PNB Metlife Investment Plans

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About PNB Metlife Investment Plans

PNB MetLife allow buyers to invest in sectors such as consumption, technology, digital, and healthcare among other emerging industries.

Features of PNB Metlife Investment Plans

1 Premium Payment Term:

Most plans offer the option of selecting the premium payment term among Single, Regular, and Limited Pay.

2 Partial Withdrawal:

Investors can now withdraw certain amounts from their funds to fulfil monetary obligations, mostly from the 5th year of the policy term.

3 Maturity Benefit:

Policyholders are covered for the entire duration of the policy term. Besides, they will receive the maturity benefit in a lump sum on survival.

4 Multiple Plan Options:

Majority of the savings and investment plans offered by PNB MetLife come with several options that can be used by policyholders to customize their plans according to their monetary objectives.

5 Savings and Returns:

Along with life cover, investors can choose to accumulate funds under these plans and grow a significant corpus with additional returns.

Benefits of PNB Metlife Investment Plans

Benefits of PNB Metlife Investment Plans

Claim Settlement Ratio of PNB MetLife

In FY 2019-20, its claim settlement ratio was reported to be 97.18. For your convenience, in the figure below, we have compared the claim settlement ratios of the top-ranking life insurance companies with that of PNB Metlife.

Comparison between PNB Metlife and other top insurance companies (based on Claim Settlement Ratio)

Comparison between PNB Metlife and other top insurance companies (based on Claim Settlement Ratio)

List of PNB MetLife Savings and Investment Plans

The table below lists the savings and investment product offerings of the company along with details on the ideal customer base against each plan.

S. No.Names of PlansWho should buy it?
1PNB MetLife Mera Wealth PlanThe plan is for individuals who wish to secure their life and plan future finances.
Those with an appetite for risk should consider this plan for high returns.
2PNB MetLife Century PlanPeople looking for long-term life cover should consider this plan.
It is suitable for anybody looking to ensure a second source of income post-retirement.
3PNB MetLife Endowment Savings Plan PlusThe plan is ideal for people looking for protection against critical illnesses.
People looking to pay off their financial obligations such as debts should have this plan on their shortlist.
4PNB MetLife Smart PlatinumIndividuals looking to diversify their investment portfolio are ideal for this plan.
In addition to high returns, those looking for long-term life cover should check out this plan.
5PNB MetLife Guaranteed Future PlanIndividuals who want a systematic savings option while remaining protected under life cover should be ideal for it.
6PNB MetLife Smart Platinum PlusThis ULIP is ideal for those looking for whole life cover and flexibility in their investment portfolio.
7PNB MetLife Guaranteed Savings PlanThose who are looking to save for their families or future obligations should consider this plan.
8PNB MetLife Guaranteed Income PlanThose who wish to ensure an earning for their families in case of adversities should go study this plan.
Riders can be availed for those who wish for enhanced coverage.
9PNB MetLife Super Saver PlanThis is for people who wish to strengthen their finances with accrued bonuses.
People who want to leave their families financially protected are ideal for this plan.
10PNB MetLife Bachat YojanaPeople looking for affordable life cover and increased savings are ideal customers.

Overview of PNB MetLife Investment Plans

We have attempted to briefly describe each of these plans in the next sections.

  1. PNB MetLife Mera Wealth Plan

    It is a unit-linked wealth and savings plan that enables policyholders to achieve their financial goals in addition to ensuring a life cover. Please note that unit-linked funds are subject to market volatilities and the risks are borne by the policyholders.

    Key Features

    • Policyholders can choose to opt for Single or Regular premium payment methods.
    • It comes with two investment options, viz. Self-managed and Systematic Transfer.
    • The plan offers loyalty additions from the 6th policy year.
    • Maturity benefit can be availed as a sum of Fund Value at term completion.

    Eligibility Criteria

    Entry ageMinimum: 30 days, Maximum: 60 years
    Age at MaturityMinimum: 18 years, Maximum: 80 years
    Maximum Policy Term30 years
    Premium Payment OptionsSingle premium, Regular premium, 5 Year/10 Year Limited premium
  2. PNB MetLife Century Plan

    A recent addition to the company's product range, the PNB MetLife Century Plan offers life cover till the age of 100.It also serves as a second source of income post-retirement.

    Key Features

    • Policyholders receive a lump sum amount at maturity.
    • Policyholders can choose to withdraw a part of the survival benefit or accumulate the sum till the end of the term.
    • The plan comes with 3 income options, viz Super Income, Smart Income, and Future Income.
    • Guaranteed cash bonuses up to 10% and 30% can be availed under the Super Income option and Future Income option, respectively.
    • Family Care Benefit option enables buyers to ensure that survival benefits are paid even after the policyholder's death.
    • Family Care Benefit option also waives off future premiums payable post the Life Assured's death.

