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PNB Century Plan provides you with whole-life (up to 100 years of age) coverage and income. This investment plan offers survival benefits if you outlive the policy tenure.
You can choose from various rider options to enhance your coverage as per your requirements. There are flexible options available to pay the premium amount, as well as modal factors. This article provides you with complete information about the PNB Metlife Century Plan.
PNB MetLife Century Plan offers you a range of benefits including:
Minimum Age - 30 days Maximum Age - 65 years
Maximum Maturity Age - 100 years
100 minus entry age
5 to 15 years
Annual, half-yearly, quarterly & monthly
No limit
Let's understand how the PNB MetLife Century Plan works with a simple premium illustration.
Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the PNB Metlife Century Plan. He visited PolicyX.com
Let's understand how the PNB MetLife Century Plan works for him with a premium illustration table.
Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits | pre |
30 years | Rs. 50,000 | Whole Life | 12 years | Rs 6,87,500 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 6,87,500 are paid to the policyholder.
Here are some features of PNB MetLife Century Plan:
The policyholder enjoys the flexibility to accumulate their survival benefits whether it is fixed income or any additions.
The policyholder can choose their survival pay mode whether monthly, quarterly, half-yearly, or yearly.
You can avail of a loan against your PNB Metlife Century Plan once your policy acquires the surrender value.
You can choose the premium payment modes- monthly/ quarterly/ half-yearly or yearly under each modal factor.
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There are various benefits to buying the PNB MetLife Century Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the PNB MetLife Century Plan:
Photo ID Proof (either of one) - Passport, Aadhar 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 Century Plan 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 Metlife Insurance.
Hover over the 'Buy Insurance' from the top of the menu.
Click on the ' PNB MetLife Century 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 Century Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Given below are some exclusions of the PNB Century Plan-
Suicide within 12 months of the policy purchase is not covered.
Consumption of any intoxicants.
Death due to any aviation accident.
Death due to any adventurous sports.
What’s Good Here | What’s Missing |
Guaranteed Cash Bonuses | Premium Offset |
Multiple Income Options | No additional riders |
Waiver of Premiums | Auto cover continuance |
Survival Benefits | Top-up premium |
PNB MetLife Mera Wealth Plan offers you dual benefits- maturity benefits along with loyalty additions and death benefits. You can also choose whether your funds are managed by experts or yourself. There are various charges levied by PNB Metlife on this plan which we have explained above. If you are confused about whether this plan is right for you or not then you can contact us at PolicyX.com. One of our insurance experts will contact you shortly, get your details, and help you choose the plan that best fits your needs.
You can buy the PNB Metlife Century Plan by visiting their official website or one of their nearest branch offices.
Yes, you can avail of a loan against your Melife Century Plan. The loan amount is the maximum of either the premium paid to date or the surrender value.
You can choose from three plan options- Super, Smart, and Future Income Options.
The minimum entry age of the Metlife Century Plan is 30 days.
Yes, you can choose your income payout frequency- monthly/ quarterly/ half-yearly, or yearly.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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February 5, 2023
Asia/Kolkata
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