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MGFP Brochure V05

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Upgrading lives through our CSR initiatives

that focus on women empowerment and


environmental conservation.
If you have a Goal,
A CSR INITIATIVE BY
we have a plan to Guarantee it
PNB MetLife

Child Education Health and


Hygiene Awareness
Guaranteed Future Plan
Supporting the education of
underprivileged girls in UP Supporting tribal adolescent An Individual, Non-linked, Non-Participating, Savings, Scan the QR code

and Punjab girls in West Bengal Life Insurance Plan.


to get a call back

Financial Independence Environmental Sustainability


for Women
Planting 40,000 trees by 2024 in
Supporting the vocational training Uttrakhand, Karnataka, Maharashtra
of rural women in Uttar Pradesh and Delhi NCR

@PNBMetLife @pnb_metlife @PNBMetLife1 @PNB MetLife India Insurance Co. Ltd @PNB MetLife

PNB MetLife India Insurance Company Limited, Registered o ce address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers,
26/27 M G Road, Bangalore - 560001, Karnataka. IRDAI Registration number 117. CIN no. U66010KA2001PLC028883. PNB MetLife
Guaranteed Future Plan is an Individual, Non-linked, Non-Participating, Savings, Life insurance plan (UIN: 117N124V05). Please consult
your advisor for more details. Please read this Sales brochure carefully before concluding any sale. Please consult your tax consultant for
more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time. The KEY FEATURES
marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively.
PNB MetLife India Insurance Company Limited is a licensed user of these marks. Call us Toll-free at 1-800-425-6969. Phone:
080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex-1, Techniplex Flexibility to opt for Life cover throughout
Guaranteed1 Tax Saving2
Complex, o Veer Savarkar Flyover, Goregaon (West), Mumbai - 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203. Guaranteed payout as policy term to protect
Benefits Benefit
AD-F/2022-23/186. lumpsum or regular income your loved ones

1
Terms and conditions apply
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
2

more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
PNB MetLife
KEY BENEFITS
Guaranteed Future Plan
An Individual, Non-linked, Non-Participating, Savings, • Pay as you like: Choose from various premium payment options from 5, 7 to 15
Life insurance plan years or Single pay
• Guaranteed Income factor ranging from 103% to 265% of Annualised premium1
We all go through various phases of life - from being young and unmarried to
married, having children and then the golden years. Throughout life we have various • Additional benefits to boost your corpus –
aspirations for ourselves and for our family members like providing world class o Guaranteed additions2 which accrue with every premium payment
education to children, once they grow-up helping them with starting off in life and in o Wealth additions3 which accrue after completion of premium payment term
marriage, buying a house, creating a retirement plan for yourself etc.
o High Premium Reward for higher premium payment
These goals are often accompanied by added responsibilities, unforeseen expenses
and the likelihood of any uncertainty like death, disease or disability. These • Booster additions ranging from 49% to 453% of Annualised premium in addition
unforeseen events can be financially catastrophic for the family. Saving for each of to your regular income payout4 with Income + Boosters option.
these life goals in a disciplined manner throughout ones earning years is the only • Flexibility to receive your income payout on the date of your choice5
proven strategy for achieving your financial goals. Adequate protection for the • Protection: Safeguard against uncertainties
unforeseen events is essential to ensure these goals are not jeopardised.
o Get life cover for the entire policy term
At PNB MetLife, we are always in the pursuit of offering products & solutions which
meet these specific needs. Life Insurance offers you the dual benefits of allowing o Option to enhance your protection through Accidental Death and Serious
you to save and also safeguard you and your family from some of the unforeseen Illness rider coverage
contingencies. • Tax benefits: You may be eligible to avail tax benefit on premiums paid and
With the same ethos, we present to you the “PNB MetLife Guaranteed Future Plan”, benefits received, as per prevailing tax laws
a plan that helps you systematically save and offers guaranteed returns. It also
safeguards you against certain unforeseen life events. The plan ensures that you are 1
Guaranteed Income Payout percentage will vary based on Premium payment term, age, policy term and benefit
able to meet your life’s financial goals with higher degree of certainty. The plan option chosen. Guaranteed Income is not payable in Option 1.
2
Guaranteed Additions (GA) will accrue throughout Premium Payment Term as a percentage of Annualised
offers you complete control and flexibility to customise your savings schedule based Premium and will vary based on Premium payment term, entry age and benefit option chosen.
on your needs and affordability. You can also choose the manner in which you 3
Wealth Additions (WA) will be available with ‘Endowment’ & ‘Income + Lumpsum’ options. WAs accrue after
receive maturity amounts (i.e. Income, Lump-sum or combination thereof) and can completion of Premium Payment Term as a percentage of Total Premiums Payable and will vary based on Premium
payment term and entry age.
also customise the timing to best meet your requirements. 4
Booster additions will be available with ‘Income+ Booster Option’ percentage will vary based on Premium payment
term, age, policy term.
5
Policyholder cannot choose the date preceding the due date of the income payout.

WITH PNB METLIFE GUARANTEED FUTURE PLAN


HOW DOES YOUR PLAN WORK?
Secure your future with Guaranteed benefits
Let’s look at a few examples:
Get flexibility to receive benefits as Lumpsum or Guaranteed Income
Illustration 1:
Boost your corpus with Guaranteed additions and Wealth additions* Get
additional Boosters – Additional income payouts at fixed intervals with Income + Sameer, aged 40 years has a 3-year-old daughter. He wants to invest in a plan which
Boosters Option^ provides a guaranteed corpus to secure his daughter’s future. He invests in PNB MetLife
Guaranteed Future Plan and selects:
Customization of income payouts to suit your needs – Choose any date to • Benefit Payout Option – Option 1- Endowment option
commence the income pay-out to coincide with any special date like birthdate
or anniversary date. • Premium payment term of 7 years and Policy term of 15 years
• Annualised Premium of Rs. 1,00,000 (exclusive of taxes/cesses) and gets Basic
Get rewarded for higher premium payment Sum Assured of Rs.10,00,000
Safeguard your family’s future with life cover for entire policy term Scenario I:

* Guaranteed additions will be available with all options, Wealth additions will be available with Lumpsum & Income
If Sameer survives till Maturity, he will receive a lumpsum of Rs. 13,53,520 at maturity
+Lumpsum options only. when his daughter turns 18 years of age.
^ Boosters will be available with ‘Income +Boosters’ Option only and will not be available with other options.
02 03
Benefits Amount (Rs.) Benefits Amount (Rs.)
Guaranteed additions (GA) @14% - accrue every year throughout PPT 14,000 Guaranteed Income = Guaranteed Addition accrual @ 130.88% of 2,30,880
High premium reward – added to the GAs 12,000 Annualised Premium + Annualised Premium = 230.88% of
Annualised premium every year throughout PPT (A)
Accrued Guaranteed additions (a) 26,000 x 7 = 1,82,000
High Premium Reward (B) applicable on GA 12,000
Accrued Wealth additions (b) 58,940 x 8 = 4,71,520 (12% of Annualised Premium)
Total premiums payable (c) 7,00,000 Guaranteed Income Payout (A+B) 2,42,880
Guaranteed Maturity Benefit (a + b + c) 13,53,520 Total Income Pay-out throughout Income Pay-out Period 36,43,200

Life cover throughout the policy term Life cover throughout the policy term

Guaranteed Guaranteed additions of Rs. 1,42,880 every year Guaranteed Income payout of Rs. 2,42,880 p.a. till end of policy term
Maturity Benefit
Guaranteed additions of Rs. 26,000 accrue every year Rs: 13,53,520 Return of Annualised Premium of Rs. 1,00,000
Premium of Rs. 1 lakh p.a. for 15 years

Premium payment of Rs. 1 lakh for 7 years Wealth additions of Rs. 58,940 accrue every year
Guaranteed additions of Rs. 1,42,880 p.a.

