PNB MetLife Life Insurance GROW Plan

Eligibility Criteria for the PNB MetLife Life Insurance GROW Plan

Features of PNB MetLife Life Insurance GROW Plan

Here are the key features of the plan:

• Market-linked investment options: The policyholders will be allowed to invest premiums in a variety of equity, debt, and balanced funds.
• Flexible portfolio strategies: There are self-managed strategies, systematic transfer strategy, and life-stage strategy, whereby it is necessary to match investments to financial objectives.
• Fund boosters: Fund boosters may be given in certain policy years to increase the fund's value.
• Return of fund management charges: Some charges for fund management paid during the initial policy years can be reimbursed later to the value of the policy fund.
• Several fund options: Investors can choose from multi-cap, mid-cap, balanced, and thematic funds, depending on their risk tolerance.

PNB MetLife Investment Plans provide flexible premium options and structured benefits to support different financial goals

Benefits of the PNB MetLife Life Insurance GROW Plan

Below are the benefits offered by the PNB MetLife Life Insurance GROW Plan:

• Maturity Benefit: If the life assured survives the policy term and the policy remains active, the maturity benefit will be equal to the total fund value accumulated in the policy on the maturity date. The policy terminates after the payment of the maturity benefit.
• Death Benefit: In the event that the life assured dies during the period that the policy is in service, the nominee will get the death benefit. The price to be paid will be the higher of the two between:
  • The value of a fund on the date of death.
  • The sum assured following some withdrawals.
  • 105% of total premiums paid

This ensures financial protection for the policyholder’s family.

• Care Benefit (Optional): Under the wealth plus care option, if the life assured is diagnosed with certain critical illnesses, all future premiums may be waived while the insurer continues to allocate units to the policy fund.
• Tax Benefits: The premiums charged on this plan are also considered tax-deductible.
• Current Limit: You can deduct an amount of up to 1.5 lakh annually from your taxable income.
• Condition: In policies that have been issued since April 1, 2012, the deduction is normally limited to 10% of the Sum Assured.

Riders Under the PNB MetLife Life Insurance GROW Plan

• PNB MetLife Linked Accidental Death Benefit Rider: Provides additional financial support to the nominee in case of accidental death.

Policy Details of the PNB MetLife Life Insurance GROW Plan

The following are the policy details of the PNB MetLife Life Insurance GROW Plan:

1. Grace Period

   The grace period allows policyholders extra time to pay premiums without losing coverage.

   • Monthly Mode: 15 days
   • Other Modes: 30 days

2. Revival

   If the policy lapses due to non-payment of premiums, it may be revived within the specified revival period by paying outstanding premiums and applicable charges.

3. Free Look Period

   Policyholders can cancel the policy within the free look period if they disagree with the policy terms and conditions.

   

4. Surrender

   Unless it is a risk-free policy, unit-linked policies tend to have a lock-in period. After the completion of the lock-in period, the given policy terms provide surrender benefits.

5. Fund Switching

   Depending on the market conditions or varying financial objectives, policyholders are able to change the available investment funds.

6. Loan

   Depending on the policy stipulation and the amount of funds, loan facilities could be availed of. The best Investment plans focus on providing reliable returns along with tax benefits and financial protection.

Latest ULIP NAVs

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• PNB MetLife ULIP Funds
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• IndiaFirst Life ULIP Funds
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• Star Union Dai-ichi Life ULIP Funds
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Fund Name	NAV	AUM	5 Yr Returns	10 Yr Returns
Bandhan Life Debt Fund	₹39.39	₹91 Cr	5.09%	6.56%	View More
Bandhan Life Secure Fund	₹28.49	₹50 Cr	5.07%	4.57%	View More
Bandhan Life Blue Chip Equity Fund	₹30.7	₹192 Cr	11.75%	11.95%	View More
Bandhan Life Stable Fund	₹32.62	₹15 Cr	7.6%	9.14%	View More
Bandhan Life Accelerator Fund	₹47.79	₹206 Cr	13.67%	13.6%	View More
Bandhan Life Opportunity Fund	₹39.87	₹225 Cr	17.6%	-	View More
Bandhan Life Pension Debt Fund	₹31.36	₹4 Cr	4.96%	6.38%	View More
Bandhan Life Pension Enhanced Equity	₹112.47	₹16 Cr	14.01%	13.47%	View More
Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund	₹9.93	₹3 Cr	-	-	View More
Aegon Balanced	₹44.79	₹12 Cr	8.03%	9.41%	View More
Aegon Enhanced Equity	₹69.69	₹110 Cr	13.81%	13.29%	View More
Aegon Pension Balanced	₹51.18	₹2 Cr	8.84%	9.89%	View More
Aegon Pension Index	₹85.74	₹6 Cr	9.33%	11.43%	View More
Aegon Pension Secure	₹28.35	₹1 Cr	4.46%	4.97%	View More
Aegon Life Group Equity Fund	₹59.88	₹13 Cr	14.76%	-	View More
Bandhan Life Flexi Cap Fund	₹11.17	₹85 Cr	-	-	View More
Bandhan Life Mid Cap Fund	₹10.17	₹71 Cr	-	-	View More

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Exclusions Under the PNB MetLife Life Insurance GROW Plan

1. Suicidal Cover

   In case the life assured commits suicide within 12 months after the policy commencement or revival date, the benefits that will be paid will be restricted according to the terms of the policy.

2. Total Permanent Disability (TPD)

   The base plan does not include total permanent disability benefits unless it is covered under some additional riders.