PNB MetLife Insurance

• PNB MetLife India Insurance Company has its presence in 7,000 locations in India and 50 countries
• PNB MetLife India Insurance Company is one of the top leading life insurance companies in India with MetLife International Holdings LLC and Punjab National Bank as their majority shareholders
• PNB MetLife India Insurance Company has insured around 3.6 plus million lives in India
• PNB MetLife India Insurance Company has insured around 100 million lives in India

a.) MetLife Mera Term Plan

The features of this plan are mentioned below:

• The minimum entry age is 18 years and maximum entry age is 65 years
• The maximum maturity age is 75 years
• The coverage period is 10-40 years
• The minimum sum assured is 10 lakh
• This plan protects your family’s financial independence even after your demise
• Offers joint life benefit to cover your spouse in the same policy
• Offers flexibility to increase the life cover
• Offers freedom to your kids to enjoy a worry-free and secured education life and achieve their dreams
• Offers flexibility to choose from 4 payout options
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

b.) MetLife Family Income Protector Plus

The features of this plan are mentioned below:

• The minimum entry age is 25 years and maximum entry age is 60 years
• The maximum maturity age is 75 years
• The premium paying options are yearly, half-yearly, monthly and PSP modes
• This plan offers guaranteed monthly income up to 20 years for your family
• Offers 110% of your base premium back at the end of the policy tenure
• Offers death benefit by providing monthly income amount selected by you at the beginning of the plan
• This plan offers flexibility to choose your premium and monthly income
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

a.) MetLife Money Back Plan

The features of this plan are mentioned below:

• The minimum entry age is 13 years and maximum entry age is 55 years
• The maximum age of maturity is 65 years
• The policy term is of 10 years only
• This plan promises guaranteed money back at regular intervals. With addition, it also ensures protection from any unforeseen situations
• This plan offers you the survival benefits of 10% of the basic sum assured. This starts from the fifth to the ninth policy year
• This plan returns 110% of the base sum assured over the lifetime of the policy period
• Offers full death benefits along with the survival benefits too
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

b.) MetLife Smart Platinum

The features of this plan are mentioned below:

• The minimum entry age is 7 years and the maximum entry age is 70 years
• This plan is a unit-linked plan offering you flexibility to make your investment portfolio with 6 different funds
• This plan offers you flexibility by providing you coverage till 99 years of age. It also lets you choose the premium term of 5years, 10 years or for whole life
• Offers help by managing investment risk along with a rebalancing option
• Offers liquidity for withdrawal of partial funds after 5th year
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

c.) MetLife Bhavishya Plus

The features of this plan are mentioned below:

• The minimum entry age is 20 years and the maximum entry age is 45 years
• The maximum maturity age is 69 years
• This plan comes along with a benefit of waiver of premiums to meet your family’s financial requirement in your absence
• This plan offers triple benefits of money back, protection and guaranteed savings for your beloved
• Offers death benefits and post which the policy still continues during any uncertainty
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

d.) MetLife Easy Super

The features of this policy are mentioned below:

• The minimum entry age is 18 years and maximum age is 60 years for 15 year policy, 55 years for 20 year policy
• This plan is a unit-linked plan that offers you the convenience and flexibility to make your investment portfolio with 6 different funds
• Offers affordable premium at a very nominal rate
• Offers help by managing investment risk along with a rebalancing option
• Offers liquidity for withdrawal of partial funds after 5th year
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

e.) MetLife College Plan

The features of this plan are mentioned below:

• The minimum age at entry is 20 years and maximum age is 45 years
• The maximum age at maturity is 69 years
• The person insured can be a father/mother/legal guardian of the child
• This is a type of savings plan that provides regular cash payouts and bonuses during your child’s growing years. Also covers your child’s education expenses
• During death, the sum assured and bonuses and any outstanding premiums for the plan would be waived off
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

f.) MetLife Smart Child Plan

The features of this plan are mentioned below:

