Individual, Non-Linked, Participating, Savings, Life Insurance Plan | UIN: 117N123V03
PNB MetLife Super Saver Plan is a non-linked, participating life insurance plan that helps you accumulate your savings and provides a long-term financial protection for you and your family. Additionally, it also provides a waiver of premiums to ensure that your goals are not compromised in case of critical illness or an untimely demise.
Plan options
This plan offers you three Plan options namely, Savings, Savings + Family Care, and Savings + Health Care Option that have various provisions to help save for your family’s future.
Bonus options
The policyholder shall have the option to choose Accumulation or Liquidity bonus options at inception of the policy
Life Cover
Provide financial protection to your loved ones even in your absence so they can continue to manage life expenses.
Maturity Benefit
Get sum assured on maturity + accrued simple reversionary bonus and terminal bonus, if declared at the end of the policy term
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.
Exclusions for Critical Illness benefit
No waiver of premium benefit will be payable if the Critical Illness is caused or aggravated directly or indirectly by any of the mentioned acts in Term & Conditions of the life insured unless those are beyond his / her control. Please refer complete Sales Brochure.
Waiting Period
A waiting period of 90 days from policy inception or from any subsequent revival, whichever is later, is applicable. If a claim occurs for the waiver of premium (WOP) benefit under Savings + Health Care option during the waiting period, the WOP cover terminates and future premiums shall be reduced to the premiums payable under Savings option for a similar contract.
This plan offers three Plan options Savings, Savings + Family Care and Savings + Health Care Option:
Savings option:This option offers a Lump sum benefit on death or maturity; wherein the Lump Sum Benefit is the sum of Basic Sum Assured, accrued Simple Reversionary Bonuses, if any and Terminal Bonus, if any.
Savings + Family Care option
In addition to the Savings Option Benefits all the future instalment premiums that would otherwise have been payable under the policy for the remainder premium payment term are not payable after the death of life assured of the policy and Maturity Benefit (including all bonuses) will be payable to the nominee.
Savings + Health Care Option: In addition to the Savings Option Benefits this option offers a Waiver of Premium (WOP) on occurrence of Critical Illness. All the future premiums are waived on occurrence of any one of the 35 listed Critical Illnesses. All other benefits (Death, Surrender and Maturity) will continue as is.
The Policy Holder shall have the option to choose the following bonus options at inception of the policy:
Option 1: Accumulation: Simple Reversionary Bonus, if any will accrue throughout the Policy Term and is paid as lumpsum on the Maturity Date or Death (except in Plan Option 2: Savings + Family Care), whichever is earlier. For Savings + Family Care Option, after Death of the Life Assured Simple Reversionary Bonus, if any shall be accrued and paid along with Maturity Benefit.
Option 2: Liquidity:
In the event of the unfortunate death of the Life Assured, provided that the policy is still in In-force status on the date of death, and if ‘Savings’ or ‘Savings + Health Care’ option is chosen, the nominee shall receive:Sum Assured on Death plus the accrued Simple Reversionary Bonuses, if any plus Terminal Bonus, if any, subject to a minimum of 105% of total premiums paid up to the date of death and the Policy shall terminate.
If ‘Savings + Family Care’ option is chosen, the nominee shall receive:
In case the Policy is in In-force status and all due instalment premiums have been received by us:
Maturity Benefit payable will be the sum of:
| Product specification | |||||||||||||||||||
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| Plan options | Option 1: Savings Option 2: Savings + Family Care Option 3: Savings + Health Care |
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| Bonus options | Option 1: Accumulation Option 2: Liquidity |
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| Minimum age at entry (Years)3 |
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| Maximum age at entry (Years) 3 |
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| Minimum age at maturity (Years) 3 |
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| Maximum age at maturity (Years) 3 |
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| Premium Payment Term (PPT) (Years) | 5, 7,10,12,15 and Regular pay | ||||||||||||||||||
| Policy Term (Years) |
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| Minimum Annualised Premium (Rs.) |
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| Maximum Annualised Premium (Rs.) | Basis the Basic Sum Assured accepted as per Board approved underwriting policy | ||||||||||||||||||
| Minimum Sum Assured (Rs.) | 2,20,000 | ||||||||||||||||||
| Maximum Sum Assured (Rs.) | As per Board approved underwriting policy | ||||||||||||||||||
| Premium Payment modes | Yearly / Half Yearly / Monthly | ||||||||||||||||||
4All reference to age is as on age last birthday. For policies issued to minor lives the risk cover starts immediately at inception. Also, in case the life assured is a minor, the policy will vest with the life assured when the life assured attains an age of 18 years.
You can purchase this plan offline in any of the following three ways:
Disclaimer:
Please refer to the sales literature for more details on the benefits
AD-F/2024-25/818
RELATED PRODUCTS
Rs. 930 Crores
Bonus declared for Participating Policies in FY’23-24
2.35 Lakh+
transactions completed on the khUshi chatbot.
99.20%
Claim settlement ratio for retail business
16500
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 claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. 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.
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