PNB Metlife Super Saver Plan

The PNB Metlife Super Saver Plan is an Individual, Non-linked, Participating, Savings, Life insurance plan designed to help you achieve your financial goals and protect your family. It combines savings and protection benefits, offering a secure and reliable way to build wealth and ensure a comfortable future.

Read more
kapil-sharma
  • 4.8~ Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

Investment Plans

  • Guaranteed Tax Savings^Under sec 80C & 10(10D)
  • Under sec 80C & 10(10D)Invest ₹10k Per Month*
  • Zero LTCG Tax^
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
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

What is the PNB Metlife Super Saver Plan?

The PNB Metlife Super Saver Plan is an individual, non-linked, participating, savings, and life insurance plan designed to help you achieve your financial aspirations and protect your family. As you embark on your career journey, this plan allows you to accumulate savings systematically while providing long-term financial security. The plan also includes a waiver of premiums benefit, ensuring that your savings goals are not compromised in the event of critical illness or unforeseen circumstances.

Features of PNB Metlife Super Saver Plan

Below are the features of the PNB Super Saver Plan: 

  • Financial Strength and Goal Achievement: This investment plan helps you accumulate a substantial sum of money over time, enabling you to achieve your financial aspirations.

  • Savings and Family Care: The Savings + Family Care option provides dual benefits. It ensures long-term savings for your future while also offering financial protection for your family. In the unfortunate event of the policyholder's death, the maturity benefit is paid as scheduled, and no further premiums are required.

  • Critical Illness Protection: With the Waiver of Premium benefit on critical illnesses, you can safeguard your financial goals in case of an unexpected health challenge. If diagnosed with a covered critical illness, the insurer will waive future premiums, allowing you to focus on your recovery.

  • Retirement Security: PNB Metlife Super Saver Plan can help you build a financial safety net for your retirement years. By investing regularly, you can create a corpus that provides a steady income stream during your golden years.

Eligibility Criteria for PNB Metlife Super Saver Plan

Product Specification
Plan options Option 1: Savings
Option 2: Savings + Family Care
Option 3: Savings + Health Care
Bonus options Option 1: Accumulation
Option 2: Liquidity
Minimum age at entry
(Years)

Plan Option Age at Entry
Savings 0 (30 days)
Savings + Family Care 18
Savings + Health Care
Maximum age at entry (Years)
Plan Option Premium Payment Mode
Annual Mode Other Modes
Savings 60 55
Savings + Family Care 50 45
Savings + Health Care For PPT: 5, 7, 10 and
12 Pay - 55 yrs.
For PPT 15 and
Regular Pay - 50 yrs
For PPT: 5, 7, 10 and
12 Pay - 50 yrs.
For PPT: 15 and
Regular Pay - 45 yrs
Minimum age at
maturity (Years)

Plan Option Age at maturity
Savings 18
Savings + Family Care 28
Savings + Health Care
Maximum age at
maturity (Years)

Plan Option Age at maturity
Savings 80
Savings + Family Care 70
Savings + Health Care For PPT: 5, 7, 10 and 12 Pay - 75
For PPT: 15 Pay and
Regular pay – 70
Premium Payment
Term (PPT) (Years)
5, 7, 10, 12, 15 and Regular pay
Policy Term (Years)
Premium Payment Term Minimum Policy term Maximum Policy term
5 & 7 10 20
10 11 20
12 13 20
15 16 20
Regular Pay 10,12 & 15
Minimum Annualised
Premium (₹)

Premium Payment Term (Years)  Premium (₹)
5 50,000
7 35,000
10 25,000
12, 15 and Regular pay 20,000
Minimum Annualised
Premium (₹)
Basis the Basic Sum Assured accepted as per Board approved underwriting policy
Minimum Sum
Assured (₹)
2,20,000
Maximum Sum
Assured
As per Board approved underwriting policy
Premium Payment
modes
Yearly / Half Yearly / Monthly
See More Plans

Benefits of PNB Metlife Super Saver Plan

Below are the benefits of the PNB Super Saver Plan: 

  • Maturity Benefit: Upon maturity, you receive a lump sum payment consisting of the sum assured, reversionary bonuses (if declared), and a terminal bonus (if declared). The payout option you choose will determine how these benefits are distributed.

  • Flexible Premium Payment Terms: You have the flexibility to select a premium payment term that suits your financial situation. Options include 5, 7, 10, 12, or 15 years.

  • Bonus Payout Options: The plan offers two bonus payout options:

    • Accumulation: Reversionary bonuses, if declared, are accumulated throughout the policy term and paid out in a lump sum at maturity.

    • Liquidity: Reversionary bonuses, if declared, are accrued during the premium payment term and paid out at maturity. Additionally, cash bonuses, if declared, are paid annually after the premium payment term.

