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    PNB MetLife Goal Ensuring Multiplier

    An Individual, Unit Linked, Non-Participating, Life Insurance Plan | UIN: 117L133V01

    Presenting PNB MetLife Goal Ensuring Multiplier (GEM), a solution that provides you with life insurance cover and helps you to invest systematically thereby creating long-term wealth to fulfil your dreams. You can grow your investment with our diverse portfolio of funds that have been consistently performing over the last two decades

    “Introducing 2 new funds – India Opportunities Fund & Sustainable Equity Fund”

    India Opportunities Fund will seek to generate wealth by investing in companies that focus on Digitization, Atmanirbhar Bharat and Resurgence in manufacturing propelled by Make-in-India initiatives.

    Sustainable Equity Fund will seek to generate wealth by investing in companies which are incorporating and exhibiting responsible and sustainable practices across Environmental, Social and Governance (ESG) parameters by managing a balanced approach towards all the stakeholders to ensure sustainability and longevity of business.

    Fund Category (Group) PNB MetLife Fund Rank Total Funds per category
    Multiplier III Large Cap (Equity) 1st 102
    Virtue II Multi Cap (Equity) 1st 51
    Mid Cap Mid Cap (Equity) 1st 19
    Balanced Opportunities Balanced Allocation (Allocation) 1st 91
    Protector II Medium to Long Duration (Fixed Income) 2nd 57

    Source: Morningstar India, PNB MetLife website
    *Based on 1 year performance, as of 13th December 2021

      1 Year (CAGR) 3 Year (CAGR) 5 Year (CAGR)
    Scheme Name SFIN# NAV Return (%) Benchmark NAV Return (%) Benchmark NAV Return (%) Benchmark
    Equity              
    Mid Cap ULIF02601/01/18MIDCAPFUND117 63.1 46.0 27.8 18.0    
    Virtue Fund II ULIF01216/12/09VIRTUE2FND117 49.8 NA 24.6 NA 20.6 NA
    Multiplier III ULIF01909/10/15MULTIPLIE3117 36.7 31.0 16.9 16.0 16.4 16.6
    Balanced              
    Balanced Opportunities ULIF02301/01/18BALANCEOPP117 30.0 23.8 18.0 14.3    
    Debt              
    Protector II ULIF00916/12/09PROTECTOR2117 6.2 4.0 7.6 9.4 5.4 7.1

    As of 30 November 2021

    PNB MetLife Goal Ensuring Multiplier in a nutshell:
    • Return of Charges–
      Return of Fund Management Charges (ROFMC1)
      Return of Premium Allocation Charges (ROPAC2)
      Return of Mortality Charges (ROMC3)
    • Fund Boosters6 to grow your fund value
    • Exclusive Child Solution with Waiver of Premium on the death of proposer
    • Option to cover two lives by paying one premium
    • Convenient TOP Up Option to build your fund value even bigger 
    • Choice of 13 funds that suit your risk appetite

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    Plan Benefits:
    • Choice among 5 plan options:
      1. Wealth
      2. Wealth + Care
      3. Goal Assured
      4. Income Assured
      5. Smart Child
    • Choose to pay for limited period of 5, 7 & 10 years or throughout the policy term
    • Single Pay available under Wealth Option
    • Option to stay protected throughout your life

    Fund Performance

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    What you don’t get

    Frequently Asked Questions

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    What are the benefits of the PNB MetLife Goal Ensuring Multiplier?

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    Choice from below Plan options:

     

    Option 1: Wealth: This option offers accumulated fund value to the policyholder at maturity. If policyholder dies during the policy term, lumpsum benefit will be paid to the nominee. 

