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PNB MetLife Life Insurance Hybrid Plan
The PNB MetLife Life Insurance Hybrid Plan is a savings plan that any individual planning to accumulate long-term savings would want, but at the same time ensure that his or her family is stable in terms of finances. The plan includes the investment and life insurance cover that assists the policyholders to increase their amount as time passes. It also has flexible possibilities that enable one to select the manner in which he or she wishes to invest and the duration of the coverage.
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PNB MetLife ULIP Plans
- PNB MetLife Life Insurance Hybrid Plan
Eligibility Criteria for the PNB MetLife Life Insurance Hybrid Plan
| Criteria | Minimum | Maximum |
| Entry Age | 30 days | 70 years |
| Age At Maturity | 18 years | Up to 80 or 99 years, depending on the option |
| Premium Payment Term | 5 years | Up to 25 years |
| Annual Premium | ₹48,000 | As per the underwriting guidelines |
| Premium Payment Mode | Annual | Monthly |
| Sum Assured | As per plan rules | Based on premium and age |
| Eligible Individuals | Residents of India | — |
Features of the PNB MetLife Life Insurance Hybrid Plan
Some of the key features of the PNB MetLife Life Insurance Hybrid Plan include:
- The PNB MetLife Life Insurance Hybrid plan enables you to select premium payment amounts, whether single pay, regular pay, or limited pay, based on your financial priorities.
- The plan offers choices on the policy term with coverage extendable to age 80 and even 99 years.
- It provides the refund of fund management fee upon the policy expiration, which is at the end of the 6th policy year at the time the policy is in force, and it also includes the payment of all the due premiums.
- Fund boosters are given to policyholders once they meet certain milestones of the policy, which would contribute to the overall value of the investment.
- The plan also gives the policyholders the option of various strategies and funds in the portfolio to enable them to match their investments with their risk profile.
If you are exploring different options offered by the insurer, you can review various savings and protection options under the PNB MetLife Investment Plans to understand how they support long-term financial goals.
Benefits of the PNB MetLife Life Insurance Hybrid Plan
The following are the PNB MetLife Life Insurance Hybrid Plan benefits:
- Maturity Benefit: In case the life assured continues till the policy maturity and the policy is open, the maturity benefit that is being paid will be the amount value of the fund that will be available at the maturity date.
- Death Benefit: When there is the death of the life assured within the term of the policy, the nominee will receive the best of the following benefits:
- The fund value on the date of death
- The sum assured after adjusting for any partial withdrawals
- 105% of the total premiums paid
- Fund Value Growth: The plan will provide options like fund boosters and some charges returned, which can contribute to the fund value increase in the long run.
- Investment Flexibility: The policyholders have a wide range of investment options and strategies to select, and therefore, they are able to design their portfolio depending on their financial targets.
- Tax Benefits: The benefits, as well as premiums paid with respect to the plan, may be subject to tax benefits according to the tax laws in existence.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| Bandhan Life Debt Fund | ₹40.44 | ₹92 Cr | 5.38% | 6.25% | |
| Bandhan Life Secure Fund | ₹28.98 | ₹47 Cr | 5.22% | 4.54% | |
| Bandhan Life Blue Chip Equity Fund | ₹30.6 | ₹198 Cr | 8.6% | 10.6% | |
| Bandhan Life Stable Fund | ₹32.63 | ₹15 Cr | 5.79% | 8.04% | |
| Bandhan Life Accelerator Fund | ₹47.82 | ₹209 Cr | 11.36% | 12.55% | |
| Bandhan Life Opportunity Fund | ₹42.1 | ₹239 Cr | 15.16% | - | |
| Bandhan Life Pension Debt Fund | ₹32.14 | ₹4 Cr | 5.2% | 6.05% | |
| Bandhan Life Pension Enhanced Equity | ₹111.22 | ₹16 Cr | 10.63% | 11.96% | |
| Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund | ₹9.67 | ₹3 Cr | - | - | |
| Aegon Balanced | ₹44.39 | ₹12 Cr | 6.1% | 8.2% | |
| Aegon Enhanced Equity | ₹68.54 | ₹112 Cr | 10.3% | 11.73% | |
| Aegon Pension Balanced | ₹50.69 | ₹2 Cr | 6.97% | 8.76% | |
| Aegon Pension Index | ₹83.72 | ₹6 Cr | 5.95% | 9.89% | |
| Aegon Pension Secure | ₹28.77 | ₹1 Cr | 4.6% | 4.92% | |
| Aegon Life Group Equity Fund | ₹59.09 | ₹13 Cr | 11.23% | - | |
| Bandhan Life Flexi Cap Fund | ₹11.38 | ₹96 Cr | - | - | |
| Bandhan Life Mid Cap Fund | ₹10.52 | ₹88 Cr | - | - |
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Riders Under the PNB MetLife Life Insurance Hybrid Plan
By choosing extra riders that come with the PNB MetLife Life Insurance Hybrid plan, policyholders are able to increase their coverage.
The PNB MetLife Linked Accidental Death Benefit Rider, which offers extra financial support to the nominee in the event of accidental death of the life assured. This rider adds more security to the underlying policy.
Policy Details of the PNB MetLife Life Insurance Hybrid Plan
The following are the policy details of the PNB MetLife Life Insurance Hybrid Plan:
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Grace Period:
A grace period is provided if the policyholder misses the premium payment on the due date. During this period, the policyholder can pay the outstanding premium and continue the policy benefits.
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Revival:
If the policy lapses because of unpaid premiums, it may be revived within the revival period by paying all pending premiums along with applicable charges.
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Free Look Period:
After receiving the policy document, policyholders are given a free look period during which they can review the terms and conditions. If they are not satisfied, they may cancel the policy within the allowed period.
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Surrender:
The policy may be surrendered after the lock-in period according to policy conditions. The surrender value will depend on the fund value at the time of surrender.
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Fund Switching:
Policyholders may switch between the available funds during the policy term in order to adjust their investment strategy based on changing financial goals or market conditions.
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Loan:
Once the policy is valuable enough, loans against the policy can be provided, on the conditions laid down by the insurer.
You can also compare multiple best investment plans available in the market to choose a policy that aligns with your savings horizon and financial objectives.
Exclusions Under the PNB MetLife Life Insurance Hybrid Plan
Suicidal Cover
In any case where the life assured commits suicide within a period of 12 months of the beginning or revival date of the policy, then the amount to be paid will be as per the policy terms.
FAQs
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Can I choose how my premiums are invested in the PNB MetLife Life Insurance Hybrid Plan?
Yes, the plan is available with clear choices of various investment funds and portfolio plans. This allows you to match your investments to your risk level and your financial objectives. -
What are the fund boosters of the PNB MetLife Life Insurance Hybrid Plan?
Fund boosters are other units that can be added to the policy at some milestones, assisting in the raising of fund value over the long-term. -
Is this plan subject to the choice of alternative investment funds?
The plan provides a variety of fund choices and portfolio strategies, and the policyholders can choose a fund depending on the level of risk and financial ambition. -
Who should consider buying the PNB MetLife Life Insurance Hybrid Plan?
This plan may be suitable for individuals who want both life insurance protection and investment opportunities in a single policy while planning for long-term financial goals.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜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 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
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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