In Unit Linked Insurance Policies, the investment risk is borne by the policyholder. These insurance products do not offer any liquidity in the first 5 years, as they have a mandatory lock-in period of 5 years. During this period, the policyholder cannot fully or partially withdraw the invested amount or surrender the policy.
PNB MetLife ULIP Plans
PNB Metlife is a joint venture between global insurance giant Metlife and India's Punjab National Bank. It offers a wide range of life insurance products (protection, child, savings, ULIPs, pension plans) through 8000+ locations, aiming to be a one-stop shop for all your insurance needs.
Returns as on 05-11-2026. The returns are the returns of best-performing fund in the plan
Disclaimer : ˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s
insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.inRead MoreRead Less
Key Features of PNB MetLife ULIP Plans
Different ULIP Plan Variants to Achieve Different Goals:
The portfolio has wealth, protection, retirement, and income-oriented variants.
Higher Life Cover in Select Plans:
ULIP plan such as PNB MetLife TULIP and Smart Platinum Plus offer higher Sum Assured multiples, providing enhanced life insurance protection.
Long-Term Adds and Refund of Charges:
Select plans may offer charge refunds, loyalty additions, and fund boosters that can help enhance long-term fund growth.
Multiple Investment Strategies:
Several programs offer self-directed, systematic transfer and life-stage approaches.
Multiple Funding Options:
Some options allow you to access a range of funds including stocks, debt, balanced, ESG-themed and sector-specific funds.
Protection against Unexpected Events:
Some plan variants may waive future premiums in the event of death, critical illness, or disability.
Flexible Premium Structures:
The portfolio offers single pay, restricted pay, regular pay and retirement related premium alternatives.
Why Invest in India's Growth Story?
As financial security and wealth creation gain importance, long-term financial planning is becoming a higher priority for many individuals. According to IRDAI data, the industry issued over 2.9 crore new individual life insurance policies in FY24, reflecting growing adoption of long-term insurance and investment-linked solutions.
Those who desire to create money and life protection together may explore ULIPs. They provide an investment-linked approach and freedom in selection of funds, and protection needs.
ULIPs stand for Unit Linked Insurance Plans. They are a unique type of financial product that combines life insurance coverage with market-linked investments. In simpler terms, you get both protection and potential growth in a single plan.
When you pay your premium, a portion of it goes towards providing life insurance cover for your chosen sum assured. The remaining portion is invested in funds. Most ULIPs offer a variety of equity and debt fund options to choose from, allowing you to tailor your investment strategy based on your risk appetite and financial goals.
The value of your ULIP units fluctuates based on the performance of the chosen funds. This means you have the potential to earn significant returns if the markets perform well.
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How Much Historical Returns are Provided by the Plans?
Investment Scenario
Monthly Investment:
₹22,000
Investment Duration:
18 years
Exit Timeline:
At Policy Maturity / Vesting
Product Category:
Market-Linked ULIP Plans
Scenario 1:
Returns @ 4%
Plan Name
Estimated Maturity Value
Assumed Return Rate
PNB MetLife Goal Ensuring Multiplier (GEM)
₹87.3 L
4%
PNB MetLife TULIP
₹85.9 L
4%
PNB MetLife Smart Platinum Pro
₹84.1 L
4%
PNB MetLife Smart Platinum Plus
₹82.8 L
4%
PNB MetLife Mera Wealth Plan
₹80.7 L
4%
PNB MetLife Smart Invest Pension Plan Pro
₹78.9 L
4%
Scenario 2:
Returns @ 8%
Plan Name
Estimated Maturity Value
Assumed Return Rate
PNB MetLife Goal Ensuring Multiplier (GEM)
₹1.61 Cr
8%
PNB MetLife TULIP
₹1.57 Cr
8%
PNB MetLife Smart Platinum Pro
₹1.52 Cr
8%
PNB MetLife Smart Platinum Plus
₹1.48 Cr
8%
PNB MetLife Mera Wealth Plan
₹1.44 Cr
8%
PNB MetLife Smart Invest Pension Plan Pro
₹1.39 Cr
8%
Note: Past performance is illustrative. Actual returns depend on market conditions, fund choice, and economic cycles. Historical returns do not guarantee future performance.
Benefits of PNB MetLife ULIP Plans
Life Cover with Investments:
Certain versions of the plans have market-linked investments with financial security.
Additional Value from Plan Benefits:
Some types include return of premium allocation charges, mortality costs, fund management fee returns, fund boosters, loyalty enhancements and high premium boosters, which may help in long term fund growth.
