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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 Smart Life
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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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117L061V01
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About Plan
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MetLife presents Met Smart Life a Unit-Linked Whole Life Plan that helps you take care of long term financial needs. This plan covers you up to 99 years of age and provides you the opinion of choosing Sum Assured multiples of up to 110 times the Annualized Premium thus providing you to the ideal balance between protection and investment as your need be.
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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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70 years.
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Minimum Premium
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Annual and semi-annual - Rs 36,000Quarterly & Monthly - Rs 48,000.
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Maturity Age
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99years.
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity of the Policy, i.e., on attaining 99 years of age, the Fund Value (the value of Units pertaining to Regular Premium and Top-up Premiums, if any) as on the date of maturity becomes payable. Once the Maturity Benefit is paid the Policy shall be Terminated.
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Death Benefits
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If the death of the Person Insured occurs before the attainment of age 60The Death Benefit payable will be higher of the Fund Value.
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Surrender Benefit
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You have an option to surrender your Policy after completion of the first 3 Policy Years. The Policy will accrue surrender value during the first 3 Policy Years, however any request for surrender during this period will be payable only on the third Policy Anniversary.
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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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Coverage till age 99 - Enjoy the benefit of whole of life coverage.Flexibility like never before - Increase or decrease your life insurance cover according to your life stage.
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Partial withdrawals and surrender option - gives you access to your funds throughout your life.6 fund options with 24 free switches to give you complete control over your investment.
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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-Jun-13
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12.0014
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Flexi Cap Fund
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17-Jun-13
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10.9035
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Multiplier Fund II
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17-Jun-13
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11.1874
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Preserver Fund II
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17-Jun-13
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13.787
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Protector Fund II
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17-Jun-13
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13.8821
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Virtue Fund II
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17-Jun-13
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10.402
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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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