PNB MetLife

Genius Plan
An Individual, Non-linked, Non-Participating,
Savings, Life Insurance Plan.
FFS/Genius/April23/NonAgency/Version1.10

UIN: 117N135V02

Only for internal circulation and training

Circle of Life-need based selling

A complete plan to complete all your needs!

Gift your child a Make the right Ensure a secure Make your
promising choice today, to tomorrow for your money work,
tomorrow, fulfil your dreams loved ones, today! even after you
today! tomorrow! Protect your loved ones with retire!
Invest in our Child Invest in our Long Term our Family Protection Solutions Plan your future with our
Education Solutions. Savings Solutions Retirement Solutions
 God created parents

It is said, God could not be

everywhere!
So, he created
Parents, to love and
take care of every
child!

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 Nancy Edison
A mother instrumental in the making of a Genius

Parents make children(s) feel

secured which strengthen the
belief that builds within them,
when they, through word or
deed says - 'I believe in
you'

“Thomas Alva Edison was a

confused child that, by a hero
mother, became the genius of
the century.” – Thomas Alva
Edison

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Genius is not about Grades.
Its about the belief in your .

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 For Parents,
children is everything

Parents’ lives revolve

around their children!
Every action they
take, everything they
think of…

It is always in the
best interest of
their children

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PV Ramana, Vijaya
Parent Pillars of P V Sindhu

“My parents’ role cannot be quantified and measured, Simply put, if not for them, I
couldn’t have had this kind of a career.”

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You have the Power

As a parent it is within
your powers, to identify
and support your child to
achieve their potential!

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Conventional Career
options for our Geniuses

Medicine Banking

Science and
Engineering
Technology
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 Geniuses are exploring
Unconventional Careers too

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Radio
Chef
Jockey
Fresher: 5 – 8 Lacs Fresher: 3 – 5 Lacs
Experienced: 35+ lacs Experienced: 30+ lacs

Forensics Vlogging

Fresher: 3 – 6 Lacs Fresher: Unlimited Potential

Experienced: 25+ lacs Experienced: Unlimited Potential
 Geniuses are exploring
Unconventional Careers too

Cricket Badminton

Average Income in Average Income in one

one Season is INR Season is between
3.38 Crore Kabbadi INR 20 Lakh to 80 Football
Lakhs
Average Income in one Season is Average Income in one Season is
between INR 20 Lakh to 1.3 Crore between INR 20 Lakh to 1.42 Crore
Earning potential in sports and similar career options is now at par or more than the conventional career options.
This is strictly for internal circulation to PNB MetLife Employees
 You are the Superhero for
your Genius!
We will give you Super
Power to help
your child realize
their
potential!

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 13
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UIN: 117N135V02

14
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As Super dad and Supermom

You have the Superpower to

design the solution for your

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Superpower for Guaranteeing the
fulfillment of your Genius’s dreams

Absolute protection from volatility of

stock market and interest rate changes
up to 25 Years.

All the benefits are guaranteed as the product is from Non-Par Category of
Life Insurance products.

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Superpower to design the solution for
your Genius

• Choose between Future Secure or Child

Secure* plan options.

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• Future Secure allows Super Dad or Super Mom
to be the Life Assured and Child Secure will have
the Child as Life Assured.

• Customizable policy term and premium paying

term options.

• Choose from multiple income options ranging

from One to Twenty payments.

• Get Income in Annual, Quarterly, Half Yearly or

Monthly frequency. (Modal factors applicable)
*Risk commencement in Child Secure starts from day 1 of issuance of the policy which is subject other applicable T&C.
Superpower to stop, start and withdraw
the income

Accumulation
and Withdrawal

• Option to accumulate income pay-out as

per the need.

• Withdraw the accumulated income as

and when required.

• Accumulated income will earn additional

interest @ Reverse Repo Rate*.

*Subject to periodic revision as and when announced by RBI.

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Superpower to get more by saving more
for your Genius

High Premium
Rewards
• Save more and get higher income.

• Annual Premium of Rs.2.5L and above

will get higher income.

High Premium Rewards

Enhancement in
Policy Term
Guaranteed Income Factor
10 to 14 1.25%
15 to 19 1.30%
20 to 25 1.35%
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Superpower to get higher income for
your Genius Girl child

DhanLakshmi
Benefit
• First time in the industry to promote
education and empowerment of a girl
child.

• Get additional benefit as enhancement

in Guaranteed Income Factor by
1.5% on for your girl child.

Available under Child Secure option and can be availed at policy

inception only.

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5th Superpower continues
More Income for Existing Clients

Loyalty Benefit

• Get additional benefit as enhancement

in Guaranteed Income Factor by 1.5%
for existing customers*.

• Very few companies offer such unique

loyalty benefits for their existing clients.

• Customer can opt for either Dhan Laxmi Benefit or Existing Customer Benefit.
• *Eligible for customers if the existing policy is either in force or had matured as an in-force
policy. This benefit shall be availed at the outset and shall not be altered subsequently. This
benefit shall not be applicable for reduced paid-up or is surrendered.

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Superpower to secure your Geniuses
financial future

Life Insurance
Cover
Life Insurance coverage available
throughout the policy term including the
deferment and pay-out period,
irrespective of the Term/PPT/Plan
Option.

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Superpower to ensure uninterrupted
income pay-outs for your Genius

Waiver of
Premium (WOP)
• Inbuilt Waiver of Premium (WOP) ensures
guaranteed fulfillment of your genius’s
dreams.

• In case of unfortunate death of the Life

Assured (Future Secure) and
Proposer/Policyholder (Child Secure), all
future premiums are waived off and income
pay-out continue as it is.

• Option to add WOP on ATPD* also available.

*WOP on ATPD can be availed at policy inception only.

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Superpower to save more with
tax benefits

Tax Benefits

Tax Benefits on the premium paid and

income* received allows more savings
for the Geniuses u/s 80C and 10(10D)
of IT Act.

*Last chance to avail the tax benefits for A.P. of more

than Rs.5L ends on 31st March’23.
For more details, please consult your tax advisor.

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Additional Superpowers for
your Geniuses

Additional
Benefits
• Option to add two additional riders –
ADB Plus and Serious Illness Rider

• Loan can be availed up to 80% of the

Surrender Value.

• Income Benefit gets a boost with Wealth

Boosters up to 20% during the income
pay out period.

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8 Superpowers for your Geniuses
(Key Features : Genius Plan)
Tax Benefits as per the 8 1 Guaranteed benefits
applicable laws for a secured future

Life cover 7 2 Two plan options with

throughout the Customizable income
policy term pay-out options

Inbuilt Waiver of 6 3 Option to

Premium accumulate and
withdraw income

Higher Income for a girl 5 4 Higher income for higher

child / existing customer premiums

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 Whether it is
conventional Careers,
Unconventional
Careers…

Fulfilling the dreams of

your Genius child
requires financial
commitments

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 Parents has the power to Guarantee all
the income for Geniuses education

37% B Tec MBA MBBS

Fee Now Fee Now Fee Now

Parents feel that it will be a 9.20 Lakh* 22 Lakh^ 25 Lakh**
struggle to fulfill long term
Fee after Fee after Fee after
needs of their kids. 10 years - 10 years - 10 years -
18.10 Lakh 43.28 Lakh 49.18 Lakh
Skyrocketing cost of higher
Fee after Fee after Fee after
education is one of the 15 Years - 15 Years - 15 Years -
biggest concern for any 25.38 Lakh 60.69 Lakh 68.97 Lakh
parent. *Inflated @ 7% . Fees for IIT’s |^ Inflated @ 7%. Fees for IIM -A |** inflated @7% . Fees for Private medical colleges

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Every Genius has a Super Dad and Super Mom
who can fulfil these financial Commitments

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All these superpowers are going
to help your child be a GENIUS.

Let’s see how a Super Dad and

Super Mom can fulfill the dream
of their child becoming a

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Super Dad (Age 35) wants to invest
in a plan that would help him to take
care of his Genius son’s (Age 5)
educational expenses. He chooses
PNB MetLife Genius Plan – Future
Secure option with a PPT of 10 years
and the policy term 20 years.
Let's see how the plan works if he is
willing to save Rs.2.5L or Rs.5L Per
Annum with 5 and 3 income pay-
outs, respectively.

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 GENIUS Plan (5 Payouts)
Future Secure Option (2.5L)
Paid Rs. 25 Lakhs
SCENARIO 1: Super Dad (35 Years) survives entire
policy term; he will receive benefits for his Genius son
4 Times
Received Of Annualized Premium as
(5 years) as mentioned below: Guaranteed Annual Income Benefits
Rs. 50.37 Lakhs

Guaranteed Income of Rs.5,46,945 + Rs.4,12,500 as Accrued

Guaranteed Addition divided by Income pay-out Period
Guaranteed additions of 15% of Total Annualized
(Rs.20,62,500/5) + Wealth Booster of Rs.47,972
Premiums paid till date accrue during Premium
Paying Term i.e., Rs. 20.62 Lakh Annual Income of Rs. 10L* for
5 years
Deferment Period from
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ 11th-15th Policy Year
Annualised Premium of Rs. 2.5 Lakh

Term 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Child
Age 5 15 16 17 18 19 20 21 22 23 24 25

Guaranteed pay-outs to secure the Geniuses future

Income may differ with different income frequencies | *Exact income is Rs.10,07,418 Annually for 5 Years. | Exact total benefit as incomes is Rs.50,37,088

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 GENIUS Plan (5 Payouts)
Future Secure Option (2.5L)