Year 0 14 16 30
Year 40 54 56 70
Year 0 6 15

Scenario II: In case of unfortunate demise of Sachin in the 25th policy year, his
nominee receives a lump sum benefit of Rs. 15,75,000 and the policy terminates.
Where Sum Assured at death is as mentioned under ‘Death Benefit’ section in this
In case of unfortunate demise of Sameer in the 10th policy year, his nominee receives a
document.
lump sum benefit of Rs.11,00,000 and the policy terminates.
Illustration 3:
Where Sum Assured at death is as mentioned under ‘Death Benefit’ section in this
document. Aryan, aged 35 years is married to Neha and has a son Vihaan who is 2-year-old. Aryan
wants to save for his son’s education and wants a plan which provides guaranteed
Illustration 2: regular income payouts to meet Vihaan’s tuition fees and considerable lumpsum for
Sachin, aged 40 years wants to plan his retirement and invest in a plan that provides him Vihaan’s higher education.
a guaranteed income pay outs during his golden years. He invests in PNB MetLife He can choose to start receiving a Guaranteed Income payout on any date to coincide
Guaranteed Future Plan and selects: with the date on which Vihaan’s tuition fees is due provided it is succeeding the due date
of income payout.
• Benefit Payout option – Option 2 - ‘Income Option’
• Premium payment term of 15 years, Deferment period of 0 years and Policy term He invests in PNB MetLife Guaranteed Future Plan and selects:
of 30 years • Benefit Payout option – option 3 - ‘Income + Lumpsum’
• Annualised Premium of Rs. 1,00,000 (exclusive of taxes/cesses) and gets Basic • Premium payment term of 10 years, Deferment period of 1 year and Policy term of
Sum Assured of Rs.10,00,000 21 years
• Annualised Premium of Rs. 1,00,000 (exclusive of taxes/cesses) and gets Basic
Scenario I: He starts receiving a Guaranteed Income payout of Rs. 2,42,880 from Sum Assured of Rs. 10,00,000
end of 16th policy year till end of the policy term.
He can choose to start receiving a Guaranteed Income payout at any selected date Scenario I: He will start receiving Guaranteed income pay-out of Rs. 1,62,130 from
during the income payout year till the due date of next income payout provided it is the end of 12th year which he uses to pay his son’s tuition fees and receives a
succeeding the due date of income payout. lumpsum of Rs. 4,81,000 at maturity which he can use towards his child’s higher
education.
He can choose to start receiving a Guaranteed Income payout at any selected date
04 during the income payout year till the due date of next income payout. 05
Benefits Amount (Rs.) Benefits Amount (Rs.)
Guaranteed addition @ 50.13% of Annualised premium accrued 50,130 Guaranteed addition @ 42.36% of Annualised premium accrued 42,360
every year throughout PPT (A) every year throughout PPT (A)
Return of Annualised Premium (B) 1,00,000 High Premium Reward (12% of Annualised Premium) (B) 12,000
High Premium Reward @ 12% of Annualised Premium 12,000 Return of Annualised Premium (C) 1,00,000
applicable on GA (c)
Guaranteed Income (A+B+C) 1,54,360
Guaranteed Income Payout (A+B+C) 1,62,130
Booster additions of 109.6%of Annualised premium paid at the end Booster 1: 1,09,600
Accrued Wealth additions @ 4.81% of Total premiums payable paid 4,81,000 of 14th, 17th, & 20th policy year along with Guaranteed Income Payout Booster 2: 1,09,600
at Maturity Booster 3: 1,09,600
Total Benefits paid throughout Income Pay-out Period and Maturity 21,02,300 Total Benefits paid throughout Income Payout Period 18.72,400

Life cover throughout the policy term Life cover throughout the policy term

Wealth additions accrual of Rs. 48,100 every year Booster additions: Rs. 1,09,600

Guaranteed Income Rs. 1,62,130 p.a. for 10 years


Guaranteed additions accrual of Rs. 62,130 every year
Accured Wealth
Guaranteed Additions of Rs. 62.130 Additions
Premium of Rs. 1 lakh p.a. for 10 years Rs. 4,81,000
Guaranteed Income Rs. 1,54,360 p.a. for 10 years
Guaranteed additions accrual of Rs. 54,360 every year
Return of Annuallised Premium of Rs. 1.00,000
Guaranteed Additions of Rs. 54,360
Premium of Rs. 1 lakh p.a. for 10 years
Year 0 5 9 12 21
Return of Annuallised Premium of Rs. 1.00,000

Year 0 5 9 11 14 17 20
Scenario II: In case of unfortunate demise of Aryan in the 15th policy year, his
nominee receives a lump sum benefit of Rs. 13,27,310 and the policy terminates.
Where Sum Assured at death is as mentioned under ‘Death Benefit’ section in this
document. Scenario II: In case of Ayush’s unfortunate demise in the 15th policy year, his nominee
receives a lump sum benefit of Rs. 11,50,000 and the policy terminates.
Illustration 4:
Where Sum Assured at death is as defined in ‘Death Benefit’ section in this document.
Ayush, aged 30 years wants to invest in a savings plan that provides him a secondary
income to cater to his rising needs and also ensures his lifestyle needs are met by
providing periodic lumpsum. He invests in PNB MetLife Guaranteed Future Plan and
selects:
• Benefit Payout option – Option 4 - Income + Boosters
• Premium payment term of 10 years, Deferment period of 0 year and Policy term
of 20 years
• Annualised Premium of Rs. 1,00,000 (exclusive of taxes/cesses) and gets Basic
Sum Assured of Rs.10,00,000

Scenario I: He starts receiving a guaranteed income of Rs. 1,54,360 from end of 11th
policy year till end of the policy term. He can choose to start receiving a Guaranteed
Income payout on any date to coincide with his anniversary or birthday, provided it
is succeeding the due date of income payout.

