PNB MetLife Life Insurance Hybrid Plan

Eligibility Criteria for the PNB MetLife Life Insurance Hybrid Plan

Features of the PNB MetLife Life Insurance Hybrid Plan

Some of the key features of the PNB MetLife Life Insurance Hybrid Plan include:

• The PNB MetLife Life Insurance Hybrid plan enables you to select premium payment amounts, whether single pay, regular pay, or limited pay, based on your financial priorities.
• The plan offers choices on the policy term with coverage extendable to age 80 and even 99 years.
• It provides the refund of fund management fee upon the policy expiration, which is at the end of the 6th policy year at the time the policy is in force, and it also includes the payment of all the due premiums.
• Fund boosters are given to policyholders once they meet certain milestones of the policy, which would contribute to the overall value of the investment.
• The plan also gives the policyholders the option of various strategies and funds in the portfolio to enable them to match their investments with their risk profile.

If you are exploring different options offered by the insurer, you can review various savings and protection options under the PNB MetLife Investment Plans to understand how they support long-term financial goals.

Benefits of the PNB MetLife Life Insurance Hybrid Plan

The following are the PNB MetLife Life Insurance Hybrid Plan benefits:

• Maturity Benefit: In case the life assured continues till the policy maturity and the policy is open, the maturity benefit that is being paid will be the amount value of the fund that will be available at the maturity date.
• Death Benefit: When there is the death of the life assured within the term of the policy, the nominee will receive the best of the following benefits:
  • The fund value on the date of death
  • The sum assured after adjusting for any partial withdrawals
  • 105% of the total premiums paid
• Fund Value Growth: The plan will provide options like fund boosters and some charges returned, which can contribute to the fund value increase in the long run.
• Investment Flexibility: The policyholders have a wide range of investment options and strategies to select, and therefore, they are able to design their portfolio depending on their financial targets.
• Tax Benefits: The benefits, as well as premiums paid with respect to the plan, may be subject to tax benefits according to the tax laws in existence.

Latest ULIP NAVs

• Bandhan Life ULIP Funds
• Aviva Life ULIP Funds
• Bajaj Life ULIP Funds
• Bharti AXA Life ULIP Funds
• Aditya Birla Sun Life ULIP Funds
• Canara HSBC Life ULIP Funds
• Edelweiss Tokio Life ULIP Funds
• Future Generali India Life ULIP Funds
• HDFC Life ULIP Funds
• ICICI Prudential Life ULIP Funds
• Exide Life ULIP Funds
• Kotak Life ULIP Funds
• Axis Max Life ULIP Funds
• PNB MetLife ULIP Funds
• Reliance Nippon Life ULIP Funds
• SBI Life ULIP Funds
• Pramerica Life ULIP Funds
• IndiaFirst Life ULIP Funds
• Ageas Federal Life ULIP Funds
• Star Union Dai-ichi Life ULIP Funds
• Tata AIA Life ULIP Funds

Fund Name	NAV	AUM	5 Yr Returns	10 Yr Returns
Bandhan Life Debt Fund	₹39.49	₹93 Cr	5.2%	6.58%	View More
Bandhan Life Secure Fund	₹28.53	₹46 Cr	5.09%	4.57%	View More
Bandhan Life Blue Chip Equity Fund	₹30.04	₹206 Cr	10.6%	11.33%	View More
Bandhan Life Stable Fund	₹32.17	₹17 Cr	6.94%	8.72%	View More
Bandhan Life Accelerator Fund	₹46.56	₹219 Cr	12.47%	12.94%	View More
Bandhan Life Opportunity Fund	₹39.15	₹234 Cr	16.55%	-	View More
Bandhan Life Pension Debt Fund	₹31.42	₹4 Cr	5.06%	6.39%	View More
Bandhan Life Pension Enhanced Equity	₹109.65	₹18 Cr	12.76%	12.8%	View More
Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund	₹9.67	₹2 Cr	-	-	View More
Aegon Enhanced Equity	₹67.9	₹125 Cr	12.55%	12.61%	View More
Aegon Pension Balanced	₹50.29	₹2 Cr	8.16%	9.44%	View More
Aegon Pension Index	₹83.52	₹7 Cr	8.07%	10.73%	View More
Aegon Pension Secure	₹28.38	₹1 Cr	4.47%	4.97%	View More
Aegon Balanced	₹44.01	₹12 Cr	7.3%	8.94%	View More
Aegon Life Group Equity Fund	₹58.36	₹11 Cr	13.48%	-	View More

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Riders Under the PNB MetLife Life Insurance Hybrid Plan

By choosing extra riders that come with the PNB MetLife Life Insurance Hybrid plan, policyholders are able to increase their coverage.

The PNB MetLife Linked Accidental Death Benefit Rider, which offers extra financial support to the nominee in the event of accidental death of the life assured. This rider adds more security to the underlying policy.

Policy Details of the PNB MetLife Life Insurance Hybrid Plan

The following are the policy details of the PNB MetLife Life Insurance Hybrid Plan:

1. Grace Period:

   A grace period is provided if the policyholder misses the premium payment on the due date. During this period, the policyholder can pay the outstanding premium and continue the policy benefits.

2. Revival:

   If the policy lapses because of unpaid premiums, it may be revived within the revival period by paying all pending premiums along with applicable charges.

3. Free Look Period:

   After receiving the policy document, policyholders are given a free look period during which they can review the terms and conditions. If they are not satisfied, they may cancel the policy within the allowed period.

4. Surrender:

   The policy may be surrendered after the lock-in period according to policy conditions. The surrender value will depend on the fund value at the time of surrender.

5. Fund Switching:

   Policyholders may switch between the available funds during the policy term in order to adjust their investment strategy based on changing financial goals or market conditions.

6. Loan:

   Once the policy is valuable enough, loans against the policy can be provided, on the conditions laid down by the insurer.

   You can also compare multiple best investment plans available in the market to choose a policy that aligns with your savings horizon and financial objectives.

Exclusions Under the PNB MetLife Life Insurance Hybrid Plan

Suicidal Cover

In any case where the life assured commits suicide within a period of 12 months of the beginning or revival date of the policy, then the amount to be paid will be as per the policy terms.