SCENARIO 2: Unfortunately, if the Super Dad dies in 4th

Paid Rs. 10 Lakhs
5.50 Times
Year ; still his Genius son (now 9 years) will receive the Received Total Guaranteed Benefits (Incl.
Guaranteed Income as 4 Times of
benefits as mentioned below: Rs. 55.74 Lakhs Annualized Premium as)

• All 6 future premiums of Rs. 15L Lakhs (Rs. 2.5L p.a. x 6 years) will Guaranteed Income of Rs.5,46,945 + Rs.4,12,500 as Accrued
be waived off and paid by PMLI Guaranteed Addition divided by Income pay-out Period
• Lumpsum of Rs. 5,37,576 will be paid immediately on death. (Rs.20,62,500/5) + Wealth Booster of Rs. 47,972
GA will keep on accruing@15% every year.
• Policy shall continue and the Genius kid will receive income Annual Income of Rs. 10L* for
benefits as and when due. 5 years
Deferment Period from
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ 11th-15th Policy Year

Annualised Premium of Rs. 2.5 Lakh

Term 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Child
Age 5 15 16 17 18 19 20 21 22 23 24 25

Guaranteed pay-outs to secure the Geniuses future

Income may differ with different income frequencies | *Exact income is Rs.10,07,418 Annually for 5 Years. | Exact total benefit as incomes is Rs.50,37,088

This is strictly for internal circulation to PNB MetLife Employees

 GENIUS Plan (3 Payouts)
Future Secure Option (5L)
Paid Rs. 50 Lakhs
SCENARIO 3: Super Dad (35 Years) survives entire
policy term; he will receive benefits for his Genius son (5
7 Times
Received Of Annualized Premium as
Years) as mentioned below: Guaranteed Annual Income Benefits
Rs. 1.06 Cr.

Guaranteed Income of Rs.19,96,004 + Rs.13,75,000 as Accrued

Guaranteed Addition divided by Income pay-out Period
Guaranteed additions of 15% of Total Annualized Premiums (Rs.41,25,000/3) + Wealth Booster of Rs.1,68,550
paid till date accrue during Premium Paying Term i.e.,
Rs. 41.25 Lakh Annual Income of Rs. 35
lakh for next 3 years

Annualised Premium of Rs. 5 Lakh Deferment Period from 11th-17th Policy Year

₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹
Term 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Child
Age 5 15 16 17 18 19 20 21 22 23 24 25

Guaranteed pay-outs to secure the Geniuses future

Income may differ with different income frequencies | *Exact income is Rs.35,39,554 Annually for 3 Years. | Exact total benefit as incomes is Rs.1,06,18,662

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 GENIUS Plan (3 pay-outs)
Future Secure Option (5L)

SCENARIO 4: Unfortunately, Super Dad dies in 4th Year

Paid Rs. 20 Lakhs 5.88 Times
Total Guaranteed Benefits (Incl.
; still his Genius son (now 9 Years) will receive benefits Received Guaranteed Income as 7 Times of
as mentioned below: Annualized Premium as)
Rs. 1.18 Cr.

• All 6 future premiums of Rs. 30 Lakhs (Rs. 5 Lakh p.a. x 6 years) Guaranteed Income of Rs.19,96,004 + Rs.13,75,000 as Accrued
will be waived off and paid by PMLI. Guaranteed Addition divided by Income pay-out Period
• Lumpsum of Rs.11,45,433 will be paid immediately on (Rs.41,25,000/3) + Wealth Booster of Rs.1,68,550
death. GA will keep on accruing@15% every year
• Policy shall continue and the Genius kid will receive income Annual Income of Rs. 35
benefits as and when due. lakh for last 3 years

Annualised Premium of Rs. 5 Lakh Deferment Period from 11th-17th Policy Year

₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹
Term 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Child
Age 5 15 16 17 18 19 20 21 22 23 24 25

Guaranteed pay-outs to secure the Geniuses future

Income may differ with different income frequencies | *Exact income is Rs.35,39,554 Annually for 3 Years. | Exact total benefit as incomes is Rs.10,61,8662 | Total Benefit is Rs. 1,17,64,095

This is strictly for internal circulation to PNB MetLife Employees

Super Mom (35 Years) wants to invest
in a plan that would help her to take care
of her Genius Daughter (5 Year)
education and marriage expenses. He
chooses PNB MetLife Genius Plan –
Child Secure option with PPT of 10
years and policy term of 20 years.
She is willing to save Rs.2.5L and 5.0L
Per Annum for her Genius with
income pay-outs as 5 and 3
respectively.

