Loading...
Loading...
PNB MetLife Mera Wealth Plan is an individual, unit-linked, non-participating life insurance plan designed to combine market-linked investment opportunities with life cover. Policyholders can select a premium payment structure and choose between investment approaches based on their preferences and risk appetite. The plan is intended for long-term financial goals such as building a corpus for future expenses. Since it is a ULIP, the value of investments depends on the performance of the selected funds and applicable policy charges; returns are not guaranteed.
Choose investment options, receive eligible loyalty additions from the 6th policy year, and access fund value at maturity
Mera Wealth Plan may suit people who want life insurance protection alongside market-linked investing and who can remain invested over a long horizon. Its Self-Managed Option gives policyholders the ability to manage investments and switch among available funds, while the Systematic Transfer Option provides an alternative investment approach. Eligible in-force policies may receive loyalty additions from the end of the sixth policy year, subject to policy terms and premium-payment conditions. At maturity, the fund value is payable under an in-force policy, with a structured settlement option available subject to policy rules. Buyers should compare fund choices, charges, premium commitments, death-benefit terms and risk tolerance before choosing this plan. Linked policies do not permit complete or partial withdrawal during the first five years.
PNB MetLife
Key Insights
Founded
2001
PNB MetLife was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99% CSR, calculated as a 3-year average
PNB MetLife settles 99% of all claims it receives, demonstrating strong credibility.
Contact Details
1800-425-6969
Headquarters: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, India
Provides a death benefit to the nominee according to the policy terms and the applicable benefit calculation.
The amount payable depends on the policy provisions, fund value, sum assured and relevant adjustments.
For an in-force policy, the total fund value is payable if the life assured survives to the end of the policy term.
The amount is market-linked and is not a guaranteed maturity amount.
Allows the policyholder to manage investments and switch among available funds, subject to plan rules.
Investment decisions affect the fund value and involve market risk.
Offers an alternative investment approach for allocating money over time, subject to the applicable product rules.
Review the current brochure for the exact mechanics and conditions.
Eligible policies may receive loyalty additions from the end of the sixth policy year until maturity.
Policy must meet applicable in-force and premium-payment conditions; additions are subject to policy terms.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
PNB MetLife plans and claim process
It is an individual, unit-linked, non-participating life insurance plan. Its investment value is market-linked, so returns are not guaranteed.
The official product page lists a minimum annualized premium of ₹12,000 for eligible 5-pay, 10-pay and regular-pay options. Single Pay has a listed minimum of ₹1,00,000. Eligibility and conditions vary by option.
The listed options are Single Pay, 5 Pay, 10 Pay and Regular Pay, subject to the applicable policy terms.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official PNB MetLife website before purchasing.
Official Website
pnbmetlife.com
Visit the official PNB MetLife website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Loyalty additions may be allocated from the end of the sixth policy year until maturity when the policy is in force and the applicable premium-payment conditions have been met.
For an in-force policy, the total fund value is payable at the end of the policy term. The amount depends on investment performance and applicable charges.
No. It is a ULIP and the investment risk is borne by the policyholder. Fund values may rise or fall with market conditions.
No. The official product page states that linked policy monies cannot be completely or partially withdrawn until the end of the fifth policy year.
The official page describes the death benefit as the highest of the fund value, the applicable basic sum assured after specified partial-withdrawal adjustments, or 105% of total premiums paid after specified adjustments. Refer to the policy document for the full calculation and conditions.
The plan lists a Self-Managed Option and a Systematic Transfer Option. The available choices and conditions should be checked in the current product brochure.
Tax treatment depends on prevailing tax law and the policyholder’s circumstances. Consult a qualified tax adviser before relying on any tax benefit.