An Individual, Unit Linked, Non-Participating, Life Insurance Plan | UIN: 117L133V01
Choice from below Plan options:
Option 1: Wealth: This option offers accumulated fund value to the policyholder at maturity. If policyholder dies during the policy term, lumpsum benefit will be paid to the nominee.
Additionally Joint life coverage, basis two lives may also be opted under this option
Option 2: Wealth + Care: This option gives life cover to the policyholder along with waiver of premium on specific Critical Illnesses
Option 3: Goal Assured: This option helps secure your goals in times of unforeseen events. In case of death of policyholder, lumpsum benefit will be paid to the nominee along with waiver of any remaining premiums. Additionally, the nominee will receive the accumulated fund value as maturity benefit
Option 4: Income Assured: This option provides additional income to the nominee after death of the policyholder along with lumpsum death benefit on death. Any remaining premiums will be waived off and the nominee shall receive the accumulated fund value at maturity
Option 5: Smart Child: This option offers life insurance cover to policyholder’s child. In case of policyholder’s death, future premiums will be waived off and policy shall continue with risk cover for the child and accumulated fund value will be received at maturity
Please refer to sales brochure for detailed benefit structure
Return of Charges
Create your own wealth plan through a choice of portfolio strategies:
Enhance Your Fund Value:
Get rewarded with fund booster6 at end of 10th, 15th, 20th, 25th & 30th year
|Wealth||Smart Child||Wealth + Care||Goal Assured||Income Assured|
|Minimum Entry Age (Yrs.)||0 (30 Days)||LA - 0 (30 Days)
Proposer – 18
|Maximum Entry Age (Yrs.)||Single Life: 60
Joint Life: 55 (Both lives)
|LA - 25||60||45|
|Minimum Policy Term (Yrs.)||
Joint Life: 10
|Maximum Policy Term (Yrs.)||Single Life:
Other than Whole Life: 30
Whole Life: 99
Joint Life: 10
|Maximum Maturity Age (Yrs.)||Single Life:
Other than Whole Life: 90
Whole Life: 99
Joint Life: 65
|Premium Paying Term||Single Life:
Other than Whole Life: Single Pay, Regular Pay, 5 Pay, 7 Pay, 10 Pay
Whole Life: Regular Pay, 7 Pay, 10 Pay
Joint Life: Single Pay
|Regular Pay, 5 Pay, 7 Pay, 10 Pay|
|Minimum Premium||Single Pay: Rs 1,50,000
Minimum Annualized Premium: Rs 18,000
|Maximum Premium||No Limit|
* For the Joint Life coverage, the entry age for any one of the lives should be at least 18 years.
* For the Wealth + Care option, maximum Premium Paying Term will be subject to age of life assured not exceeding 75 years at the end of premium paying term.
* For policies issued to minor lives under Wealth (Single Life) and Smart Child options, the minimum policy term would be subject to the life assured being at least 18 years at the time of maturity of the policy.
* LA denotes Life Assured
On a valid death claim for an in-force policy where all due premiums have been paid, the benefit payable on the death of the Life Assured shall be:
Highest of the following amounts:
In the Goal Assured & Income Assured options, the fund value shall not be considered for death benefit
Plus, the highest of the following amounts
Where Sum Assured is defined as Single Pay/Annualized Premium * Sum Assured Multiple chosen at inception and Top Up Sum Assured is Top Up Premium * 1.25
The Maturity Benefit is the amount payable to the Policyholder or the Nominee(s) on maturity of this policy at expiry of the Policy Term. The Maturity Benefit is equal to the Total Fund Value (including top-up fund value) in the Unit Account determined using the Net Asset Value on the Maturity Date.
The customer shall receive this additional benefit as per the following schedule:
|Premium Paying Term||Fund Booster Percentage||Credit at the End of Policy Year|
|Regular Pay, 5 Pay, 7 Pay, 10 Pay||1%||15, 20, 25 & 30|
|Single Pay||2.4%||10, 15, 20, 25 & 30|
Waiver of Premium on Death:
In case of death within the Premium Paying Term for a In Force Policy, any future Installment Premiums that would otherwise have been payable under the Policy shall be waived.
This Benefit is applicable as follows
Waiver of Premium on Critical Illness (Only under Wealth + Care Option):
In case of diagnosis of any one of the following five Critical Illnesses
Bonus declared for Participating Policies in FY’23
Claim settlement ratio for retail business
Locations & strong branch network
As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at firstname.lastname@example.org or email@example.com. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.
PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.