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 GENIUS Plan (5 Payouts)
Child Secure Option (2.5L)
Paid Rs. 25 Lakhs
SCENARIO 1: Super Mom (35 Years) survives entire
policy term; she will receive benefits for her Genius
4 Times
Received Of Annualized Premium as
daughter (5 Years) as mentioned below: Guaranteed Annual Income Benefits
Rs.50.72 Lakhs
Guaranteed Income of Rs.5,53,621 + Rs.4,12,500 as Accrued
Guaranteed Addition divided by Income pay-out Period
Guaranteed additions of 15% of Total Annualized (Rs.20,62,500/5) + Wealth Booster of Rs.48,306
Premiums paid till date accrue during Premium
Paying Term i.e., Rs. 20.62 Lakh Annual Income of Rs. 10L* for
5 years
Annualised Premium of Rs. 2.50 Lakh Deferment Period from
11th-15th Policy Year
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹
Term 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Child
5 15 16 17 18 19 20 21 22 23 24 25
Age

DHANLAXMI BENEFIT Guaranteed pay-outs with Dhan Laxmi Benefit to secure the Geniuses future

Income may differ with different income frequencies | *Exact income is Rs.10,14,427 Annually for 5 Years. | Exact total benefit as incomes is Rs.50,72,135
Exact income is Rs.10,05,949 Annually for 5 Years if Dhanlaxmi is not opted and the proposer is Mom/Dad | Exact total benefit as incomes is Rs.50,29,746
This is strictly for internal circulation to PNB MetLife Employees
 GENIUS Plan (5 Payouts)
Child Secure Option (2.5L)

SCENARIO 2: Unfortunately, Super Mom dies in 4th Year

Paid Rs. 10 Lakhs 5.72 Times
Total Guaranteed Benefits (Incl.
; still her Genius daughter (now 9 Years) will receive Received Guaranteed Income as 4 Times of
benefits as mentioned below: Annualized Premium as)
Rs. 50.72 Lakhs
• Remaining 6 Premiums of Rs.15L (Rs.2.5L p.a. X 6) is waived Guaranteed Income of Rs.5,53,621 + Rs.4,12,500 as Accrued
off and paid by PMLI. Guaranteed Addition divided by Income pay-out Period
• GA will keep on accruing@15% every year. (Rs.20,62,500/5) + Wealth Booster of Rs.48,306
• Policy shall continue and Genius daughter will receive
income benefits as and when due.
Annual Income of Rs. 10L* for
Annualised Premium of Rs. 5 years
2.5 Lakh paid till 4th Year Remaining 6 Premiums Deferment Period from
are waived off 11th-15th Policy Year

₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹
Term 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Child 5 15 16 17 18 19 23 24 25
20 21 22
Age

DHANLAXMI BENEFIT
Guaranteed pay-outs with Dhan Laxmi Benefit to secure the Geniuses future

Income may differ with different income frequencies | *Exact income is Rs.10,14,427 Annually for 5 Years. | Exact total benefit as incomes is Rs.50,72,135| Total Benefit is Rs. 65,72,135
Exact income is Rs.10,05,949 Annually for 5 Years if Dhanlaxmi is not opted and the proposer is Mom/Dad | Exact total benefit as incomes is Rs.50,29,746
This is strictly for internal circulation to PNB MetLife Employees
 GENIUS Plan (3 Payouts)
Child Secure Option (5L)
Paid Rs. 50 Lakhs
SCENARIO 3: Super Mom (35 Years) survives entire
policy term; she will receive benefits for her Genius
7 Times
Of Annualized Premium as
daughter (5 Years) as mentioned below: Received Rs. 1.06 Cr. Guaranteed Annual Income Benefits

Guaranteed Income of Rs.20,15,809 + Rs.13,75,000 as Accrued

Guaranteed Addition divided by Income pay-out Period
Guaranteed additions of 15% of Total Annualized Premiums (Rs.41,25,000/3) + Wealth Booster of Rs.1,69,540
paid till date accrue during Premium Paying Term i.e.,
Rs. 41.25 Lakh Annual Income of Rs.35 lakh
for last 3 years
Annualised Premium of Rs. 5 Lakh Deferment Period from 11th-17th Policy Year

₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹
Term 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Child
5 15 16 17 18 19 20 21 22 23 24 25
Age

DHANLAXMI BENEFIT Guaranteed pay-outs with Dhan Laxmi Benefit to secure the Geniuses future

Income may differ with different income frequencies | *Exact income is Rs.35,60,349 Annually for 3 Years. | Exact total benefit as incomes is Rs.1,06,81,047
*Exact income is Rs.35,29,480 Annually for 3 Years if Dhanlaxmi is not opted and the proposer is Mom/Dad | Exact total benefit as incomes is Rs.1,05,88,439|
This is strictly for internal circulation to PNB MetLife Employees
 GENIUS Plan (3 Payouts)
Child Secure Option (5L)

SCENARIO 4: Unfortunately, Super Mom dies in 4th Year

Paid Rs.20 Lakh 5.34 Times
Total Guaranteed Benefits (Incl.
; still her Genius daughter (now 9 Years) will receive
benefits as mentioned below: Received Rs. 1.06 Cr. Guaranteed Income as 4 Times of
Annualized Premium as)