    Eligibility Criteria

    Income OptionSuper IncomeSuper IncomeFuture Income
    Minimum Entry Age30 days / 18 years
    Maximum Entry Age50-60 years50-65 years50-60 years
    Maturity Age80-100 years
    Policy Term80 minus Entry Age, 100 minus Entry Age
    Premium Payment Term5 Pay/10 Pay/12 Pay/15 Pay5 Pay/10 Pay/12 Pay/15 Pay8 Pay/10 Pay/12 Pay/15 Pay
    Minimum Sum AssuredRs. 2,40,000 / Rs. 6,00,000*
    Minimum Annualized PremiumRs. 24,000 / Rs. 60,000*

    * Subject to Premium Payment Term

  3. PNB MetLife Endowment Savings Plan Plus

    It is an endowment-based investment plus life insurance plan that helps in serving financial needs at every stage of life.

    Key Features

    • Policyholders can avail death and maturity benefits.
    • It comes with two options in terms of financial protection, viz. Savings and Savings Plus.
    • Future premiums are waived off against 35 pre-listed critical illnesses, under the Savings Plus option.
    • The plan offers a simple reversionary bonus and a terminal bonus from the first year of the policy.

    Eligibility Criteria

    Plan OptionSavingsSavings Plus
    Entry ageMinimum: 8 years, Maximum: 60 yearsMinimum: 18 years, Maximum: 55 years
    Age at Maturity80 yearsRegular Pay: 65 years, Limited Pay: 80 years
    Policy Term10-25 years
    Premium Payment OptionsRegular premium, Limited premium (5 Pay/7 Pay/10 Pay)
    Minimum Sum AssuredRs. 2,20,000
  4. PNB MetLife Smart Platinum

    Another ULIP plan by PNB MetLife, allowing investors to build their investment portfolio through 6 different market-linked funds, depending on their risk appetite.

    Key Features

    • This ULIP plan offers life coverage till the age of 99.
    • It allows partial withdrawal of funds post the 5th year.
    • Policyholders have the option to change their sum assured.
    • It comes with the Auto Rebalance option, which adjusts your investment portfolio to capitalize on emerging market opportunities.

    Eligibility Criteria

    Entry ageMinimum: 7 years, Maximum: 70 years
    Premium Payment Term5 Pay, 10 Pay, Whole Term
    Premium Payment ModesAnnualSemi-AnnualMonthlyQuarterly
    Minimum Annualized PremiumRs. 30,000Rs. 60,000Rs. 60,000Rs. 60,000
  5. PNB MetLife Guaranteed Future Plan

    The plan helps policyholders to systematically save while ensuring a life cover. It further guarantees returns against the savings corpus of policyholders.

    Key Features

    • It offers flexibility in payout, meaning that buyers can choose to receive a lump sum amount on maturity or earn a regular income.
    • It comes out with 4 plan options, viz. Endowment Option, Income Option, Income + Lump-sum Option, and Income + Boosters.
    • The guaranteed income ranges from 103% to 246% of the annualized premiums.
    • The plan comes with riders for extra protection against Accidental Death and Serious Illnesses.
    • Policyholders have the option to take loans up to 90% of the surrender value.

    Eligibility Criteria

    Minimum Entry Age30 days*
    Maximum Entry Age60 years
    Maximum Maturity AgeSingle Pay: 80 years, Limited Pay: 75 years
    Premium Payment OptionSingle Pay, Limited Pay
    Policy Term12-32 years**
    Minimum Sum AssuredSingle Pay: 1.25 x Single premium, Limited Pay: 10 x Annualised premium
    Minimum Annualized PremiumSingle Pay: Rs. 2,00,000, Limited Pay: Rs. 12,000

    * Subject to change per the chosen policy term

    ** Subject to payout option chosen

  6. PNB MetLife Smart Platinum Plus

    With PNB MetLife Smart Platinum Plus, investors can avail themselves of whole life protection coupled with opportunities to grow financially.The plan covers policyholders against critical illnesses.

    Key Features

    • It offers two plan options, viz. Wealth and Wealth + Care. The latter waives off future premiums payable if the policyholder is diagnosed with any of the 5 pre-defined critical illnesses.
    • Fund Boosters at the end of the 10th year can be availed to enhance total fund value.
    • Investors can choose from 11 unit-linked funds.
    • Fund Management Charges are returned at the end of the 6th policy year.

