PNB MetLife Investment Plans

PNB MetLife provides a vast range of diverse investment plans for you to choose from. Make sure to research thoroughly before you dive in. The plan you choose must tick every box on your checklist.

PNB MetLife Endowment Savings Plan Plus

Product Benefits

• Maturity Benefit: The maturity benefit payable will be a total of sum assured on maturity, accrued simple reversionary bonuses, and terminal bonus.

• Waiver of premium on Critical Illnesses Benefit (WoP on CI): If you select the “Savings Plus” option, all future premiums that you would otherwise be required to pay under the base policy shall be waived off for the remainder of the premium payment term if you are diagnosed with any of the 35 critical illnesses.

• Simple Reversionary Bonus & Terminal Bonus: Your policy gets bonus added to it from the first year. This is payable either at maturity or death or surrender; whichever is earlier.

• Death Benefit: The nominee will receive Sum Assured on Death along with the accrued Simple Reversionary Bonuses plus Terminal Bonus (if any), subject to 105% of all premiums paid as on date of death, after which, the Policy shall terminate. Here, the sum assured is the highest of:

• 10 times the annualised return.
• Sum Assured on Maturity: the absolute amount of benefit guaranteed to be paid on maturity.
• Basic Sum Assured (BSA): the absolute amount assured to be paid upon death of the insured.

Eligibility Details

How the Plan Works

This endowment life insurance plan helps accumulate your savings for your financial needs at every stage of life, whether you need money for your home loan or need to pay for your child’s wedding. There are two variations of this plan – savings and savings Plus. At the end of every policy year, simple reversionary bonuses get accrued and form part of the total benefit to the insured at maturity along with the basic sum assured and terminal bonus.

MetLife Mera Wealth Plan

Product Benefits

• Variety – You may choose between several options of premium payment years (Single Pay, 5 Pay, 10 Pay or Regular). There are also two types of plan options available – Online and Premier.
• Loyalty Addition – Starting from the 6th policy year onwards, you will be awarded Loyalty Additions if your premiums till date have been paid.
• Maturity Benefit – Upon survival of the person assured till the end of the policy term, the entire fund value can be paid.
• Death Benefit - The death benefit is the higher of the following:

                  Fund value.
                  Sum assured minus partial withdrawals.
                  105% of the total premiums paid.
  

Eligibility Details

How Plan works

It works just like any other life insurance plan where you receive a maturity benefit at the end of the policy as a lump sum or a strategic pay out through settlement options. In the case of the unfortunate death of the life assured, the nominee shall receive the death benefit.

PNB MetLife Guaranteed Income Plan

Product Benefits

• Guaranteed Income Benefit – Receive annual income between 11% to 13% of Basic Sum Assured (BSA), based on your Premium Payment Term.
• Variety – Choose a range of different premium payment term ranging from 5, 7, 10 or 12 years.
• Survival Benefit - Receive 30% to 55% of Basic Sum Assured (BSA) on Maturity, based on your Policy Term.
• Death Benefit – Sum Assured is payable on death which is the highest of:
  1. Annualised premium X multiple of annual premium.
  2. 105% of all premiums paid till date of death.
  3. Basic sum assured.
  4. Sum assured on maturity.

Eligibility Details

How does this Plan Work?

You earn guaranteed income benefit at various stages in your life and a maturity benefit on survival till the end of the term. PNB MetLife Guaranteed Income Plan is a non-linked, non-participating endowment policy that offers you a guaranteed income plan to avoid any financial obstacles in life. A lump sum benefit can also be availed to tackle any big financial requirements you might face in the future.

PNB MetLife Guaranteed Savings Plan

Product Benefits

• Maturity Benefit – Upon maturity, the benefit would be a sum of Sum Assured on Maturity Plus and Accrued Guaranteed Additions

• Death Benefit** – Sum Assured is payable on death which is the highest of:

  1. Annualised premium X multiple of annual premium.
  2. 105% of total premiums paid till date of death.
  3. Basic sum assured.
  4. Sum assured on maturity.

• Guaranteed Additions – These are added at the end of each policy year during the premium payment term. Guaranteed Additions is a percentage of cumulative premiums viz. 5 Pay – 5% | 7 Pay – 7% | 10 Pay – 10%

Eligibility Details

How does this Plan work?

PNB MetLife Guaranteed Savings Plan is a guaranteed savings insurance plan that provides lump sum benefit on maturity along with guaranteed additions on cumulative premiums. This investment option allows you to create a corpus to achieve any goals you have set in your life in terms of finance.

PNB MetLife Whole Life Wealth Plan

Product Benefits

• Variety – There are two options for you to choose from. Wealth Option – This provides a whole life cover. Wealth + Care Option – Additional health protection through Care Benefit – Upon diagnosis of any of the five illnesses, all future premiums that would otherwise have to be paid shall be waived off for the remainder of the premium payment term.
• Fund Boosters – These are allocated to your policy at the end of the 10th and the 15th policy year, provided your policy is in force and all premiums have been paid till date.
• Maturity Benefit - Maturity benefit is paid after which the policy will automatically terminate.
• Death Benefit – Highest of Sum Assured or Fund Value or 105% of the Instalment Premiums received,

Eligibility Details

How does this Plan work?

The Wealth Option works like a normal whole life cover where you are required to pay premiums over the premium payment term and your wealth keeps accumulating. However, in the Wealth + Care Option, if you, unfortunately are diagnosed with any of the 5 illnesses mentioned in the policy document, all future payments are paid by the company.

PNB MetLife Money Back Plan

Product Benefits

• Survival Benefits: You will receive 10% of the chosen sum assured as survival benefit from 5th policy year to 9th policy year.
• Maturity Benefit: In case of your survival till maturity, you will get 60% of sum assured at the end of the policy term. i.e. return of 110% of Base Sum Assured amount over the lifetime of the policy term.
• Death Benefit: Sum assured is payable on death which is the highest of:
  1. 10 times annualised premium.
  2. 105% of total premiums paid till date of death.
  3. Basic sum assured.

Eligibility Details

How does this Plan work?

This investment option is a systematic savings plan through which PNB MetLife offers a guaranteed money back with pay outs at regular intervals to you.

PNB MetLife Bachat Yojana

Product Benefits

• Simple Reversionary Bonus & Terminal Bonus: A bonus pay out will be added to your policy from the third year till the end of the policy term which will eventually be paid out upon death or at the end of the policy term.
• Maturity Benefit: You will receive the Base Sum Assured plus the bonus upon maturity.
• Death Benefit: The death sum assured will be provided to the nominee upon the death of the insured person.

Eligibility Details

How does this Plan work?

PNB MetLife Bachat Yojana is a long-term savings plan which allows you to address your long term financial needs through affordable premiums and offers you a sum assured plus any bonus that has gotten added to your policy from the third year onwards.