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PNB MetLife Mera Wealth Plan

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PNB MetLife Mera Wealth Plan

PNB MetLife Mera Wealth Plan is an investment-cum-protection plan which you can personalize according to your needs and financial goals.

  • Saving Plan

    Maturity Benefit after policy term of 10 years @ 8% : Rs 16,06,277
    @ 4% : Rs 8,89,004


    Know more
  • Investment Plan

    Maturity Benefit after policy term of 30 years @ 8% : Rs 56,88,974
    @ 4% : Rs 28,14,809


    Know more
  • Child Plan

    Maturity Benefit after policy term of 15 years @ 8% : Rs 14,78,518
    @ 4% : Rs 10,75,078


    Know more
  • Retirement Plan

    Maturity Benefit after policy term of 30 years @ 8% : Rs 58,85,807
    @ 4% : Rs 29,00,033


    Know more




Get to know more about why financial planning is important and why today is the best day to start investing.

  • Start now, to financially secure your child’s future

    As a parent, you worry endlessly about your child’s safety and wellbeing...  Read More




  • Your First Child and 5 Ways of Financial Planning 

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  • Dreaming of your new daily life - retirement planning

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  • Building Financial Freedom - One Step at a Time 

    Financial planning for a secured tomorrow seems like a dreadful task to most of us... Read More




  • How You Can Start Saving for Your Child’s Ivy-League Education

    As a parent, you want the best for your child. You want to see them grow up happy and achieve success... Read More




  • 6 Amazing High Paying Jobs for Your Kid’s Future 

    Find out which jobs will rake in the big bucks 20 years from now! Read More




  • What to Do With Your First Paycheck 

    Your first paycheck is surely a big stepping-stone, but also gives you the opportunity to start your personal fi...  Read More




How much should you save for your children’s education and marriage? How much should you save for your financial independence after retirement? Calculate how much you need to set aside NOW!

  • Wealth Creation

    BSE Sensex has seen multi-fold returns over the past 20 years, as the 30-stock index managed to rally from 3,000 level back in 1995 to 27,000 in 2015.
    Make sure your investment grows in the same way to help realize your & your family’s dreams. Calculate Now!!




  • Child Education

    As per National Sample Survey Office (NSSO) report 2015; between 2008 and 2014, the average annual private expenditure for general education (primary level to post graduation and above) has shot up by a staggering 175%.
    Your child’s dreams can become a reality if you start saving for their future today. Calculate Now!!




  • Retirement Planning

    Consumer Price Index (CPI) measure changes over time in general level of prices of goods and services that households acquire for the purpose of consumption. CPI in India averaged 109.76 Index Points from 2011 until 2016, reaching an all-time high of 130.10 Index Points in June’2016, minimum being 86.81 Index Points in Feb’11. Rising costs will eat away your savings very quickly. Know your ideal retirement corpus now.Calculate Now!!




  • Child Marriage

    Marriage is one of the major milestones in your child’s life. Average wedding costs ranges anywhere between 6 lakhs to 20 lakhs.
    Wedding costs are rising every year; plan ahead for their special day. Calculate how much you need to invest to make your child’s marriage memorable . Calculate Now!!




Why PNB MetLife?

PNB MetLife brings together the expertise of MetLife Inc., a leading global life insurance provider, and the credibility and reliability of Punjab National Bank, one of India's oldest and leading nationalized banks. Our vast distribution reach combined with global insurance expertise and product range makes us a strong and trusted name in the insurance market of India.

    •   Serving more than
       100+ million
      people for 147 years 

      Founded in 1868, MetLife has served approximately 100 million customers globally. PNB, founded in 1895, is a banking giant and has always been a people's bank

    • Over 354,693 Crores worth of lives Covered* 

      We have given protection and assured coverage for lives amounting to more than 354,693 crores in India.
      * - Total Base Sum Assured for Group & Individual policies as on 31st Mar'16

    •  strong Branch Network
      7000+

      PNB MetLife is present in over 127 locations across the country and serves customers in more than 7,000 locations through its bank partnerships.

    • Consistent and Profitable 
      Company

      Among the few profitable life insurance companies operating in India, consistently profitable for the last 5 Financial Years**
      **Public disclosures on company website

Your Questions, Answered

    • What are ULIPs (Unit Linked Insurance Policies)?

