PNB MetLife Bhavishya Plus Plan

PNB MetLife Bhavishya Plus Plan is a traditional savings and investment plan that provides policyholders with the triple benefit of guaranteed savings, protection and money back. This is an ideal policy for those looking to address long-term financial needs and is a way to provide for their near and dear ones when they are not around.

Read more
Best Investment Plans
  • Save Upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

PNB MetLife Bhavishya Plus -  Key Features 

  • The policy provides long-term savings and coverage for a period of twelve to twenty-four years.
  • Financial provision made for the family members of the policyholder even in the unfortunate event of the insured's death
  • Benefits of tax are eligible on the policy purchase and the premiums paid under sections 80(C) and 10 (10D) of the Income Tax Act. 

PNB MetLife Bhavishya Plus - Benefits 

Maturity Benefit is paid if the person whose life is insured is alive when the policy matures, he or she receives 40% of the Base Sum Assured plus accrued Simple Reversionary Bonus plus Terminal Bonus.

If the person insured is alive, the policyholder receives Survival Benefits for three policy years before the maturity date. The Survival Benefit is equal to 20% of the Base Sum Assured.

In the event of the passing away of the person insured, the nominee receives the Death Sum Assured plus Accrued Reversionary Bonus. 

Additionally, future payable premiums are waived off. The nominee receives a fixed amount of 20% of the Base Sum Assured paid at the closure of each policy year in the last three years before the policy matures. The nominee receives 40% of the Base Sum Assured plus Simple Reversionary Bonus and Terminal Bonus if any, on the policy term end. 

Simple Reversionary Bonus is added to the policy from the start of the third policy year and continues until maturity. Terminal Bonus is added at the start of the sixth policy year. 

PNB MetLife Bhavishya Plus - Product Specification:




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) in years


Premium Paying Frequency

Annual, Semi-annual, Monthly, Payroll Savings Program

Yearly Premium

Annual :Rs. 8000, Semi-annual: Rs. 10,000, Monthly: 15,000

Rs. 17,999

Sum Assured

Rs. 92,320 (Based on lowest Sum Assured multiple allowed under the Plan)

Rs. 500,00


Details About Premium

Annual premium in Rupees


Annual Premium (Rs.)

Payment Mode

Policy Term (years)

Sum Assured (Rs.)




12 yrs





12 yrs





12 yrs





20 yrs





20 yrs





20 yrs


People also read: pnb metlife small cap fund nfo

PNB MetLife Bhavishya Plus - Policy Details 

Grace Period: The insured is allowed a grace period of 30 days if he fails to pay his premiums by the premium due date. If the insured fails to pay his monthly premiums, then a 15 days grace period is allowed to pay his premiums. This timeframe is reduced to 15 days if payments are being done on a monthly basis. 

Policy Termination or Surrender Benefit: This policy acquires Surrender Value on the completion of three full policy years with the provision that all premiums were paid. The policy is terminated upon the earliest of the following: on payment of the Surrender Benefit, or Death Benefit or Maturity Benefit. The policy will also be terminated at the end two years after the policy has lapsed. 

Free Look Period: The insured gets a free look-up period of 15 days to review his plan on receiving his policy documents within which he can evaluate his plan in the light of his basic requirements. If the insured feels that he is not happy with the features and benefits of this plan then he is free to cancel his plan within 15 days of receiving the policy documents. All the premiums paid under this plan shall be refunded after making required deductions of the medical expenses, stamp duty charges and administrative expenses if any. 

A Policy loan facility can be availed, provided it does not exceed 90% of the policy's Special Surrender Value at the close of the relevant policy year.

If the insured has paid premium for at least 3 years and subsequently stops paying them, then the benefits of the policy shall be reduced proportionately. This reduction is called Reduced Paid-up Value.

Reinstatement of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the date of the lapse. Sufficient evidence of insurability has to be provided to the company, and all due premiums and interest accumulated have to be paid at the time of reinstatement.

A surrendered policy is not eligible for reinstatement. 


Suicide: If the insured commits suicide within first year from the plan inception, then 80% of the premium shall be paid to his beneficiaries. And, if the insured commits suicide within the first year of plan renewal, then a higher of Surrender Value on death and 80% of premiums paid till date shall be payable. 

Documents Required

Below are the documents which are required to be insured under PNB MetLife Bhavisya Plus:

  • Duly filled Application form/Proposal form
  • Age Proof
  • Bank Account Proof
  • Residential Proof
  • Other KYC documents; PAN Card, Adhaar Card, Tax Details etc
  • Past Medical History 

**The documents required are subject to the plan options and the sum assured chosen.

You may also like to read: PNB MetLife Investment Plans

Frequently Asked Questions: 

What are the conditions for termination of the policy?

The policy shall be terminated on occurrence of any of the following events:

  • On payment of policy surrender benefits
  • After 2 years of premium non-payment, if the policy has not been renewed given, the plan has not acquired any Paid-Up value.
  • On payment of maturity benefits.
  • On the death of the insured. 

What are the conditions for nominations?

The insured may nominate a minor at the policy inception, given he appoints an appointee to avail his benefits:

  • In case the nominee predeceases, the policyholder can add a nominee and continue the plan.
  • In case the nominee dies after the death of the policyholder, the plan shall continue to pay its benefits, as due to the legal successor. 

*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:-

Investment Plan
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
You Get
₹80 Lakhs*
You Invest
You Get
₹50 Lakhs*
You Invest
Average Rating
(Based on 0 Reviews)
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
SBI NRI Account

07 Feb 2024

The State Bank of India (SBI) NRI account is designed for
Read more
How Thanks giving and Black Friday Affect The Indian Stock Market?

23 Nov 2023

Black Friday and Thanksgiving mark the beginning of the holiday
Read more
Axis Bank NRI Account

11 Oct 2023

The Axis Bank NRI Account is a gateway to seamless banking
Read more
ICICI Bank NRI Account

09 Oct 2023

The ICICI NRI Account is a specialized banking solution designed
Read more
Long - Term Income Plans

11 Sep 2023

Long-Term Income Plans are strategic financial products that
Read more
20 Best Investment Options in India in 2024
There are many financial products available in the market with different investment objectives. Choosing the best
Read more
Best NRE Savings Accounts for NRIs in 2024
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
Short Term Investments Options
Short-term investments are financial assets that can be easily converted to cash within a short period, typically
Read more
How to Change Mobile Number in Post Office Account Online?
Indian Post Payment Bank (IPPB) is the banking division of the Department of Post (Ministry of Communications)
Read more
Post Office Monthly Income Scheme - MIS Interest Rate 2024
The Post Office Monthly Income Scheme is a secure and popular investment option in India, backed by the
Read more

Download the Policybazaar app
to manage all your insurance needs.