PNB MetLife Child Plan

PNB MetLife Child Plans are tailored financial solutions offering a combination of protection and savings, which ensures peace of mind for parents while nurturing the aspirations of their children. PNB Met Life Child Plan is a reliable investment option that helps in fulfilling the dreams of your child.

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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What is the PNB MetLife Child Plan?

PNB MetLife provides various child insurance plans that cater to different needs and goals. These plans can be broadly categorized into two main types:

  • Child Education Plans: These plans are designed to help you accumulate a corpus that can be used for your child's future education needs. They offer features like guaranteed benefits, increasing income benefits, and flexibility in choosing the payout period.

  • Unit Linked Child Plans (ULIPs): These plans combine insurance coverage with investment potential. A portion of your premium goes towards providing life insurance coverage, while the remaining amount is invested in market-linked funds.

Key Features of PNB MetLife Child Plan

PNB MetLife offers a variety of child plans, each with its own unique features and benefits. Some of the common key features of PNB MetLife child plans are as follows:

  • Financial Security for Your Child: In the unfortunate event of your death, the child plan will provide a sum assured to your child, which can help you to meet your financial needs.

  • Flexibility in Premium Payment Terms: You can choose to pay premiums monthly, quarterly, or annually at your convenience.

  • Riders: You can also add riders to your child plan to provide additional benefits, such as critical illness cover, accidental death benefit, and disability benefit.

Benefits of PNB MetLife Child Plan

  • Guaranteed Maturity Benefit: This benefit ensures that you will receive a lump sum payout at the end of the policy term, regardless of the performance of the market.

  • Waiver of Premium Benefit: This benefit waives future premiums if the policyholder dies during the policy term, ensuring that the plan continues to benefit the child.

  • Loyalty Additions: Some plans offer loyalty additions, which are bonuses that are paid out at the end of the policy term based on the policyholder's loyalty.

  • Tax Benefits: Premiums paid towards child plans are eligible for tax deductions under Section 80C of the Income Tax Act, 1961.

Investment Investment
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₹10,000/Month
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₹1 Crore*
*Standard T & C Apply

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List of PNB MetLife Child Plans

PNB MetLife Insurance offers a variety of child plans to suit different needs and budgets. Some of the popular investment options offered by PNB Met Life are as follows:

PNB MetLife Child Plans

Entry Age

Maximum Maturity Age

Premium Payment Term (PPT)

Policy Term (PT)

Minimum Premium (in Rs.)

Tax Benefits u/ IT Act, 1961

PNB MetLife Genius Plan (Future Secure Option)

5-Year PPT: 18 - 55 years;

7/10 -Year PPT: 18 – 60 years;

80 years

5/ 7/ 10 years

5-Year PPT: 10 – 25 years;

7-Year PPT: 12 – 25 years;

10-Year PPT: 15-25 years.

5-Year PPT: ₹24,000 p.a.;

7/10 -Year PPT: ₹12,000 p.a.;

Section 80C and Section 10(10D)

PNB MetLife College Plan

20 - 45 years

69 years

Same as PT

12 - 24 years

₹18,000 p.a.

Section 80C and Section 10(10D)

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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

Details of PNB MetLife Child Plan:

  1. PNB MetLife Genius Plan

    The PNB MetLife Genius Plan is an individual, non-linked, non-participating, savings, life insurance plan designed to help parents save for their child's future.

    Features of PNB Met Life Genius Plan:

    • In-built Waiver of Premium on Death: This feature ensures that even if you pass away, the premiums will be waived, and your child will continue to receive the benefits.

    • Optional Protection Against Accidental Total Permanent Disability (ATPD): You can choose to add this rider to the plan for additional financial security in case of an accident.

    • Increased Income Benefits: The plan offers the option to add "Wealth Boosters" which can increase the income benefit every 5 years.

    • Higher Benefit for Girl Child: The "Child Secure" option of the plan offers a 1.5% higher benefit for girl children.

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  2. PNB MetLife College Plan

    PNB MetLife College Plan is a non-linked, participating endowment plan designed to help you accumulate funds for your child's future education. It offers a combination of guaranteed benefits and potential bonuses to help you meet your child's educational needs.

    Features of PNB MetLife College Plan:

    • Guaranteed Maturity Benefit: Get a guaranteed sum along with bonuses at maturity, ensuring a set amount for your child's education, even in a down market.

    • Survival Benefit: Receive 20% of the sum assured in the last three policy years before maturity, helping cover college expenses.

    • Death Benefit: Your beneficiary gets the sum assured and bonuses if you pass away during the policy term, securing your child's education.

    • Policy Loan: Access a loan against your policy after a certain period for emergency expenses.

    • Riders: You can add optional riders like a Waiver of Premium (WoP) or disability rider for extra benefits.

Summing It Up

The PNB MetLife Child Plan is a smart choice for parents looking to ensure their child's future is financially secure. It offers a mix of protection and investment options designed to adapt as your family grows. It is a reliable way to give your child a solid financial foundation.