• Remaining 6 Premiums of Rs.30L (Rs.5L p.a. X 6) is waived

Guaranteed Income of Rs.20,15,809 + Rs.13,75,000 as Accrued
off and paid by PMLI.
Guaranteed Addition divided by Income pay-out Period
• GA will keep on accruing@15% every year.
(Rs.41,25,000/3) + Wealth Booster of Rs.1,69,540
• Policy shall continue and Genius daughter will receive
income benefits as and when due.
Annual Income of Rs.35 lakh
Annualised Premium of Rs.5 for next 3 years
Lakh paid till 4th Year Remaining 6 Premiums Deferment Period from 11th-17th Policy Year
are waived off

₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹
Term 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Child
Age 5 15 16 17 18 19 20 21 22 23 24 25

DHANLAXMI BENEFIT Guaranteed pay-outs with Dhan Laxmi Benefit to secure the Geniuses future

Income may differ with different income frequencies | *Exact income is Rs.35,60,349 Annually for 3 Years. | Exact total benefit as incomes is Rs.1,06,81,047
*Exact income is Rs.35,29,480 Annually for 3 Years if Dhanlaxmi is not opted and the proposer is Mom/Dad | Exact total benefit as incomes is Rs.1,05,88,439|
This is strictly for internal circulation to PNB MetLife Employees
 Boundary Conditions
GENIUS

Parameters Boundary conditions

Future Secure Option (Life Assured and Proposer): Minimum:18
Maximum; 50 Years for 5 Pay ; and for 7 &10 pay : 55 Years
Age at entry (Years)
Child Secure Option: Min: 0 Max: 25 (Life Assured)
Maximum; 55 Years for 5 Pay ; and for 7 &10 pay : 60 Years (Proposer)
Premium Paying Term (PPT) 5, 7 and 10 Years
Policy term Minimum:10 years & Maximum: 25 years
Income pay-out frequency Min:1 Pay-out for all the PPT and Term combinations
(Annual) Max: 20 Payouts for 5 PPT ; 18 Pay-outs for 7 PPT and 15 Payouts for 10 PPT
Deferment Min:1 Year Max: Based on PT, PPT & no. of pay-outs chosen
Minimum Annual Premium (Rs.) 5 Pay: 24000, Others: 12,000
Maximum Premium As per Board approved underwriting policy
Premium Payment modes Yearly / Half Yearly / Quarterly/ Monthly (Imp:5 Pay is available only with Annual Mode)
Additional Benefit options and
WOP on ATPD, Accidental Death Benefit Plus ; Serious Illness Rider
Riders
Income pay-out period will be such that the last pay-out coincides with maturity date. Income frequencies half yearly, quarterly and monthly can also be opted for but will have an impact on the amount paid as incomes due to modal
factors

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 Income Benefit
Genius

✓ Guaranteed Income Factors are based on entry age, Premium Paying Term,
Policy Term, Income Pay-out Period, premium amount and option chosen.
✓ Guaranteed Additions (GA) = 15% of Total Annualised Premium paid till date,
will accrue to the Policy at each Policy Anniversary during Premium Payment
Term, provided the Policy is in In-force Status
✓ Wealth Booster = Applicable Guaranteed Wealth Booster Factor x (Guaranteed
Income + Sum of Accrued GA / Income Pay-out Period).

Policy Year under Income Pay-out period

1st to 5th Year 6th to 10th Year 11th to 15th Year 16th to 20th Year
Wealth Booster
Factors 5% 10% 15% 20%
This is strictly for internal circulation to PNB MetLife Employees
 Details of Death Benefit:
Future Secure
In case Life Assured dies during PPT,
• Any installment Premiums which is due after the date of death, shall be waived off and Income Benefit
will be payable as and when due

• A lumpsum amount will be paid immediately on death (Amount payable immediately = SA on Death – PV
of future income)

In case Life Assured dies post PPT,

• Income Benefit due after the date death will be payable as and when due

• A lumpsum amount will be paid immediately on death (Amount payable immediately = SA on Death – PV
of future income)

The policy terminates once all the income benefits are paid during the policy term.

Where, Sum Assured on Death shall be defined as higher of:

(a) 10 times the Annualized Premium or (b).105% of Total Premiums Paid till date of death

This is strictly for internal circulation to PNB MetLife Employees

 Details of Death Benefit:
Child Secure

In this option, the child shall be the Life Assured and the parent or legal guardian of the child shall
be the Policyholder.

In case Policyholder dies before Life Assured,

• On death of the Policyholder during PPT, all Instalment Premiums which is due after the date
of death, shall be waived off.

• On death of the Policyholder post PPT, all future income benefits will be paid as and when due.

In case Life Assured dies before Policyholder,

In such scenario, SA on Death will be payable and the policy shall immediately and automatically
terminate

Where, Sum Assured on Death shall be defined as higher of:

(a) 10 times the Annualized Premium or (b).105% of Total Premiums Paid till date of death

This is strictly for internal circulation to PNB MetLife Employees

 Load Your
Superpowers
Today for your
Geniuses!