    Eligibility Criteria

    Plan optionWealthWealth + Care
    Age at EntryMinimum: 30 days, Maximum: 70 yearsMinimum: 18 years, Maximum: 65 years
    Age at Maturity80 years/99 years
    Premium Payment OptionsSingle, Regular, Limited PayLimited Pay
    Minimum Sum AssuredSingle Pay: Rs. 1.87,500, Regular/Limited Pay: Rs. 3,36,000
    Premium Payment ModeAnnual, Half-Yearly, Monthly
  7. PNB MetLife Guaranteed Savings Plan

    It is a savings-based insurance plan that guarantees additional returns on the premiums paid. Maturity benefit is payable as a lump sum, which can then be used by the policyholder to achieve her/his short-term and long-term goals.

    Key Features

    • A percentage of the basic sum assured can be availed upon plan maturity.
    • At the end of each year within the premium payment term, policyholders receive guaranteed additions on the cumulative premiums.
    • A maximum of 90% of the surrender value can be availed as a loan.

    Eligibility Criteria

    Premium Payment Term5 Pay7 Pay10 Pay
    Age at EntryMinimum: 8 years, Maximum: 60 yearsMinimum: 3 years, Maximum: 60 yearsMinimum: 3 years, Maximum: 60 years
    Maximum Age at Maturity70 years72 years/75 years80 years
    Policy Term10 years12 years/15 years20 years
    Minimum Sum AssuredRs. 4,00,000Rs. 2,00,000Rs. 1,50,000
  8. PNB MetLife Guaranteed Income Plan

    It is an individual, non-participating, non-linked, savings and life insurance plan. The scheme has been designed to secure your family against unexpected circumstances while also offering an additional income.

    Key Features

    • In the event that an unfortunate incident occurs during the policy, the Life Assured's family receives lump sum benefits.
    • The plan guarantees a periodic income of 11% to 13% of the Basic Sum Assured at the end of the premium payment term.
    • In addition to the income benefit, policyholders receive the maturity benefit up to 55% of the Basic Sum Assured.
    • Life Assured can avail of a loan up to 90% of the surrender value at an interest rate of 10.5% (current rate).

    Eligibility Criteria

    Premium Payment Term5 Pay7 Pay10 Pay12 Pay
    Policy Term10 years/15 years15 years20 years20 years
    Minimum Entry Age8 years/3 years3 years3 years3 years
    Maximum Entry Age60 years
    Maximum Maturity Age70 years/75 years75 years80 years80 years
    Minimum Annual PremiumRs. 52,900*Rs. 23,864Rs. 16,666Rs. 12,357
    Minimum Sum AssuredRs. 4,00,000Rs. 2,00,000Rs. 1,50,000Rs. 1,50,000

    *For a policy term of 10 years.

  9. PNB MetLife Super Saver Plan

    It is a non-linked life insurance plan designed to financially protect policyholders and their families in the future.

    Key Features

    • Future premiums are waived off in case of the untimely demise of the life assured or upon being diagnosed with a critical illness.
    • Accumulation and Liquidity bonus options are available for policyholders to choose from at the time of inception.
    • It comes with 3 plan options, viz. Savings, Savings + Family Care, and Savings + Health Care.
    • If opted for Savings + Family Care, the maturity benefit is payable even after the policyholder's death, along with the future premiums waived off.

    Eligibility Criteria

    Plan OptionSavingsSavings + Family CareSavings + Health Care
    Age at EntryMinimum: 0 days, Maximum: 60 yearsMinimum: 18 years, Maximum: 50 yearsMinimum: 18 years, Maximum: 55 years
    Age at MaturityMinimum: 18 years, Maximum: 80 yearsMinimum: 28 years, Maximum: 70 yearsMinimum: 28 years, Maximum: 75 years
    Policy Term10-20 years
    Minimum Sum AssuredRs. 2,20,000
    Premium Payment ModeYearly/Half Yearly/Monthly
  10. PNB MetLife Bachat Yojana

    PNB MetLife Bachat Yojana is an individual, non-linked, long-term savings plan with the benefit of life cover.

    Key Features

    • Policyholders can receive coverage for up to 15 years for a premium payment term of 10 years.
    • It offers the base sum assured as a maturity benefit along with bonuses.
    • Simple Reversionary Bonus and Terminal Bonus are applicable under this plan. The bonus accrues from the 3rd year till the end of the policy term.

    Eligibility Criteria

    Age at EntryMinimum: 20 years, Maximum: 60 years
    Maximum Maturity Age75 years
    Premium Payment Term10 years limited pay
    Policy Term15 years
    Sum AssuredMinimum: Rs. 64,800, Maximum: Rs. 5,00,000

Procedure to Purchase PNB MetLife Investment Plans

Buying Process Of PolicyX website
Buying Process Of HDFC Investment Plans

Claim Process at PNB MetLife

The claim process at PNB MetLife involves the following steps:

Claim Process PNB MetLife

File a Claim:

  • Apply for the claim on their official website, or
  • Inform via email at claimshelpdesk@pnbmetlife.com, or
  • Send them a letter via post, or
  • Use their self-service mobile app, named KhUshi.