      What are ULIPs (Unit Linked Insurance Policies)?

      ULIP is a life insurance policy which provides a combination of risk cover and investment. The dynamics of the capital market have a direct bearing on the performance of the ULIPs. (Remember that in a Unit Policy, the investment risk is borne by the investor.) In other words we can say that it is a goal-based financial solution that combines the safety of insurance protection with wealth creation opportunities.
      FAQ Snoopy

      How the ULIP works?

      How the ULIP works?

      In ULIPs, a part of the investment goes towards providing your life cover. The residual portion of the ULIP is invested in a Unit fund which in turn invests in stocks or bonds; the value of investments alters with the performance of the underlying fund opted by you.
      FAQ Snoopy

      What are the main benefits of investing in ULIPs?

      What are the main benefits of investing in ULIPs?

      • Regular Savings: With regular premium payments, you can enjoy the uninterrupted benefits of wealth creation for your loved ones. • Tax Benefits: You can get tax benefits up to Rs 1.5 lakh on your insurance premiums, under Section 80C. What’s more, even the money you receive at the end of the policy is tax-free as per Section 10(10D). The benefits may change from time to time, hence kindly consult your Tax Advisor for updated benefits. • Potential for Growth: There is a potential of earning higher returns from the power of equity and debt funds. • Greater Rewards for Staying Invested: Your money grows further as the insurance company adds to your savings without the need for you to invest more. Such benefits are called Loyalty Additions • Flexibility of Investment: You will have flexibility and control of your money through Fund Switch, Premium Redirection and Partial Withdrawal • Protection: ULIPs provide the protective benefit of a Life Cover, which keeps your family secure in your absence.
      FAQ Snoopy
    • What is Mera Wealth plan?

      What is Mera Wealth plan?

      Controlling the future requires planning, and the right financial plan can help to shape your future the way you want to. PNB MetLife understands this, and made PNB MetLife Mera Wealth Plan– enabling you to create a financial blueprint for your goals at every stage in life with tailor-made approaches.
      FAQ Snoopy

      What kind of customisation is available in this plan?

      What kind of customisation is available in this plan?

      This plan offers
      • Flexibility in choosing Policy Term and premium paying term upto 30 years unlike fixed tenures of 10/15/20 years.
      • Multiple payment modes depending on your investment capacity - Single pay/Limited pay/Regular pay
      • Multiple payment frequency as per your affordability – monthly/half yearly/annual
      • Multiple fund selection options as per your risk preference –Choice of 6 fund options
      • Choice of investment options: Self-Managed Option & Systematic Transfer Option
      FAQ Snoopy

      How can I customize my plan?

      How can I customize my plan?

      • Basis your investment goal, you can choose investment period, premium payment period.
      • Basis your affordability, you can choose premium payment frequency.
      • Basis your risk appetite, your can select your fund options.
      FAQ Snoopy
    • How is it different from the other plans?

      How is it different from the other plans?

      In this plan, Loyalty Additions start from end of 6th policy year till maturity
      FAQ Snoopy

      How can one plan for different purposes of life with ULIP?

      How can one plan for different purposes of life with ULIP?

      Depending on the purpose of investment, ULIPS can be divided into ULIPs for Retirement Planning, ULIPs for Child Education, ULIPs for Wealth Creation and ULIPs for Saving Solutions.
      FAQ Snoopy

      What is the difference between buying a ULIP Online vs. Offline?

      What is the difference between buying a ULIP Online vs. Offline?

      Online ULIP solutionsare designed to maximize the customer benefits. Since this plan comes with zero allocation charge, 100% of your premium is invested in the chosen fund, thus leading to a better value for the Customer.
      FAQ Snoopy
    • What are the Death Benefit options available under ULIP?

      What are the Death Benefit options available under ULIP?

      In the unfortunate event of death of the life assured, provided the policy is in force as on the date of death and the monies are not in discontinued policy fund, the nominee will receive the death benefit which will be higher of the following:
      • Fund value
      • Sum assured less partial withdrawals
      • 105% of total premiums paid excluding service tax. Partial withdrawals will have following effect on the Sum Assured:
      • In the event of death of the life assured before the 60th birthday, the sum assured would be deducted by all partial withdrawals made during the two year period immediately preceding the date of death.
      • In the event of the death of the life assured on or after 60th birthday, the sum assured would be deducted by all partial withdrawals made after attaining age 58. On the death of the life assured while the monies are in discontinued policy fund, the death benefit will be the discontinued policy fund value.
      FAQ Snoopy

      What is a Unit Fund?