45
This is strictly for internal circulation to PNB MetLife Employees
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 Disclaimers

Extract of Section 41 of the Insurance Act, 1938, as amended from time to time states

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

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www.pnbmetlife.com 1800-425-6969

@PNBMetLife @pnb_metlife @PNBMetLife1 @PNB MetLife India Insurance Co. Ltd @PNB MetLife

Registration number 117. CI No: U66010KA2001PLC028883. PNB MetLife Guaranteed Future Plan is an Individual, Non-linked, Non-Participating, Savings, Life insurance plan
(UIN: 117N124V07). Please consult your advisor for more details. Please read this Sales brochure carefully before concluding any sale. 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
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. Phone: 080-66006969, Website: www.pnbmetlife.com, Email:

+91-22-41790203. AD-F/2022-23/739.

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.
 Genius feature
Comparison vs Competition
ABSLI Child’s Future Bharti AXA SUD Life
Features PNB MetLife Genius Plan
Assured Plan Shining Star Aashirwad

Customized Option of lumpsum payout

Option between lumpsum Hyper customization with option to choose
Income Payout Income period for 3, 6 or 9 years or 1 to 5 years as per plan
payout and 5 years income period from 1 – 20 Years
Period option chosen

Throughout the Policy term including Not available during the Payout period for other than Throughout the Policy term including payout
Life Cover
payout period lumpsum benefit period

Inbuilt Waiver
Yes Yes Yes Yes
of Premium

Special Benefit 1.5% Dhanlakshmi Benefit available under

Not Available Not Available Not Available
for Girl Child Child Secure benefit Option

Benefit for
1.5% higher benefit for existing
Existing Not Available Not Available Not Available
policyholders of PMLI
Customers

• Accidental Death and Disability

Rider
• Critical Illness Rider
Additional
• Surgical Care Rider
Benefits/Riders
• Hospital Care Rider
• Waiver of Premium Rider
• Accidental Death Benefit Rider
• Accidental Death and • Additional protection against ATPD if
• Life Hospi Cash Rider
Total & Permanent WOP on ATPD is chosen(Policy continues
• Life Accidental Death
Disability Benefit Rider as it is after WOP is triggered)
Benefit
• Life Family Income Benefit • Accidental Death Benefit Rider Plus
• Life Term Rider
Rider • Serious Illness Rider

This is strictly for internal circulation to PNB MetLife Employees

 Details about
other key
T&C’s

49
This is strictly for internal circulation to PNB MetLife Employees
 Terms and Conditions
Reduced Paid Up (Death)

Death Benefit
❖ Future Secure- On death of Life Assured following benefits would be payable:
o Reduced paid-up income benefits* will be payable as and when due
o Any excess of Reduced Paid-up Sum Assured on Death over the present value of reduced paid-up future income benefits payable
during the policy term, will be payable immediately on death as lumpsum.

❖ Child Secure- The following benefits will be payable on death:

o On death of the Policyholder: Reduced paid-up income benefits* will be payable as and when due. There will no other benefits payable
on death of the Policyholder
o On death of the Life Assured: Higher of Reduced Paid-up Sum Assured on Death or present value of future reduced income
benefits would be payable immediately in lumpsum and the policy will terminate.

• Reduced Paid-Up Sum Assured on Death shall be defined as: Sum Assured on Death x (t/n)

• The present value of future reduced income benefits is calculated using an interest rate of 7% compounded annually. This rate shall remain fixed
for entire policy term.

• “t” refers the Number of Installment Premiums paid and “n” refers the Number of Installment Premiums payable during the PPT.

This is strictly for internal circulation to PNB MetLife Employees

 Terms and Conditions
Reduced Paid Up (Survival)

Income Benefit
Reduced Income benefit will be payable on survival of life assured during policy term of a reduced paid-up
policy, where,

Reduced Income Benefit* = Reduced Paid-up Guaranteed Income + Accrued GA/Pay-out period

Reduced Paid-up Guaranteed Income = Guaranteed Income to be paid during the income pay-out
period x (t/n)

“t” refers the Number of Installment Premiums paid and “n” refers the Number of Installment Premiums
payable during the PPT.

This is strictly for internal circulation to PNB MetLife Employees

 Terms and Conditions
Other

Revival
You can revive your lapsed / Paid-up policy and the riders for its full coverage within five consecutive years from the due date of the first
unpaid premium but before policy maturity, by paying all outstanding premiums along with the interest, as applicable. The interest for
revival of the policy will be charged at market related rates set by the Company from time to time. The Company may change this
interest rate from time to time., the Company charges 8.0% compounded annually interest on revivals.

