PNB MetLife Mera Wealth Plan: Features & Benefits | PolicyX
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PNB Metlife Mera Wealth Plan

Mera Wealth Plan is a ULIP (Unit Linked Life Insurance Plan) that cove ...Read More

🛡️ IRDAI Approved
⭐ 4.6/5 · 922 reviews
📊 80 years solvency ratio
✅ Minimum Age - 3 year% claim settlement ratio
🌐 Annually, quarterly,+ pan-India

About PNB Metlife Mera Wealth Plan

A quick read on what this PNB Investment Plans term plan covers and why it might be a fit for you.

Mera Wealth Plan is a ULIP (Unit Linked Life Insurance Plan) that covers your family financially if something happens to you and offers good returns on your investment. This investment plan offers two plan options: Premier and Online, along with two investment options: Self-managed and Systematic Transfer options.

You can choose your premium payment duration, modes, and modal factors. This article provides complete information about Mera Wealth Plan, including its features, benefits, premium illustration, and buying process.

PNB MetLife Mera Wealth Plan offers you a range of benefits including:

  • Death benefits
  • Maturity benefits
  • Loyalty additions
  • Premium discontinuance
  • Partial withdrawals

Eligibility Criteria for PNB Metlife Mera Wealth Plan

Entry age
Entry age
Minimum Age - 30 days Maximum Age - 60 years
Maturity age
Maturity age
Maximum Maturity Age - 80 years
Policy tenure
Policy tenure
Minimum term - 10 years Maximum term - 30 years
Premium payment term
Premium payment term
5 to 30 years
Premium payment frequency
Premium payment frequency
Annual, half-yearly, quarterly & monthly
Sum assured
Sum assured
No limit

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Loyalty additions
  • Dual benefits
  • Partial withdrawals

Cons

  • Pre-existing conditions not covered
  • Suicidal exclusion
  • No auto-cover continuance

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age: 30 days
Maximum entry age: 60 years
Minimum sum assured: Rs 50 lakhs
Maximum sum assured: No limit
Maximum policy term: 30 years

Information regarding specific waiting periods for the PNB MetLife Mera Wealth Plan is not available in the provided details.

Benefits of PNB Metlife Mera Wealth Plan

There are various benefits to buying the PNB MetLife Mera Wealth Plan:

  • Death benefits: In case of the policyholder’s unfortunate demise, the death benefits are paid to their family members. The death benefit is higher of: Fund value, Basic Sum Assured minus Partial Withdrawals, or 105% of total premiums paid.
  • Maturity benefits: If the policyholder outlives the policy term, maturity benefits are paid along with applicable loyalty additions. These benefits help them fulfill their financial obligations.
  • Loyalty additions: This plan offers loyalty additions that will be allocated at the end of every policy year. The longer you remain invested, the higher your loyalty additions.
  • Receive payouts as per your choice: Payouts can be received as a lump sum or structured payments (monthly, half-yearly, or yearly).

Features of PNB Metlife Mera Wealth Plan

Key features that make PNB Metlife Mera Wealth Plan stand out.

Information regarding policy porting for the PNB MetLife Mera Wealth Plan is not available in the provided details.

Documents Required for PNB Metlife Mera Wealth Plan

Keep these documents handy when applying for PNB Metlife Mera Wealth Plan.

Photo ID Proof

Photo ID Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Age Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Address Proof (any one of the following) - Utility bill, passport, voter ID, ration card.

Medical Records

Medical Records of the policyholder if requested.

Income Proof

Income Proof (any one of the following) - bank statement, last three months' salary slips (for salaried individuals).

Exclusions of the PNB MetLife Mera Wealth Plan

Here are the exclusions of the PNB MetLife Mera Wealth Plan:

  • 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.

Other Features of PNB Metlife Mera Wealth Plan

Here are the key features of the PNB Metlife Mera Wealth Plan.

Plan At a Glance

What’s Good HereWhat’s Missing
Loyalty AdditionsPremium Offset
Premium DiscontinuanceNo additional riders
Guaranteed Maturity BenefitAuto cover continuance
Partial WithdrawalsTop-up premium

In a nutshell

PNB MetLife Mera Wealth Plan offers dual benefits: maturity benefits along with loyalty additions, and death benefits. You can also choose whether your funds are self-managed or managed by experts. There are various charges 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.

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FAQs: PNB MetLife Mera Wealth Plan

The 5 most-asked questions about PNB Metlife Mera Wealth Plan, answered.

You can choose from two plan options- Premier and Online while buying the PNB Metlife Mera Wealth Plan.
You can buy PNB Metlife Mera Wealth Plan from the official website of PNB Metlife or one of their nearest branch offices.
Yes, Mera Wealth Plan allows you to freely switch between funds but the minimum switch must be at least Rs 5,000.
The loyalty additions are provided under the Mera Wealth Plan every year. The longer you stay invested, the higher the additions.
There are various premium payment terms available with Mera Wealth Plan including 5,10 and 10 to 30 years.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Himanshu Kumar — Term & Life Insurance Reviewed by Anchita Bhattacharyya — Health, Term & Life Insurance
Last updated: 4 Feb 2025 · Originally published: 4 Feb 2025

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