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