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    PNB MetLife Smart Platinum Plus

    #HarDreamKaroHaasil

    Individual, Unit-Linked, Non-Participating, Life Insurance Plan | UIN: 117L125V01

    Presenting PNB MetLife Smart Platinum Plus — a whole life protection and savings-oriented insurance plan which offers a life insurance cover to protect your family in case of your unfortunate demise while also providing you with tailor-made solutions to achieve your goals. With this plan, wealth creation doesn’t have to take a back seat even during critical illness.

    Premier Multicap Fund managed by PNB MetLife has been a consistent Top Quartile Performer as per #Morningstar in the Multicap Funds Category, regularly outperforming it’s benchmark & peers. This fund has generated 59.6%^ return as against 51.6%^ BSE500 return and 49.0%^ category average return.

    PNB MetLife
    Premier
    Multicap
    Fund
    As of July 31, 2021 Absolute Return CAGR Return

    Returns

    Last 1 Month

    Last 6 Months

    Last 1 Year

    Last 2 Years

    Last 3 Years

    Since Inception

    Portfolio Return 3.9% 27.5% 59.6% 28.8% 17.0% 18.6%
    BSE500 Return 1.4% 21.1% 51.6% 23.2% 12.4% 13.6%
    Morningstar Category Median 1.8% 20.6% 49.0% 22.7% 12.3% 13.5%

    ^ Source: Morningstar as of 31st July 2021

    Balanced Opportunities Fund managed by PNB MetLife has been Ranked 1st by #Morningstar in the Balanced Category from a universe of 91 funds. This fund has generated 46.7%^ returns as against 28.5%^ category average return.

    Balanced
    Opprtunities
    Fund
    As of 31st May 2021 1 Year 2 Years 3 Years

    Balanced Opprtunities NAV Returns

    46.7%^

    17.4%

    14.5%

    Insurance Balanced Category Median Return

    28.5%^

    10.8%

    9.7%

    Rank out of 91 funds

    1

    4

    4

    ^Source: Morningstar as of 31st May, 2021

    Even in the medium term period of 2 and 3 years, the fund has significantly outperformed its peers and ranked at #4.

    Virtue II Fund managed by PNB MetLife has been Ranked 1st on one year basis, by #Morningstar in the Multicap Category from a universe of 52  funds. This fund generated 37% return as against 22% category average return.

    Virtue II
    Fund
    1 Month 3 Month 6 Month 1 Year 3 Years 5 Years Since Inception

    7.5%

    18.4%

    34.6%

    37.1%

    11.3%

    14.1%

    11.5%

    Source: Morningstar as of 6th Jan, 2021

     

    Midcap Fund managed by PNB MetLife has been Ranked 1st on one year basis, by #Morningstar in the Midcap Category from a universe of  16  funds. This fund generated  35% return as against 25% category average return.

    Midcap
    Fund
    1 Month 3 Month 6 Month 1 Year 2 Years Since Inception

    8.1%

    24.2%

    46.9%

    34.6%

    18.9%

    11.3%

    Benchmark 7.8% 26.1% 39.3% 27.0% 11.3% 5.8%

    Source: Morningstar as of 6th Jan, 2021

    PNB MetLife Smart Platinum Plus in a nutshell
    • Whole Life Cover
    • Return of Fund Management Charge at the end of the 6th year#
    • Fund Booster at the end of the 10th year#
    • Waiver of Premium under Care Benefit$

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    With PNB MetLife Smart Platinum Plus:
    • Choose from 2 Plan Options -
      Wealth Option: Whole Life Cover
      Wealth + Care Option: Additional health protection through Waiver of premium$ on diagnosis of any one of the 5 Listed Critical Illness.
    • Total FMC charges deducted till the end of the 5th policy year# will be added back to the fund value at the end of the 6th policy year.
    • Get a Fund Booster to enhance your Fund Value at the end of the 10th policy year#.
    • Get a choice of 11 Unit Linked Funds.
    • Choose between a Whole Life Cover till the age of 80 years OR 99 years.
    • Choose to pay premiums once under Single Pay Option or throughout the policy term or for a limited period up to age 80.
    • You may be eligible to avail tax benefits on premiums paid and benefits received, as per prevailing tax laws

    How can PNB MetLife Smart Platinum Plus benefit you?

    As this plan offers you the best of both protection and savings, your wealth will always continue to grow. Find out how!

    Fund Performance

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    What you don’t get

    New TAX provisions for ULIP plans

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    Frequently Asked Questions

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    What are the product benefits of the PNB MetLife Smart Platinum Plus?

    Collapsed Expanded

    Choice from the below Plan Options:

    Option 1: Wealth Option
    This option offers benefit on death or maturity.

    Option 2: Wealth + Care Option
    This option offers in addition to the above benefits a Care Benefit on occurrence of Critical Illness. On occurrence of any one of the 5 listed Critical Illnesses, as a part of Care Benefit, all future due premiums shall be waived and an amount equivalent to premiums (chosen at inception) will be paid into the fund at each future premium due date following the date of diagnosis of Critical Illnesses.

    The benefits will vary based on the Option chosen by the Policyholder

    Premium Payment Flexibility

    • Choose to pay premiums once under Single Pay Option or throughout the policy term or for a limited period up to age 80
    • Choose to be covered till the age of 80 years or 99 years

    Choose your Sum Assured Multiple

    Return of Fund Management Charges at the end of the 6th policy year
    Total FMC charges deducted till the end of 5th policy year# will be added back to the fund value at the end of the 6th policy year.

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

    • Self- managed strategy: Choose amongst 11 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 booster at end of year 10th Policy Year

    Enjoy Tax Benefits
    You may be eligible to avail Tax benefits on premiums paid and benefits received, as per prevailing tax laws.

    Who is eligible to buy this policy?

    Collapsed Expanded

    Refer to the below table for the detailed eligibility criteria for this policy:

    Product Specification

    Minimum

    Maximum

    Age at entry (Years) 1

    Wealth Option

    0 (30 days)2

    70

    Wealth + Care Option

    18

    65

    Maturity age (Years)1

    Maturity Option 1: 80; Maturity Option 2: 99

    Policy Term (Years)

    Maturity Option 1: 80 - age at entry; Maturity Option 2: 99 years - age at entry

    Premium Paying Term (PPT) (Years)

    Wealth Option

    Single premium

    Regular premium - 10

    Limited pay - 5

    Single premium
    Regular premium - 99
    Limited pay - 80
    For limited pay: Subject to age of life assured not exceeding 80 years last birthday at the end of premium paying term.

    Wealth + Care Option

     Limited pay - 6

    25 (subject to age of life assured not exceeding 75 at the end of PPT)

    Both the above plan options offer all integer Premium Paying Term between minimum to maximum Premium Paying Terms mentioned in the table above (both inclusive).

    Annualized Premium (Rs.)

    Premium payment mode

    Annualized Premium

    Single

    1,50,000

    Annual

    48,000

    Semi-annual

    60,000

    Monthly

    1,20,000

    As per board approved underwriting policy

    Sum assured cover multiple

    • 1.25 (Single Premium)
    • 7 (Other than Single Premium)
    • 10 (Single Premium)
    • For Other than Single Premium Policies:

    Age Band

    Maximum Sum Assured cover multiple

    0 to 10

    40

    11 to 20

    35

    21 to 30

    30

    31 to 40

    25

    41 to 50

    20

    51 to 55

    15

    56 to 60

    10

    61 to 70

    7

    Sum Assured (Rs.)

    For Single Premium: 1,87,500
    For Regular/Limited Premium: 3,36,000

    Annualised Premium (or Single Premium) *Sum Assured cover multiple given above

    Premium Payment Mode

    Annual, Half Yearly and Monthly3

     

    1 All references to age are as on age last birthday
    2 For policies issued to minor lives the risk cover starts immediately at inception. In case the life assured is a minor, the policy will vest with the life assured when the life assured attains an age of 18 years.
    3 Monthly mode is available for Standing instruction/direct debit options (including Electronic Clearing System (ECS), and Automated Clearing House (ACH))

    What is the Death Benefit payable under this policy?

    Collapsed Expanded

    If the Life Assured’s death occurs while the Policy is in In-Force Status on the date of the Life Assured’s death, and the Policy and all rights, benefits and interests under this Policy shall immediately and automatically terminate.

    The Death Benefit payable will be higher of -

    • The Fund Value on the date of death;
    • The Sum Assured after deducting all Partial Withdrawals made during the 2 year period immediately preceding the Life Assured’s death;
    • 105% of the total Premiums paid excluding partial withdrawals made during two-year period immediately preceding the date of death of the Life Assured

    Where Sum Assured is higher of:

    • Basic Sum Assured
    • Sum Assured Cover Multiple X Single/Annualised Premium
    • Basic Sum Assured (BSA) is defined as:
      • For Single Pay: 1.25 times Single Premium
      • For Regular/ Limited Pay: 7 times Annualised Premium
    • Sum Assured Cover Multiple are applicable as stated in Eligibility Section on this page.

    What is the Maturity Benefit under this policy?

    Collapsed Expanded

    On survival of the Life Assured till the end of the policy term, provided the policy is in force and all due premiums are paid, we will pay the maturity benefit which is equal to total fund value as on the maturity date and all rights, benefits and interests under this Policy shall immediately and automatically terminate.

    Maturity Options available under this plan are:

    Option 1: Cover up to age 80 years
    Under this option, the life cover will be available till age 80 years, i.e. policy term will be equal to 80 minus age at entry.

    Option 2: Cover up to age 99 years
    Under this option, the life cover will be available till age 99 years, i.e. policy term will be equal to 99 minus age at entry.

    How does the Return of Fund Management Charge benefit work?

    Collapsed Expanded

    The total of Fund Management Charges (excluding any applicable goods and service taxes) deducted during the first 5 years of the policy net of taxes will be added back to the Fund Value at the end of the 6th policy year.

    For a premium payment term of 5 years, the total of Fund Management Charges (excluding any applicable goods and service taxes) deducted during the first 3 years of the policy net of taxes will be added back to the Fund Value at the end of the 6th policy year.

    Return of Fund Management Charge will be payable provided the policy is in force and all due instalment premiums till end of the 6th policy year have been paid in full.

    This benefit will not be available in case of Single Pay premium payment option.

    When will I receive a Fund Booster?

    Collapsed Expanded

    Fund Boosters will be allocated to your policy at the end of the 10th policy year provided the policy is in force and all due instalment premiums till date have been received in full.

    The Fund Booster at the end of the 10th year will be defined as a percentage of Average Daily Fund Values for each Fund during that same policy year at the end of the 10th policy year. If the policyholder has chosen multiple funds, a Fund Booster will be allocated to each fund based on the fund value of that particular fund and Fund Booster percentage. Fund Booster will be made by allocation of extra units based on the NAV as on the due date of the credit of fund booster.

    The allocation of Fund Booster units is guaranteed and shall not be revoked by the company under any circumstances.

    End of Policy year/ Fund

    Protector II, Bond Opportunities Fund, Liquid Fund, Balancer II & Balanced Opportunities Fund

    Multiplier III, Premier Multi-cap Fund, Mid Cap Fund, CREST (thematic fund), Flexi Cap & Virtue II

    10

    0.75% of Fund Value

    1% of Fund Value

    What is Care Benefit?

    Collapsed Expanded

    Under Option 2: Wealth + Care Option - on occurrence of any one of the 5 listed Critical Illnesses, all future premiums that would otherwise have been payable shall be waived for the remainder of the premium payment term and the company will continue to allocate units to your policy as if the premiums are being paid, at each future premium due date following the date of diagnosis of Critical Illnesses.

    What Critical Illnesses are covered under ‘Care Benefit’ of PNB MetLife Smart Platinum Plus?

    Collapsed Expanded
    1. Cancer of Specified Severity
    2. First Heart Attack – of specified severity
    3. Open Chest CABG
    4. Kidney Failure Requiring Regular Dialysis
    5. Stroke resulting in Permanent Symptoms

    How can I purchase PNB MetLife Smart Platinum Plus?

    Collapsed Expanded

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

    Disclaimer:

    • #Provided the policy is in-force and all due premiums have been paid, for 5 pay FMC deducted for first 3 policy years net of taxes and for all other premium payment terms FMC deducted for the first 5 years net of taxes will be added to the fund value.
    • $Terms and Conditions Apply. Please refer the sales brochure carefully before concluding a sale.
    • *Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.

    For return comparison of Premier Multicap Fund wih Morningstar Insurance Multicap Category Median Returns (Source: Morningstar India website), period is from 31st July, 2020 to 31st July, 2021.


    PNB MetLife Smart Platinum Plus is an Individual, Unit linked, Non-participating, Life Insurance plan (UIN: 117L125V01). Please consult your advisor for more details. In this policy, the investment risk in investment portfolio is borne by the policyholder. Please read the Sales brochure carefully before concluding any sale. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.

    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 Smart Platinum Plus 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.

    Source: Morningstar, the leading investment research organization. Data as of 6th Jan’21. Midcap fund’s inception date is 21/03/2018. The past performance is not necessarily indicative of future performance.

    #Morningstar is a US based investment research firm that compiles and analyzes funds, stocks and general market data. Its research is widely used across most of the world, including North America, Europe, Australia and Asia. Morningstar is considered a respected and reliable source of independent investment analysis for all levels of fund and stock investors.

    Morningstar, Inc. is a leading provider of independent research in North America, Europe, Australia and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors,  Asset managers, Insurers, retirement plan providers and sponsors and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. The Company has operations in 27 countries. For more information, visit: www.morningstar.com/company.

    ©2020 Morningstar. All rights reserved. The Morningstar name is registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar”); (2) many not be copies, redistributed or used, by any mean s, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from data published on various dates and procured from various sources and (5) shall not be construed as an offer to buy or sell any security or other investment vehicles. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents  shall be responsible or liable for any trading decisions, damage or other losses resulting directly or indirectly from the information.

    ^For return comparison of Balanced Opportunities fund with Morningstar Insurance Balanced Category Median Returns (Source: Morningstar India Website), period is from 31st May 2020 to 31st May 2021. The past performance in not an indicator of future performance.

    The linked insurance product do not offer any liquidity during first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of fifth year. 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 Life 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. Tax laws are subject to change from time to time and advised to consult your tax consultants for more details.

    SIFN No: ULIF02301/01/18BALANCEOPP117

    SFIN Number ULIF01215/12/09VIRTUE2FND117.

    SFIN No: ULIF02301/01/18BALANCEOPP117

    AD-F/2021-22/375

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    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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