PNB MetLife Endowment Savings Plus Plan, Policy, Premium and Maturity Calculator
PNB MetLife Endowment Savings Plus Plan, Policy, Premium and Maturity Calculator - MetLife Endowment Savings plan is a savings cum insurance plan that offers you systematic savings for all the important milestones of your life as well as life protection. The PNB MetLife plan helps you accumulate a corpus as well as ensure financial protection for your family in the unfortunate event of sudden death. The policy is great for people who are looking to conservatively grow their money as well as avail protection for their family.
Eligibility - PNB MetLife Endowment Savings Plan Plus and Policy
| Maximum Age at maturity | Minimum Entry Age | Maximum Entry Age |
| 75 years | 20 years | 60 years |
Key features - PNB MetLife Endowment Savings Plan Plus and Policy
| Plan type | Participating non-linked endowment plan. | ||||||||||||||||||||
| Plan basis | Individual | ||||||||||||||||||||
| Premium paying terms | Regular, Limited Pay 5 years, Limited Pay 10 years | ||||||||||||||||||||
| Premium Payment Frequency | Yearly, half-yearly, quarterly, monthly | ||||||||||||||||||||
| Policy term |
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| Min. Premium Amount |
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| Grace period | 30 days from the expected date of payment of premium (for yearly, half-yearly and quarterly modes)
15 days from the expected date of premium payment for monthly mode |
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| Free Look Period | 15 days from the date of signing the policy |
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| Nomination | Nomination facility is available under section 39 of the Insurance Act, 1938 |
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| Sum Assured |
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| Policy coverage | Death benefits and maturity benefits.
Death Benefits: In case of death of the policyholder, the following two listed below are paid to the beneficiary: Sum assured plus all reversionary bonuses accrued plus terminal bonus if any is paid out or 105% of all premiums paid till date Maturity Benefits: Sum assured plus all reversionary bonuses accrued plus terminal bonus if any is paid to the policyholder on maturity of policy |
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| Discontinuation of premium | Any discontinuation needs to be intimated to MetLife and whether the policy will be surrendered is to be made known. |
Benefits/Advantages - PNB MetLife Endowment Savings Plan Plus and Policy
Listed below are some of the most prominent benefits and advantages offered by MetLife Endowment Savings Plan .
- Tax benefits: MetLife Endowment Savings plan offers tax benefits on premiums paid by the policyholder. This tax exemption is under section 80C, and D of the Income Tax Act, 1961.
- Simple Reversionary Bonus: The policy offers simple reversionary bonus after three policy years. This bonus is credited at the end of each policy year.
- Terminal Bonus pay-out: Policyholders get to avail certain terminal bonus also at the maturity of the insurance scheme. Terminal bonus depends upon MetLife and is a percentage of the reversionary bonus.
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| PNB MetLife Smart One |
| PNB MetLife Easy Super |
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| PNB MetLife Bachat Yojana |
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