Exclusion
Suicide exclusion:
If the Life Assured’s death is due to suicide within twelve months from the date of commencement of the risk or from the Date of
Revival of the Policy as applicable, the Nominee of beneficiary of the Policyholder shall be entitled to 80% of the total Premium paid
under the Policy till the date of death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is
in In force status. We shall not be liable to pay any interest on this amount.

For Exclusions Applicable to Waiver of Premium on ATPD, refer sales brochure.

Policy Loan
Policyholder is eligible for loan up to 90% of Special Surrender Value at the end of the relevant Policy Year less any unpaid premiums for
that year and loan interest accrued, if a loan is already existing on the policy, to the end of that year. The rate of interest for your loan
amount shall be prescribed by the Company from time to time. The rate of interest is taken as the 10 Year G-Sec rate plus 250 basis
points rounded up to nearest 50 basis points.

This is strictly for internal circulation to PNB MetLife Employees

 Frequently
Asked
Questions.

53
This is strictly for internal circulation to PNB MetLife Employees
Understanding GENIUS
Benefit Illustration

Let us take an example, Amit, a 35-year male, is looking for a savings plan to fund the educational
requirements for his son, Arjun, aged 3 years. He buys PNB MetLife Genius plan. He has opted for Future
Secure Option, Premium Payment Term 7 years, Pay-out Period 8 years and Policy Term of 15 years.
The annualized premium payable during the Premium Payment Term is Rs. 3,00,000.

Plan Option Future Secure

Additional Benefit None
Income pay-out mode Annual
Income Pay-out Period 8
Employee Policy No
Guaranteed Income Factor 70.57%
Sum Assured on Death in Rs. 30,00,000/-

This is strictly for internal circulation to PNB MetLife Employees

 Understanding GENIUS
Benefit Illustration ❖ Guaranteed Income (Column D)
o Guaranteed Income payable from 8th policy year to 15th policy = Annualized
Premium * Guaranteed Income Factor

A B C D E F G H I J K Guaranteed Income = Rs. 3,00,000 * 70.57% = Rs. 2,11,704

Non-
Guaranteed Guarantee ❖ Guaranteed Additions (Column E)
d o For policy year 6-:
Age of Annualis
Death Benefit (Rs.) #
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Policy the Life ed Min. Guaranteed Additions (column E) = 15% of Total Annualised Premium paid
Guarant Guarantee Wealth (BOY)
Year Assured premiu Income Guarantee Special
(years) m* (Rs.) eed d Booster
Benefit ^
Total
Payable d Surrender
(column C) till date during the premium payment term
Income Additions Addition Death
(Rs.) Immediate Surrender Value (Rs.)
(EOY)(Rs (Rs.) (Rs.)
(EOY)
Benefit
ly on Value (Rs.) (EOY)
Guaranteed Additions = 15% X Rs. 18,00,000 = Rs. 2,70,000
.) (EOY) (EOY) (Rs.) #
death (EOY)
(BOY) ❖ Wealth Booster (Column F)
1
35 3,00,000 0 45,000 0 45,91,192 14,34,494 0 0 o Wealth Booster from 8th policy year to 12th policy year (column F) = Applicable
2 36 3,00,000 0 90,000 0 44,81,606 13,24,909 1,90,429 1,90,429 Guaranteed Wealth Booster Factor x (Guaranteed Income + Sum of Accrued GA /
3 37 3,00,000 0 1,35,000 0 43,64,350 12,07,653 3,38,153 3,38,153 Income Pay-out Period)
4 38 3,00,000 0 1,80,000 0 42,38,885 10,82,188 6,42,833 6,42,833
5 39 3,00,000 0 2,25,000 0 41,04,639 9,47,942 8,21,317 8,21,317 Wealth Booster = 5% X (2,11,704+ 12,60,000/8) = Rs. 18,460
6 40 3,00,000 0 2,70,000 0 39,60,995 8,04,297 10,10,827 11,50,121
7 41 3,00,000 0 3,15,000 0 38,07,295 6,50,598 12,14,024 15,37,867
8 42 0 2,11,704 0 18,460 3,87,665 36,42,837 4,86,140 13,52,067 16,79,015 o Wealth Booster from 13th policy year to 15th policy year (column F) = Applicable
9 43 0 2,11,704 0 18,460 3,87,665 34,94,004 7,24,971 11,04,430 15,95,429 Guaranteed Wealth Booster Factor x (Guaranteed Income + Sum of Accrued GA /
10 44 0 2,11,704 0 18,460 3,87,665 33,61,888 9,80,520 8,58,995 14,85,503 Income Pay-out Period)
11 45 0 2,11,704 0 18,460 3,87,665 32,47,661 12,53,958 6,16,007 13,45,362
12 46 0 2,11,704 0 18,460 3,87,665 31,52,575 15,46,536 3,75,732 11,70,665
13 47 0 2,11,704 0 36,920 4,06,125 30,77,969 18,59,594 1,38,471 9,72,230 Wealth Booster = 10% X (2,11,704+ 12,60,000/8) = Rs. 36,920
14 48 0 2,11,704 0 36,920 4,06,125 30,26,569 22,14,319 0 7,14,589
15 49 0 2,11,704 0 36,920 4,06,125 30,00,000 25,93,875
❖ Income Benefit ( Column G)
o Income Benefit from 8th policy year to 12th policy year (column G) = {Guaranteed Income (column D) + Guaranteed

