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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 Magic 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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117L062V01
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About Plan
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Met Magic Plus is a Unit-Linked Non-Medical Regular Premium Life Insurance plan, it secure your child's future.Met Magic Plus provides the benefit of insurance protection to your family, particularly your child, even when you are not around.
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Minimum Entry Age
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18years.
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Maximum Entry Age
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55years.
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Maturity Age of Life Insured
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70years.
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Minimum Policy Term
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10 Years, 15 Years, 20 Years & 25 Years(Subject to Maximum Entry Age)
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Sum Assured
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5 Times Annualized Premium
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Minimum Premium
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Rs.12,000 for Term 25, Rs.15,000 forTerm 20, Rs. 20,000 for Term 15 & Term10 (Rs 30,000 for Term 10, if chosenPremium frequency is other thanAnnual Mode).
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Maximum Premium
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Rs.1,00,000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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The Fund Value in the Unit Account is paid on maturity, that can be paid either as One Lumpsum Or Over a period of 5 years as a part of settlement option.
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Death Benefits
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Incase the unfortunate event of death of the Person Insured during the term of the Policy, the Beneficiary will be paid the Sum Assured.In addition, the plan will continue and add all future premiums, that would otherwise have been accumulated had the Person Insured been alive, into the Fund on an annual basis as and when each such Regular Premium falls due.
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Partial Withdrawal Benefit
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The person insured or beneficiary after the first 5 policy years provides all the due premiums have been paid for atleast 5 Policy Years up to the following limits.Up to 10% of the Fund Value as at the beginning of the Policy Year in which Partial Withdrawal is made.Up to 25% of the Fund Value during the last three Policy. Years.
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Surrender Benefit
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Surrender value will not be payable during the first three years of the policy, any requests for surrender during this period will be payable only on the third Policy Anniversary.
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Tax Benefits
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| No data for Tax Benefits |
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Guaranteed payout of the Sum Assured in case of death of the parent.Guaranteed benefit of regular savings into the Fund to continue on your behalf through the future premium protection benefit incase of death.
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Flexibility to choose from 6 various marketlinked funds for investments to potentially grow your wealth over the long-term.
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Guaranteed Loyalty Additions are paid into the Fund in the form of units in equal installments from the 6th year till the end of the term for you to maximize wealth creation for your child.
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Balancer II
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Flexi Cap
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Multiplier II
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Preserver II
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Protector II
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Virtue II
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Particulars
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Range
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Balancer II
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Government and other debt securities
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0% - 60%
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Equities
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0% - 60%
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Money market instruments
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0% - 40%
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Flexi Cap
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Equities
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60% - 100%
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Money Market Instruments
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0% - 40%
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Multiplier II
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Equities
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60% - 100%
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Money Market Instruments
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0% - 40%
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Preserver II
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Government & Govt. Guaranteed Securities
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60% - 100%
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Money Market Investments
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0% - 40%
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Protector II
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Government and other debt securities
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60% - 100%
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Money market instruments
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0% - 40%
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Virtue II
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Equities
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60% - 100%
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Money Market Instruments
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0% - 40%
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Balancer Fund II
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17-May-13
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12.3329
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Flexi Cap Fund
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17-May-13
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11.5257
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Multiplier Fund II
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17-May-13
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11.8063
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Preserver Fund II
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17-May-13
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13.7747
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Protector Fund II
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17-May-13
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13.9113
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Virtue Fund II
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17-May-13
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10.8326
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Balancer II
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Flexi Cap
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Multiplier II
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Preserver II
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Protector II
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Virtue II
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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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