• The minimum age at entry for the life insured would be 18 years and maximum would be 55 years
• The minimum age at entry for the beneficiary would be 90 days and maximum would be 17 years
• This plan helps you to plan your child’s future needs well in advance
• This plan is customized only for your child in order to take care of their future needs right from educational costs to financial planning, wedding as well as extracurricular activities
• This plan takes care of the policy during any unfortunate death of the parent
• Offers flexibility of transfer option to get the best of the equity markets
• Offers partial withdrawal option and also provides 4 free switches to take care of your funds
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

a.) MetLife Bachat Yojana

The features of this plan are mentioned below:

• The minimum entry age is 20 years and maximum entry age is 60 years
• The maximum age at maturity is 75 years
• This plan allows long term savings along with affordable premiums
• Here you pay for 10 years but get coverage for 15 years
• Offers sum assured along with bonus on maturity
• Your family becomes eligible to receive bonus along with sum assured in case of death of the policy holder during the policy period of 15 years
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

b.) MetLife Guaranteed Savings Plan

The features of this plan are mentioned below:

• The minimum age of entry for the 5 pay is 8, 7 pay is 3 and 10 pay is 3
• The maximum age of entry at all the levels is 60
• This plan helps you to achieve your dreams by offering lump sum amount on maturity and also provides guaranteed additions on cumulative premiums
• You can create your corpus in order to ensure that your short term to long term goals are achieved as per your choice
• Offers guarantee for your child’s education along with guaranteed benefits on maturity
• This plan provides security to your family’s future along with life cover for entire policy period
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

c.) MetLife Guaranteed Income Plan

The features of this plan are mentioned below:

• The minimum entry age for 5 pay premium payment is 8 years, for 7 pay is 3 years and 10 pay is 3 years
• The maximum age of entry at all the levels is 60
• You can create a second income to support your family
• This plan helps you to plan your goals by offering a lump sum amount on maturity
• This plan helps you to secure your family’s future
• This plan helps you to achieve important milestones with regards to your child’s education
• You can also fund your yearly vacations
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

d.) MetLife Endowment Savings Plan Plus

The features of this plan are mentioned below:

• The minimum entry age is 18 for savings and 18 for savings plus plan
• This plan helps in building your savings for your future financial requirements during different phases in life. It also offers life cover to safeguard your family along with an good option to protect from critical illness
• This plan helps you to pre pay your housing loan
• This plan helps you to achieve important milestones with regards to your child’s education
• Offers to safeguard your family’s future by giving an option of waiver of future premiums against 35 critical illnesses
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

a.) MetLife Mera Wealth Plan

The features of this plan are mentioned below:

• This is a unit-linked plan that helps you to make a financial set-up for your goals at every stage of life
• This plan helps you create an investment plan covering your future goals
• Offers good returns for your funds invested
• Offers flexibility to choose between self-managed option or systematic transfer option
• Offers rewards for staying invested along with loyalty additions
• Offers protection to your investment plan along with life cover
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

b.) MetLife Smart One

The features of this plan are mentioned below:

• The minimum age at entry is 3 months and maximum age at entry is 65 years
• The age of maturity is 75 years
• This is a single premium payment plan offering you various investment options that helps you accelerate your wealth creation goals
• Here you just have to pay once in order to gain the benefits of the term selected
• The stop loss option safeguards your investment when the market is down
• The auto balancing option helps you during volatile market situations
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

a.) MetLife Immediate Annuity Plans

The features of this plan are mentioned below:

• The minimum age for standalone annuity is 30 years for single life options. Joint life options is 40 years. The minimum age for tied annuity is 0 years for single life options and for joint life options is 18 years
• Here, you just have to pay once and you get guaranteed income for your entire lifetime
• This plan ensures lifetime income for your spouse, post your demise
• This plan helps you leave a legacy for your family through return on invested capital, post your death
• Offers increasing income to bear the rising expenses
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

b.) MetLife Monthly Income Plan – 10 Pay

The features of this plan are mentioned below:

• The minimum age at entry is 18 years and maximum age is 55 years
• The maturity age is 65 years
• Here, you can receive a monthly income for 15 years with a tenure of 10 year premium plan
• Offers bonus if any to enhance your plan
• Offers financial protection to you and also your loved ones
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

c.) MetLife Retirement Savings Plan

The features of this plan are mentioned below:

