Unit Linked Insurance Plan & Policy | ULIP Plans - PNB MetLife Insurance

Key Benefits of MetLife Smart Platinum

  • 1

    Flexible premium payment options

  • 2

    Auto rebalance investment portfolio

  • 3

    Partial withdrawal of policy after 5th year

  • 4

    Option to change sum assured

Overview

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. In this Unit linked life insurance Plan, the Investment Risk in investment portfolio is borne by the Policyholder.

MetLife Smart Platinum ensures

  1. Choice of 6 unit-link funds for investment
  2. Provide insurance coverage up to 99 years old with a 5 year premium.
  3. Help manage investment risk with auto rebalancing option
  4. Provide liquidity with partial withdrawal of policy after 5th year

Product Benefit

Death Benefit

In the event of death, the beneficiary will receive the following benefits, whichever is higher:
  1. If death occurs before the age* of 60:
    • Base Fund Value that is equal to the value of units in the Base Premium Account, or 
    • Base Sum Assured less all Partial Withdrawals, made in the last 24 months before death, or 
    • 105% of the total Premiums paid, regular or limited
  2. If death occurs on or after the age* of 60:
    • Base Fund Value that is equal to the value of units in the Base Premium Account, or 
    • Base Sum Assured less all Partial Withdrawals made in the last 24 months before death or all Partial Withdrawals made after age 60, whichever is higher, or
    • 105% of the total premiums paid, regular or limited
*(As on the date of receipt of written intimation of Claim with appropriate proof of death at our designated office)  shall also be payable.

Maturity Benefit

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.

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

Terms & Conditions Download Brochure

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