06 07
PLAN AT A GLANCE Policy Term (Years) Minimum Entry Age
12 6 years last birthday
14 4 years last birthday
This is a guaranteed savings plan wherein at inception of the policy, the policyholder can choose Minimum age6 at
15 3 years last birthday
entry (Years)
16 2 years last birthday
Option 1: Endowment Option – Total Premium payable along with accrued Guaranteed
17 1 year last birthday
Additions and accrued Wealth additions is paid as a lumpsum at the end of the policy term.
18 and above 0 (30 days)
Option 2: Income Option – Guaranteed Income payouts are paid during the Income Payout Period.
Option 3: Income + Lumpsum Option – Guaranteed Income payouts are paid during the 60 years
options Income Payout Period and accrued Wealth additions are paid as lumpsum at the end of policy term.
Maximum age6 at
For policies purchased through POS channel, the maximum age at entry will be 55 years as per
entry (Years) prevailing POS guidelines, as amended from time to time
Option 4: Income + Boosters – Guaranteed Income payouts are paid at regular intervals during
the Income Payout Period. Additional payouts termed as ‘Booster Additions’ will be paid at
Single pay: 80
Maximum age6 at Limited pay: 75 Years
instalment premiums Maturity (Years) For policies purchased through POS channel, the maximum age at maturity for Limited pay will
have been paid. be 65 years; as per prevailing POS guidelines, as amended from time to time.

Minimum Single Pay: Rs. 2,00,000


complete years) at inception of the policy. Deferment period starts at end of the Premium Annualised Limited Pay (Other than POSP): Rs. 24,000
Payment Term. Options available are as mentioned below: Premium (Rs.) Limited Pay (Sourced through POSP): Rs. 12,000
For Limited Pay:
Deferment period • PPT > 5 years: 0, 1 or 2 (option to choose the Deferment period) Maximum
1,00,00,00,000 subject to maximum Basic Sum Assured limit as per Board Approved
options (Years) Annualised Underwriting Policy.
Premium (Rs.)
of
Minimum Basic For Limited pay: 10 x Annualised premium
option needs to be selected at policy inception and cannot be changed during the policy tenure. Sum Assured For Single pay: 1.25 x Annualised premium

As per Board approved underwriting policy


Income Payout Income Payout Period is the period equal to the Premium Payment Term (PPT) which shall Maximum Basic
For policies purchased through POS channel, the maximum Sum Assured will be
commence after the end of PPT and the Deferment Period (if applicable) chosen by the Sum Assured
period (Years) policyholder.
Rs. 25 lakh as per prevailing POS guidelines, as amended from time to time

Yearly/ Half-yearly/ Monthly


Income pay-out Rider options PNB MetLife Serious Illness Rider
For monthly income payout is chosen, a factor of 0.95/12 will be applied to annual income
factors For half-yearly income payout is chosen, a factor of 0.97/2 will be applied to annual income
Riders will not be available for policies purchased through POS channel.

Premium Single/Yearly / Half Yearly / Monthly


Following PT and PPT combinations are available: Payment modes Single pay option will not be available with Option 1 and Option 3.
For Option 1: Endowment Option
Premium Paying
Term (PPT)
6
All reference to age are as on age last birthday. For policies issued to minor lives the risk cover starts immediately
PPT 5 7 8 9 10 11 12 12 13 14 15 at inception. Also, in case the life assured is a minor, the policy will vest with the life assured when the life assured
(Years)
PT 12 15 16 18 20 22 20 24 26 28 30 attains an age of 18 years.

For Options 2, 3 & 4: BENEFITS IN DETAIL


PPT SP $
5* 7 8 9 10 11 12 13 14 15

15, 20
14, 16, 18, 20, 22, 24, 26, 28, 30, SURVIVAL BENEFIT
Policy term PT 12 15 & 17 & 19 & 21 & 23 & 25 & 27 & 29 & 31 &
(Years) & 30
16 18 20 22 24 26 28 30 32 On survival of the Life Assured until the end of the Premium Payment Term, provided
that the Policy is in In-force Status and all due Installment Premiums have been
*Not available under Option 4: Income + Booster $SP will not be avail able for Option 1, 3 &
POS channel
received in full by Us, the following benefit will be payable on each.
Maximum Policy Term allowed for policies sold through POS channel is 20 years
Option 1- Endowment Option – No survival benefit will be payable under this option.
Option 2: Income Option – If this option is chosen, the Guaranteed Income Payouts will
be payable at policy anniversaries during the Income Payout period after completion of
the premium payment term and deferment.

08 09
period, if chosen. If Single pay is chosen, the Guaranteed Income Payouts will be
Guaranteed Additions as percentage of Annualized Premium
equal to the Guaranteed Addition specified in the table below.
Deferment Period 0 Deferment Period 1 Deferment Period 2
The Guaranteed Income payout will be equal to the sum of Annualised Premium paid
and Guaranteed Additions accrued. Guaranteed Additions will start accruing at PPT/ 51 & 51 & 51 &
beginning of every year during the Premium Payment Term. Age
0-35 36-40 41-45 46-50
above
0-35 36-40 41-45 46-50
above
0-35 36-40 41-45 46-50
above

