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PNB Metlife Premium Calculator
PNB Metlife Life Insurance Premium Calculator is a freely available online tool that helps you compare various life insurance plans and choose the best for you and your family. To calculate your life insurance premium you have to enter basic details such as the policyholder’s age, gender, medical history, lifestyle habits, etc.
Your financial requirements and lifestyle are different from others. The life insurance plan ideal for you might not be useful for others. This tool offers personalized results as per the information provided so that you can make a wise decision.
How Does PNB Metlife Life Insurance Work?
Let’s understand how the PNB Metlife Premium Calculator works with a simple illustration.
Mr Raghubir is a 26-year-old nonsmoker who is working as a Software Developer in an IT company. He wants to buy life insurance of Rs 50 lakh coverage with coverage till 55 years to secure the future of his loved ones financially. By entering these details in the PNB Metlife Life Insurance Calculator you will get the premium on a monthly and yearly basis.
| Frequency | Total Premium Including Taxes |
| Monthly | Rs 2,760 |
| Yearly | Rs 31,152 |
How to use the PNB Metlife Insurance Premium Calculator?
For the common man, using the PNB Metlife Life Insurance Calculator is very easy. To use the calculator you have to follow the below-mentioned steps:
- Visit the official website of PNB Metlife.
- Hover over the ‘Buy Insurance’ on top of the page.
- You will get a list of options.
- Choose ‘Tools and Calculators’ and click on ‘Term Plan Calculator’.
- A new interface will appear on your screen.
- You have to enter basic details in the PNB Metlife Premium Calculator and you will get your premium monthly and yearly.
The basic details you have to enter in the PNB Metlife Premium Calculator include:
- Policyholder’s age
- Gender
- Education qualification
- Profession
- Smoking habits
- Policy tenure
- Sum assured
The premiums displayed by the PNB Metlife Life Insurance Premium Calculator are inclusive of 18% GST.
Benefits of Using the PNB Metlife Premium Calculator
Free tool
PNB Metlife Life Insurance Calculator is a free online tool that helps you calculate your life insurance premium and compare different life insurance plans. Anyone can use this tool to calculate their life insurance premium.Offers easy comparison
This calculator offers an easy comparison of various plans based on various parameters such as sum assured, policy tenure, premium payment term, etc. It helps them choose the right plan as per their requirements.Attractive discounts
You can buy life insurance from PNB Metlife after calculating the premium from the calculator. Buying a policy online is recommended as insurance companies provide attractive discounts to people buying life insurance online.Saves time and avoids manual calculations
Using the PNB MetlifePremium Calculator helps you save a lot of time and avoid manual calculations. You have to just input a few basic details and the calculator will show you the personalized premiums within seconds.Helps to plan your budget
If you know your life insurance premium in advance then you can manage your budget. It helps you make other financial decisions wisely.
Factors Affecting PNB Metlife Life Insurance Premium
Policyholder’s Age
The age of the policyholder affects their life insurance premium. The insurance premium increases with an increase in age. That’s why it is better to have a life insurance policy at a young age.Profession
If you are involved in risky occupations such as skydiving, metal factory, underground activities, etc then the insurance company may charge you a high premium amount.Lifestyle choices
If an individual smokes or takes alcohol then the insurance company charges you a high premium as you are more prone to cancer, heart disease, lung disease, etc.Policy tenure
The policy tenure affects your premium amount. Policy having short tenure has less premium while long term policies have a high premium. This happens because the risk of the insurer increases with an increase in duration.Choice of riders
If you choose additional riders such as Accidental Death Benefit Rider, Critical Illness Rider, or Income Benefit Rider the cost of your premium increases. These riders provide extra protection to policyholders but come at an additional cost.
Conclusion
PNB Metlife Premium Calculator is a free online calculator that helps you calculate your life insurance premium and compare different personalized plans. It provides the premium based on various factors like age, gender, sum assured, tenure, etc. You can buy life insurance online at your convenience after calculating the premium.
