Individual, Unit-Linked, Non-Participating, Savings Life Insurance plan | UIN: 117L136V01
Presenting PNB MetLife Term with Unit Linked Insurance Plan (TULIP) with high sum assured plan offering life insurance coverage along with robust savings. It provides a robust financial safety net for your loved ones, ensuring their financial security in case of unforeseen events. Additionally, plan offers the potential for significant long-term wealth growth through our diverse portfolio of funds that have been consistently performing over the last two decades
What you don’t get:
In case of death due to suicide within 12 months from the date of commencement of Risk or from the date of revival of the policy, as applicable, the nominee or beneficiary shall be entitled to the Fund Value, as available on the date of intimation of death. Further any charges other than Fund Management Charges (FMC) recovered subsequent to the date of death shall be added back to the fund value as available on the date of intimation of death.
Return of Charges
Return of Premium Allocation Charge*
Return of Mortality Charge*
Create your own wealth plan through a choice of fund management strategy
| Parameters | Minimum | Maximum |
|---|---|---|
| Entry Age# (Yrs) | 18 | 65 |
| Maturity Age# (Yrs) | 33 | 85 |
| Premium paying term (Yrs) | 5,6 and 10 | |
| Policy term (Yrs) | 15 and 20 | |
| Premium (Yrs) | Annualized - 36,000 |
No Limit (subject to Board Approved Underwriting Policy) |
#All references to age are as on age last birthday
^Monthly mode is available for Standing instruction/direct debit options (including Electronic Clearing System (ECS), and Automated Clearing House (ACH))
| Age at entry/ PPT-PT combination | Death Benefit Sum Assured Multiple | ||||||
|---|---|---|---|---|---|---|---|
| Minimum | Maximum | ||||||
| 5-15 | 5-20 | 6-15 | 6-20 | 10-15 | 10-20 | ||
| 18 to 30 | 7 | 50 | 50 | 50 | 50 | 50 | 50 |
| 31 to 40 | 7 | 35 | 35 | 35 | 35 | 35 | 35 |
| 41 to 45 | 7 | 25 | 25 | 25 | 25 | 25 | 25 |
| 46 to 49 | 7 | 20 | 15 | 25 | 20 | 25 | 20 |
| 50 | 5 | 20 | 15 | 25 | 20 | 25 | 20 |
| 51 to 55 | 5 | 15 | 10 | 20 | 15 | 20 | 15 |
| 56 to 60 | 5 | 10 | 7 | 15 | 7 | 15 | 7 |
| 61 to 65 | 5 | 7 | 7 | 10 | 7 | 10 | 7 |
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:
Higher of:
Where Sum assured is defined as Sum assured cover multiple multiplied with Annualized premium
Total premium received/ Total premium paid means total of all the premiums received under the base product
Annualized premium is the premium amount payable in a year excluding taxes, rider premiums and underwriting extra premium on riders, if any.
The Maturity benefit is the amount payable to the Life assured on maturity of the policy at the end of the Policy term. It is equal to the Total fund value in the unit account determined using the net asset value on the maturity.
Return of Premium Allocation Charge:
| Policy term (in years) | Return of Premium Allocation Charges |
|---|---|
| 15 | 200% of the total Premium Allocation Charge (excluding taxes) will be added to the Fund value at Maturity |
| 20 | 200% of the total Premium Allocation Charge (excluding taxes) will be added at the end of 15th policy year |
| 500% of the total Premium Allocation Charge (excluding taxes) will be added to the Fund value at Maturity |
Return of Mortality Charge:
The Mortality charge (excluding taxes) deducted during the policy term will be added to the fund value at maturity. ROMC will be added for In Force policies only and will be subject to all due installment premiums being received in full.
Disclaimer:
PNB MetLife Term with Unit Linked Insurance Plan Individual, Unit-Linked, Non-Participating, Savings Life Insurance plan UIN: 117L136V01
The unit linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in unit linked insurance products completely or partially till the end of the fifth year. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. PNB MetLife India Insurance Company Limited is only the name of the Life Insurance Company and PNB MetLife Term with Unit Linked Insurance Plan is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The policyholder can know the value of policy wise units as per the FORM D02 through a secured login on the PNB MetLife website (www.pnbmetlife.com)
Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject from time to time.
For more details on risk factors, terms and conditions, please read the sales brochure before concluding any sale. For Further details on all the conditions exclusions related to product, please contact our insurance advisors.
1Higher Life Cover up to 50 times, Sum Assured multiple varies with Age at entry, Premium payment term and Policy term combination.
*ROPAC and ROMC will be paid if all the due premiums are paid, and policy is in force.
AD-F/2024-25/1220
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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