PNB Met Life Wealth Plans information is provided below. The plans offered by PNB are Metlife Mera Wealth plan, Smart platinum, Easy Super plan, Smart One. Check the brief details of Wealth plans here.
PNB Met Life Wealth Plans
PNB Metlife Insurance company primary approach is to Corporate social responsibilities like Community needs etc. and support the cause of children education and underprivileged children Development. For this PNB Met life provides various plans to its customers. One need to secure their family from the financial crisis to lead a happy life. So, we need to invest our money to live tension freely. Therefore PNB Met life provides some plans that may help policyholders from any uncertainties. By this PNB Metlife offers safe and secure future.
PNB Metlife Wealth plans are the better solution to support your loved ones even at financial situations in case of unfortunate/ sudden death of insured. Hence the interested life assured can buy Wealth plans at affordable prices. For more information about the offered wealth plans of PNB Met life follow the details in which explained individually.
PNB Met Life Insurance Wealth Plans Details
PNB Met life provides various plans. The list of PNB Met Life Insurance Wealth plans are as follows:
- Mera Wealth Plan.
- Smart Platinum Plan.
- Easy Super Plan.
- Smart One Plan.
PNB MetLife Mera Wealth Plan
The PNB Life Insurance Mera wealth plan is a Unit Linked, Non-Participating, Insurance Plan. PNB Life Insurance offered four plans for Policyholders. The Mera Wealth plan is one among the PNB Met Life Wealth Plans category. The unique identification number of Metlife Mera Wealth Plan is 117L098V01. Furthermore, information about key features, Benefits, and Eligibility Conditions of Mera Wealth Plan are given below.
Key Features of Metlife Mera Wealth Plan
- Create your own wealth plan.
- Enhance your investments.
- Protect your loved ones.
Benefits of Metlife Mera Wealth Plan
- Pay as you like.
- Death Benefit.
- Loyalty Additions.
- Create your own wealth plan.
- Maturity Benefit.
Pay as you like
In this select the duration of the payment of premiums like either Single pay, 5 pay, 10 pay or Regular pay. Also, choose between Premier or Online plans.
Death Benefit
If there is an unfortunate death of the insured, the policy as on the date of death the monies are in continued policy fund. The nominee will receive will death benefit as shown in the following:
- Fund value.
- Sum assured less partial withdrawals.
- 105% of total premiums paid excluding service tax.
Sum Assured= Multiple * Annualised Premium (or Single Premium, as applicable).
For Multiple the Single Pay of 1.25 and
Other pay options: 10 or (0.5 * chosen policy term) whichever is higher.
Loyalty Additions
The Loyalty Additions every year from the end of 6th policy year till the maturity for both premier and online options provided your policy is in force with all due premiums paid till date.
Create your Own Wealth Plan
Select the investment option of your choice from either Self-Managed Option or Systematic Transfer Option.
- Self-Managed Option
- Systematic Transfer Option
Maturity Benefit
If the life assured survived till the end of the policy term, and all due premiums are paid, then the death maturity benefit which is equal to total fund value as on maturity date is payable.
Eligibility Criteria for PNB Met Life Wealth Plans
| Plan Parameters Premium Payment Types | Single Pay | 5 Pay | 10 Pay | Regular Pay |
| Premium Payment Term (years) | Single premium | 5 | 10 | Almost same as Policy term |
| Minimum Policy Term (years) | 10 | 10 | 11 | 10 |
| Maximum Policy Term (years) | 20 | 20 | 30 | 30 |
| Minimum Age at entry (years)* |
0 (30 Days) | 0 (30 Days) | 0 (30 Days) | 0 (30 Days) |
| Maximum Age at entry (years)* |
60 | 54 | 60 (policy term<=25 years), 55 (policy term>25 years) |
60 |
| Minimum age at maturity (years)* |
18 years | 18 years | 18 years | 18 years |
| Maximum age at maturity (years)* |
80 | 74 | 80 | 80 |
| Minimum Annualized Premium (Rs) (PREMIER) |
100,000 | 100,000 | 24,000 | 24,000 |
| Minimum Annualized Premium (Rs) (ONLINE) |
100,000 | 30,000 | 24,000 | 24,000 |
Furthermore, information about PNB Met life Plans, check the brochure link provided below
Click here for PNB MetLife Mera Wealth Plan details
PNB MetLife Smart Platinum Plan Details
PNB Met Life Smart Platinum is Unit Linked Life Insurance Plan. This plan is customised to match life assured ever changing financial needs. This Life plan offers flexibility in payment of short premium commitments along with the multitude of other benefits. The unique identification number of Metlife Smart Platinum Plan is 117L066V02. Furthermore, information about PNB Met Life Wealth Plans key features, Benefits, and Eligibility Conditions of Smart Platinum Plan are given below.