     

    Additionally Joint life coverage, basis two lives may also be opted under this option

     

    Option 2: Wealth + Care: This option gives life cover to the policyholder along with waiver of premium on specific Critical Illnesses

     

    Option 3: Goal Assured: This option helps secure your goals in times of unforeseen events. In case of death of policyholder, lumpsum benefit will be paid to the nominee along with waiver of any remaining premiums. Additionally, the nominee will receive the accumulated fund value as maturity benefit

     

    Option 4: Income Assured: This option provides additional income to the nominee after death of the policyholder along with lumpsum death benefit on death. Any remaining premiums will be waived off and the nominee shall receive the accumulated fund value at maturity

     

    Option 5: Smart Child:  This option offers life insurance cover to policyholder’s child. In case of policyholder’s death, future premiums will be waived off and policy shall continue with risk cover for the child and accumulated fund value will be received at maturity

     

    Please refer to sales brochure for detailed benefit structure 

     

    Return of Charges 

    • Return of Fund Management Charges (ROFMC1) at the end of the 10th policy year
    • Return of Premium Allocation Charges (ROPAC2) - We give you back in equal installments at the end of 10th, 15th & 20th policy year a total of up-to150% of Premium Allocation Charges
    • Return of Mortality Charges (ROMC3) - Get 25% to 100% of the total mortality charges returned to you at maturity (based on the plan option and the policy term chosen by you)

     

    Create your own wealth plan through a choice of portfolio strategies:

     

    • Self- managed strategy: Choose amongst 13 diverse funds.
    • Systematic transfer strategy: Transfer your premium to equities in regular monthly instalments.
    • Life-stage strategy: Personalise your portfolio to create an ideal balance between equity and debt, based on your age.

     

    Enhance Your Fund Value:

     

    Get rewarded with fund booster6 at end of 10th, 15th, 20th, 25th & 30th year

     

    Who is eligible to buy this product?

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      Wealth Smart Child Wealth + Care Goal Assured Income Assured
    Minimum Entry Age (Yrs.) 0 (30 Days) LA - 0 (30 Days)
    Proposer – 18
    18
    Maximum Entry Age (Yrs.) Single Life: 60
    Joint Life: 55 (Both lives)
    LA - 25 60 45
    Minimum Policy Term (Yrs.)

    Single Life:
    Other than Whole Life: 10
    Whole Life: 39

    Joint Life: 10

    10
    Maximum Policy Term (Yrs.) Single Life:
    Other than Whole Life: 30
    Whole Life: 99
    Joint Life: 10
    25 20
    Maximum Maturity Age (Yrs.) Single Life:
    Other than Whole Life: 90
    Whole Life: 99
    Joint Life: 65
    LA: 50
    Proposer: 85
    85 70 65
    Premium Paying Term Single Life:
    Other than Whole Life: Single Pay, Regular Pay, 5 Pay, 7 Pay, 10 Pay
    Whole Life: Regular Pay, 7 Pay, 10 Pay
    Joint Life: Single Pay
    Regular Pay, 5 Pay, 7 Pay, 10 Pay
    Minimum Premium Single Pay: Rs 1,50,000
    Minimum Annualized Premium: Rs 18,000
    Maximum Premium No Limit

    * For the Joint Life coverage, the entry age for any one of the lives should be at least 18 years.

    * For the Wealth + Care option, maximum Premium Paying Term will be subject to age of life assured not exceeding 75 years at the end of premium paying term.

    * For policies issued to minor lives under Wealth (Single Life)  and Smart Child options, the minimum policy term would be subject to the life assured being at least 18 years at the time of maturity of the policy.

    * LA denotes Life Assured 

    What is the Death Benefit payable under this policy?

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    On a valid death claim for an in-force policy where all due premiums have been paid, the benefi­t payable on the death of the Life Assured shall be:

    Highest of the following amounts:

    • The Fund Value as on the date of intimation of death
    • The Sum Assured after deducting any Partial Withdrawals made during the two-year period immediately preceding the date of death
    • 105% of the total Instalment Premiums received less any partial withdrawals made during two-year period immediately preceding the date of death.

    In the Goal Assured & Income Assured options, the fund value shall not be considered for death benefit

    Plus, the highest of the following amounts

    • Top Up Fund Value as on the date of intimation of death
    • Top Up Sum Assured
    • 105% of the total Top up premiums paid up to the date of death
      Partial withdrawals from the Top-up fund shall not be deducted for the purpose of determining the death benefit

    Where Sum Assured is defined as Single Pay/Annualized Premium * Sum Assured Multiple chosen at inception and Top Up Sum Assured is Top Up Premium * 1.25

    What is the Maturity Benefit under this policy?