  • Comprehensive Protection: The PNB Metlife Super Saver Plan provides you with life cover for the entire policy term, ensuring your family's financial security even in your absence. The "Savings + Family Care" option offers additional protection, with no future premiums payable after your death. Moreover, the "Savings + Health Care" option provides a waiver of premium benefits for 35 critical illnesses.

  • Additional Riders: You can enhance your coverage by purchasing optional riders like accidental death and serious illness riders at an additional cost.

  • Tax Benefits: This PNB investment plan may offer tax benefits on premiums paid and benefits received, subject to prevailing tax laws.

Riders Under the PNB Metlife Super Saver Plan

Riders Under
PNB MetLife Accidental Death Benet
Rider Plus (UIN: 117B020V03)
This Rider provides additional protection over and above the death benefit under this Policy in the event of the death of the Life Assured in an Accident
PNB MetLife Serious Illness Rider
(UIN: 117B021V03)
This Rider provides additional protection over and above the Death Benefit under this Policy in the event of the Life Assured being diagnosed with any of the 10 critical illnesses covered under the Rider

Policy Details of PNB Metlife Super Saver Plan 

Below are the policy details of PNB Super Saver Plan: 

  • Loans: You can avail of a loan once your policy acquires a Surrender Value. The maximum loan amount is 90% of the Special Surrender Value minus unpaid premiums and interest. The current interest rate is 10.5% p.a., reviewed annually based on the 10-year G-Sec rate.

  • Grace Period: A grace period of 30 days (15 days for monthly payments) is allowed for paying overdue premiums.

  • Revival: Lapsed policies can be revived within 5 years by paying outstanding premiums with 8% interest. Accrued bonuses will also be revived. Surrendered policies cannot be revived.

  • Termination: The policy terminates upon policy surrender, expiry of the revival period, free-look cancellation, or upon death/maturity claim.

  • Free Look Period: If unsatisfied, you may cancel the policy within 15 days (30 days for distance marketing) of receipt for a refund of premiums.

  • Waiting Period: Under the Savings + Health Care option, there’s a 90-day waiting period for premium waiver benefits. The death benefit is paid to the nominee if death occurs during this period.

Exclusions Under PNB Metlife Super Saver Plan

If the Life Assured commits suicide within twelve months from the date the risk begins or from the date of policy revival, the nominee or beneficiary will receive either 80% of the total premiums paid up to the date of death or the available surrender value, whichever is higher, as long as the policy is active. No interest will be paid on this amount.

Frequently Asked Questions

  • What happens in the event of the Life Assured’s death under the 'Savings' or 'Savings + Health Care' option?

    In case of the Life Assured’s death while the policy is in force, the nominee will receive the Sum Assured on Death, accrued Simple Reversionary Bonuses, and Terminal Bonus (if declared). The payout will be at least 105% of the total premiums paid, and the policy will terminate.
  • What are the benefits under the 'Savings + Family Care' option in case of the Life Assured's death?

    The nominee will receive the Sum Assured on Death, future premiums will be waived, and at the end of the policy term, the Sum Assured on Maturity, along with accrued Simple Reversionary Bonuses and Terminal Bonus (if declared), will be paid. If the Liquidity Bonus option is chosen, the cash bonus will continue till maturity.
  • What is the Sum Assured on Death?

    The Sum Assured on Death is the highest of:
    • 10 times the Annualised Premium

    • Basic Sum Assured, which is the guaranteed amount payable on death.

  • What happens if the Life Assured survives till the Maturity Date?

    If the Life Assured survives till the maturity date, under the 'Savings' or 'Savings + Health Care' option, the maturity benefit will include the Sum Assured on Maturity, accrued Simple Reversionary Bonuses (if declared), and Terminal Bonus (if declared). Under the 'Savings + Family Care' option, similar benefits will be provided.
  • What are the bonus options available under the PNB MetLife Super Saver Plan?

    There are two bonus options:
    • Accumulation: Bonuses accrued throughout the policy term and are paid as a lump sum at maturity or death.

    • Liquidity: Bonuses accrue during the premium payment term and are paid at maturity or death. Additionally, cash bonuses, if declared, are paid yearly after the premium payment term.

  • What is the Waiver of Premium benefit under the 'Savings + Family Care' option?

    Upon the death of the Life Assured, all future premiums are waived, and the maturity benefit is still paid at the end of the policy term, along with accrued bonuses (if declared).
  • What does the Waiver of Premium benefit cover under the 'Savings + Health Care' option?

    If the Life Assured is diagnosed with one of the 35 covered Critical Illnesses, future premiums under the base policy will be waived after a 90-day waiting period. However, riders will not be covered under this waiver.
  • Can the policy be surrendered after the death of the Life Assured?