Various Investment Strategies:
Some programs give self-managed, systematic transfer and life-stage options.
Protection Against the Unexpected:
Some insurance policies include a waiver of premium if you die or become seriously ill.
Retirement and Goal-Oriented Planning:
The ULIP options provided include retirement-connected, income-focused, and goal-oriented.
Flexibility across Premium Structures:
The portfolio has single pay, restricted pay, regular pay and pension-linked premium options.
List of PNB MetLife ULIP Plans
PNB MetLife offers ULIP variants across wealth creation, higher protection, retirement planning, child-focused goals, and long-term financial planning. The table below outlines the available plan options:
PNB MetLife Life Insurance Company offers different types of ULIPs to its customers. Let us look at the different plans offered by the company and the features and benefits of each plan in detail.
PNB MetLife Goal Ensuring Multiplier (GEM)
PNB MetLife Goal Ensuring Multiplier (GEM) is a Unit Linked Insurance Plan designed for long-term wealth creation with life cover, child-focused planning, waiver benefits, and return of charges. It is also referred to as Smart Goal Ensuring Multiplier (Smart GEM) on digital channels, but follows the same brochure and product structure.
Key Features of PNB MetLife Goal Ensuring Multiplier (GEM)
Five Plan Alternatives:
Wealth, Wealth + Care, Goal Assured, Income Assured and Smart Child alternatives for varied financial goals.
Return of Charges:
Return of fund management charges, premium allocation charges and mortality charges, subject to continuing of the policy and other terms and conditions of the plan.
19 Funds Choice:
Policyholders can choose from 19 funds, including ESG, dividend-focused, manufacturing, and multi-cap investment options.
Multiple Investment Strategies:
Self-Managed, Systematic Transfer and Life-Stage strategies to meet your investment risk appetite and age.
Waiver of Premium Benefit:
Some options offer a waiver of future premiums on death or severe illness, allowing you to continue with your long-term financial goals.
Fund Boosters and High Premium Advantages:
The eligible policyholders can access the advantages during the term of the insurance.
PNB MetLife Smart Invest Pension Plan Pro
PNB MetLife Smart Invest Pension Plan Pro is a unit-linked pension savings plan designed for retirement corpus creation with market-linked growth and vesting benefits.
Key Features of PNB MetLife Smart Invest Pension Plan Pro
Two Retirement Plan Options:
Policyholders may choose between Retire Secure and Retire Secure Plus based on retirement and protection needs.
Zero Premium Allocation and Policy Administration Charges:
The plan includes zero premium allocation and policy administration charges, helping maximise invested value.
Return of Mortality Charges:
Available under Retire Secure Plan Option, subject to policy conditions.
Inbuilt Waiver of Premium on Death:
Under Retire Secure Plus, future premiums may be funded to continue retirement planning goals.
Multiple Fund and Strategy Choices:
Includes multiple investment strategies and fund options for retirement-focused investing.
Flexible Withdrawals and Top-Ups:
They include premium redirection, chunk withdrawals, top-up premiums and endless swaps.
PNB MetLife TULIP
PNB MetLife TULIP (Term with Unit connected Insurance Plan) is a protection-oriented ULIP that helps you create wealth connected to market, with better life cover.
Key Features of PNB MetLife TULIP
Increased Life Protection:
Life coverage up to 50 times the annualised premium (subject to eligibility and plan conditions).
Return of Expenses:
Return of premium allocation expenses and return of mortality charges on maturity if policy is continued.
18 Funds Option:
Invest in 18 fund alternatives, including ESG and thematic funds.
Multiple Investment Strategies:
Provides a variety of Self Managed, Systematic Transfer and Life Stage options to provide flexibility in your portfolio.
Unlimited Fund Switches:
Policyholders can switch the funds and redirect the premiums as many times as they choose.
Additional Rider Protection:
Offers the opportunity to add the Linked Accidental Death Benefit Rider.
PNB MetLife Mera Wealth Plan
PNB MetLife Mera Wealth Plan is an individual unit-linked insurance plan (ULIP) that combines investment and insurance to help you achieve your financial goals.
Key Features of PNB MetLife Mera Wealth Plan
Plan Options:
The policyholder may opt for the Premier and Online plan as per his wish and premium structure.
Flexible Premium Structures:
Single Pay, 5 Pay, 10 Pay and Level Pay.
Loyalty Additions:
Subject to the policy being in force, a further fund value will be added every year from the end of the 6th policy year to maturity.
Investment Choice:
Choose the self managed or systematic transfer choice that suits your investment view and risk appetite.
