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    PNB MetLife Mera Wealth Plan

    An investment for a secured tomorrow

    Individual, Unit-Linked, Life Insurance Plan | UIN: 117L098V03

    Introducing PNB MetLife Mera Wealth Plan, a unit-linked wealth and savings plan that enables you to create a financial blueprint for your goals at every stage in life. PNB MetLife’s Unit Linked Insurance Plans or ULIP helps you achieve your financial goals along with a life insurance cover for the financial security of your loved ones.

    Premier Multicap Fund managed by PNB MetLife has been a consistent Top Quartile Performer as per #Morningstar in the Multicap Funds Category, regularly outperforming it’s benchmark & peers. This fund has generated 59.6%^ return as against 51.6%^ BSE500 return and 49.0%^ category average return.

    PNB MetLife
    Premier
    Multicap
    Fund
    As of July 31, 2021 Absolute Return CAGR Return

    Returns

    Last 1 Month

    Last 6 Months

    Last 1 Year

    Last 2 Years

    Last 3 Years

    Since Inception

    Portfolio Return 3.9% 27.5% 59.6% 28.8% 17.0% 18.6%
    BSE500 Return 1.4% 21.1% 51.6% 23.2% 12.4% 13.6%
    Morningstar Category Median 1.8% 20.6% 49.0% 22.7% 12.3% 13.5%

    ^ Source: Morningstar as of 31st July 2021

    PNB MetLife Mera Wealth Plan in a nutshell
    • Create your own wealth plan
    • Self-managed and systematic transfer options
    • Loyalty additions from 6th year
    • Life Cover for the entire policy term

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    What you get

    With PNB MetLife Mera Wealth Plan, you can:
    • Create an investment plan that covers your goals
    • Get good returns for your hard-earned savings
    • Choose your investment option: Self-managed option or Systematic transfer option
    • Get rewarded for staying invested, with loyalty additions
    • Protect your investment plan with a life cover

    Fund Performance

    Error

    What you don’t get

    Suicide Exclusions

    In case of death of the Life Assured, due to suicide within 12 months from the Date of Commencement of Risk, or from the date of Revival of the Policy, as applicable, Our liability to make payment under the Policy shall be limited to refunding the Fund Value as on date of intimation of Life Assured’s death. Any charges other than the Fund Management Charges (FMC) recovered subsequent to the date of death shall be added back to the Fund value as available on the date of intimation of death.

    New TAX provisions for ULIP plans

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    Frequently Asked Questions

    Expand All Collapse All

    What are the payment options that come with PNB MetLife Mera Wealth Plan?

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    Select the duration of premium payment

    • Single Pay, 5 Pay, 10 Pay or Regular Pay

    Choose between two plan options

    • Premier or Online

    What is the Death Benefit available with PNB MetLife Mera Wealth Plan?

    Collapsed Expanded

    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
    • The Basic Sum Assured less all Partial Withdrawals, made during two-year period immediately preceding the date of death of the Insured or
    • 105% of total premiums paid excluding partial withdrawals made during two-year period immediately preceding the date of death of the Insured

    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

    What loyalty additions are available with PNB MetLife Mera Wealth Plan?

    Collapsed Expanded

    You can 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.

    How can I create my own wealth plan with PNB MetLife Mera Wealth Plan?

    Collapsed Expanded

    With this plan, you can select an investment option of your choice from:

    • Self-Managed Option 
    • Manage your investments directly.
    • Switch among ten funds, including four new funds; Mid Cap Fund, Premier Multi-Cap Fund, Virtue II, CREST (Thematic 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.

    What is the Maturity Benefit available with PNB MetLife Mera Wealth Plan?

    Collapsed Expanded

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

    What are the eligibility criteria for PNB MetLife Mera Wealth Plan?

    Collapsed Expanded

    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

    Web Aggregator : 30,000
    Other than Web aggregator: 100,000

    24,000

    24,000

    Minimum Annualized
    Premium (Rs) (ONLINE)

    100,000

    30,000

    24,000

    24,000

     

    *Age last birthday

     

    How can I purchase PNB MetLife Mera Wealth Plan?

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    You can purchase this plan offline in any of the following three ways:

    Disclaimer:

    The linked insurance products do not offer any liquidity during first five years of the contract. The policyholder will not be able to surrender/ withdraw the monies invested in linked insurance products completely or partially till the end of fifth Year.


    Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Insurance  policies  are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. PNB MetLife India Insurance Company Limited is only the name of the  Life Insurance  Company and PNB MetLife Mera Wealth Plan is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The policyholder can know the value of policy wise units as per the FORM D02 through a secured login on the PNB MetLife website (www.pnbmetlife.com)


    For return comparison of Premier Multicap Fund wih Morningstar Insurance Multicap Category Median Returns (Source: Morningstar India website), period is from 31st July, 2020 to 31st July, 2021.


    #Morningstar is a US based investment research firm that compiles and analyzes funds, stocks and general market data. Its research is widely used across most of the world, including North America, Europe, Australia and Asia. Morningstar is considered a respected and reliable source of independent investment analysis for all levels of fund and stock investors.

    Morningstar, Inc. is a leading provider of independent research in North America, Europe, Australia and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, Asset managers, Insurers, retirement plan providers and sponsors and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. The Company has operations in 27 countries. For more information, visit: www.morningstar.com/company

    ©2020 Morningstar. All rights reserved. The Morningstar name is registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar”); (2) many not be copies, redistributed or used, by any mean s, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from data published on various dates and procured from various sources and (5) shall not be construed as an offer to buy or sell any security or other investment vehicles. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any trading decisions, damage or other losses resulting directly or indirectly from the information.

    The linked insurance product do not offer any liquidity during first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of fifth year. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Tax laws are subject to change from time to time and advised to consult your tax consultants for more details.

    SFIN No: ULIF02301/01/18BALANCEOPP117

    AD-F/2021-22/377

     

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    Disclaimer

    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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