Each & ever one hopes to save the money in the Best possible way. The insurance Savings plans are a good choice to all. The PNBMetlife Offers the best savings plans. The PNB Metlife Savings plans provide financial security to your family even in your absence. So savings plans offered by MetLife ensure the safety not only to you but also to your loved ones. Let’s know about the PNB Metlife Savings Plans key features, benefits, buying process, eligibility & all details about it according to these plans.
PNB MetLife Savings Plans
The PNBMetlife offers the best insurance savings plans to you & your loved ones from uncertainties. These PNB MET LIFE Saving plan not only provide safety to you & you’s family in additions to it offers tax benefits. Saving is one of the crucial steps in your financial planning. So You have to understand what are the pros & cons before going to buy a new plan. This article helps you in choosing the Best Savings plans that framed by PNBMetlife.
Why have we to choose PNBMetlife Savings plans?
The PNBMetlife is one of the reputed & trusted company in Insurance sector. It is regulated by IRDA. So everyone shows interest to take PNB Met life plans. PNB MetLife provides 6 saving plans. Those are Money Back, Bachat yojana, Guaranteed savings plan, Guaranteed income plan, Bhavishya & Endowment Savings plans. These MetLife savings plans are framed with different key benefits & features. Metlife saving plans provide security & safety from various risks. So it is better to take Insurance to reduce the loss of uncertainty. It is very easy to buy PNB Metlife Savings plans online. PNB Metlife saving plans offers attractive benefits. PNB life insurance provides these policies according to their customer needs. So You have to check the all the details of each policy before going to take the required plan.
PNBMetlife Saving Plan Features
PNB Metlife Savings Plans Main key features are listed below.
- Guaranteed returns & bonus on the sum assured.
- Create the Second Income.
- Provide Financial Safty to you & your Family.
- Ensure the safety to children feature.
Benefits of PNBmet life Savings Plan
The PNB MetLife offers various benefits like Death, tax, maturity, Survival, Guaranteed Additions, Guaranteed Income Benefit, Pay as you like & so on. Some of the common benefits of Pnbmetlife as follows
Death Benefits
The Beneficiary will receive the death benefit after your death.
Maturity Benefits
On survival of the Life Assured until the end of the policy, the Maturity Benefit will be payable.
Survival Benefits
The survival benefits will be given to the customer at the fixed time intervals according to fixed percentage like 5%, 10%, 70% &, etc. on the sum assured.
Tax Benefit
The PNBmetlife savings plan policyholder is eligible for tax benefit under the section 80 C & 10 10(D).
PNBMetLife Saving Plans List
The PNB Met Life Offers 6 Best Saving plans. These plans have different features & benefits according to various factors. The list of PNB Met Life Saving insurance plans as follows
- Money Back Plan
- Bachat yojana savings plan.
- Guaranteed savings plan
- Guaranteed income plan
- Bhavishya plus Plan
- Endowment plan
PNB Met life Money Back Plan
The Money back plan is one of the plans in PNB met Life Savings plans. It is short term plan. You can pay for ten years only. PNBMetLife Money Back Plan provides guaranteed money back at regular time intervals along with Protection & Safety. The UIN Number is 117N083V02.
Eligibility details
|
Particulars |
Boundary Conditions |
| Premium Payment Term | Regular |
| Minimum Age at entry level | 13 Years |
| Maximum Age at entry level | 55 Years |
| Maximum Age at maturity time | 65 Years |
| Policy Term | 10 Years only |
| Minimum Sum Assured | Rs. 250,000/- |
| Maximum Sum Assured | Rs. 5 Crore/- |
- The survival benefit (10% of Sum Assured) will be payable from 5th to 9th years in policy term
- 110% of Sum Assured will get by the customer over the policy term.
- Death benefits will be received despite of paid survival benefits.
- Applicable for tax Benefit under the section 80C & 10(10D).
Benefits:
- Death Benefits.
- Maturity Benefits.
- Survival Benefits.
- 10% of Sum Assured will get at the end of 5th, 6th, 7th, 8th, 9th years.
- 60% of Base Sum Assured will be payable at 10th year ending.
PNB Met life Money Back Plan brochure
Pnbmetlife Bachat Yojana Savings Plan
The PNB Met Life Bachat Yojana plan Offers a Lump Sum benefit at the time of maturity in addition to guaranteed additions on progressive premiums. The UIN Number is 117N088V02. This the best savings plan in Pub Met life to fulfil your big dreams.
