PNB MetLife

Mera Jeevan Suraksha Plan

Individual, Non-Linked, Non-Participating, Pure
Risk Premium Life Insurance Plan
UIN: 117N102V02

Product Presentation
Brief Product Description
PNB MetLife Mera Jeevan Suraksha Plan is an Individual, non-linked, non participating, pure risk
premium Life insurance plan.

Key Highlights

Inbuilt Terminal Cover your spouse in the

Illness Cover same plan
Waiver of Premium on first life’s death
Flexible payout options –
lump sum or income
Special premium rates
for female lives
Choice between level or
increasing income
A Complete Special premium rates for
Coverage till age 80 term plan higher sum assured

Optional 100% RoP Tax benefits

on survival
Please refer complete sales brochure before concluding the sales.
How does the Plan Work/
Options within the Plan
Benefit option Benefits

Benefit option 1
Lump Sum • Lump sum payout
Secure your family’s
Benefit option 2
future
Life Partner • Lump sum payout for self and for spouse

Benefit option 3 • Immediate payment of lump sum

Fixed Income • Level monthly income for 10 years
Get double protection
Benefit option 4 • Immediate payment of lump sum
Increasing Income • Increasing monthly income for 10 years Monthly income PLUS 100 times of
monthly income as lump sum

You can also opt for ‘Return of Premiums’ along with each Benefit Option…
Please refer complete sales brochure before concluding the sales.
Boundary Conditions
Benefit options
Option 1 Lump Sum
Option 2 Life Partner*
Option 3 Fixed Income
Option 4 Increasing Income

Product specification Minimum Maximum

Age at entry (Years) 18 65
Age at maturity (Years) 28 80
40
Policy Term (Years) 10 (30, if ‘with return of premiums’ option is
chosen)
Premium Paying Term (PPT) (Years) Regular pay
Premium Payment modes Yearly / Half-yearly / Monthly

Annualized Premium (Rs.) 3,885 Subject to maximum Sum Assured

Basic Sum Assured (Rs.) 25,00,000 Subject to underwriting

Only for Option 3 – Fixed Income & Option 4 – Increasing Income

Income payout term (years) 10

*Second life cover restricted to 50% of primary life, max Rs. 1 cr. Min second life SA is Rs. 25 lakh, payable as lump sum
Please refer complete sales brochure before concluding the sales.
PNB MetLife
Mera Jeevan Suraksha Plan
Sample Illustrations
Benefit Option 1 – Lump Sum
Premium of Rs. 13,350
Death / Terminal illness cover for 30 years
@ Rs. 36 / day
Rs. 50 Lakh

Age 40 Age 55

50 lakh cover ‘with RoP’ also available @ Rs. 25,900 for 40 year old male, opting for a 30 year term

Death Benefit* Secure your family’s future with life cover of Rs. 50 lakh
Inbuilt Life PLUS
Terminal Illness
100% acceleration of death benefit –
TI Benefit* cover with
Seek out the best treatment or plan your legacy
optional return
of premiums!!!
Return of If opted, take all your premiums back at maturity if nothing happens to you
Premiums

*Benefit will be payable upon death or TI, whichever occurs first and according to the benefit option chosen by policyholder.
*For Illustration Purpose only.
Benefit Option 2 – Life Partner
Get life / terminal illness cover for both yourself AND your life partner

Total premium of Death of first life: Rs. Death of second life:

First life 50 lakh Rs. 25 lakh
Rs. 21,797 for 30 years
SA: Rs 50 lakh
Premium : Rs 13,350
Waiver of future premiums Policy terminates
Second Life
SA: Rs 25 lakh
Premium : Rs 8,447
Age 40 Age 42 Age 62

50 lakh cover ‘with RoP’ also available @ Rs. 42,405 for 40 year old
policyholder and spouse, opting for a 30 year term Inbuilt Life PLUS
Terminal Illness
In case second life predeceases first life – cover with
optional return
• Sum assured for second life (Rs. 25 lakh in the example) paid immediately, of premiums!!!
• Policy continues with reduced premiums, i.e., Rs. 13,350 in above example,
• Sum assured for first life (Rs. 50 lakh) paid on subsequent death of first life

Please refer complete sales brochure before concluding the sales.

