PNB MetLife Smart Platinum Plan

PNB MetLife Smart Platinum

In this policy, the investment risk in investment portfolio is borne by the policyholder.

PNB MetLife Smart Platinum is a unit-linked insurance plan that gives you the flexibility to build your investment portfolio through 6 different funds. Our ULIP plan covers you till 99 years of age with an option to choose a premium term of 5 years, 10 years or whole life.



PNB MetLife Smart Platinum in a nutshell

1. Flexible premium payment options
2. Auto rebalance investment portfolio
3. Partial withdrawal of policy after 5th year
4. Option to change Sum Assured

What you get

Flexibility of premium payment

Pay premiums for 5 or 10 years or the entire policy term and enjoy the benefits of coverage till the age of 99.

Option to Change Sum Assured

Get the flexibility to increase or decrease your Sum Assured basis your changing life stage needs.

Opportunity for growth

Get an Auto Rebalancing option that triggers at chosen Fund Value movements to capitalize on opportunities arising out of market movements.

Life Cover

In case of unfortunate event of death, your nominees can avail Death Benefit

Partial withdrawal option

With this investment, you can get liquidity with partial withdrawal to help you in with any financial needs during the term.

6 different investment opportunities

You can choose from 6 different Unit Linked funds based on your risk appetite and investment preference.

Tax Benefit

Avail Tax Benefits under Section 80C and 10(10D) as per Income Tax Act 1961 on paying premiums for this plan

Product benefits of PNB MetLife Smart Platinum

Life Cover
Protect your loved ones in your absence

In the event of death, the beneficiary will receive the following benefits, whichever is higher:

1. The Fund Value; or
2. The Basic Sum Assured less all Partial Withdrawals made during 2-year period immediately preceding the date of death of the Insured or
3. 105% of the total Regular or Limited Premiums paid excluding partial withdrawals made during two-year period immediately preceding the date of death of the Insured.

Maturity Benefit
Get your fund value on maturity

In the event of the insured person surviving the policy term, the following benefits can be availed:

1. The maturity benefit is paid out when the insured reaches 99 years old.
2. Amount paid is equals to the Total Fund Value in the account on maturity of the policy.

PNB MetLife Smart Platinum ensures:

1. Choice of 6 unit-link funds for investment
2. Plan your goals with a lump sum at maturity
3. Provide insurance coverage up to 99 years old with a 5-year premium.
4. Help manage investment risk with auto rebalancing option
5. Provide liquidity with partial withdrawal of policy after 5th year

What you don't get

Suicide Exclusions

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, Our liability to make payment under the Policy shall be limited to refunding the Fund Value as on date of intimation of Life Assured's 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.