Guaranteed Additions will be expressed as a percentage of Annualised Premium as 5 NA NA NA NA NA NA NA NA NA NA 5.03% 5.04% 4.99% 4.92% 4.96%
specified below and may vary depending on the premium payment term, entry age 7 5.31% 5.23% 5.10% 4.85% 4.83% 5.85% 5.77% 5.64% 5.40% 5.43% 6.39% 6.32% 6.16% 5.89% 5.91%
and policy term. 8 12.71% 12.57% 12.39% 12.00% 11.88% 13.27% 13.16% 12.97% 12.58% 12.51% 13.94% 13.79% 13.57% 13.12% 13.01%
9 22.93% 22.85% 22.70% 22.41% 22.24% 23.52% 23.38% 23.20% 22.84% 22.56% 24.27% 24.14% 23.88% 23.42% 23.02%
For Limited Pay: 10 49.36% 49.28% 49.08% 48.81% 48.81% 50.13% 50.03% 49.75% 49.38% 49.25% 50.93% 50.74% 50.41% 50.05% 49.66%
11 58.04% 57.94% 57.71% 57.43% 57.32% 58.78% 58.60% 58.36% 57.96% 57.71% 59.61% 59.39% 59.04% 58.66% 58.07%
Guaranteed Additions as percentage of Annualized Premium 12 63.37% 63.20% 62.94% 62.60% 62.34% 64.17% 63.96% 63.57% 63.18% 62.69% 64.87% 64.60% 64.16% 63.68% 62.85%
13 69.65% 69.43% 69.15% 68.85% 68.17% 70.39% 70.13% 69.70% 69.31% 68.44% 71.14% 70.76% 70.22% 69.68% 68.58%
Deferment Period 0 Deferment Period 1 Deferment Period 2
14 74.64% 74.38% 73.94% 73.53% 72.75% 75.35% 74.97% 74.44% 73.87% 72.94% 76.03% 75.60% 74.89% 74.15% 72.98%
PPT/
51 & 51 & 51 & 15 84.69% 84.36% 83.89% 83.28% 82.55% 85.22% 84.91% 84.32% 83.51% 82.58% 85.87% 85.37% 84.76% 83.77% 82.53%
Age 0-35 36-40 41-45 46-50 0-35 36-40 41-45 46-50 0-35 36-40 41-45 46-50
above above above
(years)
5 NA NA NA NA NA NA NA NA NA NA 32.35% 30.25% 27.10% 20.75% 13.54%
Option 4 - Income + Boosters: If this option is chosen, the Guaranteed Income Payouts
7 37.06% 33.87% 29.64% 23.21% 16.00% 49.98% 46.77% 41.46% 32.89% 26.72% 59.61% 56.39% 50.98% 41.23% 34.90% will be payable at policy anniversaries during the Income Payout period after completion
8 44.28% 39.92% 35.64% 28.12% 19.64% 58.37% 55.13% 48.63% 38.82% 31.45% 69.17% 64.81% 59.35% 47.23% 39.81% of the premium payment term and deferment period, if chosen. If Single pay is chosen, the
9 56.91% 53.71% 50.50% 42.98% 37.70% 67.47% 64.25% 59.91% 52.34% 46.00% 78.96% 75.71% 70.27% 61.60% 55.20% Guaranteed Income Payouts will be equal to the Guaranteed Addition specified in the table
10 72.94% 70.82% 67.60% 61.19% 56.03% 85.39% 83.24% 77.85% 69.45% 65.15% 97.04% 93.79% 88.19% 78.60% 73.17% below. Additional payouts called Booster Additions will be paid along with the Guaranteed
11 86.86% 83.94% 78.96% 70.60% 66.11% 97.59% 94.31% 88.84% 79.35% 74.20% 108.68% 105.23% 99.01% 89.02% 82.65% Income Payouts paid at specified policy anniversaries during the Income Payout period.
12 97.36% 94.15% 88.83% 80.32% 74.08% 107.40% 104.20% 97.79% 89.24% 82.91% 119.89% 116.65% 109.08% 99.49% 90.88%
13 109.31% 106.09% 99.65% 90.09% 83.55% 121.82% 118.57% 111.03% 100.31% 92.50% 135.09% 130.73% 122.08% 110.23% 101.28%
The Guaranteed Income payout will be equal to the sum of Annualised Premium paid and
14 122.18% 117.85% 110.32% 99.64% 91.96% 135.42% 130.00% 121.35% 109.47% 100.66% 150.08% 143.56% 133.80% 120.85% 109.65% Guaranteed Additions accrued. Guaranteed Additions will start accruing at beginning of
15 136.31% 130.88% 123.28% 110.39% 101.50% 150.59% 144.06% 135.35% 121.30% 111.31% 165.21% 157.59% 148.76% 132.57% 121.37% every year during the Premium Payment Term.
Guaranteed Additons will be expressed as a percentage of Annualised Premium as specified
For Single Pay: below and will and may vary depending on the premium payment term.
Guaranteed Additions as percentage of Single Premium Guaranteed Additions as a percentage of Single premium
Deferment Period 5 Term
Deferment Period 5
(years)
Term/Age
0-35 36-40 41-45 46-50 51 & above 15 7.5%
(years)
20 7.5%
15 17.69% 17.63% 17.52% 17.40% 17.39%
30* 7.0%
20 13.62% 13.55% 13.46% 13.36% 13.41%
*Term 30 is not available for Age 51 & above
30 10.53% 10.46% 10.40% 10.29% NA

Option 3: Income + Lumpsum: Guaranteed Additions as percentage of Annualized Premium

If this option is chosen, the Guaranteed Income Payouts will be payable at policy Deferment Period 0 Deferment Period 1 Deferment Period 2
anniversaries during the Income Payout period after completion of the premium payment PPT/
51 & 51 & 51 &
term and deferment period, if chosen. Age 0-35 36-40 41-45 46-50 0-35 36-40 41-45 46-50 0-35 36-40 41-45 46-50
above above above
(years)
The Guaranteed Income payout will be equal to the sum of Annualised Premium paid and 7 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
Guaranteed Additions accrued. Guaranteed Additions will start accruing at beginning of 8 5.71% 5.57% 5.39% 5.00% 4.88% 6.27% 6.16% 5.97% 5.58% 5.51% 6.94% 6.79% 6.57% 6.12% 6.01%

every year during the Premium Payment Term. 9 15.93% 15.85% 15.70% 15.41% 15.24% 16.52% 16.38% 16.20% 15.84% 15.56% 17.27% 17.14% 16.88% 16.42% 16.02%
10 42.36% 42.28% 42.08% 41.81% 41.81% 43.13% 43.03% 42.75% 42.38% 42.25% 43.93% 43.74% 43.41% 43.05% 42.66%
Guaranteed Additions will be expressed as a percentage of Annualised Premium as 11 51.04% 50.94% 50.71% 50.43% 50.32% 51.78% 51.60% 51.36% 50.96% 50.71% 52.61% 52.39% 52.04% 51.66% 51.07%
specified below and will and may vary depending on the premium payment term and 12 56.37% 56.20% 55.94% 55.60% 55.34% 57.17% 56.96% 56.57% 56.18% 55.69% 57.87% 57.60% 57.16% 56.68% 55.85%
policy term. 13 62.65% 62.43% 62.15% 61.85% 61.17% 63.39% 63.13% 62.70% 62.31% 61.44% 64.14% 63.76% 63.22% 62.68% 61.58%
14 67.64% 67.38% 66.94% 66.53% 65.75% 68.35% 67.97% 67.44% 66.87% 65.94% 69.03% 68.60% 67.89% 67.15% 65.98%

