PNB MetLIfe ULIP Plans
Since its inception, PNB MetLife has issued over 100 million policies. With its affordable and easy-to-understand policies, the company is trying to make insurance simple and accessible for people from all walks of life.
PNB MetLife Insurance has also launched various ULIPs in the market that are helping customers achieve their financial goals. PNB MetLife ULIPs, Unit-Linked Insurance Plans, have been formulated to give the customers the two-fold benefits of insurance and market-linked investments. While offering a lot of flexibility, these plans help in making systematic investments that further assist in building a corpus.
Features of PNB MetLife ULIP Plans
| Name Of Plan | Entry Age | Policy Term |
| PNB MetLife Smart Platinum Plus Plan | Wealth Option- Minimum: 30 days Maximum: 70 years
Wealth+Care Option Minimum: 18 years Maximum: 65 years | Option 1: 80 - Entry Age Option 2: 99 - Entry Age |
| PNB MetLife Mera Wealth Plan | Minimum: 30 days Maximum: 60 years (Depends on the selected Plan Option) | 10 years, 11 years, 20 years and 30 years |
| PNB MetLife Smart Platinum Plan | Minimum: 7 years Maximum: 70 years | Minimum: 5 years Maximum: Depends on the option selected |
Benefits of Buying PNB MetLife ULIP Plans
- Two-Fold Benefit
When you invest in ULIPs, one part of your premium goes towards insurance and the other goes towards market-linked investment. In this way, you can enjoy the best of both worlds. - Balance Your Investments
As an investor, you have the opportunity to balance out your investment. You can invest in equities or debt funds on the basis of your investment portfolio. - Invest for Long
By contributing small amounts over a period of time, your ULIPs let you generate wealth. So, as per your goal, you can invest and build a corpus. - Partial Withdrawals
Once the 5-year lock period is completed, PNB MetLife ULIPs give you the option of making partial withdrawals. In future, if you are ever in need of money, you can make a withdrawal from your funds. The ULIPs thus give you a sense of confidence and safety. - Tax Benefits
Another advantage of investing in PNB MetLife ULIPs is that you can avail of tax benefits. The premiums up to INR 1.5 lakhs are exempted under Section 80(C). The maturity/ death benefit amount received is also tax-free under Section 10(10D) of the Income Tax Act, 1961. - Freedom to Switch
With every PNB MetLife ULIP, you get to invest in investment funds that offer different kinds of returns. You also have the choice to switch between different funds. This flexibility makes the plan all the more customisable.
Most Popular PNB MetLife ULIP Plans
- PNB MetLife Smart Platinum Plus Plan
This is an individual, unit-linked, non-participating life insurance plan, which provides whole life protection along with savings-oriented investment. At the end of the sixth year, you would be eligible for ‘Return of Fund Management Charge’, and at the end of the tenth year, you would receive a Fund Booster. The 2 plan options include-Wealth Option which offers Whole Life Cover and Wealth+Care Option that offers protection in case of diagnosis of the 5 listed illnesses. - PNB MetLife Mera Wealth Plan
PNB MetLife Mera Health Plan is a unit-linked wealth-cum-saving plan. The plan comes with 2 plan options-Premier and Online. With this policy, you can strategize your future plans and start working towards them right away. Along with a better future, you provide your loved ones with financial security as well. You also receive loyalty additions after the sixth policy anniversary and a life cover for the entire term. - PNB MetLife Smart Platinum Plan
This individual unit-linked life insurance plan gives you the freedom to build your own investment portfolio. The plan would offer a life cover till the age of 99 years while giving you the option to select a policy term of 5 years, 10 years or for life. You have the option to select from 6 different funds. The plan also allows you to change the sum assured.
Insight on PNB MetLife ULIP Plans
PNB MetLife ULIP Plans offer you the dual benefits of investment as well as insurance under a single plan. The insurance cover helps you in safeguarding your loved ones in case of your unfortunate death. Through the
small amounts of money that you invest systematically, it becomes a large corpus which you can use for any big goal, such as buying a house, planning your child’s education, saving for your post-retirement etc.
The plans thus, provide you with customised solutions that help you in achieving your long-term goals.
So, if you or someone you know is looking for a suitable ULIP, PNB MetLife ULIPs are surely worth considering.
PNB MetLife ULIP Plans FAQs
1. What payment options are available with PNB MetLife Mera Wealth Plan?
You can pay through- Single Pay, 5 Pay, 10 Pay, Regular Pay.
2. What is the Annualised premium in PNB MetLife Smart Platinum Plus Plan?
The premium is as follows:
a. Monthly: INR 1.2 lakhs
b. Half-Yearly: INR 60,000
c. Yearly: INR 48,000
d. Single Pay: INR 1.5 lakhs
3. What maturity benefit can I avail of under PNB MetLife Smart Platinum Plan?
Under the PNB MetLife Smart Platinum Plan, you will receive the maturity benefit when you, the insured, turn 99 years old. The amount that you receive would be equal to the Total Fund Value collected during the policy.
4. What are the premium payment modes in the PNB MetLife Smart Platinum Plan?
You can pay the premium on an annual, semi-annual, monthly or quarterly basis.