• The minimum age at entry is 30 years and maximum age at entry is 64 years
• This plan offers vesting benefit. The sum assured + vested simple reversionary bonus plus terminal bonus, if any
• This plan offers death benefit. The death benefit + accrued simple reversionary bonus + terminal bonus, if any.
• Offers flexibility by allowing you to defer the vesting date up to 75 years
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

d.) MetLife Dhan Samriddhi

The features of this plan are mentioned below:

• The minimum age at entry is 8 years and maximum age is 65 years
• The policy term is of 10 years
• Offers convenience by just paying at one go
• Offers loyalty additions
• Offers consistent returns on the funds
• Offers death benefit to your nominee the highest among the 3 options: the single premium fund value, or the sum assured less partial withdrawals or 105% of the single premium paid
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

a.) MetLife Grameen Ashray

The features of this plan are mentioned below:

• The minimum age at entry is 18 years and maximum age is 55
• The maturity age is 60 years
• This is a simple micro insurance, non-participating plan offering you life cover at an affordable nominal rate
• Offers affordable short term protection plan
• Has simplified process
• Offers easy documentation
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

a.) MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana

The features of this plan are mentioned below:

• The minimum age at entry is 18 years and maximum is 50 years
• The maximum maturity age is 55 years
• This is a non-linked, non-participating plan of just one year renewable term plan
• This plan is launched by the Government of India
• It offers protection at a very nominal rate
• No medical examination is required here
• Offers ease to enroll and also has simplified proposal form
• Offers death benefit of Rs.2 lakh during the policy term

b.) MetLife Unit Linked Employee Benefit Plan

The features of this plan are mentioned below:

• The minimum age at entry is 18 years and maximum age is 74
• This plan offers you an option of 5 linked funds
• Offers flexibility to switch between the 2 funds.
• Offers free switches for the first four funds in a policy year
• Offers the gratuity contribution payment in installments
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

c.) MetLife Traditional Employee Benefit Plan

The features of this plan are mentioned below:

• The minimum age of entry is 18 years and maximum age is 1 year less than the normal retirement age
• The minimum group size is 10
• Offers minimum guaranteed interest of 2% per year on every portion of the contributions paid
• Offers provisions to pay the gratuity contribution in installments
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

d.) MetLife Superannuation

The features of this plan are mentioned below:

• The minimum age at entry is 18 years and maximum is as per schemes rule
• This plan is best suited for employers who wants to outsource the management and administration of superannuation liabilities in a very effective manner
• This is a type of cash accumulation plan
• The interest component varies as per the contributions made
• The interest declared becomes the part of the capital each year
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

e.) MetLife Loan & Life Suraksha

The features of this plan are mentioned below:

• The minimum age at entry is 15 years and maximum is 65 years
• Offers a good competitive edge to your portfolio which is existing
• Offers loyalty additions
• Reduces the risk due to a customer's death
• Offers you to easily maintain a long term relationship
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

f.) MetLife Group Term Life Plus

The features of this plan are mentioned below:

• The minimum entry age is 18 years and maximum is 80 years
• Offers security to the employees family
• Offers help to meet the EDLI requirement
• The rates of the premium are cheaper than the individual life cover
• Offers tax benefits to the employer
• A retention tool for the employees
• Offers flexibility for the premium payments
• Offers additional cover for self and family
• When the employee leaves the organization, he/she can convert the policy into individual coverage
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly

g.) MetLife Complete Care Plus

The features of this policy are mentioned below:

• The minimum age at entry is 18 years and maximum age is 80 years
• The rates of the premium are cheaper than the individual life cover
• Offers tax benefits to the employer
• A retention tool for the employees
• Offers flexibility for the premium payments
• When the employee leaves the organization, he/she can convert the policy into individual coverage
• Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly
• Offers financial security to the employees family

PNB Metlife is one of the most secure and reliable insurance companies in the market. PNB MetLife Insurance offers wide-ranging term coverage that takes care of your overheads associated with liabilities and offers a peace of mind by making arrangements for a financially secured life for your loved ones. The variety of plans offered by this company would enhance your insurance policies at a very minimal rate. PNB Metlife has one of the most outstanding records of claim settlement ratio. This means that 91.12% of the claims reported in the F.Y of 2017-18. Also non-disclosure of previous insurance covers. With this, coupled with diverse cover plans designed to suit all customers needs.