      What is a Unit Fund?

      The allocated (invested) portions of the premiums after deducting all the charges and premium for risk cover under all policies in a particular fund as chosen by the policy holders are pooled together to form a Unit fund.
      FAQ Snoopy

      What is Unit?

      What is Unit?

      It is a component of the Fund in a Unit Linked Policy. (It is almost same as that of Mutual Fund).
      FAQ Snoopy
    • What Types of Funds does ULIP Offer?

      What Types of Funds does ULIP Offer?

      The following are some of the common types of funds available with ULIPs:-
      • Equity Funds
      • Income and Bond Funds
      • Money Market Funds • Balanced Funds
      FAQ Snoopy

      What are Equity Funds

      What are Equity Funds

      These funds are primarily invested in company stocks with the general aim of capital appreciation.
      FAQ Snoopy

      What are Income and Bond Funds

      What are Income and Bond Funds

      These funds are invested in corporate bonds, government securities and other fixed income instruments
      FAQ Snoopy
    • What are Money Market Funds

      What are Money Market Funds

      These funds are invested in bank deposits and money market instruments
      FAQ Snoopy

      What are Balanced Funds

      What are Balanced Funds

      These funds combine equity investment with fixed interest instruments
      FAQ Snoopy

      Are Investment returns guaranteed in ULIP?

      Are Investment returns guaranteed in ULIP?

      One of the reasons people find to stay from ULIP is that, investment returns are not guaranteed in a ULIP. The investment risk of the portfolio is borne by the policy holder. Depending upon the performance of the unit fund chosen, the policyholder may incur gain or loss on his investment.
      FAQ Snoopy
    • What are different Charges in ULIP?

      What are different Charges in ULIP?

      Following are the different types of fees and charge for ULIPs:
      • Premium allocation Charge
      • Mortality Charge
      • Fund Management Charge
      • Policy Administration Charge
      • Service Tax Deductions • Surrender Charge
      FAQ Snoopy

      What is Premium allocation Charge

      What is Premium allocation Charge

      This charge normally includes initial and renewal expenses apart from commission expenses. It is basically a percentage of premium appropriated towards charge before allocation the units under the policy.
      FAQ Snoopy

      What is Mortality Charge

      What is Mortality Charge

      This is the charge to provide the cost of insurance cover under the plan. It also depends upon the age of member, health, and amount of coverage.
      FAQ Snoopy
    • What is Fund Management Charge

      What is Fund Management Charge

      These are fees levied for management of the fund(s) and are deducted before arriving at the Net Asset Value (NAV).
      FAQ Snoopy

      What is Policy Administration Charge

      What is Policy Administration Charge

      These are the fees for administration of the plan and levied by cancellation of units. This could be flat throughout the policy term or vary at a pre-determined rate.
      FAQ Snoopy

      What is Surrender Charge

      What is Surrender Charge

      A surrender charge may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy conditions.
      FAQ Snoopy
    • What is Service Tax Deduction

      What is Service Tax Deduction

      Before allotment of the units the applicable service tax is deducted from the risk portion of the premium.
      FAQ Snoopy

      How much of the premium is used to purchase units?

      How much of the premium is used to purchase units?

      As mentioned above, the full amount of premium paid is not allocated to purchase units. Insurers allot units on the portion of the premium remaining after providing for various charges, fees and deductions. The total monetary value of the units allocated is invariably less than the amount of premium paid because the charges are first deducted from the premium collected and the remaining amount is used for allocating units.
      FAQ Snoopy

      What is Net Asset Value (NAV)?

      What is Net Asset Value (NAV)?

      NAV is the value of each unit of the fund on a given day. The NAV of each fund is displayed on the website of the respective insurers.
      FAQ Snoopy
    • What is Free Look Period?

      What is Free Look Period?

