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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 Platinum - 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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117N012V01
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About Plan
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MetLife presents Met 100 - a whole life policy where you pay premiums for 15, 20 or 25 years. It helps create a legacy for the children, leaving money for a dependant spouse and mor impportantly, provides insurance cover at affordable rates. Met 100 is available in both partcipating (UIN:117NO11V01- MET 100 GOLD & UIN:117NO12V01-MET 100 PLATINUM) as well as non-participating versions (UIN:117N001V01).
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Minimum Entry Age
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0 last birthday
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Maximum Entry Age
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70 years last birthday for premium paying term of 15 years65 years last birthday for premium paying term of 20 years60 years last birthday for premium paying term of 25 years
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Minimum Premium
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Rs.2500 p.a for issue ages 15 years and above.Rs.1000 p.a. for issue ages under 15 years.
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Benefits
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| Particulars | Description |
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Maturity Benefits
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Upon attaining age 99 the face amount of the policy 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.
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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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Provides you insurance cover till the age of 99
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You can choose from multiple premium payment terms
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You can customize your policy through 4 riders
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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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