PNB MetLife Smart Platinum Pro

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Presenting PNB MetLife Smart Platinum Pro, a smart plan to protect your family’s future while building wealth to achieve your long-term goals. With this plan, your fund grows with regular boosters till the end of the term and at the same time you have the flexibility to plan for your future needs through systematic withdrawals.

PNB MetLife Smart Platinum Pro in a nutshell

Whole life Cover upto Age 99 years
Multiple Options to cater to different needs
High Sum Assured Multiple upto 40 times of Annualized Premium
Decreasing Cover option with Sum Assured multiple reducing after every 5 years
Return of Premium Allocation Charge and Mortality Charge
Fund Boosters as percentage of Fund Value starting from 15th policy year
3 Investment Strategies – Self-Managed, Systematic Transfer and Life-Stage Strategies
Choice of 7 funds including the recently launched Dividend Leaders Index Fund1
Enhance your coverage through PNB MetLife Linked Accidental Death Benefit Rider (UIN: 117A024V01)

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What you get

Choose from 4 Plan Options
Wealth Option
Wealth Plus Option
Goal Assured
Income Assured Option
Option to choose high Sum Assured multiple upto 40 times of the Annualized Premium, that reduces gradually over Policy Term to match your protection needs
Fund Boosters starting from end of 15^th policy year till end of policy term
Return of Premium Allocation Charges and Maturity Charges
Premium Flexibility – you may choose to pay premiums based on your

Fund Performance

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What you don’t get

Suicide Exclusion

In case of death due to suicide within 12 months from the date of commencement of the policy 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 available on the date of intimation of death.
Further any charges other than Fund Management Charge (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.

Frequently Asked Questions

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What are the benefits of PNB MetLife Smart Platinum Pro?

Choice from below Plan Options:

Option 1: Wealth: This Option offers accumulated fund value to the policyholder at maturity. If the Life Assured dies during the policy term, lumpsum benefit will be paid to the nominee.

Option 2: Wealth Plus: This Option offers accumulated fund value to the policyholder at maturity. If the Life Assured dies during the policy term, lumpsum benefit will be paid to the nominee. With this option, you can opt for a higher Sum Assured multiple upto 40 times, additionally your sum assured multiple reduces by 5 after every 5 years to align your cover with age.

Option 3: Goal Assured: This option helps secure your goals in times of unforeseen events. In case of death of the Life Assured, lumpsum benefit will be paid to the nominee along with waiver of any remaining premiums. Additionally, the nominee will receive the accumulated fund value as maturity benefit.

Option 4: Income Assured: This option provides additional income to the nominee after death of the policyholder along with lumpsum death benefit on death. Any remaining premiums will be waived off and the nominee shall receive the accumulated fund value at maturity.

Please refer to sales brochure for detailed benefit structure.

Return of Charges

Return of Premium Allocation Charges (ROPAC)
Return of Mortality Charges (ROMC)

Create your own wealth plan through a choice of portfolio strategies:

Self-Managed Strategy: Choose amongst 7 diverse funds.
Systematic Transfer Strategy: Transfer your premium to equities in regular monthly instalments.
Life-stage strategy: Personalize your portfolio to create an ideal balance between equity and debt, based on your age.

Fund Boosters:

Get fund boosters starting from the end of 15th Policy year.

Who is eligible to buy the policy?

