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Insurance Company
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PNB MetLife India Insurance Company Ltd
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Plan Name
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PNB MET 100 Gold - Par WL
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Plan Nature
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TRADITIONAL
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Plan Category
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Savings & Investment Plan
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UIN No.
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117N011V01
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About Plan
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Met 100 is a whole life plan. It means that it covers you for your entire life, up to age 100, even after the premium paying term has ended. And premiums that are affordable and within your reach. Pay while you earn and get a plan that protects you and your family, long after other insurance policies have ended. Probably why, Met 100 is commonly called the æPermanent InsuranceÆ.
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Minimum Entry Age
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15 last Birthday for participating policies
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Maximum Entry Age
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Age70 last birthday for premium paying term of 15years,65 last birthday for premium paying term of20 years,60 last birthday for premium paying term of 25 years
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Minimum Policy Term
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15 years
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Maximum Policy Term
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25 years
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Minimum Premium
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Rs.2500/-p.a for issue ages 15 and above
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Minimum Premium
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Rs.1000/-p.a for issue ages under 15.
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Minimum Sum Assured
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Rs.50000/-
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Benefits
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| Particulars | Description |
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Maturity Benefits
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Upon attaining age 100 the face amount of the policy would be payable. In case of a participating Met 100 policy, the face amount plus the reversionary bonus and the terminal bonus, if any, would be payable.
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Death Benefits
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In the event of death during the term of the policy, the beneficiary would receive the sum assured and the eligible rider benefits, if any. In case of a participating policy, the beneficiary would receive a total of sum assured, eligible rider benefits, reversionary bonus and terminal bonus, if accrued and due.
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Survival Benefit
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The Face Amount plus accrued Reversionary bonus plus Terminal bonus, if any, is payable upon survival to Age 100.
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Surrender Benefit
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If all premiums have been paid for at least 3 full years the policy would acquire a guaranteed surrender value which would be equal to 30% of the total premiums paid excluding the first year premiums, rider premiums and extra premiums, if any.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Term Rider - Limited Pay Whole Life - Non Particip [117B003V01]
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Critical Illness Rider - Limited Pay - Non Partic [117B004V01]
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Waiver of Premium Rider [117B002V01]
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Met Group ADB [117B006V02]
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Met 100 (Par) is a whole life plan. It means that it covers you for your entire life, up to age 100, even after the premium paying term has ended. And premiums that are affordable and within your reach. Pay while you earn and get a plan that protects you and your family, long after other insurance policies have ended. Probably why, Met 100 (Par) is commonly called the Permanent Insurance.
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This is an amount over and above the guaranteed face amount that may be earned on the policy. Reversionary bonus is declared by the Company every year based on the CompanyÆs investments and this is not guaranteed. Reversionary bonus, if any, is payable together with the face amount either on death or maturity, whichever is earlier.
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The Company may also declare a terminal bonus as a percentage of the accrued reversionary bonus. Such terminal bonus, if any, will be declared provided the policy is in force for 10 years and payable only on death of the insured person after the 10th policy anniversary or maturity of the policy, whichever is earlier.
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Upon attaining age 100 the face amount plus the reversionary bonus and the terminal bonus, if any, would be payable.
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In the event of death during the term of the policy, the beneficiary would receive a total of sum assured, eligible rider benefits, reversionary bonus and terminal bonus, if accrued and due.
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Accidental Death Benefit RiderCritical Illness RiderWaiver of Premium RiderTerm Rider
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If all premiums have been paid for at least 3 full years the policy would acquire a guaranteed surrender value which would be equal to 30% of the total premiums paid excluding the first year premiums, rider premiums and extra premiums, if any.
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- Provides you insurance cover till the age of 100- You can choose from multiple premium payment terms- You can customize your policy through 4 riders- You can avail of tax benefits as applicable
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11-Aug-09
11:59
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MetLife enters into health insurance biz
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25-Jun-09
11:51
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MetLife is keen on raising stake in its Indian venture to up to 49%
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12-Mar-09
10:26
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20 new offices IN northern region : MetLife
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20-Jan-09
12:50
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Private insurers see market share rise to 62%
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14-Jan-09
10:20
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MetLife opens 12 new offices in Kerala
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18-Dec-08
12:40
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Insurance spawns a spurt in jobs
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16-Dec-08
11:23
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Metlife may re-launch traditional products
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