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    PNB MetLife Smart Platinum

    When you secure their future, make it brighter too

    Individual, Unit Linked, Life Insurance Plan | UIN: 117L066V03

    In this policy, the investment risk in investment portfolio is borne by the policyholder.

    PNB MetLife Smart Platinum is a unit-linked insurance plan that gives you the flexibility to build your investment portfolio through 6 different funds. Our ULIP plan covers you till 99 years of age with an option to choose a premium term of 5 years, 10 years or whole life.

    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%

    PNB MetLife Smart Platinum in a nutshell
    • Flexible premium payment options
    • Auto rebalance investment portfolio
    • Partial withdrawal of policy after 5th year
    • Option to change Sum Assured

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    What you get

    Product benefits of PNB MetLife Smart Platinum
    Life Cover

    Life Cover

    Protect your loved ones in your absence

    Maturity Benefit

    Maturity Benefit

    Get your fund value on maturity

    In the event of death, the beneficiary will receive the following benefits, whichever is higher:

    • The Fund Value; or
    • The Basic Sum Assured less all Partial Withdrawals made during 2-year period immediately preceding the date of death of the Insured or
    • 105% of the total Regular or Limited Premiums paid excluding partial withdrawals made during two-year period immediately preceding the date of death of the Insured.

    In the event of the insured person surviving the policy term, the following benefits can be availed:

    • The maturity benefit is paid out when the insured reaches 99 years old.
    • Amount paid is equals to the Total Fund Value in the account on maturity of the policy.
    PNB MetLife Smart Platinum ensures:
    • Choice of 6 unit-link funds for investment
    • Plan your goals with a lump sum at maturity
    • Provide insurance coverage up to 99 years old with a 5-year premium.
    • Help manage investment risk with auto rebalancing option
    • Provide liquidity with partial withdrawal of policy after 5th year

    Fund Performance

    Error

    What you don’t get

    Suicide Exclusions

    In case of death of the Life Assured, due to suicide within 12 months from the Date of Commencement of Risk, or from the date of Revival of the Policy, as applicable, Our liability to make payment under the Policy shall be limited to refunding the Fund Value as on date of intimation of Life Assured’s death. Any charges other than the Fund Management Charges (FMC) recovered subsequent to the date of death shall be added back to the Fund value as available on the date of intimation of death.

    New TAX provisions for ULIP plans

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    Frequently Asked Questions

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    What is the Death Benefit covered under PNB MetLife Smart Platinum?

    Collapsed Expanded

    In the event of death, the beneficiary will receive the following benefits, whichever is higher:

    • The Fund Value; or
    • The Basic Sum Assured less all Partial Withdrawals made during 2-year period immediately preceding the date of death of the Insured or
    • 105% of the total Regular or Limited Premiums paid excluding partial withdrawals made during a two-year period immediately preceding the date of death of the Insured.

    What is the Maturity Benefit covered under PNB MetLife Smart Platinum?

    Collapsed Expanded

    The maturity benefit is paid out when the insured reaches 99 years old. Amount paid is equals to the Total Fund Value in the account on the maturity of the policy.

    What are the eligibility criteria for PNB MetLife Smart Platinum?

    Collapsed Expanded

    Particulars

    Boundary Conditions

    Minimum Age at Entry(LBD)

    7 years

    Maximum Age at Entry(LBD)

    70 years

    Premium Payment Term (years)

    5 pay/ 10pay/ entire term of the policy

    Minimum Annualized Premium (in Rupees)

    Rs 30,000 for Annual mode
    Rs 60,000 for other modes

    Minimum and Maximum multiple for Base Sum Assured

    Minimum and Maximum Sum Assured multiple table

    Premium Payment Modes

    Annual, Semi-Annual, Monthly, Quarterly

    How can I purchase PNB MetLife Smart Platinum?

    Collapsed Expanded

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

    Disclaimer:

    The linked insurance products 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 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 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. 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.

    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. SFIN Number ULIF01215/12/09VIRTUE2FND117.”

    AD-F/2020-21/640

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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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