10 15 77.69% 77.36% 76.89% 76.28% 75.55% 78.22% 77.91% 77.32% 76.51% 75.58% 78.87% 78.37% 77.76% 76.77% 75.53% 11
Booster Additions: Booster Addition is a percentage of Annualised premium as specified
Boosters as a percentage of Single Premium
below and will vary depending on the entry age and premium payment term.
Year of Booster Payout
Deferment Period 5
Booster Additions as a percentage of Annualised Premium (End of Year)
PPT/Age 1st 2nd 3rd 51 &
Year of Booster Payout 0-35 36-40 41-45 46-50
Deferment Period 0 (years) Booster Booster Booster above
(End of Year)
15 9 12 15 38.55% 38.38% 38.14% 37.85% 38.04%
PPT/Age 1st 2nd 3rd 51 &
0-35 36-40 41-45 46-50
(years) Booster Booster Booster above 20 10 15 20 35.63% 35.35% 35.02% 34.58% 35.25%
7 11 14 - 151.44% 137.34% 121.15% 90.71% 58.87% 30 13 21 30 36.85% 36.48% 36.00% 35.27% NA
8 12 16 - 193.98% 176.04% 152.81% 111.61% 72.53% Term 30 is not available for Age 51 & above
9 13 18 - 199.14% 184.40% 166.73% 132.48% 107.64%
Income Payout Period:
10 14 17 20 109.60% 102.37% 91.22% 68.59% 49.98%
11 15 19 22 144.58% 132.24% 115.29% 81.71% 65.49%
Income Payout Period is the period over which the Guaranteed Income installments are
paid. Income Payout Period is equal to the Premium Payment Term (PPT) which will
12 16 20 24 176.98% 162.74% 141.24% 105.42% 81.42%
commence after the end of PPT and the Deferment Period (if applicable) chosen by the
13 17 21 26 219.28% 205.31% 177.63% 131.24% 102.22% policyholder. During Income Payout Period, the Wealth Additions (if applicable) shall
14 18 23 28 273.80% 253.42% 217.67% 161.73% 128.14% accrue at the beginning of each year and survival benefits shall be paid in arrears.
15 19 25 30 311.36% 284.78% 248.02% 177.85% 136.42%
Year of Booster Payout Income Payout period (Income
Deferment Period 1 PPT Deferment period Policy term
(End of Year)
year till end of policy term)
PPT/Age 1st 2nd 3rd 51 &
0-35 36-40 41-45 46-50 15 6th
(years) Booster Booster Booster above
SP 5 20 6th
7 12 15 - 184.66% 170.53% 149.85% 117.41% 91.30% 25 6th
8 13 17 - 234.97% 219.01% 190.12% 145.28% 109.12% 5 2 12 8th
9 14 19 - 239.91% 227.64% 206.84% 170.71% 140.75% 0 14 8th
7 1 15 9th
10 15 18 21 148.39% 141.44% 126.39% 96.25% 80.95% 2 16 10th
11 16 20 23 183.97% 171.12% 150.57% 114.11% 95.14% 0 16 9th
12 17 21 25 223.69% 208.39% 184.11% 143.91% 116.48% 8 1 17 10th
2 18 11th
13 18 22 27 274.05% 257.93% 226.38% 174.43% 141.74% 0 18 10th
14 19 24 29 337.25% 312.95% 273.02% 210.76% 173.16% 9 1 19 11th
15 20 26 31 382.10% 352.03% 310.35% 233.45% 186.82% 2 20 12th
0 20 11th
Year of Booster Payout 10 1 21 12th
Deferment Period 2
(End of Year) 2 22 13th
PPT/Age 1st 2nd 3rd 51 & 0 22 12th
0-35 36-40 41-45 46-50 11 1 23 13th
(years) Booster Booster Booster above
2 24 14th
7 13 16 - 227.74% 216.84% 188.35% 148.75% 122.11%
0 24 13th
8 14 18 - 274.40% 261.87% 229.79% 179.54% 143.67% 12 1 25 14th
9 15 20 - 289.60% 279.38% 253.37% 213.14% 182.94% 2 26 15th
0 26 14th
10 16 19 22 189.24% 177.63% 159.44% 126.46% 108.53%
13 1 27 15th
11 17 21 24 226.18% 211.44% 188.27% 149.96% 126.06% 2 28 16th
12 18 22 26 274.14% 258.94% 229.42% 184.07% 151.85% 0 28 15th
14 1 29 16th
13 19 23 28 333.27% 314.34% 278.68% 218.03% 183.48%
2 30 17th
14 20 25 30 403.10% 373.53% 330.07% 259.93% 212.15% 0 30 16th
15 21 27 32 453.84% 420.38% 374.08% 288.57% 237.93% 15 1 31 17th
12 2 32 18th 13
Where, Total Premiums Payable shall be the total Premiums payable during the PPT
MATURITY BENEFIT excluding any extra premium, frequency loadings on premium, if any, the premiums paid
towards the Riders, if any, and applicable tax and cess.
Option 1 – Endowment Option:
Option 3 – Income + Lumpsum Option:
On survival of the Life Assured till the Maturity Date, provided that the Policy is in In-force
Status, the Guaranteed Maturity Benefit which is equal to sum of Total Premiums On survival of the Life Assured till the Maturity Date, provided that the Policy is in In-force
Payable, accrued Guaranteed Additions and accrued Wealth Additions will be payable at Status, Guaranteed Maturity Benefit which is equal to the Accrued Wealth Additions will
maturity. be payable.

Guaranteed Additions will start accruing from the beginning of the 1st policy year till the Wealth additions will accrue during the Income Payout period at beginning of each policy
end of Premium Payment Term. Guaranteed additions will be calculated as a percentage year and will be calculated as a percentage of the Total premiums payable and vary by
of the Annualised premium and vary by Premium Payment Term (PPT) and Policy Term Premium Payment Term (PPT) and Policy Term (PT) as detailed below.
(PT) as detailed below.
Wealth Addition as percentage of Total Premiums payable
Guaranteed Additions as percentage of Annualized Premium
Deferment Period 0 Deferment Period 1 Deferment Period 2
PPT/Age
0-35 36-40 41-45 46-50 51 & above PPT/
(years) 51 & 51 & 51 &
Age 0-35 36-40 41-45 46-50 0-35 36-40 41-45 46-50 0-35 36-40 41-45 46-50
above above above
5 7.83% 7.80% 7.80% 7.65% 7.71% (years)

