Mera Wealth Plan | Wealth Plans/ULIP Plans - PNB MetLife Insurance

Key Benefits of MetLife Mera Wealth Plan

  • 1

    Create your own wealth plan

  • 2

    Self-managed and systematic transfer options

  • 3

    Loyalty additions from 6th year

  • 4

    Life cover for the entire policy term

Overview

Introducing MetLife Mera Wealth Plan, a plan that enables you to create a financial blueprint for your goals at every stage in life.

With MetLife Mera Wealth Plan

  1. Create an investment plan that covers your goals
  2. Get good returns for your hard earned savings
  3. Choose your investment option: Self-managed option or Systematic transfer option
  4. Get rewarded for staying invested, with loyalty additions
  5. Protect your investment plan with a life cover

Product Benefit

Pay as you like

  • Select the duration of premium payment
    • Single Pay, 5 Pay, 10 Pay or Regular Pay 
  • Choose between two plan options
    • Premier or Online

Death Benefit

(For in-force policies, provided the monies are not in discontinued policy fund)
IN the event of death of the life assured, the nominee will receive the death benefit which will be higher of the following:

  • Fund value
  • Sum assured less partial withdrawals
  • 105% of total premiums paid excluding service tax.

Where, Sum Assured = Multiple * Annualized Premium (or Single Premium, as applicable)
Multiple is defined as below:
Single Pay: 1.25
Other pay options: 10 or (0.5 * chosen policy term) whichever is higher

Loyalty additions

Get Loyalty Additions every year from end of 6th policy year till maturity for both premier and online options, provided your policy is in force and all due premiums till date have been paid.

Create your own wealth plan

Select an investment option of your choice from

  • Self-Managed Option 
    • Manage your investments directly. 
    • Switch amongst six funds, including two new funds – Multiplier Fund and Liquid Fund. 
    • Choose premium redirection depending up on your changing risk appetite and market conditions.
  • Systematic Transfer Option – Eliminate the need to time your investments in the market.

Maturity Benefit

(For in-force policies)
On survival of the Life Assured till the end of the policy term, total fund value is payable

Premium Payment Type

Single Pay

5 Pay

10 Pay

Regular Pay

Premium Payment
Term (years)

Single premium

5

10

Same as policy term

Minimum Policy
Term (years)

10

10

11

10

Maximum Policy
Term (years)

20

20

30

30

Minimum Age
at entry (years)*

0 (30 days)

0 (30 days)

0 (30 days)

0 (30 days)

Maximum Age
at entry (years)*

60

54

60 (policy term<=25 years),
55 (policy term>25 years)

60

Minimum age
at maturity (years)*

18 years

18 years

18 years

18 years

Maximum age
at maturity (years)*

80

74

80

80

Minimum Annualized
Premium (Rs) (PREMIER)

100,000

100,000

24,000

24,000

Minimum Annualized
Premium (Rs) (ONLINE)

100,000

30,000

24,000

24,000

*Age last birthday

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