Key Features of Metlife Smart Platinum Plan
- Flexible premium payment options.
- Auto-rebalance Investment portfolio.
- Option to change sum assured.
Benefits of Metlife Smart Platinum Plan
- Death Benefit.
- Maturity Benefit.
Death Benefit
When unfortunate event of mortality before the maturity, while the policy in force, then the nominee will get the following benefits
- If the death of the life assured occurs before the age of 60:
- Base Fund Value in which the value of units exists the Base Premium Account, or
- Base Sum Assured less all Partial Withdrawals, made within the last 24 months before the date of death, or.
- 105% of the total regular or limited Premiums paid.
- If the death of insured occurs on or after the age of 60:
- The Base Fund Value in which the value of units in the Base Premium Account, or.
- Base Sum Assured less all Partial Withdrawals made within last 24 months before death or all Partial Withdrawals made after or whichever is higher the age 60.
- 105% of the total regular or limited premiums paid.
Maturity Benefit
If the insured individual attains the age of 99 years, then the policy matures at the start of the plan year. The maturity benefits equal to Total fund value determined using net asset value on Maturity Date.
Eligibility Criteria of Smart Platinum Plan
| Plan Parameters | Minumum | Maximum |
| Age at Entry(LBD) | 7 years | 70 years |
| Premium Payment Term (years) | 5 pay/ 10pay/ entire term of the policy | |
| Annualised Premium (in Rupees) | Rs 30,000 for Annual mode Rs 60,000 for other modes |
|
| Multiple for Base Sum Assured | Minimum and Maximum Sum Assured multiple tables | |
| Premium Payment Modes | Annual, Semi-Annual, Monthly, Quarterly | |
Furthermore, information about PNB Met life Smart Platinum Plans, check the brochure link provided below
Click here for PNB MetLife Smart Platinum Plan Details
PNB MetLife Easy Super Plan Details
The MetLife Easy Super is Unit-Linked Life Insurance plan (Non-participating) which is an Easy protection, Superwealth creation plan. The security and need of wealth creation for the insured family should work together in their life. Hence PNB Metlife brings the Easy, super plan. The unique identification number of Metlife Easy Super Plan is 117L069V02. Furthermore, information about PNB Met Life Wealth Plans key features, Benefits, and Eligibility Conditions of Easy Super Plan are given below.
Key Features of Metlife Easy Super Plan
- Reasonable annual premium.
- Auto-rebalance investment portfolio.
- Life coverage.
Benefits of Metlife Easy Super Plan
- Death Benefit.
- Maturity Benefit.
Death Benefit
In the Unfortunate event of death, before mature date, the nominee will receive the following benefits
- If death of life assured occurs before the age of 60:
- The Fund Value which is the value of units in the Regular Premium Account, or,
- Sum Assured less all Partial Withdrawals made within the last 24 months before the death.
- 105% of the Total Regular Premiums paid, according to partial withdrawal within last 24 months before death.
- If death of insured occurs on or after the age of 60:
- The Fund Value which is to the value of units pertains to regular Premium Account, or
- Sum Assured less all Partial Withdrawals made within the last 24 months before death or all Partial Withdrawals made after the age 60, whichever is higher.
- 105% of the Total Regular premiums paid within the last 24 months before the death or attainment of age 60.
Maturity Benefit
The fund value is received as on the Maturity date. On the maturity date, the life assured can choose the settlement options to claim for Maturity benefit. Either through Total withdrawal of the total fund value or withdrawal at regular intervals or by the combination of part lump sum and regular withdrawal.
Eligibility Criteria of Easy Super Plan
| Plans Parameters | Minimum Eligibility | Maximum Eligibility |
| Age at entry | 18 years | 60 years for 15 policy term & 55 years for 20-year policy term |
| Premium Payment Term (years) | Entire term of the policy | |
| Annualised Premium | Rs. 12,000 p.a. | Rs. 120,000 p.a. |
| Policy Term | 15 years and 20 years | |
| Sum Assured | 10 times the chosen Annualised Premium | |
| Premium Payment modes | Annual | |
Furthermore, information about PNB Met life Easy Super Plans, check the brochure link provided below
Click here for PNB MetLife Easy Super Plan Details
PNB MetLife Smart One Plan Details
The MetLife Smart One is Unit Linked Life Insurance Plan (Non-Par) which is investment cum protection single premium plan with various management options. It facilitates accelerated creation with Loyalty additions and one among PNB Met Life Wealth Plans. Hence PNB Metlife brings the Smart One plan. The unique identification number of Metlife Smart One Plan is 117L068V02. Furthermore, information about key features, Benefits, and Eligibility Conditions of Smart One Plan are given below.
