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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 Growth Plus
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Plan Nature
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ULIP
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Plan Category
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Investment Plan
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UIN No.
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117L051V01
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About Plan
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a Unit-Linked solution to help you plan for your golden years. It is specially designed to provide financial security for your future requirements. This plan allows you to start planning immediately by ensuring the safety of your first year premiums. It also helps create your retirement fund faster by giving you 100% allocation from the second year onwards, coupled with attractive loyalty additions into your fund. Guaranteed.
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Minimum Entry Age
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0 years (3 months to be completed)
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Maximum Entry Age
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60years.
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Minimum Maturity Age
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18years.
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Maximum Maturity Age
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75years
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Premium Paying Term
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Regular
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Minimum Premium
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Rs.12,000.
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Minimum Sum Assured
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5 times the Annualized Premium ***Other Sum Assured multiples - 10 times & 20 times the Annualized Premium.
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity, you will receive the Fund Value including the Guaranteed Loyalty Addition or you can opt for the settlement options.
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Death Benefits
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In the unfortunate event of death, the higher of the Sum Assured or the Fund Value would be payable.If death of the Person Insured occurs before age 7, the Fund Value plus the regular premium received by us in the first policy year is payable.
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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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Maximize your return potential - 100% of your premium invested in funds of your choice from the 2nd year onwards.
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Get Guaranteed Loyalty Additions of up to 120%** of your first year premiums.
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Get guaranteed loyalty additions of 2% of your average Fund Value for coverage terms of 20, 25 and 30 years.
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Liquidity in the form of Partial Withdrawals and Surrender Benefits.
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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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