All insurance companies in one or the other type are cheating. Last time I explained how I was cheated by Max Life Insurance company. But as a customer please study on google about the products and I suggest strongly do not invest your hard earned money in an insurance company, but take only life cover that is life risk that is all. Better than insurance company is mutual funds or still better will be invest directly your money into stock market for only only long-term investment by doing research. But as far as pnb metlife I do not find any big problem as its products are good and in market linked products they offer unlimited switches and you can operate just like trading account and earn good amount of profits from the policy itself.