7 14.10% 14.00% 13.85% 13.55% 13.11% 5 NA NA NA NA NA NA NA NA NA NA 6.12% 5.91% 5.06% 3.88% 2.06%
7 6.48% 5.94% 5.08% 3.56% 2.27% 8.02% 7.49% 6.62% 5.21% 4.02% 9.55% 9.02% 8.03% 6.51% 5.11%
8 14.23% 14.15% 13.95% 13.57% 12.95%
8 5.93% 5.28% 4.41% 2.90% 1.49% 7.34% 6.80% 5.93% 4.52% 3.10% 8.86% 8.20% 7.23% 5.70% 4.28%
9 19.85% 19.68% 19.33% 18.86% 18.00% 9 5.08% 4.76% 4.22% 3.15% 2.40% 6.52% 6.10% 5.57% 4.39% 3.53% 8.12% 7.79% 7.15% 5.86% 5.01%
10 30.12% 29.77% 29.27% 28.71% 27.44% 10 3.27% 3.06% 2.53% 1.58% 0.94% 4.81% 4.60% 3.93% 2.87% 2.24% 6.22% 5.90% 5.22% 3.93% 3.17%
11 3.76% 3.54% 2.99% 2.02% 1.33% 5.02% 4.70% 4.20% 3.02% 2.21% 6.34% 6.02% 5.37% 4.03% 3.28%
11 36.72% 36.35% 35.72% 35.11% 33.50%
12 4.20% 3.89% 3.35% 2.31% 1.68% 5.61% 5.29% 4.55% 3.40% 2.65% 6.99% 6.66% 5.93% 4.46% 3.61%
12 34.29% 33.98% 33.57% 33.26% 32.20% 13 4.91% 4.58% 3.95% 2.79% 2.05% 6.32% 6.01% 5.26% 3.88% 3.04% 7.82% 7.38% 6.65% 5.06% 4.10%
13 41.83% 41.35% 40.71% 39.90% 38.16% 14 5.66% 5.33% 4.60% 3.32% 2.47% 7.18% 6.76% 6.01% 4.42% 3.57% 8.67% 8.25% 7.29% 5.59% 4.53%
15 6.09% 5.67% 4.92% 3.42% 2.56% 7.59% 7.15% 6.31% 4.59% 3.63% 9.17% 8.64% 7.68% 5.77% 4.59%
13 48.07% 47.49% 46.66% 45.84% 43.83%
14 55.03% 54.33% 53.49% 52.35% 50.19%
No maturity benefit is payable under Option 2 and Option 4.
15 63.01% 62.15% 61.02% 59.99% 57.65%
For policy with non-annual premium frequency, Guaranteed Additions and Booster
Wealth additions will start accruing at beginning of every year after completion of PPT till Additions shall accrue proportionally by applying factor as per below:
the end of Policy Term. Wealth additions will be calculated as a percentage of the Total
Premium Payable and vary by Premium Payment Term (PPT) and Policy Term (PT) as Factor on Guaranteed Additions and Booster Additions expressed as a
Mode
detailed below. percentage of Annualised Premium
Half-Yearly 1/2
Wealth Additions as percentage of Total premium payable
Monthly 1/12
PPT PT
0-35 36-40 41-45 46-50 51 & above
(years) (years)
5 12 5.88% 5.56% 5.25% 4.19% 3.13%
7 15 8.74% 8.42% 7.90% 6.83% 5.24%
DEATH BENEFIT
8 16 9.41% 9.20% 8.67% 7.61% 6.02%
9 18 9.88% 9.57% 9.05% 8.00% 6.43%
In the event of the unfortunate death of the Life Assured during the policy term provided
10 20 11.34% 10.92% 10.27% 9.52% 7.92%
that the policy is still In-force status on the date of death, the nominee shall receive Death
11 22 11.29% 10.98% 10.22% 9.49% 7.63%
Benefit and the Policy shall terminate.
12 20 10.87% 10.37% 9.67% 8.86% 7.09%
12 24 11.37% 10.96% 10.36% 9.44% 7.51%
13 26 12.28% 11.77% 10.96% 9.95% 7.82%
14 28 13.10% 12.50% 11.78% 10.57% 8.34%
15 30 14.04% 13.42% 12.42% 11.30% 8.76%
14 15
The Death Benefit payable on death shall be higher of Sum Assured on Death: Limited Pay Single Pay
Sum Assured on Death shall be defined as higher of: Death Death Death Death
Age Age Age Age
• Basic sum assured (BSA), which is the absolute amount assured to be paid on death.
Multiple Multiple Multiple Multiple
• Annualised Premium or Single premium multiplied by the Death Benefit Multiple
16 12.20 47 10.65 16 1.52 47 1.33
• 105% of total premiums paid up to the date of death 17 12.15 48 10.60 17 1.52 48 1.32
The Death benefit payable shall not be less than following based on plan option chosen: 18 12.10 49 10.55 18 1.51 49 1.32
• Option 1: Endowment – Total Premiums Paid plus accrued Guaranteed 19 12.05 50 10.50 19 1.50 50 1.31
Additions and accrued Wealth Additions (if any) till the date of death 20 12.00 51 10.45 20 1.50 51 1.31
21 11.95 52 10.40 21 1.49 52 1.30
• Option 2: Income – Total Premiums Paid plus accrued Guaranteed Additions
22 11.90 53 10.35 22 1.49 53 1.29
less Guaranteed Income Payouts made during the Income Payout Period (if any)
till date of death 23 11.85 54 10.30 23 1.48 54 1.29
24 11.80 55 10.25 24 1.47 55 1.28
• Option 3: Income + Lumpsum – Total Premiums Paid plus accrued Guaranteed
25 11.75 56 10.20 25 1.47 56 1.27
Additions and accrued Wealth Additions (if any) less Guaranteed Income Payouts
made during the Income Payout Period (if any) till date of death 26 11.70 57 10.15 26 1.46 57 1.27
27 11.65 58 10.10 27 1.46 58 1.26
• Option 4: Income + Boosters – Total Premiums Paid plus accrued Guaranteed
28 11.60 59 10.05 28 1.45 59 1.26
Additions and accrued Booster Additions less Guaranteed Income Payouts made
during the Income Payout Period (if any) till date of death 29 11.55 60 10.00 29 1.44 60 1.25
30 11.50 30 1.44
Where,
Basic Sum Assured is equal to 10 x Annualised premium for Limited pay and 1.25 x Single If at the time of death of Life Assured is a minor, death benefit shall be paid to the
Premium for Single pay policies. Policyholder.
The Death benefit multiples will vary basis age at entry as mentioned in the table below: Where, Annualised Premium shall be the premium payable in a year chosen by the
policyholder, excluding the taxes, rider premiums, underwriting extra premiums and
Limited Pay Single Pay loadings for modal premiums, if any.

Death Death Death Death Total Premiums paid shall be the total Premiums received excluding any extra premium,
Age Age Age Age the premiums paid towards the Riders, if any, and applicable tax and cess.
Multiple Multiple Multiple Multiple
The policy cover terminates with the payment of death benefit.
0 13.00 31 11.45 0 1.62 31 1.43
1 12.95 32 11.40 1 1.62 32 1.42
2 12.90 33 11.35 2 1.61 33 1.42 OTHER FEATURES
3 12.85 34 11.30 3 1.60 34 1.41
4 12.80 35 11.25 4 1.60 35 1.41
FLEXIBILITY TO CHOOSE THE DATE OF BENEFIT PAYOUT
5 12.75 36 11.20 5 1.59 36 1.40
6 12.70 37 11.15 6 1.59 37 1.39 Benefits will be paid on policy anniversaries by default. Alternatively, the policyholder can
7 12.65 38 11.10 7 1.58 38 1.39 choose to receive the survival benefits on any one date, succeeding the date of issuance,
as per their choice.
8 12.60 39 11.05 8 1.57 39 1.38
9 12.55 40 11.00 9 1.57 40 1.37 The Guaranteed Income payout shall accumulate at a compound interest rate per annum
10 12.50 41 10.95 10 1.56 41 1.37 equal to 10 Year G-Sec yield prevailing at the respective default date of payout less 200
11 12.45 42 10.90 11 1.55 42 1.36 basis points.
12 12.40 43 10.85 12 1.55 43 1.36 This option needs to be selected at policy inception and cannot be changed during the
13 12.35 44 10.80 13 1.54 44 1.35 policy tenure. This benefit is not available with Option 1 - Endowment option.
14 12.30 45 10.75 14 1.54 45 1.34
15 12.25 46 10.70 15 1.53 46 1.34

