Best 10 Year Savings Plan in India| Bachat Yojana

Name: PNB MetLife Bachat Yojana
Brand: PNB MetLife
Rating: 4.7 (19234 reviews)

What would you like to do first?

Uncertainties take place when you least expect them to. Ensure that you and your loved ones continue to enjoy a good life and can meet present and future financial goals that you set out to achieve, by building a small yet significant savings plan portfolio. Address long term financial needs through affordable premiums with PNB MetLife Bachat Yojana.

PNB MetLife Bachat Yojana in a nutshell

Allows for long term savings with affordable premiums
Pay only for 10 years and get covered for 15 years
Offers Sum Assured plus Bonus if declared upon maturity.
In case of death during the policy tenure of 15 years, your family receives Sum Assured plus Bonuses, if declared.

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What you get

Life Cover

If an unfortunate incident should occur, your loved ones will get Death Sum Assured plus bonus, if declared.

Simple Reversionary Bonus & Terminal Bonus

Simple Reversionary Bonus if declared, will be added to the policy only after completion of the 3rd policy year. Terminal Bonus, if declared will be added from the end of 5th policy year. Both bonuses, if declared shall be paid in case of maturity or death of life assured whichever is earlier.

Maturity Benefit

You will get the Base Sum Assured plus bonus, if declared, upon surviving the term of the policy.

PNB MetLife Bachat Yojana ensures:

Reasonable Premiums
Long Term Savings Plan
Financial Security

What you don’t get

Suicide Exclusions

If the Life Assured’s death is due to suicide within twelve months from the date of commencement of risk or from the Date of Revival of the Policy as applicable, the Nominee or beneficiary of the Policyholder shall be entitled to 80% of the total Premium paid till the date of death under the Policy death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in Inforce status. We shall not be liable to pay any interest on this amount.

Frequently Asked Questions

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What is the Death Benefit offered by PNB MetLife Bachat Yojana?

On the unfortunate event of death, your loved ones will get Death Sum Assured plus bonus, if declared.

When are Simple Reversionary Bonus & Terminal Bonus payable?

What is the Maturity Benefit offered by PNB MetLife Bachat Yojana?

You will get the Base Sum Assured plus bonus if declared upon maturity.

What are the eligibility criteria for this plan?

Particulars	Boundary Conditions
Minimum age at entry*	20 years
Maximum age at entry*	60 years
Minimum age at maturity*	35 years
Maximum age at maturity*	75 years
Premium Payment Term Options	10 years Limited Pay
Policy Term	15 years
Minimum Sum Assured	Rs. 64,800
Maximum Sum Assured	Rs. 5 Lakhs
Minimum Premium	Annual:Rs. 6,000 Semi-Annual:Rs. 10,000 Monthly/Payroll Savings Program:Rs. 15,000
Maximum Premium	Rs. 23,999 per Life for all modes

*Age Last Birthday, Electronic Clearing Service mandatory for monthly mode, Min/Max premiums does not include the taxes or extra premiums.
Alterations between different modes of premium payment is allowed at any policy anniversary

How can I purchase PNB MetLife Bachat Yojana?

You can purchase PNB MetLife Bachat Yojana offline through any of the following channels:

Disclaimer:

PNB MetLife Bachat Yojana is an Individual, Non Linked, Participating, Savings, Life Insurance Plan (UIN: 117N088V05)
Tax benefits are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn’t construe any indication of future bonuses. The product is subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses. The detailed Terms and Conditions are contained in the Policy Document
For more details, risk factors, terms and conditions, please read the sales brochure carefully before concluding any sale.

AD-F/2024-25/1222