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.
Life Cover
In case of an unfortunate incident, your Nominee will get Death benefit comprising of the cover selected.
Maturity Benefit
Avail a maturity benefit on surviving the term. You can claim your maturity once the policy term comes to an end.
Waiver of Premium on Critical Illness
If you’ve opted for Savings Plus options, your future premiums shall be waived upon diagnosis of any of the 35 listed Critical Illnesses.
Simple Reversionary Bonus & Terminal Bonus
A 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
Plan Options
This plan can financially protect you and your loved ones with two variants: Savings option & Savings Plus option.
What you don’t get
Suicide Exclusions
If the Life Assured’s death is due to suicide within twelve months from the date of commencement of risk or from the Date of Revival of the Policy as applicable, the Nominee or beneficiary of the Policyholder shall be entitled to 80% of the total Premium paid till the date of death under the Policy death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in Inforce status. We shall not be liable to pay any interest on this amount.
Exclusions for Critical Illness benefit
No waiver of premium benefit will be payable if the Critical Illness is caused or aggravated directly or indirectly by any of the mentioned acts in Term & Conditions of the life insured unless those are beyond his / her control. Please refer complete Sales Brochure.
On survival of the Life Assured till the Maturity Date, the Maturity Benefit payable will be the sum of:
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
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
You can avail two plan options under this endowment policy. They are:
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:
| 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 |
| 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 |
You can purchase this plan offline using any of the below methods:
Disclaimer:
AD-F/2020-21/00314
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 Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.
