PNB MetLife Mera Heart & Cancer Care Plan

• 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

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.

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

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.