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PNB MetLife Smart Platinum Plus is an individual, unit-linked, non-participating life insurance plan designed to combine long-term life protection with market-linked investment. It offers two options: Wealth and Wealth + Care. The Wealth option provides life cover and investment benefits, while Wealth + Care includes an additional premium-waiver benefit following diagnosis of one of the listed critical illnesses, subject to policy conditions and its waiting period. Policyholders can select a maturity age option of 80 or 99 years and choose from available investment funds and portfolio strategies. The plan is a ULIP: fund value depends on market performance and applicable charges, so investment returns are not guaranteed.
Choose Wealth or Wealth + Care, select investment funds, and access eligible fund-charge returns and a 10th-year fund booster
Smart Platinum Plus is intended for customers seeking long-term life cover alongside market-linked investing. The plan offers a Self-Managed Strategy, a Systematic Transfer Strategy and a Life-stage Strategy. Its stated features include return of eligible fund management charges at the end of the sixth policy year and a fund booster at the end of the tenth policy year, subject to the policy being in force and applicable conditions. The Wealth + Care option adds a premium-waiver benefit linked to diagnosis of one of five listed critical illnesses, with a 90-day waiting period under the published terms. Before buying, compare the minimum premium for the chosen payment mode, policy term, sum-assured multiple, fund charges, critical-illness conditions and five-year withdrawal restriction. The fund value may fluctuate and should not be treated as a guaranteed return.
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 life insurance protection under the selected Wealth or Wealth + Care option, subject to the policy terms.
Maturity-age choices are 80 or 99 years, depending on the selected option.
Combines life cover with market-linked investment benefits.
The fund value is subject to investment performance and policy charges.
Includes a premium-waiver benefit after diagnosis of one of the five listed critical illnesses, subject to policy conditions.
A 90-day waiting period applies to the Care Benefit under the published terms.
Eligible fund management charges deducted through the first five policy years are added back to fund value at the end of the sixth policy year.
The policy must be in force and the applicable premiums paid; conditions differ by premium-payment term.
A fund booster is provided at the end of the tenth policy year under the plan conditions.
Refer to the current policy document for eligibility and calculation.
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, and returns are not guaranteed.
The current official product page lists UIN 117L125V06.
The official page lists minimums of ₹48,000 for single pay and annual mode, ₹60,000 for half-yearly mode, and ₹1,20,000 for monthly mode. Eligibility and policy conditions apply.
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)
The plan offers Wealth and Wealth + Care. Wealth + Care adds a premium-waiver benefit linked to diagnosis of one of five listed critical illnesses, subject to conditions.
The maturity benefit is the fund value payable at the selected maturity age, subject to the policy terms. The value depends on market performance and applicable charges.
No. It is a unit-linked plan. Fund values fluctuate with market conditions and the investment risk is borne by the policyholder.
The official page lists maturity-age options of 80 or 99 years, depending on the chosen plan option and applicable eligibility rules.
Eligible fund management charges deducted through the first five policy years are added back to fund value at the end of the sixth policy year, subject to the policy being in force, premiums paid and the applicable conditions.
The plan lists a fund booster at the end of the tenth policy year. Its applicability and calculation are governed by the policy terms.
No. Complete or partial withdrawals of linked policy monies are not permitted until the end of the fifth policy year.
The official page states a 90-day waiting period from commencement of risk or the latest revival date, whichever is later, for the Wealth + Care option.
For an in-force policy, the death benefit is the highest of fund value, the applicable sum assured after specified partial-withdrawal adjustments, or 105% of total premiums paid. Consult the current policy wording for the full calculation.
Tax benefits may be available under prevailing law, subject to the policyholder’s circumstances and applicable conditions. Consult a qualified tax adviser.