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Overview
The PNB MetLife Century Plan provides whole-life coverage (up to 100 years of age) and income. This investment plan offers survival benefits if you outlive the policy tenure.
You can choose from various rider options to enhance your coverage as per your requirements. Flexible options are available to pay the premium amount, as well as modal factors.
Key Benefits of the PNB MetLife Century Plan
The PNB MetLife Century Plan offers a range of benefits including:
- Guaranteed cash bonuses
- Multiple income options
- Waiver of premiums on demise
- Survival benefits on request
- Flexibility to choose maturity option
How to Buy the PNB MetLife Century Plan on PolicyX.com
- Visit the official website of PolicyX.com.
- Click on the ‘Investment’ tab.
- A new page will appear on the screen.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Benefits of the PNB MetLife Century Plan
There are various benefits to buying the PNB MetLife Century Plan. Let’s understand each of them in detail:
- Maturity Benefits: The PNB MetLife Century Plan offers maturity benefits along with additions if you outlive the policy tenure. You can use these benefits to fulfill your financial needs.
- Death Benefits: In case of the policyholder’s unfortunate death during the policy tenure, death benefits are paid to their family members to help them maintain their lifestyle.
- Family Care Benefits: If you have opted for the family care benefit option with your plan, your future premiums are waived. Your nominee will get death benefits as well as maturity benefits on the maturity date.
- Bonus: If you opt for the PNB MetLife Century Plan, you may get various bonuses if declared (revisionary, terminal, and cash bonuses). These bonuses are not guaranteed and are only paid if declared.
Flexibility to Accumulate Survival Benefits
The policyholder enjoys the flexibility to accumulate their survival benefits, whether as fixed income or other additions.
Flexibility to Choose Survival Pay Mode
The policyholder can choose their survival pay mode: monthly, quarterly, half-yearly, or yearly.
Loan on Policy
You can avail of a loan against your PNB MetLife Century Plan once your policy acquires the surrender value.
Flexible Premium Payment Modes
You can choose the premium payment modes: monthly, quarterly, half-yearly, or yearly.
Inclusions
- The PNB MetLife Century Plan includes comprehensive coverage and benefits, such as guaranteed cash bonuses, multiple income options, and waiver of premiums on demise, as detailed in the plan overview.
Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy the PNB MetLife Century Plan
Here is the list of documents required to buy the PNB MetLife Century Plan:
- Photo ID Proof: Passport, Aadhaar card, PAN card, Driving Licence (any one of the following).
- Age Proof: Passport, Aadhaar card, PAN card, Driving Licence (any one of the following).
- Address Proof: Utility Bill, Passport, Voter ID, Ration Card (any one of the following).
- Medical Records: Medical records of the policyholder if requested.
- Income Proof: Bank Statement, last three months' salary slips (if you are salaried) (any one of the following).
Plan at a Glance
| Key Benefits | Limitations |
|---|---|
| Guaranteed Cash Bonuses | Premium Offset |
| Multiple Income Options | No additional riders |
| Waiver of Premiums | Auto cover continuance |
| Survival Benefits | Top-up premium |
In a Nutshell
The PNB MetLife Century Plan offers dual benefits: maturity benefits along with loyalty additions and death benefits. You can also choose whether your funds are managed by experts or yourself. Various charges are levied by PNB MetLife on this plan. If you are confused about whether this plan is right for you, you can contact us at PolicyX.com. One of our insurance experts will contact you shortly, get your details, and help you choose the plan that best fits your needs.