Key Features of Metlife Smart One Plan
- Stop Loss Option to protect from market downswings.
- Liquidity with partial withdrawals.
- Tax Benefits
Benefits of Metlife Smart One Plan
- Death Benefit.
- Maturity Benefit.
Death Benefit
In the unfortunate event of demise, and before the maturity date. The Nominee will get the following benefits:
- If the death of the Insured occurs before the age 60:
- The Single Premium Fund Value which is the units about Base Premium Account, or,
- The Base Sum Assured, less all Partial Withdrawals, made according to the Partial Withdrawal provisions within the last 24 months before the date of death of the Policy Holder.
- 105% of the total Single Premium paid.
- If the death of the Life Assured occurs on or after the attainment of age 60:
- The Single Premium Fund Value which is the units of Base Premium Account or,
- Base Sum Assured less all Partial Withdrawals made according to the Partial Withdrawal provisions, during the last 24 months immediately before the date of death or with the Partial Withdrawal provisions post attainment of age 60.
- 105% of the Single Premium paid.
Maturity Benefit
The total fund value received on the maturity date of the policy. The insured can opt the settlement option. The policyholder can choose either Total fund value in instalments within five years or take the outstanding fund value at settlement period etc.
Eligibility Criteria of Smart One Plan
| Plan Parameters | Minimum Conditions | Maximum Conditions |
| Ages at entry (LBD) | 0 years (3 months) | 65 years |
| Age at Maturity | 18/ 75 years | 18/ 75 years |
| Policy Term | 10-20 years | |
| Premium | 18,000 | 500,000 |
| Sum Assured Multiple | 5 times of single premium in the First Policy Year & 1.25 times of single premium for the remaining term of the Policy | |
| Premium Payment Modes | Single | |
Furthermore, information about PNB Met life Smart One Plans, check the brochure link provided below
Click here for PNB MetLife Smart One Plan Details
PNB Met Life Premium Calculator
There is need of some data to calculate the premium and Maturity Benefit for Wealth & Protection Plans. Therefore the general data required for the PNB Met Life Wealth Plans insurance Wealth Plans Premium Calculator is
- Name of the Policyholder.
- Email Id.
- Mobile Number.
- Age Proof.
- Policy Term.
- Sum Assured.
How to Buy PNB Met life Wealth Policy?
During the case of Death or Disability occurred due to the Sudden Accident of the life assured in the period of Policy Term or when Policy Maturity Period completed. Then the Policyholder/ Nominee can apply for Claim. The insured can visit the nearest PNB Metlife Branch Office to buy the Proposal form Or through the online to purchase the Policy or by Agent.
Documents needed for PNB Metlife Wealth Plan
- Application form/ Proposal form along with a photo.
- Address Proof.
- Age Proof.
- Medical reports (If required).
Claim Procedure for PNB Met Life Wealth Insurance Plan
Nominees can claim for the Wealth Plan after the death of the policyholder or after the successful completion of the premium. The documents required to claim for the PNB Met Life Wealth Plans are
- Original Policy Document.
- Proof of title.
- Death Proof.
- Medical treatment documents before death.
- Age proof.
- Additional documents in case of death occurred due to unnatural or accidental death.
Additional Information on PNB Met Life Wealth Plans.
Grace Period:
If the Policyholder doesn’t pay the premium within the time, the company will extend the time to pay the premium is a Grace period. PNB Met Life Wealth Plans has a grace period of 30 days. Assured candidate can pay the premium within this Grace Period.
Revival Period:
If the Life Assured doesn’t pay the premium within the Grace Period, then the Policy will lapse. A lapsed Term Plan will be revived within the two consecutive years from the date of first unpaid premium. This Term plan will be revived before the expiry period of Policy term.
Surrender Value:
If the insured candidate wants to return the policy within the Minimum Policy Term, then the surrender value will be paid to the Policyholder.
Free Look Period:
If you are not satisfied with the Terms and Conditions of the Policy, you can return the PNB Met Life Wealth Plans within the 15 days from the Date of receipt of the Policy.
Policy Lapse:
If the policyholder doesn’t pay the premium within the grace period for the first three full years, the policy will lapse. In this case, there are no benefits will be payable under this lapsed policy.