16
17
INCOME PAYOUT FACTOR FLEXIBLE PREMIUM PAYMENT MODES & MODAL FACTORS
The policyholder can choose, at inception of the policy, to receive the Annual Income You may elect to pay premiums by Yearly, Half Yearly, or Monthly mode subject to the
under the Option 2,3 & 4 at less frequent intervals. The amount of Income Payout shall be minimum annualised premium under each mode.
as given below:
For other than Single Premium payment mode,
Income Payout Frequency Income Payout Factor a. The Guaranteed Addition and Booster Addition rates are expressed in terms of
Annualized Premium
Annual 100% of Annual Income
b. The Wealth Additions are expressed in terms of Total Premiums Payable (with
Half-Yearly 97% of Annual Income x 1/2 respect to Annual mode of premium payment)
Monthly 95% of Annual Income x 1/12
Therefore, for other than Single premium and non-annual mode of premium payment,
Annual Income refers to the Guaranteed Income Payouts paid in respect of annual a. Modal factors shall be used to derive the Annualized premium
frequency.
b. Conversion factors shall be used to derive Total Premiums Payable (based on
Annualized Premiums)
LOANS
You may take a loan against your policy once it acquires a Surrender Value. The maximum
amount that can be availed is 90% of Special Surrender Value of your policy at the end of Premium Paying Mode Modal Factors Conversion Factors
the relevant Policy Year less any unpaid premiums for that year and loan interest accrued,
if a loan is already existing on the policy, to the end of that year. While you avail the loan, Annual 1 1
your Policy must be assigned in favor of the Company to the extent of the outstanding
Half Yearly 0.5131 1.0262
loan. The rate of interest for your loan amount shall be prescribed by the Company from
Monthly 0.0886 1.0632
time to time. The rate of interest is taken as the 10 Year G-Sec rate plus 250 basis points
rounded up to nearest 50 basis points. The prevailing interest rate is 9.5% p.a. and
Alterations between different modes of premium payment is allowed at any policy
Company reserves the right to change this interest rate, subject to prior approval from
anniversary on request.
IRDAI. Please contact us to know the prevailing rate of interest.

RIDERS HIGH PREMIUM REWARD

PNB MetLife Accidental This Rider provides additional protection over and above You will be rewarded with additional benefits if you choose to pay a higher premium as
below. High Premium Reward shall be added to the Guaranteed Additions.
117B020V03) death of the Life Assured in an Accident

This Rider provides additional protection over and above


PNB MetLife Serious Illness Rider Premium Size
Single Pay Limited Pay
(UIN: 117B021V03) Assured being diagnosed with any of the critical illnesses (% of Single Premium) (% of Annualized Premium)
listed in the Rider
Rs. 0 - 29,999 Nil Nil
Rs. 30,000 - 49,999 Nil 4%
Please refer to the rider brochure and rider terms and conditions for further details.
Rs. 50,000 - 74,999 Nil 8.50%
o Rider Sum Assured shall be subject to Sum Assured of base policy. Rs. 75,000 & 9,99,999 Nil 12%
o Premium for all the riders put together shall be subject to a ceiling of 30% of the Rs. 10,00,000 & above 1% 12%
premium of the basic product.
o The Rider Premium Payment Term cannot be more than the Premium Payment
Term of the Base Policy if taken at the outset, or will be less than or equal to the GRACE PERIOD
outstanding Premium Payment Term of the Base Policy, if taken subsequently.
o When the Base Policy is paid-up, lapsed, surrendered or forfeited, the rider Grace period is time granted from the due date for the payment of premium, without any
attached to the Base Policy will also terminate immediately. For more details on penalty or late fee, during which time the policy is considered to be in-force with the risk
the rider benefits, features, terms and conditions, please refer to the rider terms cover without any interruption, as per the terms & conditions. The grace period for
and conditions carefully or contact Your insurance advisor. payment of the premium is 15 days, where the policyholder pays the premium on a
18 o Rider shall not be offered for POS policies. 19
monthly basis and 30 days in all other cases. If a valid death claim arises under the policy
Payout
during the Grace period, but before the payment of due premium, the due and unpaid
premium for the policy year will be deducted from the Death benefit. During the Grace The amount payable on death of the Life assured shall be equal to Paid-Up
Period, the risk on the life of the Life Assured will continue to be covered. Sum Assured on Death which is higher of:

 Paid-Up Basic sum assured, which is the absolute amount assured
PREMIUM DISCONTINUANCE to be paid on death
 105% of total premiums paid upto the date of death.
o Lapse
Paid-up Basic Sum Assured
If all due premiums for the first two consecutive years are not paid, the policy shall lapse Basic Sum Assured x (t / n)
at the end of the grace period and the risk cover and rider benefits, if any, will cease
immediately. No benefits will be paid when the policy is in lapsed status. A lapsed policy Where,
can be revived as per terms and conditions as mentioned in the Revival section. “t” refers the Number of Installment Premiums paid and “n” refers the
If a lapsed policy is not revived by the end of the revival period, the policy will be Number of Installment Premiums payable during the PPT.
The Paid-Up Sum Assured on Death shall not be less than Total Premi-
terminated.
ums Paid plus the accrued Guaranteed Additions and accrued Booster
Additions.
The policy cover terminates with the payment of Reduced Paid-up Sum
Assured on Death.
SURRENDER VALUE

