PNB Met Smart One Plan

PNB Met Smart One Insurance policy is a single premium Unit Linked Insurance Plan. It offers a host of investment management options along with Loyalty Additions that help to create and accelerate the wealth of its customers.

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

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

In-built life cover
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*
+91
Secure
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~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

Key Features

  • This policy is a ULIP and is a convenient investment cum protection plan.
  • The policyholder has a variety of options for building his investment portfolio; six funds are available for investment with this policy. The policyholder also has a choice of stocks, bonds and money market funds.
  • Policyholders are protected from market downswings with the unique Stop Loss option.
  • Liquidity options are available with the Partial Withdrawals.
  • Loyalty additions help to accelerate wealth.

Benefits

  • The policyholder has the choice of two investment strategies; one is the Self Managed option and the other is the Auto Rebalancing option. The Self Managed option gives the policyholder the freedom to manage his or her investment portfolio independently. There is a choice of six Unit Linked Fund options for the policyholder.

The Auto Rebalancing option is ideal for customers who do not wish to maintain their portfolio on a regular basis. The funds are allocated to the Flexi Cap Fund and Protector II Fund in proportions chosen by the policyholder.

  •  Policyholders have the option to receive the Maturity Benefit as a lump sum or as structured payments using the Settlement Option facility
  • If the person insured passes away, the nominee receives the Death Benefit. The Death Benefit payable is higher of the following:
    (1) The Single Premium Fund Value, or 
    (2) The Sum Assured less Partial Withdrawals or 
    (3) 105% of the Single Premium paid.
  • The Stop Loss option is available on the Flexi Cap Fund. It is used to protect policyholders from market downswings.
  • Tax benefits are available under this policy as per the Income Tax Act under sections 80 (C) and 10(10D).
  • Loyalty Additions are available with this policy. The percentage of Loyalty Additions varies, according to the size of the Single Premium. It is credited to the policy at the end of every Policy year starting from the sixth year to the tenth year.
  • Partial withdrawals are permitted after five years from the commencement of the policy. After five years, partial withdrawals can be made, subject to the condition that the withdrawal amount is a minimum of Rs. 5000 and should not exceed 5% of the Total Fund Value.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday) for Life Insured

Three months

65 years

Maturity Age (Last Birthday)

18

75 years

Policy Term (PT) in years

   10 years

20 years

Premium Paying Term (PPT) in years

Single

Premium Paying Frequency

Single

Yearly Premium

Rs. 18000

Rs. 5,00,000

Sum Assured Multiple

Five times of the single premium in the first policy year & 1.25 times of the single premium for the remaining term of the Policy

       

People also read: pnb metlife small cap fund nfo

Details About Premium

Annual premium in Rupees

Age of life insured

Premium (Rs.)

Sum Assured (Rs.)

Policy Term (years)

25

18000

90000

10

30

400000

2000000

15

40

75000

375000

20

55

500000

2500000

20

Policy Details

Grace Period: As the premium is paid only once on the purchase of the policy there is no Grace Period for this Policy.

Policy Termination or Surrender Benefit:

The customer may surrender his or her investment before maturity at any time during the plan year after five years of the Policy Term. Upon surrendering, the Total Fund Value is payable upon processing of the surrender request. If the policy is surrendered within the first five years from the start of the plan, then the fund value is transferred to what is called as the Discontinued Policy Fund. A minimum Guaranteed Interest rate of 4% p.a. or as declared by the authority from time to time, will be earned. The Fund Management Charge on the Discontinued Policy Fund shall not exceed 0.5% per year on the Discontinued Fund. The fund value is payable on the first working day of the sixth policy year.

Free Look Period: The policy may be cancelled if the customer so wishes, within 15 days of receiving the policy document. The amount refunded is equivalent to non-allocated Premiums plus charges levied through cancellation of units plus Fund Value at the cancellation date. This amount is subject to deduction of expenses towards stamp duty, medical examination and proportionate risk premium.

Additional Features or Riders

  • There are various charges that apply to this policy. They are as follows:
    • Premium Allocation Charge is deducted from the Single Premium paid by the customer. The balance is invested to buy units
    • Policy Administration Charge is deducted by the cancellation of units on a monthly basis.
    • Fund Management Charges are adjusted while calculating the NAV of the Unit Linked Funds each day.
    • At the beginning of each month, Mortality Charges are deducted by cancellation of units at the relevant NAV.
    • Switching Charge – There is a limit of four free switches allowed in a single policy year. Subsequently each switch is charged at Rs. 250.
    • Partial Withdrawal Charge – This policy allows one partial withdrawal free of cost in a policy year from the Top Up Fund or the Single Premium. For subsequent withdrawals, there is a charge Rs. 250 per withdrawal.
    • Miscellaneous Charge in which Rs.250 is levied for various alterations such as a change in the Base Sum Assured, Premium Redirection, etc.