Submit Required Documents:

In case of a death claim, documents required are:

  • Death certificate - original/attested copy
  • Official statement of the Claimant
  • Physician's/Doctor's certificate
  • Claimant's photo ID and address proof
  • Cancelled cheque/passbook for bank account details
  • Claimant's authorized letter, in cases involving a third party.

Claim Payout:

Upon receipt of essential documents, the claims are processed within 30 days, if further investigations are not required.

In cases requiring follow-up investigation, claims will be processed within 90 days from the date of receipt of documents.

PNB Metlife Investment Products


FAQs

1. What is the minimum / maximum amount required to open a fixed deposit account at PNB?

Term deposits like Balika Shiksha can be opened without any minimum balance. The maximum limit is usually set at Rs. 10 Crores for fixed deposits.

2. What is the minimum / maximum deposit period for FD accounts at PNB?

Term deposits can be made for a period of as low as 7 days to as long as 10 years. Plans can be auto-renewed at the end of the term.

3. How does the Return of Fund Management Charge benefit work?

The total of Fund Management Charges (excluding any applicable goods and service taxes) deducted during the first 5 years of the policy net of taxes will be added back to the Fund Value at the end of the 6th policy year.

For a premium payment term of 5 years, the total of Fund Management Charges (excluding any applicable goods and service taxes) deducted during the first 3 years of the policy net of taxes will be added back to the Fund Value at the end of the 6th policy year.

Return of Fund Management Charge will be payable provided the policy is in force and all due instalment premiums till the end of the 6th policy year have been paid in full. This benefit will not be available in the case of the Single Pay premium payment option.

4. When will I receive a Fund Booster?

Fund Boosters will be allocated to your policy at the end of the 10th policy year provided the policy is in force and all due instalment premiums till the date have been received in full. If the policyholder has chosen multiple funds, a Fund Booster will be allocated to each fund based on the fund value of that particular fund and Fund Booster percentage.

5. What Critical Illnesses are covered under ‘Care Benefit' of PNB MetLife Smart Platinum Plus?

  • Cancer of Specified Severity
  • First Heart Attack – of specified severity
  • Open Chest CABG
  • Kidney Failure Requiring Regular Dialysis
  • Stroke resulting in Permanent Symptoms

6. What Bonus Options can be availed under PNB MetLife Super Saver Plan?

The Policy Holder shall have the option to choose the following bonus options at inception of the policy:

Accumulation

Simple Reversionary Bonus, if any will accrue throughout the Policy Term and is paid as a lump sum on the Maturity Date or Death (except in Plan Option 2: Savings + Family Care), whichever is earlier. For Savings + Family Care Option, after Death of the Life Assured Simple Reversionary Bonus, if any shall be accrued and paid along with Maturity Benefit.

Liquidity

Simple Reversionary Bonus, if any accrues during Premium Payment Term and is paid at the Maturity Date or death (except in Plan Option 2: Savings + Family Care) whichever is earlier. For Savings + Family Care Option, after Death of the Life Assured Simple Reversionary Bonus, if any shall be accrued during premium payment term and paid along with Maturity benefit.

Cash Bonus, if any will be paid at the end of each Policy Year after the expiry of the Premium Payment Term till the Maturity Date or death (except in Plan Option 2: Savings + Family Care), whichever is earlier. For Savings + Family Care Option, after the death of the Life Assured Cash bonus, if any shall continue to be paid till Maturity.

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4.6/5 (25 Total Rating)

September 22, 2021

Jagriti

Coimbatore

policyx has been very supportive when i had to file a claim ... they are informative and detailed and made the whole process easy

September 21, 2021

Sunny Rawal

Kanpur

I think I bought my plan in under 5 minutes from policyx.com s website...the discussion prior to this was very helpful too

September 20, 2021

Prabha Devi

Chandigarh

i was so confused man! too many plans out there... I sought out policyx.com for guidance...and that helped a lot! So thanks!

September 17, 2021

M Pradhan

Bhopal

policyx ke through maine plan lia tha...ye PNB ka hai aur kaafi sasta pada ...khud custmze kia toh wo assurity hai ki aage help hoga hi

September 17, 2021

Nayanabh C Kakoti

Delhi

very happy with the customer service at policyx.com... i had some confusions about the plan after I bought it. howvere the agent walked me through them and also informed me about freelook period and stuff! so very satisfied.

Last updated on August, 2021

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