MUMBAI/DELHI: PNB MetLife, among India’s leading private life insurers, announced the launch of its first online ULIP
MUMBAI/DELHI: PNB MetLife, among India’s leading private life insurers, announced the launch of its first online ULIP - MetLife Mera Wealth Plan a comprehensive and flexible online ULIP. The product offers multiple options to help plan for long-term investment goals or protection needs of customers linked to retirement, child education, or any other need-based requirement.
With flexibility at its core, MetLife Mera Wealth Plan provides multiple premium payment options for the customer. In addition, MetLife Mera Wealth Plan provides Loyalty Additions every year from end of 6th policy year till maturity. Customers can also choose between either Self-managed or Systematic Transfer Option based on their risk appetite.
Speaking on the launch, Niraj Shah, CFO, PNB MetLife said, “At PNB MetLife, we have always designed our products keeping in mind the diverse and changing needs of our customers. MetLife Mera Wealth Plan therefore, is an ideal value proposition because it provides the customer a great deal of flexibility to create his/her financial plan for wealth creation over long-term, while providing protection.”
“This product provides flexibility of paying premiums with the freedom to choose the structure of payouts. It also provides customers the option of investing their premium among six funds with the flexibility of redirecting future investments depending on the changing risk profile and market conditions. The extra advantage this product provides is Loyalty Additions every year after the policy completion of six years,” he further added.
Key features of MetLife Mera Wealth Plan (MMWP):
|Premium Payment Type||Premium Payment Term (years)||Policy Term (years)|
|Single Pay||One pay||10 to 20|
|5 Pay||5||10 to 20|
|10 Pay||10||11 to 30|
|Regular Pay||10 to 30||10 to 30|
|Annualized Premium < Rs. 5 Lakh||Annualized Premium < Rs. 5 Lakh||Annualized Premium < Rs. 5 Lakh||Annualized Premium >= Rs. 5 Lakh||Annualized Premium >= Rs. 5 Lakh|
|Policy Year/ Fund||Flexi Cap & Multiplier III||Balancer II, Preserver II , Protector II & Liquid Fund||Flexi Cap & Multiplier III||Balancer II, Preserver II , Protector II & Liquid Fund|
|6 – 9||0.4%||0.3%||0.5%||0.4%|
About PNB MetLife India Insurance Company Limited
PNB MetLife India Insurance Company Limited (PNB MetLife) is a joint venture between MetLife International Holdings LLC. (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, with MIHL and PNB being the majority shareholders.
For more information, follow on twitter @PNBMetLife1, visit www.pnbmetlife.com
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale
The marks “PNB”,“ ”, and “MetLife” are the registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks”