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    PNB MetLife Super Saver Plan

    Jab wealth ki guarantee aur bharosemand insurance ka ho saath, toh life badhe super fast!

    Individual, Non-Linked, Participating, Savings, Life Insurance Plan | UIN: 117N123V02

    PNB MetLife Super Saver Plan is a non-linked, participating life insurance plan that helps you accumulate your savings and provides a long-term financial protection for you and your family. Additionally, it also provides a waiver of premiums to ensure that your goals are not compromised in case of critical illness or an untimely demise.

    PNB MetLife Super Saver Plan in a nutshell
    • Growth with Bonuses^^
    • Maturity Benefit@
    • Liquidity with Cash Bonuses#
    • Waiver of Premium benefit*

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    What you get

    With PNB MetLife Super Saver Plan, you can:
    • Gain financial strength to fulfil your aspirations and goals
    • Ensure financial protection for your family with Savings + Family Care option where Maturity benefit is paid as scheduled even after death of the Life Assured and no future premiums are payable after death.
    • Safeguard your goals from unexpected illnesses

    What you don't get

    Frequently Asked Questions

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    What Plan Options are available under PNB MetLife Super Saver Plan?

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    This plan offers three Plan options Savings, Savings + Family Care and Savings + Health Care Option:

    Savings option:This option  offers a Lump sum benefit on death or maturity; wherein the Lump Sum Benefit is the sum of Basic Sum Assured, accrued Simple Reversionary Bonuses, if any and Terminal Bonus, if any.

    Savings + Family Care option

    In addition to the Savings Option Benefits all the future instalment premiums that would otherwise have been payable under the policy for the remainder premium payment term are not payable after the death of life assured of the policy and Maturity Benefit (including all bonuses) will be payable as
    mentioned in the Maturity Benefit section.

    The Policy Holder, through the Proposal Form may nominate a child or spouse to receive the Policy Benefits. The nominee is the main beneficiary under this option. In case the nominee is a minor, the details of Appointee will have to be furnished at the inception through the Proposal Form. Nomination shall be allowed as per the provisions of Section 39 of the Insurance Act, 1938 as amended from time to time. The life assured and policyholder should be same under this option.

    Savings + Health Care Option: In addition to the Savings Option Benefits this option offers a Waiver of Premium (WOP) on occurrence of Critical Illness. All the future premiums are waived on occurrence of any one of the 35 listed Critical Illnesses

    What Bonus Options can be availed under PNB MetLife Super Saver Plan?

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    The Policy Holder shall have the option to choose the following bonus options at inception of the policy:

    Option 1: Accumulation: Simple Reversionary Bonus, if
    any will accrue throughout the Policy Term and is paid as lumpsum on the Maturity Date or Death (except in Plan Option 2: Savings + Family Care), whichever is earlier. For Savings + Family Care Option, after Death of the Life Assured Simple Reversionary Bonus, if any shall be accrued and paid along with
    Maturity Benefit.

    Option 2: Liquidity:

    • Simple Reversionary Bonus, if any accrues during Premium Payment Term and is paid at the Maturity Date or death (except in Plan Option 2: Savings + Family Care) whichever is earlier. For Savings + Family Care Option, after Death of the Life Assured Simple Reversionary bonus, if any shall be accrued during premium payment term and paid along with Maturity benefit.
    • Cash Bonus, if any will be paid at the end of each Policy Year after the expiry of the Premium Payment Term till the Maturity Date or death (except in Plan Option 2: Savings + Family Care), whichever is earlier. For Savings + Family Care Option, after death of the Life Assured Cash bonus, if any shall continue to be paid till Maturity.

     What is the Death Benefit offered under PNB MetLife Super Saver Plan?

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    In the event of the unfortunate death of the Life Assured, provided that the policy is still in In-force status on the date of death, and if ‘Savings’ or ‘Savings + Health Care’ option is chosen, the nominee shall receive:Sum Assured on Death plus the accrued Simple Reversionary Bonuses, if any 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.


    If ‘Savings + Family Care’ option is chosen, the nominee shall receive:

    • Sum Assured on death
    • All future premiums, if any, that would otherwise have been payable under the base policy shall be waived for the remainder of the premium payment term and
    • At the end of the policy term, following benefit shall be payable:
    • Sum Assured on Maturity + Accrued Simple Reversionary Bonus, if any + Terminal Bonus, if any.
    • In addition, if Bonus option 2 - Liquidity is chosen; the cash bonus, payout, if any, shall continue to be paid till maturity.

    What is the Maturity Benefit offered by PNB MetLife Super Saver Plan?

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    In case the Policy is in In-force status and all due instalment premiums have been received by us:

    Maturity Benefit payable will be the sum of:

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

    What are the eligibility criteria for PNB MetLife Super Saver Plan?

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    Product specification
    Plan options Option 1: Savings
    Option 2: Savings + Family Care
    Option 3: Savings + Health Care
    Bonus options Option 1: Accumulation
    Option 2: Liquidity
    Minimum age at entry (Years)3
    Plan option Age at entry
    Savings 0 (30 days)
    Savings + Family Care and Savings + Health Care 18
    Maximum age at entry (Years) 3
    Plan option Premium payment mode
    Annual mode Other modes
    Savings 60 55
    Savings + Family Care 50 45
    Savings + Health Care
    For PPT: 5,7,10 and 12 Pay - 55 years
    For PPT 15 and Regular Pay - 50 years
    For PPT:5,7,10 and 12 Pay - 50 years
    For PPT:15 and Regular Pay - 45 years
    Minimum age at maturity (Years) 3
    Plan option Age at maturity
    Savings 18
    Savings + Family Care 28
    Savings + Health Care
    Maximum age at maturity (Years) 3
    Plan option Age at maturity
    Savings 80
    Savings + Family Care 70
    Savings + Health Care
    For PPT: 5,7,10 and 12 Pay - 75
    For PPT: 15 Pay and Regular pay - 70
    Premium Payment Term (PPT) (Years) 5, 7,10,12,15 and Regular pay
    Policy Term (Years)
    Premium Payment Term Minimum Policy term Maximum Policy term
    5 and7 10 20
    10 11 20
    12 13 20
    15 16 20
    Regular pay 10, 12 and 15
    This product offers all integer policy terms between the minimum and maximum policy terms mentioned in the table above (both inclusive), depending on the premium payment Term and plan option chosen by the policyholder. For Regular pay only policy term 10, 12 and 15 years will be allowed.
    Minimum Annualised Premium (Rs.)
    Premium Payment Term (Years) Premium (Rs.)
    5 50,000
    7 35,000
    10 25,000
    12, 15 and Regular pay 20,000
    Maximum Annualised Premium (Rs.) Basis the Basic Sum Assured accepted 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

    3 All reference to age is as on age last birthday. For policies issued to minor lives the risk cover starts immediately at inception. Also, 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.

    How can I purchase PNB MetLife Super Saver Plan?

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    You can purchase this plan offline in any of the following three ways:

    Disclaimer:

    Please refer to the sales literature for more details on the benefits

    • ^^Growth with Bonus: Simple reversionary yearly bonus, cash bonus and terminal bonus are subjected to the announcement by the company.
    • #Liquidity with cash bonus: May be availed under Liquidity bonus option in certain specified product terms + premium payment terms.
    • *Waiver of premium benefit: It is an optional benefit available under Savings + Heath Care & Savings + Family Care Option.
    • @Maturity benefit: Sum assured is guaranteed at the time of maturity only for all In-force policies if all due premiums have been paid.

    AD-F/2020-21/00336

    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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