PNB MetLife Bhavishya Plus With Triple Benefits

Key Benefits of MetLife Bhavishya

  • 1

    Death Benefits

  • 2

    Maturity Benefits

  • 3

    Guaranteed Payouts


PNB MetLife offers 'MetLife Bhavishya' - a guaranteed money back plan that pays out funds to help you meet the education and career milestones of your children. With this plan, the Life Insured is that of the parent. The plan also has inbuilt guaranteed additions to add value to the policy over its term.
There are two options to choose from and fixed term benefits, periodic additions & terminal additions are payable based on the option that you select. The policy is suitable for parents with children between the ages 0-12 and parents in the age group of 20-50 years old.

MetLife Bhavishya ensures

  1. Guaranteed payouts at critical milestones of the child’s life.
  2. Guarantee of policy continuance in case of the untimely demise of parent.
  3. Guaranteed payouts of 250%* of the chosen Sum Assured.
    *Tax Benefits as applicable.
    * When the term of the plan is 25 years.

Product Benefits

Death Benefit

In the event of death of the Person Insured (the parent), the family will receive a lump sum payment of Sum Assured. The fixed term payment and maturity benefits will continue irrespective of the death of the Life Insured and all future premiums on the policy would be waived.

Guaranteed Payouts

Option A: Policy matures at age 21 of the child.

Age of the Child         Percentage of Payout        Assumed Milestone

    15 years                       20% of Sum Assured             Class X

    17 years                       30% of Sum Assured             Class XII

    20 years                       50% of Sum Assured             College

    21 years                       Guaranteed Additions             Higher Education

Maturity Benefit

On maturity of the policy, the plan offers Guaranteed Periodic Additions and Terminal Additions:

  • Guaranteed Periodic Additions of 5% of the Sum Assured for every completed year.
  • Terminal additions of 20% of the total Guaranteed Periodic Additions.

Option B: Policy matures at age 25 of the child.

Age of the Child          Percentage of Payout        Assumed Milestone

    17 years                       20% of Sum Assured            Class XII

    21 years                       30% of Sum Assured            College

    23 years                       50% of Sum Assured            Higher Education

    25 years                       Guaranteed Additions           Wedding


Option A

Option B

Minimum Entry Age of the Child

0 years

0 years

Maximum Entry Age of the Child

8 years

12 years

Minimum Entry Age of the parent

20 years

20 years

Maximum Entry Age of the Parent

50 years

50 years

Policy Term

21 years - Age at Entry

25 years - Age at Entry

Minimum Sum Assured

Rs 1,00,000

Rs 1,00,000

Maximum Sum Assured

No Limit

No Limit

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