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    Features and Benefits of Bachat Yojana Plan

    Last Updated On 29-06-2021

    The importance of a long-term savings plan is undeniable given the uncertainty in life today. PNB MetLife ensures that you and your loved ones have a financially secure life and continue to achieve your present and future goals through its Bachat Yojana Plan.

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    The Bachat Yojana Plan provides a comprehensive life insurance cover as well as helps build a saving corpus for your long-term needs. The best part is that this savings plan comes at highly economical and affordable premiums.

    Key Features of the Bachat Yojana Plan:

    • The dual benefit of insurance and disciplined savings.
    • Highly affordable premiums that encourage long-term savings.
    • Limited pay period of only 10 years while life insurance coverage extends for 15 years.
    • Provides sum assured along with bonus, if any, on the maturity of the plan.
    • Offers sum assured along with bonus, if any, on the death of the life insured during the policy tenure.

    Key Benefits of the Bachat Yojana Plan:

    • Financial protection for your loved ones in your absence.
    • Sum assured + bonus (simple revisionary bonus and terminal bonus) to take care of long-term savings.
    • Affordable premiums that easily fit your pocket.
    • Limited premium paying term of 10 years.
    • Flexibility to choose the premium payment mode – annual, semi-annual, monthly and payroll savings program (PSP).
    • Option to avail loan against the policy.
    • Tax benefits as applicable under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

    Specifications of the Bachat Yojana Plan:

    Eligibility criteria:

    Particulars Criteria
    Minimum entry age 20 years
    Maximum entry age 60 years
    Maximum age at maturity 75 years
    Sum assured Minimum - ₹64,800
    Maximum - ₹5,00,000

    Product Specifications at a glance:

    Type Non-linked, Individual, Participating, Life Insurance, Savings Plan
    Premium payment term options 10 years limited pay
    Policy term 15 years
    Minimum premiums Annual – ₹6,000
    Semi-annual – ₹10,000
    Monthly/PSP – ₹15,000
    Maximum premiums ₹23,999 per insured life
    Premium payment mode Annual, Semi-annual, monthly and Payroll Savings Program (PSP)
    Death Benefit In case of death during the policy tenure, the policy will pay:
    Death sum assured + accrued simple reversionary bonus if any + terminal bonus if any

    The death sum assured is the higher of:
    10 times the annualized premiums,
    The total amount assured to be paid on the death of the policyholder, or
    105% of total premiums paid till the death of the policyholder.
    Maturity Benefit In case the policyholder survives until the policy maturity, the maturity benefit will include Base Sum Assured + accrued Simple
    Reversionary Bonus plus Terminal Bonus, if declared.
    Simple Reversionary Bonus Is declared from the third policy year onwards but is not guaranteed. The bonus, if any, is payable on:
    Death of the life insured, or
    Maturity or on policy surrender, whichever is earlier.
    Terminal Bonus Terminal Bonus is declared from the fifth policy year onwards. This bonus is payable along with death or maturity benefit, whichever is earlier.

    Other Provisions and Features of the Bachat Yojana Plan:

    Bachat Yojana Plan is an ideal long-term savings plan as it provides you with the following additional features:

    • Loan facility: You can get a loan against your Bachat Yojana policy. The maximum amount of loan you can take is limited to 90% of the Special Surrender Value, less than any unpaid premiums at the end of the relevant policy year. The rate of interest is decided by the company.
    • Free look period: You can cancel the policy within 15 days from the receipt of the Bachat Yojana Plan. Your premiums will be refunded after deduction of minimal charges.
    • Grace period: If you fail to pay your policy premiums before the due date, you get a 30-day (15-days for monthly and PSP premium mode) grace period to fulfil your dues without incurring any interest.
    • Surrender value: If you pay first two year’s policy premiums, the policy will acquire a surrender value. The surrender value is the maximum of the Guaranteed Surrender Value and Special Surrender Value.

    PNB MetLife Bachat Yojana Plan fits your insurance, savings and budget needs perfectly. Buy this plan and build a strong foundation for your future.

    Know more about term plan, term insurance and life insurance at PNB MetLife.



    PNB MetLife Bachat Yojana Individual, Non-Linked, Participating, Savings, Life Insurance Plan. The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision. Tax benefits are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.

    PNB MetLife India Insurance Company Limited
    Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
    IRDAI Registration number 117 | CIN U66010KA2001PLC028883
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
    Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
    The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.


    Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers!
    IRDAI is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint.



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    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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