    No, the policy cannot be surrendered after the death of the Life Assured.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*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
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Investment Plan
Insurers Offering Guaranteed Return Plans

Max Life

Bajaj Allianz

Tata AIA

Aditya Birla Sun Life

HDFC Life

Bharti AXA Life

Canara HSBC

Edelweiss Life

Bandhan Life

SBI Life

Aviva

Future Generali

IDBI Federal

IndiaFirst

Kotak Life

Pramerica Life

Reliance Life

Sahara 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
Average Rating
(Based on 24 Reviews)
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
ICICI Compound Interest Calculator

20 Nov 2024

The ICICI Compound Interest Calculator is a valuable financial
Read more
Types of Investment

14 Nov 2024

Investing is a powerful tool for building wealth, securing
Read more
Different Types Of Bonds

11 Nov 2024

Bonds are a type of investment where the investor can invest
Read more
Annual Percentage Rate (APR)

11 Nov 2024

Annual Percentage Rate (APR) means the interest rate you will
Read more
Investment Horizon

11 Nov 2024

An investment horizon is the time you plan to hold an investment
Read more
30 Best Investment Options in India in 2024
  • 04 Apr 2014
  • 1862772
Are you looking for the best investment option for you? From traditional investments like Fixed Deposits (FDs)
Read more
Best NRE Savings Accounts for NRIs in 2024
  • 28 Jan 2022
  • 65428
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
  • 10 Feb 2014
  • 515293
Short-term investments are financial assets that can be easily converted to cash within a short period, ranging
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2024
  • 13 Feb 2020
  • 97318
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
Best Saving Plans in India 2024
  • 30 Jan 2019
  • 148369
Saving money is an important step towards achieving financial independence and security. Whether you're looking
Read more

PNB MetLife Traditional Plans Reviews & Ratings

4.2 / 5 (Based on 24 Reviews)
(Showing Newest 10 reviews)
Jayant
Kurukshetra, September 26, 2016
Worth It
I invested my savings with pnb metlife life insurance by purchasing traditional insurance policy plan. Policy coverage is good and the premiums are less. Service provided is nice and on time. Claims are easy to get by executives help and the online renewals are the best.
Bejoy
Anjuna, July 26, 2016
Investment plan
I have traditional insurance policy, it has low premium but the returns are high. Service is fantastic provided by the executives. Updates are mailed to my email address regularly regarding policy plan. Good job metlife life insurance, i really like your services.
Nirman
Durgapur, July 11, 2016
Traditional Policy
My traditional insurance plan is good with maximum recovery, refund and reimbursed by the insurance company. Service is good and on time. Claiming become easy to this, Premium is less and policy coverage is high.
Vishal
Chandigarh, June 29, 2016
Good
Super traditional insurance plan i have which i buy in low premiums. The policy coverage is high and claims are good. Service provided by your company staff is fantastic. Updates regarding policy is mailed regularly to me. Internet service is also nice and easy to access.
Prem
Aligarh, April 14, 2016
Marvelous
The policy i have is pnb metlife traditional policy plan which is very good and the premiums are low with high in policy coverage 95%. The claiming part is very easy because the service is very fast with good response from the staff members. Nice future investment with tax savings.
Swaraaj
Bengaluru, April 14, 2016
Nice Services
I finally buy pnb metlife life insurance traditional policy plan. Policy covers almost all cases and the amount of returns is around 34 L. Service provided is fast and on time. Good future investment which save taxes. Nice job by executives and staff members.
Om
Patiala, April 14, 2016
Best Policy Plan
My pnb metlife life traditional policy plan is good in services. The policy coverage is good ~90% and the premiums are low. Claiming process is easy due to fast service provided by the executives and the staff members. The payback amount is ~Rs.39 L. I like the terms and conditons.
Gautam
Palani, April 14, 2016
Totally Safe
Policy has all benefits and the investments are also low. Around Rs.45 L is payback amount. PNB metlife life insurance provide me traditional plan which has good facilities and the service is very quick. The up gradation details in policy is mailed to me time to time. Good work.
Chavi
Zahirabad, April 14, 2016
Quality Investment
PNB metlife life insurance traditional policy plan which have 94% policy coverage and the claims are easy to get because of fast services provided by the executives and staff members. The daily updates are texted and mailed time to time to may email id and cell number. Good work.
Bhavya
Manesar, April 14, 2016
Just Go For It
I have traditional policy plan from pnb metlife life insurance. The policy provides good coverage with low premiums. Claims are around Rs.38 L. Service always on time. The executives and staff members are facilitate great services. Satisfactory policy plan, nice work.
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL