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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 Non - Participating
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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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117N001V01
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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 'permanent Insurance'.
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Minimum Entry Age
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0
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Maximum Entry Age
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70 age
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Minimum Premium
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Rs 2500
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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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Guaranteed Sum Assured at 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. These values would be attached to the policy schedule.
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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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Met Group ADB [117B006V01]
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Waiver of Premium Rider [117B002V01]
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Term Rider [117B003V02]
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Critical Illness Rider [117B007V01]
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Met 100 (Non 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 (Non Par) is commonly called the Permanent Insurance.
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Upon attaining age 100 the face amount of the policy would be payable.
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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.
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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. These values would be attached to the policy schedule.
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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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