|
|
|
|
|
|
|
Insurance Company
|
PNB MetLife India Insurance Company Ltd
|
|
Plan Name
|
PNB MET Wealth Plus
|
|
Plan Nature
|
ULIP
|
|
Plan Category
|
Investment Plan
|
|
UIN No.
|
117L056V01
|
|
About Plan
|
Met Wealth Plus is a Unit-Linked Insurance Plan. The product works asfollows:· The Single/Regular Premiums paid by you decides your SumAssured.· The Premiums net of the premium allocation charge is invested inthe Unit-Linked Fund/s of your choice. The Net Asset Value of theUnit-Linked Fund decides the number of units allocated to you.· Once the units are allocated, monthly policy administration chargesand mortality charges (deducted for the life insurance benefit,depending on your age) are deducted by cancellation of units.· Net units and the Net Asset Value of the Unit-Linked Fund decideyour Fund Value. Every time, the premium is paid, fresh units areallocated and the policy accumulates higher number of units,resulting into potentially higher Fund Value.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
18years
|
|
Maximum Entry Age
|
60years
|
|
Maximum Maturity Age
|
70years
|
|
Maximum Policy Term
|
10years
|
|
Maximum Sum Assured
|
Sing Pay: 1.25times Single Premium Or 5 times Single Premium.Regular Pay: 5 times Annualized Premium.
|
|
Minimum Top Up premium
|
Rs,10,000 per Top-Up Premium
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
On maturity of the policy, the Fund Value (the value of units pertaining to Single/Regular Premium and Top-Up Premiums, ifany) as on the date of maturity is payable and the policy shall be terminated.
|
|
Death Benefits
|
In case of an unfortunate death of the Person Insured during the policy term, the Company will pay to the nominee as follows:I. If the Death of the Person Insured occurs before the attainment of age 60:The Death Benefit payable will be higher of· The Fund Value (the value of units pertaining to RegularPremium Account), or. The Sum Assured less all partial withdrawals (excluding Top-Up Premium Account) made in accordance with the partial withdrawal provisions during the last 24 months preceding the death of the Person Insured.
|
|
Switch Benefit
|
You have the benefit to switch partially or fully between the available Unit-Linked Fund options, at any point of time during the coverage term. You will have the benefit of 12 (Twelve) free switches in every policy year, post which every switch in a policy year would be levied a charge of Rs.250. Such switching would only apply to the accumulations in the Unit-Linked Funds and not to the future premiums. The minimum value of every switch should be Rs.10,000.Switch in facility is available with Return Guarantee Fund, Switch Out is not a possibility.
|
|
Partial Withdrawal Benefit
|
You have the option of partial withdrawal (from both regular as well as Top-Up Premiums) except investment in Return Guarantee Fund, subject to the following conditions:· The minimum amount of partial withdrawal should be Rs.10,000 per withdrawal· The maximum partial withdrawal will not exceed 25% of the Fund Value at the beginning of the year· The partial withdrawal is made only after 3 completed policy years· The minimum Fund Value after the partial withdrawal should be equal to the sum of 120% of the Annualized Regular Premium as applicable and the applicable surrender charges.· Partial withdrawal is not allowed from the Return Guarantee FundYou have the option to make two partial withdrawals completely free of charges in a policy year. Every subsequent partial withdrawal in a policy year would be charged with Rs. 250, which shall be deducted by cancellation of units.
|
|
Surrender Benefit
|
You will have the option to apply for surrender of yourpolicy only after the completion of first 3 policy years. Surrender of the policy shall terminate the policy and extinguish all your rights, benefits and interests in the policy.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
SEC 80 D
|
Under Section 80 D premium up to Rs 10,000 (Rs.15,000 for senior citizens) are allowed as deduction from taxable income.
|
|
|
|
|
|
|
|
|
|
|
|
Accidental Death Benefit Rider [117B001V02]
|
|
|
|
|
|
|
|
|
|
· Wealth CreationWith the help of 7 different Unit-Linked Funds options withvarying combination of equity and debt, including a ReturnGuarantee Fund, you can choose any combination of investmentsto potentially optimize your returns on investments.Additionally, higher allocation of your premium for investmentsensures that more of your money is invested for higher wealthcreation.
|
|
The wide choice of investment Funds options offers you great flexibility to build and manage wealth. You can also switch and change your investment options, from time to time.
|
|
You will also enjoy the flexibility to access your Funds via partial withdrawals whenever you need after three years.
|
|
You also will have the flexibility to make additional investments anytime during the coverage term.
|
|
Tax Benefits are as applicable.
|
|
|
|
|
|
|
|
|
|
Balancer II
|
|
Flexi Cap
|
|
Multiplier II
|
|
Preserver II
|
|
Protector II
|
|
Return Guarantee Fund I
|
|
Virtue II
|
|
|
|
Particulars
|
Range
|
|
Balancer II
|
|
Government and other debt securities
|
0% - 60%
|
|
Equities
|
0% - 60%
|
|
Money market instruments
|
0% - 40%
|
|
Flexi Cap
|
|
Equities
|
60% - 100%
|
|
Money Market Instruments
|
0% - 40%
|
|
Multiplier II
|
|
Equities
|
60% - 100%
|
|
Money Market Instruments
|
0% - 40%
|
|
Preserver II
|
|
Government & Govt. Guaranteed Securities
|
60% - 100%
|
|
Money Market Investments
|
0% - 40%
|
|
Protector II
|
|
Government and other debt securities
|
60% - 100%
|
|
Money market instruments
|
0% - 40%
|
|
Return Guarantee Fund I
|
|
Government Securities
|
0% - 25%
|
|
Debt Securities (PSU & Corporate AAA Rated Only)
|
0% - 100%
|
|
Equities
|
0% - 25%
|
|
Money Market instruments
|
0% - 100%
|
|
Virtue II
|
|
Equities
|
60% - 100%
|
|
Money Market Instruments
|
0% - 40%
|
|
|
|
|
|
|
|
|
|
|
Balancer Fund II
|
23-May-13
|
12.109
|
|
Flexi Cap Fund
|
23-May-13
|
11.0924
|
|
Multiplier Fund II
|
23-May-13
|
11.3553
|
|
Preserver Fund II
|
23-May-13
|
13.805
|
|
Protector Fund II
|
23-May-13
|
13.9209
|
|
Return Guarantee Fund I
|
23-May-13
|
12.2582
|
|
Virtue Fund II
|
23-May-13
|
10.5254
|
|
|
|
|
|
|
|
|
|
|
Balancer II
|
|
Flexi Cap
|
|
Multiplier II
|
|
Preserver II
|
|
Protector II
|
|
Return Guarantee Fund I
|
|
Virtue II
|
|
|
|
|
|
|
|
|
11-Aug-09
11:59
|
MetLife enters into health insurance biz
|
|
25-Jun-09
11:51
|
MetLife is keen on raising stake in its Indian venture to up to 49%
|
|
12-Mar-09
10:26
|
20 new offices IN northern region : MetLife
|
|
20-Jan-09
12:50
|
Private insurers see market share rise to 62%
|
|
14-Jan-09
10:20
|
MetLife opens 12 new offices in Kerala
|
|
18-Dec-08
12:40
|
Insurance spawns a spurt in jobs
|
|
16-Dec-08
11:23
|
Metlife may re-launch traditional products
|
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|