Exclusions

      • The term insurance cover is void if the person insured, whether sane or insane at the time, commits suicide within one year from the start of the policy cover. The company will refund only Fund Value in the unit account as on the date of death. The same is applicable if the person insured commits suicide within one year from the date of last reinstatement. Any charges that are recovered subsequent to the date of death will be paid back to the nominee along with the Death Benefit.

Documents Required

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.

*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

Investment Plan
Insurers Offering Guaranteed Return Plans

Aditya Birla Sun Life

Bajaj Allianz

Max Life

HDFC Life

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

SBI Life

Aviva

Bandhan Life

Canara HSBC

IDBI Federal

IndiaFirst

Pramerica Life

Reliance Life

Sahara Life

Shriram Life

Star Union

View more insurers
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
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
Tips for Single Mothers to Financially Secure Their Future

17 Jul 2024

Being a single mother comes with unique challenges, especially
Read more
Market Linked Investment

17 Jul 2024

Market Linked Investments in India are a mix of traditional
Read more
Money Management Tips

04 Jul 2024

Effective money management is important for achieving financial
Read more
ICICI Prudential Capital Guarantee Solution

27 Jun 2024

ICICI Prudential Capital Guarantee Solution is a specifically
Read more
Difference Between Savings and Investment Plans

17 Jun 2024

Savings and investment plans are important financial tools with
Read more
20 Best Investment Options in India in 2024
  • 04 Apr 2014
  • 1844327
Investing in the best investment options in India helps to maximize your returns and fulfill your immediate and
Read more
Best NRE Savings Accounts for NRIs in 2024
  • 28 Jan 2022
  • 27654
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2024
  • 13 Feb 2020
  • 74082
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
How to Change Mobile Number in Post Office Account Online?
  • 20 Nov 2021
  • 17778
Indian Post Payment Bank (IPPB) is the banking division of the Department of Post (Ministry of Communications)
Read more
Short Term Investments Options
  • 10 Feb 2014
  • 474478
Short-term investments are financial assets that can be easily converted to cash within a short period, ranging
Read more

PNB Met Smart One Plan Reviews & Ratings

/ 5 (Based on 23 Reviews)
(Showing Newest 10 reviews)
Sumit
Rajasthan, July 22, 2024
Incredibly Easy
PolicyBazaar website made it incredibly easy to understand the different types of insurance and what each policy offered.
Mana
Maharashtra, July 22, 2024
Very Impressed With Impressed
I brougtht a term plan from the Policybazaar website and what impressed me most was the transparency and the detailed information of available at the platform.
Kabir
Maharashtra, July 22, 2024
Perfect and Simple
Found a perfect and simple plan from Kotak Life on Policybazaar. The detailed comparison made it easy to decide.
Adnan
Maharashtra, July 22, 2024
Detailed and Reliable
Policybazaar truly offers some of the most affordable premiums on term insurance plans online.
Shafibul
Andhra Pradesh, July 22, 2024
Affordable and Comprehensive
With HDFC Lifes C2P Super Term Insurance, I found an affordable and comprehensive solution to safeguard my family. As a single mother, its crucial to have high sum assured at an affordable premium. HDFC Life delivered exactly what I needed.
Akkash
Uttar Pradesh, July 22, 2024
Comprehensive and Trustworthy
Choosing HDFC Lifes Click 2 Protect Super was the best decision. The comprehensive coverage, including disability and disease protection, made it a trustworthy choice.
Yognder
Uttar Pradesh, July 22, 2024
Easy Application Process
Aegon iTerm Prime Term Plan had an easy application process, and the support team was very helpful. Now I feel my familys future is secure.
Gulab
West Bengal, July 22, 2024
Perfect for Growing Families
As our family grows, Aditya Birla term plan provided the extensive coverage we needed. The additional benefits like accidental death cover were very reassuring.
Rajiv
Gujarat, July 22, 2024
Easy Comparison
The comparison tool is very effective and easy to use at PB.
Raghunath
Rajasthan, July 22, 2024
User Friendly and Affordable
PNB MetLifes Online Term Plan was user-friendly and offered affordable premiums. It was the perfect choice for someone like me, balancing multiple financial responsibilities.
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL