PNB Metlife Met College Plan is a traditional insurance-cum-investment policy aimed towards meeting the future financial requirements of a child’s education. It is a participating policy dependent on the periodic bonuses declared by the insurer.
Insurer pays premium in case of loss of life of parent
Create wealth for child’s aspirations
Tax Free maturity amount+
12+ plans available
Invest ₹10k/month your child will get ₹1 Cr Tax Free*
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
20 years |
45 years |
Maturity Age (Last Birthday) |
- |
69 years |
Policy Term (PT) in years |
12 years |
24 years |
Premium Paying Term (PPT) |
Regular |
|
Premium Paying Frequency |
Yearly, half-yearly, quarterly, monthly and Payroll Savings Program |
|
Yearly Premium |
Rs. 18000 |
Rs. 42,44,482 |
Sum Assured |
Rs. 2,12,040 |
Rs. 5 crores |
Annual premium in Rupees
Annual Premium (Rs.) |
Sum Assured (Rs.) |
Base Premium |
Age of policyholder |
Policy Term |
18000 |
221400 |
18556 |
28 |
12 years |
50000 |
615000 |
51545 |
28 |
12 years |
100000 |
1908000 |
103090 |
28 |
18 years |
250000 |
5320000 |
257725 |
28 |
20 years |
360000 |
8427600 |
371124 |
28 |
22 years |
420000 |
10684800 |
432978 |
28 |
24 years |
18000 |
219600 |
18556 |
35 |
12 years |
50000 |
610000 |
51545 |
35 |
12 years |
100000 |
1876000 |
103090 |
35 |
18 years |
250000 |
5210000 |
257725 |
35 |
20 years |
360000 |
8218800 |
371124 |
35 |
22 years |
420000 |
10365600 |
432978 |
35 |
24 years |
The policyholder has to fill up an ‘Application form’ with identity proof, bank account proof, address proof and a recent photograph. Select cases may require income proof.
You May like to Read: PNB Met Life Child Plans |
*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
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