LIC Premium and Maturity Calculator

PNB MetLife Endowment Savings Plan, Policy, Premium and Maturity Calculator

PNB MetLife Endowment Savings Plan, Policy, Premium and Maturity Calculator - MetLife Endowment Savings plan is a savings cum insurance plan that offers you systematic savings for all the important milestones of your life as well as life protection. The PNB MetLife plan helps you accumulate a corpus as well as ensure financial protection for your family in the unfortunate event of sudden death. The policy is great for people who are looking to conservatively grow their money as well as avail protection for their family.

Eligibility - PNB MetLife Endowment Savings Plan and Policy

Maximum Age at maturity Minimum Entry Age Maximum Entry Age
75 years 20 years 60 years

Key features - PNB MetLife Endowment Savings Plan and Policy

Plan type Participating non-linked endowment plan.
Plan basis
Individual
Premium paying terms
Regular, Limited Pay 5 years, Limited Pay 10 years
Premium Payment Frequency
Yearly, half-yearly, quarterly, monthly
Policy term
  Limited Pay 5 years Limited Pay 10 years Regular
Min. Policy Term 10 15 15
Max. Policy Term 20 25 30
Min. Premium Amount
Mode of Premium Regular Pay Rs. Limited Pay 10 Years Rs. Limited Pay 5 Years Rs.
Yearly 15,000 24,000 30,000
Half-Yearly 12,000 12,000 15,000
Quarterly 6,000 6,000 7,500
Monthly/PSP 2,500 2,500 5,000
Grace period
30 days from the expected date of payment of premium (for yearly, half-yearly and quarterly modes)

15 days from the expected date of premium payment for monthly mode

Free Look Period
15 days from the date of signing the policy
Nomination
Nomination facility is available under section 39 of the Insurance Act, 1938
Sum Assured
  Limited Pay 5 years Limited Pay 10 years Regular
Min. Sum Assured Rs. 164,000 Rs. 257,000 Rs. 145,000
Max. Sum Assured Rs. 5 Crore Rs. 5 Crore Rs. 5 Crore
Policy coverage
Death benefits and maturity benefits.

Death Benefits: In case of death of the policyholder, the following two listed below are paid to the beneficiary:

Sum assured plus all reversionary bonuses accrued plus terminal bonus if any is paid out or 105% of all premiums paid till date

Maturity Benefits:

Sum assured plus all reversionary bonuses accrued plus terminal bonus if any is paid to the policyholder on maturity of policy

Discontinuation of premium
Any discontinuation needs to be intimated to MetLife and whether the policy will be surrendered is to be made known.

Benefits/Advantages - PNB MetLife Endowment Savings Plan and Policy

Listed below are some of the most prominent benefits and advantages offered by MetLife Endowment Savings Plan .

  • Tax benefits: MetLife Endowment Savings plan offers tax benefits on premiums paid by the policyholder. This tax exemption is under section 80C, and D of the Income Tax Act, 1961.
  • Simple Reversionary Bonus: The policy offers simple reversionary bonus after three policy years. This bonus is credited at the end of each policy year.
  • Terminal Bonus pay-out: Policyholders get to avail certain terminal bonus also at the maturity of the insurance scheme. Terminal bonus depends upon MetLife and is a percentage of the reversionary bonus.

PNB MetLife Child Insurance Plans
PNB MetLife Money Back Plan
PNB MetLife Smart Child Plan
PNB MetLife College Plan
PNB MetLife Smart Platinum Plan
PNB MetLife Easy Super Plan
PNB MetLife Bhavishya Plus Plan
PNB MetLife Savings Plans
PNB MetLife Guarateed Savings Plan
PNB MetLife Money Back Plan
PNB MetLife Bachat Yojana
PNB MetLife Guaranteed Income Plan
PNB MetLife Endowment Savings Plan
PNB MetLife Endowment Savings Plan Plus
PNB MetLife Bhavishya Plus
PNB MetLife Wealth Insurance Plans
PNB MetLife Mera Wealth Plan
PNB MetLife Endowment Savings Plan
PNB MetLife Smart Platinum
PNB MetLife Smart One
PNB MetLife Easy Super

PNB MetLife Retiremet Plans
PNB MetLife Money Back Plan
PNB MetLife Bachat Yojana
PNB MetLife Wealth Plan
PNB MetLife Immediate Annuity Plan
PNB MetLife Retirement Savings Plan
PNB MetLife Monthly Income Plan-10 Pay
PNB MetLife Dhan Samriddhi Plan
PNB MetLife Smart Platinum
PNB MetLife Easy Super
PNB MetLife Group Insurance
PNB MetLife Endowment Savings Plan
PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana
PNB MetLife Unit Linked Employee Benefit Plan
PNB MetLife Traditional Employee Benefits Plan
PNB MetLife Superannuation
PNB MetLife Loan and Life Suraksha
PNB MetLife Group Term Life Plus
PNB MetLife Complete Care Plus
PNB MetLife Retiremet Plans
PNB MetLife Rural Plans
PNB MetLife Bachat Yojana
PNB MetLife Bhavishya Plus
PNB MetLife Grameen Ashray