If all due Instalment Premiums have been paid for at least two consecutive Policy Years,
the Policy shall acquire a Guaranteed Surrender Value.
The Policy will automatically terminate after payment of the Surrender Value. The Payout
Surrender Value payable shall be higher of Guaranteed Surrender Value and Special
Surrender Value as given below: Paid-Up Sum Assured on Maturity
Guaranteed Surrender Value: Option 1: Endowment – Total Premiums Paid plus accrued Guaranteed
Additions shall be payable as lumpsum at maturity date.
GSV = {GSV Factor multiplied by Total Premiums Paid less survival benefits already paid,
Option 2: Income – Accumulated Value of each Reduced Paid-up
if applicable, till the date of Surrender}; subject to a minimum of zero. Guaranteed Income Payouts at compound interest of 5% p.a. from their
Special Surrender Value (SSV): respective date of income payment till maturity date shall be payable as
lumpsum at maturity date.
Special Surrender Value is the Surrender Value specified by Us on receipt of a request for Option 3: Income + Lumpsum – Accumulated Value of each Reduced
Surrender. SSV is not guaranteed and the Company can change these SSV factors at any Paid-up Guaranteed Income Payouts at compound interest of 5% p.a.
time during the Policy Term, subject to prior approval from IRDA of India. from their respective date of income payment till maturity date shall be
payable as lumpsum at maturity date.
Option 4: Income + Boosters – Accumulated Value of each Reduced
Paid-up Guaranteed Income Payouts and accrued Booster Addition at
REDUCED PAID-UP VALUE compound interest of 5% p.a. from their respective date of income pay-
ment till maturity date shall be payable as lumpsum at maturity date.
If a policy has acquired a non-zero surrender value and future due instalment premiums
are not paid, the policy will continue as a paid up policy with reduced benefits. However, Where,
the policyholder shall have the option to surrender the policy.
Reduced Paid-up Guaranteed Income payout = {Total Premiums Paid
If the policyholder does not surrender the policy and policy continues with reduced plus Accrued Guaranteed Additions}/ Number of Instalment Premiums
benefits following shall be payable: payable
The policy cover terminates with the payment of reduced maturity
REVIVAL
TERMS & CONDITIONS
You can revive your lapsed / Paid-up policy and the riders for its full coverage within five
consecutive years from the due date of the first unpaid premium but before policy
maturity, by paying all outstanding premiums along with the interest, as applicable. The FREE LOOK PERIOD
interest for revival of the policy will be charged at market related rates set by the
Please go through the terms and conditions of your Policy very carefully. If you have any
Company from time to time. The Company may change this interest rate from time to
objections to the terms and conditions of your Policy, you may cancel the Policy by giving
time. Currently, the Company charges 8.0% compounded annually interest on revivals.
a signed written notice to us within 15 days (30 days in case the Policy is sold to You
The rate of interest is calculated as the 10 Year G-Sec rate as on 1st of April plus 50 basis through Our Website) from the date of receiving your Policy, stating the reasons for your
points, rounded up to the nearest 50 basis points. The Company will review the rate on an objection and you will be entitled to a refund of the premium paid, subject to a deduction
annual basis in April based on the prevailing 10 Year G-Sec rate. However, under special of proportionate risk premium for the period of cover, stamp duty and/or the expenses
circumstances where the prevailing 10 Year G-Sec rate is changing in excess of 200 basis incurred on medical examination (if any).
points from the G-Sec rate used for calculating the current interest rate, the company
shall review the interest rate based on the prevailing 10 Year G-Sec rate. TAX BENEFITS
This formula will be reviewed annually and only altered subject to prior approval of IRDA
of India. Tax benefits under this plan may be available as per the provisions and conditions of the
Income Tax Act, 1961 and are subject to any changes made in the tax laws in future. Please
Revival of the policy and riders, if any, is subject to Board approved underwriting policy. consult your tax advisor for advice on the availability of tax benefits for the premiums paid
A surrendered policy cannot be revived. and proceeds received under the policy.
In the event of revival of the policy as per terms and conditions stated above, Guaranteed
Additions and Booster Additions (if applicable) corresponding to all the installment EXCLUSIONS
premiums paid on revival shall accrue in the policy as if the policy had continued without
any break. 1) Suicide exclusion:
If the Life Assured’s death is due to suicide within twelve months from the date
The benefit payouts will be as mentioned below: of commencement of the risk or from the Date of Revival of the Policy as
Revival during PPT: All benefit payouts shall be made when due as if the policy had applicable, the Nominee of beneficiary of the Policyholder shall be entitled to
continued without any break. 80% of the total Premium paid under the Policy till the date of death or Surrender
Value available as on the date of death, whichever is higher, provided the Policy
Revival after PPT: Sum of all Guaranteed Income Payouts (if any) payable during the is in Inforce status. We shall not be liable to pay any interest on this amount.
period for which the policy was in reduced paid-up status shall be accumulated at 5%
interest rate and will be paid as lumpsum upon revival of the policy. The other benefits
which fall due subsequently in the policy tenure shall be paid as and when due. 2) Waiting Period for policies sourced through POSP:
For policies sourced through Point of Sales Persons (POSP), a Waiting Period of
90 days will be applicable from date of acceptance of risk. In the event of death
(except accidental death) within Waiting Period, 100% of Total Premiums Paid
TERMINATION shall be payable to the nominee.

The Policy will be terminated on the earliest of the following: NOMINATION


o Cancellation during Free-look period
Nomination should be in accordance with provisions of Section 39 of the Insurance Act
o The date of Payment of Surrender Value
1938 as amended from time to time. Nomination of this Policy is not applicable if the
o At the expiry of the Revival period, when the Policy has not been reinstated and Policy has been effected under Section 6 of the Married Women’s Property Act 1874.
provided the said Policy has not acquired any Paid-Up Value
o Upon payment of death claim or maturity claim amount ASSIGNMENT
o On return of eligible premium/surrender value under suicide clause
Assignment should be in accordance with provisions of Section 38 of the Insurance Act
1938 as amended from time to time. Assignment of this Policy is not applicable if the
Policy has been effected under Section 6 of the Married Women’s Property Act 1874.
18
ABOUT PNB METLIFE REACH US

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life
insurance companies in India. PNB MetLife has as its shareholders MetLife International IRDA of India Registration number 117
Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited CI No.: U66010KA2001PLC028883
(JKB), M. Pallonji and Company Private Limited and other private investors, MIHL and PNB Product UIN: 117N124V05
being the majority shareholders. PNB MetLife has been present in India since 2001.
PNB MetLife brings together the financial strength of a leading global life insurance
provider, MetLife, Inc., and the credibility and reliability of PNB, one of India's oldest and Call us Website
Toll-free at 1-800-425-6969 Say Hi to khUshi on
leading nationalised banks. The vast distribution reach of PNB together with the global
insurance expertise and product range of MetLife makes PNB MetLife a strong and www.pnbmetlife.com
trusted insurance provider.
Email Phone
For more information, visit www.pnbmetlife.com indiaservice@pnbmetlife.co.in +91-22-41790000

Write to us
EXTRACT OF SECTION 41 OF THE INSURANCE ACT, 1938, Unit No. 701, 702 & 703, 7th Floor, 1st Floor, Techniplex -1,
AS AMENDED FROM TIME TO TIME STATES West Wing, Raheja Towers,
26/27 M G Road, Flyover, Goregaon (West),
Bangalore - 560001 Mumbai – 400062, Maharashtra.
(1) No person shall allow or offer to allow, either directly or indirectly, as an inducement
to any person to take out or renew or continue an insurance in respect of any kind of
risk relating to lives or property in India, any rebate of the whole or part of the
commission payable or any rebate of the premium shown on the policy, nor shall any
person taking out or renewing or continuing a policy accept any rebate, except such
rebate as may be allowed in accordance with the published prospectuses or tables
of the insurer.
(2) Any Person making default in complying with the provisions of this section shall be
punishable with fine which may extend to ten lakh rupees.

FRAUD AND MISSTATEMENT


Treatment will be as per Section 45 of the Insurance Act, 1938 as amended from time to
time.
• Please read this Sales brochure carefully before concluding any sale.
• This product will be available for sale through Online channel with applicable
discount which is 5% additional benefit for Limited pay and 0.5% for Single pay.
• This product brochure is only indicative of terms, conditions, warranties and
exceptions contained in the insurance policy. The detailed Terms and Conditions
are contained in the Policy Document.

18

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