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    PNB MetLife Endowment Savings Plan Plus

    Saving Assured, Dreams Insured

    Individual, Non-Linked, Participating, Savings, Life Insurance Plan | UIN: 117N099V02

    PNB MetLife Endowment Savings Plan Plus, is an endowment life insurance plan that helps you accumulate your savings for your financial needs at every stage of life. Additionally, this monthly savings plan provides life cover to protect your family along with an option to protect your goals against critical illnesses.

    PNB MetLife Endowment Savings Plan Plus in a nutshell
    • Protect your family’s future
    • Additional bonuses from 1st policy year
    • Waiver of Premium against 35 Critical Illnesses
    • Life Cover for entire policy term

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    What you get

    With PNB MetLife Endowment Savings Plan Plus, you can:
    • Create a corpus to fulfill your goals
    • Pre-pay your home loan
    • Save for your child’s higher education
    • Save for your retirement needs
    • Opt to protect your family’s future with waiver of premium against 35 critical illnesses

    What you don’t get

    Frequently Asked Questions

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    What is the Maturity Benefit offered with PNB MetLife Endowment Savings Plan Plus?

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    On survival of the Life Assured till the Maturity Date, the Maturity Benefit payable will be the sum of:

    • Sum Assured on Maturity
    • Accrued Simple Reversionary Bonuses
    • Terminal Bonus, if any

    Is there a Waiver of Premium on Critical Illnesses Benefit (WoP on CI) with PNB MetLife Endowment Savings Plan Plus?

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    Where plan option is “Savings Plus”, if the Life Assured is diagnosed to be suffering from any of the 35 Critical Illnesses, all future premiums that would otherwise have been payable under the base policy shall be waived for the remainder of the premium payment term

    When is Bonus declared and paid under the policy?

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    Bonus gets added to your policy from first year of the policy which is payable either at maturity or death or surrender whichever is earlier

    What are the plan options available with PNB MetLife Endowment Savings Plan Plus?

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    You can avail two plan options under this endowment policy. They are:

    • Savings option: Waiver of Premium is not available under this option.
    • Savings Plus option: If the Life Assured suffers from any of the covered 35 Critical Illnesses, all future premiums that would otherwise have been payable shall be waived off for the remainder of the payment term.

    What is the Death Benefit offered by PNB MetLife Endowment Savings Plan Plus?

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    In the event of the unfortunate death of the Life Assured during the policy term provided that the policy is still In-force status on the date of death, the nominee shall receive Sum Assured on Death (as described below) plus the accrued Simple Reversionary Bonuses plus Terminal Bonus, if any, subject to a minimum of 105% of total premiums paid up to the date of death and the Policy shall terminate.Where Sum Assured on Death is the highest of:

    • 10 times of the Annualised Premium
    • Basic Sum Assured (BSA) which is the absolute amount assured to be paid on death

    What are the eligibility criteria of this plan?

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    Plan option Minimum age at entry

    Savings

    8

    Savings Plus

    18

    Savings option- Maximum Age at Entry    

    Premium Payment Type

    Annual

    Other modes

    Regular Pay

    55

    50

    Limiter Pay (10 pay / 7 pay / 5 pay)

    60

    55

    Savings Plus option- Maximum Age at Entry    

    Premium Payment Type

    Annual

    Other modes

    Regular Pay

    50

    45

    Limiter Pay (10 pay / 7 pay / 5 pay)

    55

    50

    Plan option Age at maturity

    Savings

    80

    Savings Plus

    Regular Pay: 65 - Limited Pay: 80

    Premium Paying Term (PPT) (Years)

    Regular pay: Same as policy term
    Limited pay: 5, 7 & 10 years

    Savings option - Policy Term (Years)  

    Premium Payment Type

    Policy Term

    5 Pay / 7 pay

    10-25

    10 Pay

    15-25

    Regular pay

    10-25

    Savings Plus option - Policy Term (Years)  

    Premium Payment Type

    Policy Term

    5 Pay / 7 pay

    10-25

    10 Pay

    15-25

    Regular pay

    10-15

    Premium Payment Type Minimum Annual Premium (Rs.)

    5 Pay

    48,000

    7 Pay

    34,000

    10 Pay

    24,000

    Regular pay

    18,000

    Maximum Premium (Rs.) As per Board approved underwriting policy

    Minimum Sum Assured (Rs.)

    2,20,000

    Maximum Sum Assured

    As per Board approved underwriting policy

    Premium Payment modes

    Yearly / Half Yearly / Monthly

    How can I purchase PNB MetLife Endowment Savings Plan Plus?

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    You can purchase this plan offline using any of the below methods:

    Disclaimer:

    AD-F/2020-21/00314

    Please fill out personal information

    The brochure has been sent to your email ID.

    Disclaimer

    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 claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. 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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