PNB MetSmart Child Insurance policy is a Unit Linked Insurance Plan that is used to take care of future costs for a child, be it rising educational fees or extracurricular activities, etc.
|
Minimum |
Maximum |
Entry Age (Last Birthday) for Life Insured |
18 years |
55 years |
Entry Age (Last Birthday) for beneficiary |
90 days |
17 years |
Maturity Age (Last Birthday) |
|
75 years |
Policy Term (PT) in years |
10,15 and 20 years |
|
Premium Paying Term (PPT) in years |
Equal to Policy Term – 10, 15 and 20 years |
|
Premium Paying Frequency |
Annual, Semi-Annual, Quarterly, Monthly and Payroll Savings Program |
|
Yearly Premium |
Rs. 18000 |
2 lakhs |
Sum Assured |
10 times the chosen Annual Premium |
Annual premium in Rupees
Age of the policyholder |
Sum Assured (Rs.) |
Annual Premium (Rs.) |
Policy Term (yrs) |
18 |
180000 |
18000 |
10 |
18 |
180000 |
18000 |
15 |
30 |
1200000 |
120000 |
10 |
30 |
1400000 |
140000 |
20 |
55 |
500000 |
50000 |
20 |
Sum Assured is 10 X Annualized Premium |
There are various charges that apply to this policy. They are as follows:
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 |