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    The Maturity Benefit is the amount payable to the Policyholder or the Nominee(s) on maturity of this policy at expiry of the Policy Term. The Maturity Benefit is equal to the Total Fund Value (including top-up fund value) in the Unit Account determined using the Net Asset Value on the Maturity Date.

    How does Return of Charges work?

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    • ROFMC for Single pay & 5 Pay would be for FMC deducted for first 5 years and for 7 pay & above would be for FMC deducted for first 7 years
    • ROPAC benefit expressed as percentage of Premium Allocation charges deducted in the policy. Total of 150% for policies with term greater than or equal to 20 years (paid equally at end of 10th, 15th and 20th policy year), 100% for policy term 15-19 years (paid equally at the end of 10th and 15th year) and 50% for policy term 10-14 years (at the end of 10th year)
    • ROMC is expressed as % age of mortality charges deducted in the policy. ROMC is not available for Single Pay

    When will I receive a Fund Booster?

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    The customer shall receive this additional benefit as per the following schedule:

    Premium Paying Term Fund Booster Percentage Credit at the End of Policy Year
    Regular Pay, 5 Pay, 7 Pay, 10 Pay 1% 15, 20, 25 & 30
    Single Pay 2.4% 10, 15, 20, 25 & 30

    What are additional benefits you get?

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    Waiver of Premium on Death:

    In case of death within the Premium Paying Term for a In Force Policy, any future Installment Premiums that would otherwise have been payable under the Policy shall be waived.

    This Benefit is applicable as follows

    • On the Life Assured for the Goal Assured & Income Assured options
    • On the Life of the Proposer for the Smart Child Option

    Waiver of Premium on Critical Illness (Only under Wealth + Care Option):

    In case of diagnosis of any one of the following five Critical Illnesses 

    • Cancer of Specified Severity
    • First Heart Attack – of specified severity
    • Open Chest CABG
    • Kidney Failure Requiring Regular Dialysis
    • Stroke resulting in Permanent Symptoms

    Disclaimer:

    Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. PNB MetLife India Insurance Company Limited is only the name of the Life Insurance Company and PNB MetLife Mera Wealth Plan is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The policyholder can know the value of policy wise units as per the FORM D02 through a secured login on the PNB MetLife website (www.pnbmetlife.com)
    *For More details on risk factors, terms and condition please read the sales brochure before concluding the sale. For Further details on all the conditions exclusions related to product, please contact our insurance advisors. The Investment risk in investment portfolio is borne by the policyholder.

    1Return of Fund Management Charges (ROFMC) for Single pay & 5 Pay would be for FMC deducted for first 5 years and for 7 pay & above would be for FMC deducted for first 7 years. This will be credited back at the end of the 10th policy year.

    2Return of Premium Allocation Charges (ROPAC) is expressed as percentage of Premium Allocation charges deducted in the policy. The value of ROPAC would be 150% for policies with term greater than or equal to 20 years (paid equally at end of 10th, 15th and 20th policy year), 100% for policy term 15-19 years (paid equally at the end of 10th and 15th year) and 50% for policy term 10-14 years (at the end of 10th year).

    3Return of Mortality Charges (ROMC) is expressed as percentage of mortality charges deducted in the policy (net of any taxes). ROMC is not available for Single Pay.

    4Tax Benefits under this plan may be available as per the provisions and conditions of the Income Tax Act, 1961 and are subject to any changes made in the tax laws in future. Please consult your tax advisor for advice on the availability of tax benefits for the Premiums paid and proceeds received under the policy for more details.

    5Waiver of Premium on death is available in Smart Child, Goal Assured & Income Assured options and Waiver of Premium on critical illness is available in Wealth + Care option.

    6For Regular Pay, 5 Pay, 7 Pay & 10 Pay: Fund Booster at the end of 15th, 20th, 25th & 30th years. For Single Pay: Fund Booster at the end of 10th, 15th, 20th, 25th & 30th years

    AD-F/2022-23/159

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    Disclaimer

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    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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