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.

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Best ULIP Plans
  • Guaranteed Tax Savings

    Guaranteed Tax Savings^

    Under sec 80C & 10(10D)
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax^

    Unlike 10% in Mutual Funds

Top performing plans with High Returns*

Invest ₹10K/month & Get ₹1 Crore returns*

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6.7 Crore
Registered Consumers
51
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3.4 Crore
Policies Sold
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Mid Cap
Balanced
Debt
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Virtue II
Fund Size: 2,894 Cr
2,894 Cr
66.72 0.60%
22.69% Highest Returns
19.01%
18.63%
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Flexi Cap
Fund Size: 1,350 Cr
1,350 Cr
49.49 0.50%
16.49% Highest Returns
14.53%
14.68%
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Balancer II
Fund Size: 836 Cr
836 Cr
36.13 0.25%
11.85% Highest Returns
10.72%
11.11%
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Preserver II
Fund Size: 80 Cr
80 Cr
26.38 0.10%
6.42%
6.05%
7.3% Highest Returns
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Protector II
Fund Size: 774 Cr
774 Cr
26.9 0.09%
6.02%
5.62%
7.05% Highest Returns
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 18-04-2024. The returns are the returns of best-performing fund in the plan

What are ULIPs?

ULIPs stands 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.

Different Types of PNB Metlife ULIP Plans

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.

  1. 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.
    Here are its key features:

    • You can choose from a variety of investment funds to suit your risk appetite and investment goals.

    • You can invest in a lump sum or start a regular savings plan.

    • You can switch between funds to adjust your investment strategy over time.

    • ULIPs invest in the stock market, which has the potential for higher returns than traditional savings instruments like bank deposits.

    • PNB MetLife Mera Wealth Plan offers a variety of funds with different risk-return profiles.

    • You can also earn loyalty additions for staying invested in the plan for a long period.

    • You can choose the self-managed option to have full control over your investments.

    • You can choose the systematic transfer option to have your premiums automatically transferred into your chosen funds.

    • PNB MetLife Mera Wealth Plan offers loyalty additions, which are bonuses that are added to your fund value every year after the 6th policy year.

    • The rate of loyalty additions depends on your policy term and the fund you are invested in.

    • PNB MetLife Mera Wealth Plan provides life insurance cover in case of death during the policy term.

    • The death benefit is paid to your nominee, which can help them meet their financial obligations.

    Plan at Glance
    Minimum Entry Age: 0 (30 days)
    Maximum Entry Age:

    Policy Term  Max Entry Age 
    10-11 54
    12-15 53
    16-18 52
    19 51
    20 50

    Premium Payment Term: Single Pay, 5 Pay, 10 Pay or Regular

    Policy Term: 10 to 20 years

    Annualised Premium: 1,00,000 (Single Pay)

    Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan

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  2. 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 plan options to cater to your specific needs:

    • Wealth Option

    • Wealth+Care Option

    Key features of the plan are:

    • 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.

    Plan at Glance
    Minimum Entry Age: 0 (30 days)
    Maximum Entry Age: 70 Years 

    Premium Payment Term: Single premium 

    Regular premium – 10 years 

    Limited pay - 5 years 

    Limited pay - 6 years

    Policy Term: 10 to 20 years  

    Annualised Premium: 48,000 (annually) 

    Invest in high growth ULIP Plans Invest in high growth ULIP Plans

    People also read: What is ULIP

  3. PNB MetLife Capital Guarantee Plus

    PNB MetLife Capital Guarantee Plus is a combined product offering from PNB MetLife that bundles two of their existing plans: PNB MetLife Guaranteed Future Plan and PNB MetLife Smart Platinum Plus. It aims to provide guaranteed returns, market-linked growth potential, and whole life insurance coverage.

    Key features of the plan are:

    • Guaranteed return of 100% of premiums paid upon maturity or death. This means you will never lose the money you invested, regardless of market fluctuations.

    • Market-linked returns through PNB MetLife Smart Platinum Plus component. This allows you to potentially earn additional returns based on the performance of the chosen investment funds.

    • Provides life insurance coverage throughout your life, offering financial protection for your family in case of your untimely demise.

    • Optional boosters are available to enhance your fund value, offering additional growth potential.

    • Three options for premium allocation:

      • 50:50 - Equal allocation between Guaranteed Future Plan and Smart Platinum Plus.

      • 2/3 - 1/3 - Two-thirds to Guaranteed Future Plan and one-third to Smart Platinum Plus.

      • Fixed amount - Allocate a specific amount (Rs. 7.5 lakhs) to each plan.

    • Premiums paid are eligible for tax deductions under Section 80C of the Income Tax Act (subject to applicable limits).

    People also read: pnb metlife small cap fund

    Plan at Glance

    Premium Payment Term PNB MetLife Guaranteed Future Plan (PPT/PT): 5/12; 7/15; 8/16; 9/18; 10/20; 11/22; 12/20; 12/24; 13/26 PNB MetLife Smart Platinum Plus (Limited Pay): 5, 7, 10
    Min Entry Age (PPT/PT):
    Age; 5/12: 6 Years;
    7/15: 3 Years;
    8/16: 2 Years;
    9/18: 30 days;
    10/20: 30 days;
    11/22: 30 days;
    12/20: 30 days;
    12/24: 30 days;
    13/26: 30 days
    Max Entry Age 60 years
    Max Maturity Age 80 or 99 years
    Min Annualised Premium Minimum premium for the combined solution is :
    Mode of Premium Option 1 Option 2 Option 3
    Annual Rs. 96,000/ Rs. 1,46,000/- Rs. 7,50,000/-
    Semi-Annual (per half year) Rs.60,000/- Rs. 91,000/- Rs. 3,75,000/-
    Monthly (per month) Rs. 20,000/- Rs. 31,000/- -

People also read: ULIP Calculator

How to Apply for ULIPs through PolicyBazaar?

  • Go to the PolicyBazaar homepage and select "ULIPs" under the "Personal" tab.

  • Click on "New Quotes" to compare and choose from top insurance providers.

  • Enter your name, email address, city, country code, and mobile number. Click "Continue" to move forward.

  • You'll be directed to the Life Insurance quotes page, where you can view quotes from more than 10 insurers. Select the plan based on your preferred payment schedule – choose between One-Time Payout and Monthly Payout Plans.

  • Review and compare each life insurance quote. Click on the premium amount of your chosen plan to proceed with the purchase.

  • A pop-up will appear on the screen, providing an overview of the selected plan, including details such as premium, plan features, exclusions, additional riders, etc. Click "Proceed" to continue.

  • You will be redirected to the insurer's website. Complete the necessary details to finalise and purchase the chosen plan.

Conclusion

ULIPs can be a valuable tool for long-term financial planning, offering combined protection and growth potential. However, it's crucial to understand the risks involved and carefully consider your individual financial circumstances before investing in such a plan.

To know about Term Insurance  check at  PNB Metlife Term Insurance

PNB MetLife ULIP Plans - FAQ

  • What are the benefits of PNB MetLife ULIPs?

    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 premium:
    • 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 for completing 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 claim for PNB MetLife ULIP plans?

    The company’s claim policy requires you to intimate the company about the claim policy 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 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.

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