People also read: pnb metlife nfo

PNB MetLife Child Plans - FAQ

  • What types of child plans does PNB MetLife offer?

    PNB MetLife Insurance offers two main types of child plans: child education plans and unit linked child plans. Child education plans focus on building a corpus for your child's future education needs, while unit linked plans offer a combination of insurance and investment, with market-linked returns.
  • What are the benefits of PNB MetLife child plans?

    Some benefits of PNB Met Life include the following:
    • Providing financial security for your child's future needs in case of unforeseen circumstances

    • Building a corpus for education or other life goals

    • Tax benefits under Section 80C of the Income Tax Act

    • Offering optional riders for additional coverage

  • What are the different plan options available?

    PNB MetLife offers various child plans with different features, terms, and benefits. Some popular options include PNB MetLife Genius Plan and PNB MetLife College Plan.
  • What happens if the policyholder dies during the policy term?

    In case of the policyholder's death, the PNB Met Life child plan typically waives future premiums and pays a death benefit to the nominee, ensuring the child's financial security.
  • How to pay premium? What are the modes of payment available?

    PNB Metlife provides the following modes for paying premium:
    • Online mode
    • cheque deposit at branch office
    • Through courier
    • Drop Box facility
    • ECS or Auto Debit facility

    For online premium payment, login to your account with Client ID and password, and click on the ‘Pay Premium’ tab for completing the process.

  • How can I check policy status for PNB MetLife child plans?

    You can check your policy status by login in with your User ID and password on the e-portal. There is a policy details tab, wherein the status of the policy can also be checked.
  • What is the policy renewal process for PNB MetLife child plans?

    You need to submit the required documents along with renewal form at any of the nearest PNB Metlife branches in your city.
  • What is the company’s process to settle claim for PNB MetLife child plans?

    The company’s claim policy requires you to intimate the company about the claim policy by letter, fax, or email.
    • Directly through any of the PNB Metlife branch offices
    • Through Advisors
    • Through claims department in the head office
    • Through regional service team

    Once all the required documents are submitted (list of documents can be found on the website) and the same is verified the claims are settled within 30 days of receipt of the same.

  • What is the policy cancellation process for PNB MetLife child plans?

    The company’s cancellation process requires you to duly fill and submit a surrender form along with policy documents to any of the PNB Metlife branches in your city. After receiving the documents and the necessary amount for cancellation, the policy will be cancelled on record for the particular policyholder.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan 2
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PNB MetLife Child Plans Reviews & Ratings

4.3 / 5 (Based on 29 Reviews)
(Showing Newest 10 reviews)
Rajat
Palsana, March 31, 2021
Beneficial plan
I have got a beneficial plan from the beneficial plan from the policybazaar related to child insurance policy. It is of pnb metlife insurance policy. Such great and affordable plans available. Thanks team.
Varun
Padampur, March 30, 2021
Tax rebate
While buying a child insurance plan I have got the tax rebate too. I bought this plan for my 3 years old son. I want his life to be safe and secured and whatever he wants to do he can achieve. I don’t want him to suffer a lot. Thanks to policybazaar for providing best pnb metlife child plan.
Srishti
Katol, March 16, 2021
Save for my child
I have saved the money for my child in the form of investment known as child insurance. I bought this plan from policybazaar and it is of pnb metlife. I am quite satisfied with the services of the policybazaar.
Amol
Athagarh, March 09, 2021
I paid online
I have taken a pnb metlife child insurance plan from the website of the policybazaar. I have paid online premium which is easy to pay and all things are transparent in nature.
Gunjan
Ahmednagar, October 18, 2016
Child Future Plan
I purchased a child insurance policy for my child which has low premiums and the service provided by the pnb metlife life insurance company is fantastic. Online renewals makes more easy due good service of online portal which is very simple and easily accessible.
Saurabh
Jamnagar, August 25, 2016
Child Care
Best child insurance policy which has maximum benefits in low premium. The insurer is pnb metlife life insurance. Service provided by them is fabulous and on time. Policy coverage is ~90% and the claims is easily sanctioned.
Tarun
Brahampur, July 26, 2016
Pnb insurance plan
The metlife life insurance is very good insurance company and buy child insurance plan. Now i'm tension free for my child's future. It's coverage is high and claims are even better. Updates are seen on the website. The renewals can be done by the online portal which is easy to use.
Ratika
Chunaar, July 11, 2016
Child Plan
Child insurance policy for my child in less investment. Service is fast provided from your side and even the online portal service is easy interface and access by anyone. Policy coverage and claims are high. Claiming is easy due to fast service.
Garima
Bawal, June 29, 2016
Good
My child'd future is secure with child insurance plan. The policy provide number of benefits which control my tension for his future. The policy coverage is high, Claims sanctioned easily due to quick service provided by the company members.
Pooja
Agra, April 14, 2016
Average Policy
I own pnb metlife child insurance policy plan which is an average one. The service is solid fast and the policy coverage is approx. 79%. The claims are okay but the claiming process is bit lengthy. Executives and staff members are doing great work with good response. Okay policy and good for tax saving. Good for middle class person.
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