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    Century Bonus Declaration FY2023-24

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    itsajay.mehta1991

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    Century Bonus Declaration FY2023-24

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    itsajay.mehta1991
    24 views2 pages

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    Century_Bonus_Declaration_FY2023-24

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    24 views2 pages

    Century Bonus Declaration FY2023-24

    Uploaded by

    itsajay.mehta1991

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    PNB MetLife Century Plan – Bonus Rates for FY 2023 - 24

    Smart Income Option (Maturity Age 100 years)


    Age Premium Payment Term (PPT)
    Group 5 6 7 8 9 10 12 15
    0 - 25 15.60% 18.95% 21.90% 24.80% 27.45% 29.60% 33.85% 39.25%
    26 - 35 14.60% 18.10% 21.15% 24.15% 26.90% 29.10% 33.25% 38.40%
    36 - 40 13.75% 17.30% 20.45% 23.50% 26.30% 28.60% 32.55% 37.50%
    41 - 45 12.75% 16.45% 19.70% 22.80% 25.70% 28.00% 31.70% 36.25%
    46 - 50 11.45% 15.30% 18.65% 21.90% 24.90% 27.15% 30.45% 34.70%
    51 - 55 9.10% 13.15% 16.60% 20.00% 23.05% 25.30% 28.30% 32.10%
    56 - 65 NA NA NA NA NA 22.75% 25.35% 28.55%

    Smart Income Option (Maturity Age 80 years)


    Age Premium Payment Term (PPT)
    Group 5 6 7 8 9 10 12 15
    0 - 25 15.60% 18.95% 21.90% 24.80% 27.45% 29.60% 33.85% 39.25%
    26 - 35 14.60% 18.10% 21.15% 24.15% 26.90% 29.10% 33.25% 38.40%
    36 - 40 13.75% 17.30% 20.45% 23.50% 26.30% 28.60% 32.55% 37.50%
    41 - 45 12.75% 16.45% 19.70% 22.80% 25.70% 28.00% 31.70% 36.25%
    46 - 50 11.45% 15.30% 18.65% 21.90% 24.90% 26.75% 29.85% 33.70%
    51 - 55 9.10% 13.15% 16.60% 20.00% 23.05% 24.30% 26.90% 30.05%
    56 - 65 NA NA NA NA NA 20.55% 22.45% 24.55%

    Super Income Option (Maturity Age 100 years)


    Age Premium Payment Term (PPT)
    Group 5 6 7 8 9 10 12 15
    0 - 25 10.05% 12.60% 15.00% 17.45% 19.80% 21.95% 26.25% 32.45%
    26 - 35 9.40% 12.00% 14.45% 16.95% 19.45% 21.60% 25.90% 31.95%
    36 - 40 8.80% 11.50% 14.00% 16.55% 19.10% 21.30% 25.50% 31.35%
    41- 45 8.20% 10.90% 13.50% 16.15% 18.70% 20.95% 25.00% 30.60%
    46 - 50 7.35% 10.20% 12.85% 15.55% 18.20% 20.50% 24.25% 29.60%
    51 - 55 5.85% 8.80% 11.50% 14.30% 17.05% 19.35% 22.85% 27.80%
    56 - 60 NA NA NA NA NA 17.70% 20.85% 25.25%

    PNB MetLife India Insurance Company Limited | Registered Office: Unit No. 701, 702 and 703, 7th Floor, West Wing, Raheja Towers, 26/27 MG
    Road, Bengaluru – 560001, Karnataka or write us at: 1st Floor, Techniplex 1 – Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West),
    Mumbai – 400062 | CI No. U66010KA2001PLC028883
    Super Income Option (Maturity Age 80 years)
    Age Premium Payment Term (PPT)
    Group 5 6 7 8 9 10 12 15
    0 - 25 10.35% 12.85% 15.25% 17.65% 20.05% 22.15% 26.35% 32.45%
    26 - 35 9.90% 12.50% 14.95% 17.40% 19.85% 21.95% 26.05% 31.95%
    36 - 40 9.55% 12.20% 14.65% 17.15% 19.60% 21.75% 25.75% 31.50%
    41- 45 8.90% 11.55% 14.05% 16.60% 19.05% 21.20% 25.05% 30.55%
    46 - 50 7.95% 10.65% 13.15% 15.70% 18.20% 20.25% 23.90% 29.05%
    51 - 55 6.70% 9.40% 11.85% 14.35% 16.80% 18.80% 22.10% 26.65%
    56 - 60 NA NA NA NA NA 16.45% 19.15% 22.75%

    Notes:

    1. Cash bonus declared is as % of Annualized Premium and includes minimum guaranteed amount
    2. Where Family care Benefit is chosen in PNB MetLife Century Plan, the annualized premium used to derive
    the benefits on survival and maturity will be subject to a guaranteed rate of reduction to cover the
    additional cost of mortality arising from such policies.
    3. Annual Cash Bonus Rates as a % of Annualized Premium for Annualized Premium > Rs. 1/3/5 lakh will be
    0.5%/1%/1.2% more than illustrated in the table above for all Age, PPT combinations.
    4. Annual Amount refers to the Cash Bonus paid in respect of annual frequency which will be converted to
    other frequencies as per the following factors:

    Income Payout Frequency Income Payout Factor


    Annual 100% of Annual Amount
    Half-Yearly 97% of Annual Amount x 1/2
    Quarterly 96% of Annual amount x 1/4
    Monthly 95% of Annual Amount x 1/12

    5. The above bonus rates will be applicable to the policies which are eligible for cash bonus under this
    product from July 2024 until the bonus is declared for FY’2024-2025.

    PNB MetLife India Insurance Company Limited | Registered Office: Unit No. 701, 702 and 703, 7th Floor, West Wing, Raheja Towers, 26/27 MG
    Road, Bengaluru – 560001, Karnataka or write us at: 1st Floor, Techniplex 1 – Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West),
    Mumbai – 400062 | CI No. U66010KA2001PLC028883

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