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To Save More, Invest Smartly with the PNB Met Life Bachat Yojana.
PNB MetLife Bachat Yojana plan is a long-term saving plan with the benefit of assured life cover. Under this plan, you can pay premiums for 10 years while enjoying life insurance coverage for 15 years. If you pass away during the policy term, your family shall receive a sum assured along with a bonus (if any).
On the other hand, you'll receive a sum assured, along with a bonus as a maturity benefit if you outlive the policy term. However, the policy will start earning cash bonuses after three years, which will be added at the end of the policy year. With PNB SBachat Yojana, you'll get the dual benefits of insurance and disciplined savings at highly affordable premiums.
PNB MetLife Bachat Yojana Plan offers you a range of benefits including:
Minimum Age - 20 years Maximum Age - 60 years
Maximum Maturity Age - 75 years
15 years
10 years, Limited Pay
Annual, half-yearly, quarterly & monthly
Rs. 64,800 to Rs 5,00,000
Let's understand how the PNB MetLife Bachat Yojana Plan works with a simple premium illustration.
Mr. Verma is looking for an investment plan to create long-term wealth to fulfill his financial goals.
His financial advisor advised him to buy the PNB MetLife Bachat Yojana Plan. He visited PolicyX.com
Let's understand how the PNB MetLife Bachat Yojana Plan works for him with a premium illustration table.
Age of policyholder | Annual Premiums | Premium payment tenure | Sum Assured | Maturity Benefits |
35 years | Rs 20,000 | 10 years | Rs 2,89,223 | Rs 3,34,842 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 3,34,842 are paid to the policyholder.
Here are some features of PNB MetLife Bachat Yojana:
The plan comes with dual benefits of insurance and long-term savings.
In case you are unable to make the premium payment on time, then the policy provides a grace period of 15 days (for monthly mode) and 30 days (for other payment modes).
Once the policy has acquired a guaranteed surrender value after full payment of premiums for two continuous years, an insured can surrender the policy.
Upon the insured person's death, the insurer shall pay the sum assured along with a bonus to the nominee.
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There are various benefits to buying the PNB MetLife Bachat Yojana Plan. Let’s understand each of them in detail:
If the insured person passes away during the policy term, the guaranteed sum assured on death shall be payable to the nominee with the following additions.
Death Sum Assured + Accrued Simple Reversionary Bonus (if declared) + Terminal Bonus
The policyholder will receive the maturity benefit once the policy matures at the end of the policy tenure. Under PNB MetLife Bachat Yojana, the maturity value typically includes,
Base Sum Assured plus + Simple Reversionary Bonus + Terminal Bonus (if declared).
The policy will start earning a Simple Reversionary Bonus after three years, which will be added at the end of each policy year. However, the bonus is promised to be payable on the death, maturity, or surrender, whichever is earlier.
Once your policy has obtained surrender value and you want to discontinue your policy, you'll receive the surrender value equal to the maximum Guaranteed Surrender Value and Special Surrender Value.
Here is the list of documents required to buy the PNB MetLife Bachat Yojana Plan:
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the PNB MetLife Bachat Yojana official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of PNB Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'PNB MetLife Bachat Yojana Plan'.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the PNB MetLife Bachat Yojana Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
What’s Good Here | What’s Missing |
Flexible Premium Payment Modes | Guaranteed Additions |
Additional Bonuses | No High Sum Assured Rebate |
Maturity Benefit | No Auto cover Continuance |
Death Benefit | Regular Income |
PNB MetLife Bachat Yojana plan comes with dual benefits of insurance and long-term savings. In this plan, you can grow your savings with yearly bonuses from the end of the 3rd year onwards until maturity. To learn more about this plan, you can reach out to us at PolicyX.com.
Yes, you can surrender your PNB MetLife Bachat Yojana Plan once your policy acquires a surrender value.
PNB MetLife Bachat Yojana plan is a long-term saving plan with the benefit of assured life cover.
If you pay premiums for 10 years, your life insurance coverage extends for 15 years.
PNB MetLife Bachat Yojana plan comes with a grace period of 30 days.
PNB SBachat Yojana has a limited premium payment term option in which if you pay premiums for ten years, you can enjoy coverage for 15 years.
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February 5, 2023
Asia/Kolkata
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