platinum

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What are the Key Features?

  • Elasticity to cover yourself against Cancer, Heart or both diseases
  • Lump sum payouts at Mild, Moderate and Severe stages of illness
  • Inbuilt Life Cover and Terminal Illness cover, from day 1
  • Waiver of future premiums on ­ 1st diagnosis of Mild or Moderate conditions for next 5 policy
  • Return of balance premium option available
  • Flexibility to choose the policy term as 10, 15 or 20 years
  • Specific female related cancers covered, at special rates
  • Optional monthly income benefits in case of severe stage claim (Platinum Plan)
  • Avail tax benefits as per prevailing tax laws

What are the Plan Benefits?

Lump sum Benefit

    The lump sum payout is made to the insured as per the stage of illness diagnosed.

    • 25% of Sum insuredis payable at mild stage,
    • 50%of Sum insuredis payable at moderate stage
    • 100% of Sum insuredis payable at the severe stage of illness.


    The benefits payable at each stage will be less any claims paid in the earlier stages.The payout pattern is similar for both plan variants gold & platinum.

Premium Waiver Benefit

    For a premium paying policy, claim payable under Mild or Moderate stage diagnosed illness allows a premium waiver for the next 5 policy years. This benefit will only be available on the first instance of a valid Mild or Moderate claim.

Maturity Benefit

    Maturity benefit is payable at the end of the chosen policy term,if the policyholder chooses “the Return of Balance Premium option”. The benefit is the sum of all premiums, less critical illness claims already paid. No maturity benefit will be paid if the policyholder has not opted for “return of balance premium option”.

Death/Terminal Illness Benefit

    The death benefit is payable on the earlier occurrence of either Death or diagnosis of Terminal Illness. Death benefit payout will be the sum insured on death less any critical illness claims paid earlier dug the policy term.

Monthly Income Benefit

    This benefit is available with platinum plan variant only.Under this benefit, an additional monthly income benefit of 1.5% of the sum insured is paid, on severe stage claim for a fixed period of five years, from the date of claim.The monthly income benefit is in addition to all the benefits described under the plan.

Surrender Benefit

    After paying regular premiums for at least three full years from the date of commencement of the policy, Surrender Value, which is higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV), shall be payable, less any critical illness claims paid, if any.The GSV and SSV rates are expressed as a percentage of total premiums paid under the Policy.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 18 Years 65 Years
Age at Maturity 28 Years 75 Years
Policy Tenure 10/15 Years 20 Years
Premium Paying Term Equal To Policy Term -
Premium Paying Mode Monthly,Semi Annually & Annually -
Sum Assured Gold Variant :Rs 5 Lakh Platinum Variant: Rs 10 Lakh Gold Variant : Rs 40 Lakh Platinum Variant:Rs 80 Lakh
Grace Period 30 Days -
Plan Type Online/Offline -

Is any Rider Available?

“The Return of Balance Premium option” can be opted as an add-on benefit with both plan benefits.

How the Plan Works?

PNB MetLife Mera Heart & Cancer Care Plan

Is the Plan, eligible for Tax Benefit?

Tax benefits under this plan are available as per the provisions and conditions of the Income Tax Act, 1961 and are subject to any changes made in the tax laws in future.