Parameters\ Plan Options		Wealth Option	Wealth Plus Option	Goal Assured Option	Income Assured Option
Age at Entry (years)	Minimum	0 (30 days)^*	0 (30 days)^*	18	18
Age at Entry (years)	Maximum	70	60^#	45 (if PPT below 10 Pay) 50 (if PPT is 10 Pay and above)	45 (if PPT below 10 Pay) 50 (if PPT is 10 Pay and above)
Policy Term	Minimum	99 minus Age at Entry \| 80 minus Age at Entry	99 minus Age at Entry \| 80 minus Age at Entry	10 years	10 years
Policy Term	Maximum	99 minus Age at Entry \| 80 minus Age at Entry	99 minus Age at Entry \| 80 minus Age at Entry	25 years	20 years
Maturity Age^{^} (years)	Minimum	99 (To Age 99 yrs option) 80 (To Age 80 yrs option)	99 (To Age 99 yrs option) 80 (To Age 80 yrs option)	28 years	28 years
Maturity Age^{^} (years)	Maximum	99 (To Age 99 yrs option) 80 (To Age 80 yrs option)	99 (To Age 99 yrs option) 80 (To Age 80 yrs option)	75 years	70 years
Premium Payment Term		To Age 99 yrs option: Single Premium \| Limited Premium: 5 to (80 minus Age at Entry) years To Age 80 yrs option: Single Premium \| Limited Premium: 5 to 79 years \| Regular Premium	To Age 99 yrs option: Limited Premium: 5 to (80 minus Age at Entry) years To Age 80 yrs option: Limited Premium: 5 to 79 years \| Regular Premium	Limited Pay: 5 to 24 years \| Regular Pay	Limited Pay: 5 to 19 years \| Regular Pay
Minimum Premium		Single Premium: Rs. 8,000 Limited Pay/ Regular Pay: Rs. 18,000 p.a.
Maximum Premium		As per BAUG
Sum Assured		Sum Assured Multiple X Annualized/ Single Premium
Premium Payment Frequency		Single, Yearly, Half–Yearly, Quarterly, Monthly^{^}
Rider Options		PNB MetLife Linked Accidental Death Benefit Rider (UIN: 117A024V01)

^{^}All references to age are as on age last birthday
^*For policies issued to minor lives the risk cover starts immediately at inception. In case the life assured is a minor, the policy will vest with the life assured when the life assured attains an age of 18 years.

What is the Death Benefit under this Policy?

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 (including Withdrawals under Smart Withdrawal Facility) made during the two-year period immediately preceding the date of death
105% of the total Instalment Premiums received up to the date of death less all Partial Withdrawals (including Withdrawals under Smart Withdrawal Facility) made during the two-year period immediately preceding the date of death

In the Goal Assured & Income Assured options, the fund value shall not be considered for death benefit².

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 Partial withdrawals from the Top-up fund shall not be deducted for the purpose of determining the death benefit

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

What is the Maturity Benefit under this Policy?

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.

How does the Return of Premium Allocation Charge (ROPAC) benefit work?

At the end of 15th and 20th policy year, units equivalent to 50% of the Total Premium Allocation Charge (net of taxes and excluding any premium allocation charge for Top-Up Premiums) deducted in the Policy will be added, provided the policy is in-force and all due installment premiums have been paid.

How does the Return of Mortality Charge (ROMC) benefit work?

At maturity of the policy, a percentage of the total Mortality Charge (excluding extra mortality charges collected, if any) deducted with respect to the Life Assured (excluding applicable Goods and Services Tax and Mortality Charges deducted with respect to Top-up Sum Assured) during the Policy Term will be added back to the Fund Value, subject to survival of the Life Assured till the end of the Policy Term and provided all due installment premiums have been paid.

The benefit is available only for Goal Assured and Income Assured plan Options.

When will I receive a Fund Booster?

Fund Boosters will be allocated to your policy starting from the end of the 15^th policy year provided the policy is in force and all due instalment premiums till date have been received in full.

Fund Boosters are defined as a percentage (0.25%) of the average daily Fund Value for each Fund during that same Policy Year.

If the policyholder has chosen multiple funds, a Fund Booster will be allocated to each fund based on the fund value of that particular fund and Fund Booster percentage. Fund Booster will be made by allocation of extra units based on the NAV as on the due date of the credit of fund booster.

What is the Death Benefit Payable when opted for PNB MetLife Linked Accidental Death Benefit?

In the event of the death of the Life Assured due to an accident occurring within the policy term, Rider Sum Assured shall be payable. The policyholder can opt for this rider either at inception along with the base policy or at any policy anniversary during its tenure.

How can I purchase PNB MetLife Smart Platinum Pro?

You can purchase this plan offline through any of the below methods:

Send me an Advisor
Visit the nearest branch
Contact us

Disclaimer:

¹At PNB MetLife we are delighted to offer the “Dividend Leaders Index Fund” (ULIF03916/01/26DIVIDENDFN117). The fund aims to generate long-term capital appreciation by replicating the BSE 500 Dividend Leaders 50 Index (Customised), subject to tracking error. The index selects top 50 companies in BSE 500 based on their dividend history.
²Under Goal Assured & Income Assured plan options, the policy will continue with the fund value (excluding top-up fund value) and without any risk cover which will be paid on maturity. All future due premiums shall be waived and an amount equal to prevailing instalment premium will be paid into the fund at each future premium due date as agreed by the policyholder, following the death of the life assured.

AD-F/2025-26/