PNB MetLife Smart Goal Ensuring Multiplier

Name: PNB MetLife Goal Ensuring Multiplier
Brand: PNB MetLife
Rating: 4.1 (2342 reviews)

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Presenting PNB MetLife Smart Goal Ensuring Multiplier (Smart GEM), a unique plan that combines life insurance with a smart investment approach, allowing you to build wealth while pursuing your goals. You can boost your investment through our well-performing funds, and the plan includes life insurance protection and premium waiver benefits in case of an untimely death.

With PNB MetLife Smart Goal Ensuring Multiplier you get:

Wealth Creation - Opportunity to build a lumpsum for your future with “Wealth” option
Family Security - Choose "Income Assured" to ensure that your loved ones are protected with waiver of premium^* benefit.
Flexibility – Choose the premium payments that suit you—be it a one-time payment, limited periods of 5, 7, or 10 years, or regular payments throughout the policy term.
Coverage option - Select a policy duration that fits you—whether short-term or whole life.
Choice among 18 funds that suit your risk profile that includes the newly launched “Value Fund”
This fund aims to generate long-term capital appreciation by actively investing in companies which are attractively valued. The companies that the fund seeks to invest in would typically have lower earnings or book value multiple relative to either broader markets, their comparable peers, or their own history.
Added assurance - Enhance your coverage with PNB MetLife Linked Accidental Death Benefit Rider

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What you don’t get

Suicide Exclusion

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, the Nominee or beneficiary of the Policyholder shall be entitled to the Fund Value as on date of intimation of 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.

Fund Performance

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Frequently Asked Questions

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What are the product benefits in this plan?

Choice from below 2 plan options:
- Wealth – this option provides you with life insurance and helps you build a corpus to fund your dream
- Income Assured – this option provides immediate death benefit and ensures your family receives a monthly income equal to one-twelfth of the annualized premium for the remaining policy term, plus also provides a maturity benefit at the end of the policy term
Return of Charges
- Return of Policy Administration Charge¹
- Return of Mortality Charge²
Choice among 3 portfolio strategies to build your wealth:
- Self- managed strategy: Choose from 18 diverse funds.
- Systematic transfer strategy: Transfer your premium to equities in regular monthly instalments.
- Life-stage strategy: Personalize your portfolio based on your age to create an ideal balance between equity and debt

What are the eligibility criteria for this plan?

Parameters	Wealth	Income Assured
Minimum Entry Age^* (Yrs)	0 (30 Days)	18
Maximum Entry Age^*(Yrs)	60	45
Minimum Policy Term (Yrs)	Other than Whole Life: 10 Whole Life: 39	10
Maximum Policy Term (Yrs)	Other than Whole Life: 30 Whole Life: 99	20
Minimum Maturity Age^* (Yrs)	18	28
Maximum Maturity Age^* (Yrs)	Other than Whole Life: 90 Whole Life: 99	65
Premium Paying Term	Other than Whole Life: Single Pay, Regular Pay, 5 Pay, 7 Pay, 10 Pay Whole Life: Regular Pay, 7 Pay, 10 Pay	Regular Pay, 5 Pay, 7 Pay, 10 Pay
Minimum Premium^{^}	Single Premium: Rs 20,000 Minimum Premium^{^}: Rs 12,000
Maximum Annualized Premium^{^}	No Limit (subject to Board Approved Underwriting Policy)
Rider	PNB MetLife Linked Accidental Death Benefit Rider

^Annualized premium means the premium amount payable in a year excluding taxes, rider premiums and underwriting extra premium on riders, if any.

What is the Maturity Benefit payable under this plan?

The Maturity Benefit is the amount payable to the Policyholder or the Nominee(s) on maturity of the policy at expiry of the Policy Term. The Maturity Benefit is equal to the Total Fund Value (including top-up fund value) in the Unit Account determined using the Net Asset Value on the Maturity Date.

What is the Death Benefit payable under this plan?

On a valid death claim for an in-force policy where all due premiums have been paid, the benefit payable on the death of the Life Assured shall be:

Highest of the following amounts:

The Fund Value as on the date of intimation of death
The Sum Assured after deducting any Partial Withdrawals and/or payouts under Smart Withdrawal Facility (SWF) made during the two-year period immediately preceding the date of death
105% of the total Premiums received up to the date of death

In the Income Assured option, the fund value shall not be considered for death benefit

Plus, the highest of the following amounts

Top Up Fund Value as on the date of intimation of death
Top Up Sum Assured
105% of the total Top up premiums paid up to the date of death

Where, Sum Assured is defined as Single Pay/Annualized Premium * Sum Assured Multiple chosen at inception and Top Up Sum Assured is Top Up Premium * 1.25

Are there any additional features under this plan?

Smart Withdrawal Facility (SWF) – If you have opted “Wealth” option with premium payment term of 10 years or more, you can avail the SWF to set up automatic withdrawals of 1% to 12% of your fund value at a desired frequency, subject to each instalment being more than Rs. 1,000
Top-Up Premium – You have the flexibility to pay additional premium as “Top-Up Premium” during the policy term provided the policy is in in-force status. Minimum Top-Up Premium is Rs. 10,000
Rider – You can enhance your coverage by adding PNB MetLife Linked Accidental Death Benefit Rider. This Rider provides additional protection over and above the death benefit under this Policy in the event of the death of the Life Assured in an Accident

Disclaimer:

^*Waiver of Premium on Death is available only for Income Assured option. In case of death within the Premium Paying Term for an In Force Policy, any future Installment Premiums that would otherwise have been payable under the Policy shall be waived.
¹Return of Policy Administration Charge is only applicable in the first policy year provided the policy is in in-force status and due instalment premiums have been received in full. Refer terms and conditions of the policy for further details.
²Return of Mortality Charge is only applicable under Income Assured option and a percentage of the total mortality charges deducted (excluding any applicable Goods and Service Tax and Mortality Charges deducted with respect to Top-Up Sum Assured ) during the policy term will be added back to the fund value at maturity provided the policy is in in-force status and all due instalment premiums have been received in full. Refer terms and conditions of the policy for further details.
The unit linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in unit linked insurance products completely or partially till the end of the fifth year.
The past performance of the funds is not indicative of the future performance.
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 Smart Goal Ensuring Multiplier 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.

For More details on risk factors, terms and condition please read the sales brochure before concluding the sale. For Further details on all the conditions exclusions related to product, please contact our insurance advisors.