PNB MetLife Super Saver Investment Plan & Benefits | PolicyX
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PNB Metlife Super Saver Plan

PNB MetLife Super Saver plan is a long-term savings and family protect ...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 Super Saver Plan

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

Save more with PNB MetLife Super Saver Plan and protect your family in your absence.

The PNB MetLife Super Saver plan is a long-term savings and family protection plan. It offers three plan options, allowing policyholders to select their desired protection level: Savings, Savings + Family Care, or Savings + Health Care.

With the PNB Super Saver plan, you can grow your savings with yearly bonuses and have the flexibility to choose bonus payout options: Accumulation or Liquidity. The investment plan offers flexible premium payment terms: 5, 7, 10, 12, or 15 years. You can also enhance your base cover and get additional protection with PNB add-on riders.

PNB MetLife Super Saver Plan offers a range of benefits including:

  • Flexible premium payment terms
  • Choice of 2 yearly cash bonus payout options
  • Convenience of choosing your investment funds
  • Tax Benefits
  • Waiver of Premium

Eligibility Criteria for PNB Metlife Super Saver Plan

Entry age
Entry age
Minimum Age - 0 years, Maximum Age - 60 years
Maturity age
Maturity age
Maximum Maturity Age - 80 years
Policy tenure
Policy tenure
Minimum term - 10 years, Maximum term - 20 years
Premium payment term
Premium payment term
5,7,10,12,15 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

  • Waiver of Premium
  • Yearly Cash Bonuses
  • Choice of Plan Options

Cons

  • No coverage for pre-existing conditions
  • Suicide exclusion
  • No auto-cover continuance

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age - 0 years
Maximum entry age - 60 years
Minimum sum assured - ₹220000
Maximum sum assured - No limit
Maximum policy term - 20 years

How Does the PNB MetLife Super Saver Plan Work?

Let's understand how the PNB MetLife Super Saver Plan works with a simple premium illustration.

Problem

Mrs. Verma is looking for an investment plan to create long-term wealth for her child.

Solution

Her financial advisor advised her to buy the PNB MetLife Super Saver plan. She visited PolicyX.com.

Benefits of PNB Metlife Super Saver Plan

There are various benefits to buying the PNB MetLife Super Saver Plan. Let’s understand each of them in detail:

  • Maturity Benefit: Under the Savings option, if you survive till the maturity date, you shall receive a maturity benefit with the following additions: Sum Assured on Maturity, Accrued Simple Reversionary Bonuses (if any), Terminal Bonus (if any).
  • Life Insurance Death Benefit: If the ‘Savings’ option is chosen, the life cover amount will be paid out as a lump sum to the nominee on the policyholder's untimely death.
  • High Sum Assured Discount: Under Savings, Savings + Family Care, and Savings + Health Care options, you're eligible for a premium discount on a higher sum assured amount based on the premium payment type.
  • Surrender Benefit: You can surrender your policy anytime during the policy term once your policy acquires a surrender value. The policy obtains a surrender value once you've paid the full premiums for the first two years.

Features of PNB Metlife Super Saver Plan

Key features that make PNB Metlife Super Saver Plan stand out.

Flexible Premium Payment Terms

The plan offers flexible premium payment terms that allow you to choose how long you want to pay: 5, 7, 10, 12, or 15 years.

Cash Bonus

The plan offers a choice of 2 yearly cash bonus payout options: Accumulation or Liquidity.

Choice of Plan Option

Choice of plan options allows you to select the protection level: Savings, Savings + Family Care, or Savings + Health Care.

High Sum Assured Rebate

You'll even get a special premium discount for a high sum assured amount based on the premium payment type.

Documents Required for PNB Metlife Super Saver Plan

Keep these documents handy when applying for PNB Metlife Super Saver Plan.

Photo ID Proof

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

Age Proof

Age Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

Address Proof

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

Medical Records

Medical Records of the policyholder if requested.

Income Proof

Income Proof (either of one) - bank statement, last three months' salary slips (if you are salaried).

Exclusions of the PNB MetLife Super Saver Plan

Given below are some exclusions of the PNB MetLife Super Saver 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 Super Saver Plan

Here are the key features of the PNB Metlife Super Saver Plan.

Plan At a Glance

What’s Good Here What’s Missing
Various Plan Options Premium Offset
Guaranteed Income from 2 Years Onwards No additional riders
Guaranteed Maturity Benefit Auto cover continuance
Special Premium Rates for Women Top-up premium

In a nutshell

PNB MetLife Super Saver plan is a long-term savings and family protection plan. It offers three options for customizing your plan according to your future goals and needs.

For more information about this plan, visit PolicyX.com or call 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution.

FAQs: PNB MetLife Super Saver Plan

The 5 most-asked questions about PNB Metlife Super Saver Plan, answered.

PNB Super Saver offers a choice of three plan options that allow you to select the protection level: Savings, Savings + Family Care or Savings + Health Care.
The minimum sum assured in the PNB MetLife Super Saver Plan is ₹2,20,000.
Under Savings, Savings + Family Care, and Savings + Health Care options, you’re eligible for the premium discount on a higher sum assured amount based on the premium payment type:
PNB Super Saver plan offers two add-on riders: Accidental Death Benefit Rider Plus or Serious Illness Rider.
Yes, you can surrender your PNB Super Saver plan once your policy acquires a surrender value.

Written and reviewed by

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

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