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Pnb Metlife Wealth Plans

Wealth plans are those that help individuals increase their wealth by investing in mutual funds. Usually, companies offering these plans collect premiums from policyholders and invest the same in equity and debt funds, which are carefully chosen by a fund manager hired for this purpose. Benefits of investing in these plans are that they help people grow their portfolio while still paying a small premium. Other advantages of these funds include tax benefits based on the Income Tax Act. These plans offer life coverage to the policyholder.

PNB MetLife, the Indian and American-based joint venture, has a variety of unit-linked wealth plans that cater to a varied demographic which has different investment goals. For instance, there are plans which help them choose the way their money will be invested and there are also plans that auto rebalance portfolios to decrease losses and maximise gains.

Benefits of Wealth Plans offered by PNB MetLife

Some of the benefits associated with the wealth plans from PNB MetLife are:

  • 15 days free-look period
  • Partial withdrawal are allowed
  • Option of discontinued policy fund after 5 years
  • Get protection up to the age of 99 years
  • Invest in 6 different funds
  • Flexible premium payment options
  • Variety of policy terms
  • Flexible options to increase or decrease the sum assured according to changing needs during your life
  • Auto rebalancing option
  • Tax benefits as per the Income Tax Act, 1961

List of Wealth Plans offered by PNB MetLife

PNB MetLife has four wealth plans in its roster, of which some of them are available to be bought online which other can only be bought through offline means. These plans are as follows:

  • MetLife Mera Wealth Plan
  • MetLife Smart Platinum
  • MetLife Easy Super
  • MetLife Smart One

MetLife Mera Wealth Plan:

The Mera Wealth plan provides great opportunities to take advantage of the market and satisfy your risk appetite. PNB MetLife offers this plan to individuals from the age of 30 days up to the age of 60. The Mera Wealth Plan from PNB MetLife is designed to help you build up a fund to meet your life goals through strategic investment in the market, along with life insurance cover. You will also be eligible to receive loyalty additions for sticking with the plan. The plan has 6 fund options, along with the option to manage it on your own or opt for a systematic transfer. With the PNB MetLife Mera Wealth Plan, you stand to benefit from the following:

  • You will be entitled to death benefits and maturity benefits
  • Receive Loyalty Additions with this plan
  • Turn your hard earned savings into good investments with better returns
  • Choose to self-manage the investment or opt for the Systematic Transfer Option
  • Protect your investment with life coverage
  • Flexible Premium Payment options
  • Receive payouts as you like in the form of a lump sum or structured payouts
  • Tax benefits as per the Income Tax Act 1961
Plan Name Premium Payment Options Entry Age Maturity Age Minimum Annualised Premium (Premier mode) Minimum Annualised Premium (Online mode)
MetLife Mera Wealth Plan Single Pay 0 years (30 days) to 60 years 80 years Rs.1 lakh Rs.1 lakh
5 Pay 0 years (30 days) to 54 years 74 years Rs.1 lakh Rs.30,000
10 Pay 0 years (30 days) to 60 years 80 years Rs.24,000 Rs.24,000
Regular Pay 0 years (30 days) to 60 years 80 years Rs.24,000 Rs.24,000

MetLife Smart Platinum:

MetLife offers this Smart Platinum plan that enables you to enhance your investment portfolio with the option of six different funds. Under this plan, the value of the payout depends on the performance of the funds selected by you. This is a unit-linked insurance plan, takers of this plan must know that the investment risk will be borne by you. The policy provides protection till the age of 99 years with a premium payment period of 5 years, 10 years or your whole life. With the MetLife Smart Platinum Plan, you stand to benefit from the following:

  • Coverage till the age of 99 years
  • The total fund value in the unit account will be the value of the maturity benefit once you attain the age of 99 years
  • In case of your unfortunate demise during the policy term or before the maturity date, the person you nominate will receive the death benefit
  • Choice to invest in 6 unit-linked funds to suit your risk appetite
  • Flexible premium payment terms of 5 years, 10 years or the entire term
  • Partial withdrawal options allows for liquidity during times of financial need
  • Auto rebalancing option at fund value movements selected by you which enable you to gain from market opportunities
  • Flexible options to increase or decrease the sum assured according to changing needs during your life
  • Tax benefits as per the Income Tax Act 1961
Plan Name Entry Age Maturity Age Premium
MetLife Smart Platinum 7 years to 70 years 99 years Annual - Rs.30,000 Others - Rs.60,000

MetLife Easy Super:

The MetLife Easy Super plan is a unit-linked life insurance plan offered by MetLife that extends flexible options to customers who wish to build their investment portfolio. Investment risk under this policy is borne by the customer. Under this plan, there are 6 different funds that are available for customers to choose from according to their appetite for risk. The plan also provides an option to actively manage the portfolio on your own or choose an auto rebalancing strategy that will help you capitalise on market opportunities. With the MetLife Easy Super Plan, you stand to benefit from the following:

  • Affordable premium rates starting at 12,000 p.a.
  • Get dual benefits of protection and investment under one plan
  • Choice to self-manage funds or choose to auto rebalance
  • Choice to invest in 6 unit-linked funds to suit your risk appetite and switch when you want
  • Flexible premium redirection options allows you to allocate future premiums to a chosen fund
  • Flexible premium payment terms of 15 years or 20 years
  • Auto rebalancing option at fund value movements selected by you which enable you to gain from market opportunities
  • Flexible options to increase or decrease the sum assured according to changing needs during your life
  • Tax benefits as per the Income Tax Act, 1961
  • Partial withdrawal options allows for liquidity during times of financial emergencies
Plan Name Entry Age Maturity Age Premium
MetLife Easy Super 18 years to 60 years Not specified Rs.12,000 p.a. to Rs.1.2 lakh p.a.

MetLife Smart One:

The Smart One Plan is a unit-linked, non-participating life insurance plan. With the MetLife Smart One Plan, you can have peace of mind knowing that your family is financially protected in case something were to happen to you. This unit-linked life insurance plan does not participate in bonuses declared by MetLife, but gives you the opportunity to take advantage of the market highs. The MetLife Smart One Plan has dual benefits of investment and protection under one plan. With just one single premium payment, you can enjoy cover for up to 20 years. This plan gives you access to 6 different unit-linked funds and the option to manage them on your own or opt for an auto-rebalance. With a Stop Loss Option available, you can protect yourself from market falls and keep your investment safe. This policy is an ideal way of securing your family’s standard of living and status. Under this plan, you will receive the following key benefits:

  • Get the benefits of investment and protection in one plan
  • Pay one single premium
  • Enjoy loyalty additions that help accelerate wealth creation
  • Avail tax benefits under the Income Tax Act, 191
  • Choose between 6 funds to maximise market advantages
  • Choice of 2 investment strategies: Self-managed and Auto rebalance
  • Enjoy liquidity of funds with the partial withdrawal option from the 5th policy anniversary
  • Protect yourself from market lows with the Unique Stop Loss options
Plan Name Entry Age Maturity Age Premium
MetLife Smart One 3 months (0 years) to 65 years 18 years to 75 years Rs.18,000 to Rs.5 lakh p.a.

Why do you need a wealth plan from PNB MetLife?

In partnership with Punjab National Bank, Metlife has offered top-notch services in the country since 2001. Servicing customers through over 7,000 locations across India, PNB MetLife has grown rapidly and secured a top position among other insurers. As a leader in the global insurance market, MetLife offers a wide range of products that span across investment, insurance, protection and retirement. Customers can choose from a plethora of products that suit their needs and their budget. Along with your investment, you will also receive insurance coverage that will provide financial protection for your family and loved ones.