PNB MetLife Junior Money Back, Child Insurance Plans

Key Benefits of MetLife Junior Money Back

  • 1

    Death Benefits

  • 2

    Maturity Benefits

  • 3

    Survival Benefits

Overview

PNB MetLife offers 'MetLife Junior Money Back' - a money back plan that combines savings and security. Your child's well-being is your highest priority. So we offer you a money back plan which provides guaranteed periodic survival benefits at the end of 5, 10 & 15 years, along with guaranteed growth of your savings.
A plan which offers both timely and efficient "return on investment" with payouts at different milestones.

MetLife Junior Money Back ensures

  1. Guaranteed Survival Benefit: Payment of 20% of Sum Assured every year starting from 5th year up to maturity.
  2. Guaranteed Maturity Benefit:
    • Guaranteed payment of 40% of Sum Assured.
    • Guaranteed addition of 10% of Sum Assured every year up to maturity.
  3. Guaranteed Death Benefit: Guaranteed payment of Sum Assured along with guaranteed additions (accrued till that time). This is paid over and above the survival benefit payments made already.

        *Tax Benefits as applicable under Section 80 C, 10(10D).

Product Benefits

Death Benefit

In the event of death of the Person Insured, the Sum Assured along with the Guaranteed Additions are payable.
The policyholder is entitled to Guaranteed Additions of Rs. 100/ per Rs. 1000/- Sum Assured for each completed year.
If death occurs before age 7, then the Death Benefit is equal to the return of premiums plus interest on premiums.

Survival Benefit

At the end of 5 years          20% of Sum Assured

At the end of 10 years        20% of Sum Assured

At the end of 15 years        20% of Sum Assured

Upon survival to maturity    40% of Sum Assured plus total Guaranteed Additions

Survival Benefit

At the end of 5 years          20% of Sum Assured

At the end of 10 years        20% of Sum Assured

At the end of 15 years        20% of Sum Assured

Upon survival to maturity    40% of Sum Assured plus total Guaranteed Additions

Particulars

Par

Non Par

Minimum Entry Age of the Child

0 years

0 years

Maximum Entry Age of the Child

14 years

14 years

Coverage Terms

20 years

20 years

Premium Payment Terms

20 years

20 years

Minimum Premium

Rs. 5,000

Rs. 5,000

Minimum Sum Assured

Rs 50,000

Rs 50,000

Maximum Sum Assured

No Limit

No Limit

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