      The policyholder can seek the refund of premiums if he disagrees with the terms and condition of the policy, within 30 days of the receipt of the policy document. The policyholder shall be refunded the fund value including the charges levied through cancellation of units subject to a deduction of expenses towards medical examination, stamp duty, proportionate risk premium for the period of cover.
      FAQ Snoopy

      What is Switch?

      What is Switch?

      This option provides for shifting the investments in a policy from one fund to another provided the feature is available in the product.
      FAQ Snoopy

      What is Partial Withdrawal?

      What is Partial Withdrawal?

      This option facilitates withdrawal of a portion of the investment in the policy. This is done through cancellation of a part of units.
      FAQ Snoopy
    • What happens if payment of premiums is discontinued?

      What happens if payment of premiums is discontinued?

      Premium discontinuance is applicable only to Regular Pay, 5 Pay and 10 Pay policies. Refer to product brochure for details.
      FAQ Snoopy

      What is Discontinued Policy Fund

      What is Discontinued Policy Fund

      For the policies where the premiums are discontinued, the Fund Value will be moved to Discontinued Policy Fund. The proceeds of the Discontinued Policy Fund shall be refunded only upon completion of the five policy anniversaries, except in the case of death of the life assured, wherein the discontinuance fund value shall be payable immediately to the nominee.
      FAQ Snoopy

      Where is discontinued policy fund invested?

      Where is discontinued policy fund invested?

      The investment mix for the Discontinued Policy Fund is as follows:

      Money market: 0% - 100%,
      Government Securities: 0% - 25%
      The minimum guaranteed interest rate on this Fund is 4.0% (Four percent) per annum (or as mandated by the Authority from time to time). The Fund Management Charge for the Discontinued Policy Fund is 0.5% per annum. The excess income earned in the Discontinued Policy Fund over and above the minimum guaranteed interest rate shall also be apportioned to the Discontinued Policy Fund
      FAQ Snoopy
    • What information related to investments is provided by the Insurer to the policyholder?

      What information related to investments is provided by the Insurer to the policyholder?

      The Insurers are obliged to send an annual report, covering the fund performance during previous financial year in relation to the economic scenario, market developments etc. which should include fund performance analysis, investment portfolio of the fund, investment strategies and risk control measures adopted.
      FAQ Snoopy

      What should one verify before investing in ULIPs?

      What should one verify before investing in ULIPs?

      One has to verify the approved sales brochure for
      • all the charges deductible under the policy
      • payment on premature surrender
      • features and benefits limitations and exclusions
      • other disclosures
      • Illustration projecting benefits payable in two scenarios of 4% and 8% returns as prescribed by IRDAI.
      FAQ Snoopy

What Our Customers Say

    • "PNB MetLife Products are made keeping safety and utility in mind making it very helpful to my family. "

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    • "My premium gets paid directly from the bank & I get a confirmation of it, making it a hassle free process."

      cust_icon

    • "PNB MetLife insurance policy plan covers risks well for the premium amount paid."

      cust_icon

    • "PNB MetLife Plan is beneficial to my family in case of an unfortunate event."

      cust_icon

Dear Customer,

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  • IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
    MetLife Mera Wealth Plan is Non-Participating, Unit Linked Insurance Plan | Product UIN Number – 117L098V01
    Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors
    PNB MetLife India Insurance Co. Ltd is only the name of the Insurance Company and MetLife Mera Wealth Plan is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns
    THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR.
    The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions
    The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
    Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
    Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, provided on the company website, carefully before concluding the sale.
  • PNB MetLife India Insurance Co. Ltd.
    IRDA of India Registration number 117. CI No. U66010KA2001PLC028883.
    Registered office: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001. Call us Toll-free at 1-800-425-6969,
    Website: www.pnbmetlife.com,
    Email: indiaservice@pnbmetlife.co.in. or write to us 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062. Phone: +91-22-41790000, Fax: +91-22-41790203

    LD/2016-17/086 EC076

    IRDAI clarifies to public that:
    IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial product nor invest premiums. IRDAI does not announce any bonus.
    Beware of spurious phone call and fictitious/fraudulent offers. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Public Disclosure | Privacy Policy | Disclaimer | IRDAI | Ombudsman | Life Insurance Council | Consumer Edu. | Policyholder Handbook | DNC | Grievance Cell | Anti Fraud Policy | Policyholder Edu.

The marks "PNB" and "MetLife" are the registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks