PNB MetLife Offers Met College Plan To Build Children’s Future

Met College Plan is a traditional insurance cum investment policy, aimed at meeting the financial needs of a child in the future. This traditional plan is a participating policy and is thus dependent on the periodic bonuses declared by the insurer. Being a transparent policy, it would keep the policyholder well informed on the costs incurred and profits made.This policy has a maximum policy term of 24 years and minimum term of 12 years, as per the industry norms. 

Read more
Build wealth forFuture Financial Needslike child’s education
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

+91
View Plans
Please wait. We Are Processing..
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 #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated
rating
58.9 million
Registered Consumers
51
Insurance
Partners
26.4 million
Policies
Sold

Depending on the profits made by the participating life fund, this policy would declare a bonus after the completion of the 2nd year. The sum payable upon maturity or the death of the insurer will include the reversionary bonus made from the profits. This bonus is calculated by simple interest formula levied on the sum assured.

The policy will pay 20% for three years towards the end of the policy term, before maturity. Upon maturity, the policy will make the balance 40% payment of the assured amount along with the accumulated bonus. There can be a terminal bonus as well.

If the policyholder expires during the policy’s term, it will immediately bestow the death benefit along with the accumulated bonus till date to the nominee. Furthermore, the insurer will waive off the future premium installments to keep the maturity benefits intact. In this policy, the death benefit is 10 times higher than the annual premiums paid.

How the policy works?

Let us assume, a 35-year-old individual purchases the Met College Plan for an annual premium of Rs 1, 00,000 for duration of 20 years. The total sum assured is around Rs. 20.84 Lakhs, where the policyholder will start receiving the 20% of the assured amount, three years prior to the policy term completion, i.e., around Rs. 4.17 Lakhs, as per the 8% assumed rate of return. This also includes the guaranteed maturity benefit of around Rs. 8.34 Lakhs, which makes a net return of 5% per annum. Met College Plan is offered with an attractive structure and features matching transparency of a traditional plan.

Usually traditional plans have a return of 4-6% per annum and subsequently financial planners skip such investment plans. Due to the low levels of returns, the policyholder must invest more to meet the financial goals, successfully. However, a term policy like Met College Plan is much cheaper and offers greater benefits, as it ensures the financial goal is not interrupted in case of the policyholder’s untimely death.

(Source: This article has been adapted from the article "Product crack: PNB Metlife’s Met College Plan" that appeared on 26 February , 2015 in livemint.com)

Child Plan1
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan3
Child Plan4

Nothing is more important than securing your child's future

  • Life Cover paid to family to meet immediate expense
  • Future premiums are paid by the Insurance Company

Child plans articles

Recent Articles
Popular Articles
Children's Endowment Policy

30 Jan 2023

A children's endowment policy is a life insurance plan that
Read more
What is the Maximum Age to Buy a Child Insurance Plan?

29 Dec 2022

To secure a child's future, a well-informed parent ensures
Read more
Bharti AXA Life Shining Stars Calculator - Child Plan Calculator

05 Aug 2022

This child plan by Bharti AXA is designed to help parents save
Read more
What is the Deferment Period Under a Child Plan?

04 Aug 2022

A child insurance plan is one of the most recommended ways to
Read more
How to Choose An Insurance Plan for Child?

04 Aug 2022

The biggest aim of any parent is to provide their child with a
Read more
Best Child Investment Plans to Invest in 2023
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial
Read more
Prime Minister Schemes For Boy Child
Like the Prime Minister’s Sukanya Samriddhi Yojana savings scheme for a girl child, there are several
Read more
Best Investment Plans for Girl Child in India
The right kind of investment of your hard-earned money is necessary, but when it comes to your child, making
Read more
Best Child Insurance Plans
A child insurance plan is a combination of savings and insurance, which help the individuals to plan for the
Read more
Post Office Child Plans
Individuals can open post office savings account for their children and earn interest at a rate of 4% to nearly
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL