PNB MetLife Smart Child Plan, Policy, Premium and Maturity Calculator

• 100% of the sum assured is paid on death.
• Instead of ending, the policy stays in force and future premiums are paid by PNB MetLife every month.

• 100% of the fund value can be withdrawn along with any loyalty additions as applicable.
• The fund value can also be withdrawn in instalments as chosen by the policyholder.
• They can also be withdrawn in a manner where a part of the maturity benefits are taken as a lump sum and the remainder in instalments.

• Minimum premium payable towards this policy is Rs. 18,000 per annum.
• The maximum premium payable in a year will depend on the age of the policyholder:

• Annual
• Semi-annual
• Quarterly
• Monthly
• PSP (Payroll Savings Program)

• 10 years
• 15 years
• 20 years

• 2% of the average fund value is added to the fund for policies with a 15 year term.
• 3% of the average fund value will be added to the policy in case of policies with a term of 20 years.

• Freelook period: The freelook period for this policy is 15 days.
• Grace period: The grace period is 30 days from the date on which the premium is due.
• Lock in period: This policy has a lock-in period of 5 years.
• If a policy is surrendered before the lock-in period is completed, the benefits will be paid only once the period is over.

PNB MetLife Child Life Insurance Plans and Policy