*For Illustration Purpose only.
Benefit Option 3 – Fixed Income
1 Monthly income amount Rs. 25,000 2 Fixed Income 3 Term of 30 Years

100 times
monthly income + Fixed monthly income of
Rs. 25K for 10 years

Premium of
Rs. 24,640 for 30 years Rs. 25,000 for 10 years
Policy
terminates

Age 40 Age 65 Lump sum : Rs. 25 lakh

Total income: Rs. 30 lakh Total
Rs. 25 lakh as lump sum Benefit : Rs. 55 lakh

Also, get your premiums back at maturity in case of no claim

Annual premiums without RoP would be Rs 12,760
Please refer complete sales brochure before concluding the sales.*For Illustration Purpose only.
Benefit Option 4 – Increasing Income
1 Monthly income amount Rs. 25,000 2 Increasing Income 3 Term of 30 Years

Lump sum payable Monthly income Monthly income

immediately Increasing at Increasing at

10 x 10 10 % Simple rate p.a 10 Years after

death/TI

Premium of
Rs. 29,455 for 30 years Initial income Rs 25k, increasing @ 10% simple rate p.a.

Policy
terminates

Age 40 Age 65 Lump sum : Rs. 25 lakh

Total income: Rs. 43.5 lakh Total
Rs. 25 lakh as lump sum Benefit : Rs. 68.5 lakh

Also, get your premiums back at maturity in case of no claim

Annual premiums without RoP would be Rs. 15,207
Please refer complete sales brochure before concluding the sales. *For Illustration Purpose only.
Terms & Conditions
• Without Return of Premiums: Being a regular premium paying policy, the policy shall lapse in case of non-
Lapse
payment of premium at the end of the grace period allowed under the policy.
• With Return of Premiums: If all due instalment premiums for at least the first two consecutive Policy Years are
not paid in full, the Policy lapses at the end of the Grace Period and the risk cover will cease immediately.

• Surrender benefit is payable only if ‘with return of premiums’ option is chosen

Surrender • Policy acquires Surrender value provided premiums are paid in full for first 2 policy years
• Surrender Value is higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV)

• If a policy has acquired a non-zero surrender value and no future installment premiums are paid, the policy will
continue as a paid up policy with reduced benefits, however the policyholder shall have the option to surrender
Paid-Up Benefits
the policy.

• Lapsed / Paid-up policy can be revived for its full coverage within 5 years from the due date of the first unpaid
Revival premium but before policy maturity.
• A surrendered policy cannot be revived

Please go through the sales literature/terms & conditions of the product for more details
Extract of Section 41 of the Insurance Act, 1938, as amended from time to time states

In accordance with Section 41 of the Insurance Act, 1938, as amended from time to time no person shall allow or offer to allow,
either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk
relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium
shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as
may be allowed in accordance with the published prospectuses or tables of the insurer. Any person making default in complying
with the provisions of this section shall be punishable with fine which may extend to ten lakh rupees.

Fraud and misrepresentation

Treatment will be as per Section 45 of the Insurance Act, 1938 as amended from time to time.
Disclaimers
PNB MetLife India Insurance Company Limited, Registered office: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G
Road, Bangalore -560001. IRDA of India Registration number 117. CI No. U66010KA2001PLC028883. PNB MetLife Mera Jeevan Suraksha Plan is
an Individual, non-linked, non participating, pure risk premium Life insurance plan (UIN 117N102V02).) Please consult your advisor for more
details. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding any sale. Terms and
Conditions Apply. 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. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change
from time to time. 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. 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. AD-F/2019-20/00120
Please refer complete sales brochure before concluding the sales.

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS /FRAUDULENT OFFERS

IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are
requested to lodge a police complaint.
Thank You