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Mera Wealth Plan is a ULIP (Unit Linked Life Insurance Plan) that covers your family financially if something happens to you and gets good returns on your investment. This investment plan offers two plan options- Premier and Online- along with two investment options- Self-managed and Systematic Transfer options.
You enjoy the option to choose your premium payment duration, modes, and modal factors. This article provides you with complete information about Mera Wealth Plan including its features, benefits, premium illustration, buying process, etc.
PNB MetLife Mera Wealth Plan offers you a range of benefits including:
Minimum Age - 30 days Maximum Age - 60 years
Maximum Maturity Age - 80 years
Minimum term - 10 years Maximum term - 30 years
5 to 30 years
Annual, half-yearly, quarterly & monthly
No limit
Let's understand how the PNB MetLife Mera Wealth 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 Mera Wealth Plan. He visited PolicyX.com
Let's understand how the PNB MetLife Mera Wealth Plan works for him with a premium illustration table.
Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
40 years | Rs. 5 lakhs | 20 years | 10 years | Rs 69,00,424 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 69,00,424 are paid to the policyholder.
Here are some features of PNB Metlife Mera Wealth Plan:
You have the option to choose the duration of your premium payment term including Single Pay, 5 Pay, 10 Pay, or Regular Pay as per your choice.
You can change the allocation of your premiums between various funds. In any particular fund, the minimum allocation should be at least 20% of the total premium payment.
You can freely switch between the various funds at any time during the policy tenure. The minimum amount of any switch must be at least Rs 5,000.
The partial withdrawals are available only after 5 years of premium payments. The withdrawals are completely free of cost.
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There are various benefits to buying the PNB MetLife Mera Wealth Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the PNB MetLife Mera Wealth 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 Mera Wealth 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 Mera Wealth 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 Mera Wealth 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 MetLife Mera Wealth 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 |
Loyalty Additions | Premium Offset |
Premium Discontinuance | No additional riders |
Guaranteed Maturity Benefit | Auto cover continuance |
Partial Withdrawals | 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 choose from two plan options- Premier and Online while buying the PNB Metlife Mera Wealth Plan.
You can buy PNB Metlife Mera Wealth Plan from the official website of PNB Metlife or one of their nearest branch offices.
Yes, Mera Wealth Plan allows you to freely switch between funds but the minimum switch must be at least Rs 5,000.
The loyalty additions are provided under the Mera Wealth Plan every year. The longer you stay invested, the higher the additions.
There are various premium payment terms available with Mera Wealth Plan including 5,10 and 10 to 30 years.
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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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