Settlement Options:
You can choose to receive the funds either in a lump sum or in structured payments at maturity depending on your financial goals.
Investment Plans:
Investment plans give life cover and also invest in the market for long term financial planning.
PNB MetLife Smart Platinum Plus Plan
PNB MetLife Smart Platinum Plus is an individual, unit-linked, non-participating investment plan that combines life insurance protection with investment opportunities. It provides two PNB MetLife investment plan options to cater to your specific needs:
Key Features of the PNB MetLife Smart Platinum Plus Plan
Whole Life Cover:
Provides financial security for your loved ones until your death..
Choice of 12 Unit-Linked Funds:
Invest your premiums in a variety of funds based on your risk appetite and investment goals.
Premium Payment Flexibility:
Choose to pay premiums in a single payment, throughout the policy term, or for a limited period until age 80.
Potential Tax Benefits:
Enjoy tax savings on premiums paid and benefits received under prevailing tax laws.
Additional Health Protection:
Waiver of premium on the diagnosis of any one of the five listed critical illnesses, ensuring your premium payments continue even during difficult times.
Fund Booster:
Receive a bonus at the end of the 10th policy year to amplify your fund value.
FMC Charges Reimbursement:
Total fund management charges deducted in the first five years are added back to your fund value at the beginning of the sixth year.
Choice of Life Cover Duration:
Select whole life cover until age 80 or 99.
Investment Flexibility:
Switch between funds and manage your investment allocations as your needs and market conditions change.
PNB MetLife Smart Platinum Pro
PNB Metlife Smart Platinum Pro is a Unit Linked Insurance Plan for whole-life protection, higher life cover and long-term wealth growth through market linked investing.
Key Features of PNB MetLife Smart Platinum Pro
Life Cover Up to 40x:
The plan gives life insurance cover up to 40 times of the annualised premium subject to eligibility and plan design.
Whole Life Coverage Choice:
The policy holders can select coverage up to age 80 or 99 years depending on the choice selected.
Four Plan Options:
Wealth Option, Wealth Plus Option, Goal Assured Option and Income Assured Option for distinct financial priorities.
Return of Charges & Fund Boosters:
Fund boosters are available from 15th policy year, including return of premium allocation charges and mortality charges, subject to policy circumstances.
Investment Options:
Self-directed, dollar-cost averaging and life-stage options to match your investment style.
Built-in Waiver of Premium:
Under Goal Assured and Income Assured options, it helps keep your financial goals moving forward even when the unexpected shows up.
Why Buy PNB MetLife ULIP Plans from Policybazaar?
Over 9 lakh customers have invested ₹12,400 Cr through Policybazaar
No hidden charges. All costs and returns are clearly disclosed
Certified advisors provide unbiased guidance based on your needs
IRDAI-regulated, ensuring advice is in the customer’s interest
Benefits include life insurance cover, potential for high returns, flexibility in premium allocation and fund switching, tax benefits, and long-term growth potential.
Who are PNB MetLife ULIPs suitable for?
They suit investors seeking life insurance with market-linked growth potential and a long-term investment horizon.
How do I choose the right PNB MetLife ULIP?
Consider your financial goals, risk tolerance, investment horizon, and budget. Consulting a financial advisor is recommended.
How to pay premium? What are the modes of payment available?
PNB Metlife provides the following modes for paying premiums:
Online mode
Cheque deposit at branch office
Through courier
Drop Box facility
ECS or Auto Debit facility
For online premium payment, login to your account with Client ID and password, and click on the ‘Pay Premium’ tab to complete the process.
How can I check policy status for PNB MetLife ULIP plans?
You can check your policy status by login in with your User ID and password on the e-portal. There is a policy details tab, wherein the status of the policy can also be checked.
What is the policy renewal process for PNB MetLife ULIP plans?
You need to submit the required documents along with renewal form at any of the nearest PNB Metlife branches in your city.
What is the company’s process to settle claims for PNB MetLife ULIP plans?
The company’s claim policy requires you to notify the company of the claim by letter, fax, or email.
Directly through any of the PNB Metlife branch offices
Through Advisors
Through claims department in the head office
Through regional service team
Once all the required documents are submitted (list of documents can be found on the website) and the same is verified the claims are settled within 30 days of receipt of the same.
What is the policy cancellation process for PNB MetLife ULIP plans?
The company’s cancellation process requires you to duly fill and submit a surrender form along with policy documents to any of the PNB Metlife branches in your city. After receiving the documents and the necessary amount for cancellation, the policy will be cancelled on record for the particular policyholder.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#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. 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.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