Eligibility details
| Premium Payment Type | 5 Pay | 7 Pay | 10 Pay |
| Premium Payment Term in years | 5 | 7 | 10 |
| Policy Term in years | 10 | 15 | 20 |
| Min Age at entry level in years | 8 | 3 | 3 |
| Max Age at entry level in years | 60 | 60 | 60 |
| Max age at maturity level in years | 70 | 75 | 80 |
| Min Annual Premium in Rs | 46,480 | 21,068 | 14,178 |
| Max Annual Premium in Rs | As per Board approved underwriting policy | As per Board approved underwriting policy |
As per Board approved underwriting policy |
| Min Sum Assured (Rs) | 4,00,000 | 2,00,000 | 1,50,000 |
| Max Sum Assured (Rs) | As per Board approved underwriting policy |
As per Board approved underwriting policy |
As per Board approved underwriting policy |
| Premium payment methods | Yearly / Half yearly / monthly | Yearly / Half yearly / monthly | Yearly / Half yearly / monthly |
Some other Eligibility conditions for PNBMETLIFE Bachat Yojana savings plan
| Multiple of Premium | Age at entry | Applicable multiple |
| Multiple of Premium | 45 years & above | 10x / 7x |
| Multiple of Premium | Less than 45 years | 10x |
Features
- You can get Secure future due to guaranteed returns on cumulative premium.
- Offers security to you children higher education by providing guaranteed maturity benefit.
- Provides Security to your’s family future with life coverage for entire policy term.
Benefits
- Maturity Benefit
- Death benefit
- Sum Assured on Maturity
Guaranteed Additions
Guaranteed Additions = Guaranteed Addition rate X Sum of all premiums received till date
- 5 Pay – 5% of cumulative premiums
- 7 Pay – 7% of cumulative premiums
- 10 Pay – 10% of cumulative premiums
Pnbmetlife Bachat Yojana Savings Plan
PNB Met Life Guaranteed Income Plan
The PNBMet life Guaranteed Income Savins Plan offers a lump sum maturity benefit as well as Guaranteed regular income. It is useful for achieving the big dreams & small events. The PNB met life-saving plan of guaranteed income plan gives lifetime coverage to the policyholder. The UIN Number is 117N097V01.
| Premium Payment Type | 5 Pay | 7 Pay | 10 Pay |
| Premium Payment Term in years | 5 | 7 | 10 |
| Policy Term in years | 10 | 15 | 20 |
| Min Age at entry in years | 8 | 3 | 3 |
| Max Age at entry in years | 60 | 60 | 60 |
| Max age at maturity in years | 70 | 75 | 80 |
| Min Annual Premium in Rs | 52,900 | 23,864 | 16,666 |
| Max Annual Premium in Rs | As per Board approved underwriting policy |
As per Board the approved under writing policy |
As per Board approved underwriting policy |
| Min Sum Assured in Rs | 4,00,000 | 2,00,000 | 1,50,000 |
| Max Sum Assured in Rs | As per Board approved underwriting policy |
As per Board the approved under writing policy |
As per Board approved underwriting policy |
| Premium payment modes | Yearly/Half yearly/monthly | Yearly/Half yearly/monthly | Yearly/Half yearly/monthly |
Some Other Eligibility conditions
| Multiple of Premium | Age at entry | Applicable multiple |
| Multiple of Premium | 45 years & above | 10x / 7x |
| Multiple of Premium | Less than 45 years | 10x |
Features
- Maturity Lump sum will be useful to Plan your big goals
- Offers Security family’s future
- It gave financial security to your’s children education.
- Regular income is useful as a second income to support your family
Benefits:
- Death benefit
- Survival Benefits
- Pay as you like: it means policyholder can pay the policy premiums for 5, 7 or 10 years.
- Guaranteed Income Benefit: The Guaranteed income is fixed as 11% to 13% on Sum Assured. It will be paid based on on your Premium Payment Term.
PNB Met Life Guaranteed Income Plan broucher
PNB MetLife Guaranteed Savings Plan
The PNB MetLife Guaranteed Savings Plan you fulfil your big dreams by providing lump sum benefit at maturity time with guaranteed additions on cumulative premiums.
Eligibility conditions
| Premium Payment Type | 5 Pay | 7 Pay | 10 Pay |
| Premium Payment Term (years) | 5 | 7 | 10 |
| Policy Term (years) | 10 | 15 | 20 |
| Minimum Age* at entry(years) | 8 | 3 | 3 |
| Maximum Age* at entry (years) | 60 | 60 | 60 |
| Maximum age* at maturity (years) | 70 | 75 | 80 |
| Minimum Annual Premium (Rs) | 46,480 | 21,068 | 14,178 |
- Secure your future with guaranteed returns on cumulative premiums.
- Create a corpus to fulfil short term to long term goals as per your choice.
- Guarantee your child’s higher education with guaranteed benefits at maturity.
- Secure your family’s future with life cover for entire policy term.
Benefits
- Maturity Benefit
- Death Benefit
- Sum Assured on Maturity
- Guaranteed Additions
PNB MetLife Guaranteed Savings Plan brochure
MetLife Bhavishya Plus
The PNB Met Life Bhavishya Plus is the Best plan in PNB Met Life savings plan since it having attractive benefits among all other plans. The UIN Number is 117N089V02. Policyholder received a Triple Benefit in Met life Bhavishya Plus Plan. The eligibility, key benefits & features are discussed below.
Eligibility Details
| Particulars | Boundary Conditions |
| Min. ages at entry | 20 years |
| Max. Ages at entry* | 45 years |
| Maximum age at maturity* | 69 years |
| Min. Premium | Yearly: 8,000 p.A Half Yearly: 10,000 p.a Monthly : 15,000 p.a |
| Max. premium | Rs 17,999 p.a |
| Premium Payment Term | Regular |
| Min Policy Term in years | 12 |
| Max Policy Term in years | 24 |
| Min Sum Assured | Rs. 92,320 (Based on lowest Sum Assured multiple allowed under the plan) |
| Max Sum Assured | Rs. 500,000 |
- Offers guaranteed income to your family for long term needs
- Waiver of Premium is the main benefit in this policy. It Means the policy will continue in case of any unfortunate eventuality after the death benefit paid.
Benefits:
Ensure Long term Financial Support to your family
- A guaranteed amount of 20% of Sum Assured will be paid at the end of Policy year, in the last 3 years before the maturity time.
- On time maturity policy pays a guaranteed income of 40% on Base Sum Assured plus & earned bonuses, if any.
Bonus
- The Bonus will be added to your policy after 3 years and till the policy term.
- The Annual Premium will be multiplied with a fixed Multiplier factor is the Base Sum Assured.
Ensure financial security of your child
The Triple benefits will be payable to the beneficiary after the death in this PNB Metlife Savings Plans.
PNB MetLife Endowment Savings Plan details
PNB MetLife Endowment Savings Plan helps to increase not only your savings but also provide death coverage. It is a regular savings plan. The UIN Number is 117N083V02. The PNB met life endowment plan offers the flexibility of choosing the Policy Premium & policy term in between 10 years to 30 years. It is a long term PNB Metlife Savings Plans.
| Particulars | Boundary Conditions |
| Min age at entry in years | 20 |
| Max age at entry level in years | 60 |
| Max age at Maturity time | 75 years |
| Mode of Premium | Regular Pay (Rs.) | Limited Pay 10 Years (Rs.) | Limited Pay 5 Years (Rs.) |
| Yearly | 15,000 | 24,000 | 30,000 |
| Half-Yearly | 12,000 | 12,000 | 15,000 |
| Quarterly | 6,000 | 6,000 | 7,500 |
| Monthly/PSP | 2,500 | 2,500 | 5,000 |
| Premium Payment Term Options | Limited Pay 5 years | Limited Pay 10 Years | Regular Pay |
| Min Policy Term | 10 years | 15 years | 10 years |
| Max Policy Term | 20 years | 25 years | 30 years |
| Minimum Sum Assured | Rs. 164,000 | Rs. 257,000 | Rs. 145,000 |
| Maximum Sum Assured | Rs. 5 Crore | Rs. five Crore | Rs. 5 Crore |
Features
- You can choose premium Amount & premium term.
- Double benefits on your investment with insurance coverage.
Benefits
- Death Maturity.
- Maturity Benefit.
- Simple Reversionary Bonus & Terminal Bonus: The Bonus will be added to your policy from 3rd year to till the policy term.
PNB MetLife Endowment Savings Plan
PNB Metlife Savings Plans Premium Calculator
You can calculate the Minimum Premium that has to be Paid to take the Policy By Using the PNB Met Life Savings Plan Premium Calculator. The Amount of Premium Paid will depend on the Sum Assured, Policy Term, Premium Payment Modes and Age of the Life Assured. You need to enter Some Basic Information like Name, Mail Id, Mobile Number, Age, Policy Term, and Minimum Sum Assured to calculate the Premium Value.
Metlife Savings Plan Buying Process
From all the above mentioned PNB met life Savings plans, you can buy the required policy at the PNB Met life Insurance Branch Office or contact the agent of PNB Insurance company. To buy a PNBMETLIFE Saving Plan, a proposal form/application form is required. Some policies have the facility to buy through online. The documents that are required to buy PNB Metlife Savings Plans and Investment plans are,
- Application form/ Proposal form along with a photo.
- Address Proof.
- Age Proof.
- Medical reports (If required).
How to claim a PNB Metlife Saving Plan?
On Death of the policyholder during the policy term or on maturity, the nominee/policyholder can claim for the benefit. To claim any of the Pnb Metlife Savings and Investment plans, you need to visit the branch office if there is no online facility. Documents required for claiming a PNB Metlife Savings 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 Metlife Savings 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 Savings Plans has a grace period of 30 days. Assured candidate can pay the premium within this Grace Period.
Revival Period:
If the Policyholder doesn’t pay the premium within the grace period, then the Policy will be a lapse. A lapsed Term Plan will be revived within the two consecutive years from the date of first unpaid premium. You can revive your policy before the expiry period of Policy term.
Surrender Value:
If the insured candidate wants to return the policy within the Minimum Policy Term, surrender value will the paid to the policyholder.
Free Look Period:
If you are not Satisfied with the Terms and Conditions of the Policy, you can Return your Policy before Completion of Free-look Period.
Policy Lapse: If you have not paid the premiums for the first three full years and also within the grace period, then your policy will close / lapse. In this case, there are no benefits will be payable.