❖ Total Death Benefit (Column H)
o For policy year 1-:
Total Death Benefit (column H) = Amount Payable immediately on death (column I) in 1st policy
year + All future Income Benefit payable from 8th policy year to 15th policy year (column G)
Total Death Benefit = Rs. 14,34,494 + Rs. 31,56,697 = Rs. 45,91,192
Additions (column E) + Wealth Booster (column F)} / Income pay-out period chosen
Total Income Benefit = (Rs.10,58,522 + Rs. 7,87,500 + Rs. 92,301) /5 = Rs. 3,87,664
o Income Benefit from 13th policy year to 15th policy year (column G) = {Guaranteed
Income (column D) + Guaranteed Additions (column E) + Wealth Booster (column F)} /
Income pay-out period chosen

Total Income Benefit = (Rs.6,35,113 + Rs. 4,72,500 + Rs. 1,10,761) /3 = Rs. 4,06,125
 FAQ’s
Genius

1. What are the allowable relationships as a proposer for Child Secure option in Genius?
Ans: Under this Option, Proposer can be Parent, Grand parents or legal guardian of the Child. Life Assured will always be the Child.

2. Who will get the Death Benefit in case the Life Assured (Child Secure) is a minor at the time of his/her death?
Ans: The Death Benefit will be paid to the policyholder for policies where the Life Assured is a minor at the time of his/her death.

3. What are frequencies available for Income Benefit Pay-out?

Ans: The frequencies available for Income Benefit Pay-out are -: Yearly, Half-Yearly, Quarterly and Monthly.
There are modal factors for income pay-out frequency-:
Income Benefit Pay-out Frequency Income Pay-out Factor
Annual 100% of Annual Amount
Half-Yearly 97% of Annual Amount x ½
Quarterly 96% of Annual Amount x ¼
Monthly 95% of Annual Amount x 1/12
4. What is Waiver of Premium (WOP) on ATPD?
Ans: Waiver of Premium (WOP) on ATPD is an additional benefit where in case of any insured event under ATPD of the policyholder, all future
premiums will be waived off and the future benefits will continue as that in case of an in-force policy.
This additional benefit can be availed at policy inception only.

This is strictly for internal circulation to PNB MetLife Employees

 FAQ’s
Genius

5. Manoj, a 40-year-old male, working for PNB buys Genius- Child Secure plan for his daughter, Meera and has opted for Dhanlakshmi
benefit. He is an existing customer of PNB MetLife with the policy status as in force. What are the additional benefits that can be availed
by him in this policy?
Ans: The additional benefits that can be availed by Manoj are-:
o Dhanlakshmi Benefit- 1.5%
o Employee Benefit of 5% as he works for PNB and has chosen a PPT of 7 years
o Existing Customer benefit – Nil as Dhanlakshmi Benefit is chosen
The total additional benefit that can be availed by Manoj is 6.5%

6. Is there any reduction in the Guaranteed Income Factor if WOP on ATPD is selected?
Ans: Yes, there is a reduction in the Guaranteed Income Factor on selection of WOP on ATPD and is as follows:

Premium Payment Term Future Secure Child Secure

5 0.15% 0.15%
7 0.20% 0.25%
10 0.30% 0.40%

7. Under child Secure Option, can the Proposer become life assured or change the life assured during policy term?
Ans: No, Under Child Secure option, Life Assured is the child from 0 years to 25 years and hence Proposer cannot be Life Assured. Since the
income calculation is based on the age of the child, changing Life Assured in not feasible

This is strictly for internal circulation to PNB MetLife Employees

 FAQ’s
Genius

8. What happens if income period starts, and child is a minor under Child Secure Option?
Ans: If the child is a minor than Policy income shall be paid to the Policyholder till such time child becomes major. Once the child is major, then
income shall be paid to the Child.
In case of unfortunate demise of the policyholder and the child being minor, the income shall be paid to the nominee/beneficiary till child becomes
18 years.

9. Do I have the option to take income for 2 years, stop for another 5 years and then continue with the balance income pay-out?
Ans: No, Income is paid as selected by the customer at inception and shall be paid out at the agreed pay-out frequency to the Life Assured.
Option to take, pause and restart is not available

10. Does customer have option to defer his/ her income benefits and take accumulated income at a later date?
Ans: Yes, customer can choose to defer and accumulate the income option by giving written request to the company 30 days prior to the
subsequent income pay-out benefit during the policy term. The accrued survival pay-outs shall be accumulated monthly at Reverse Repo Rate
published by RBI on its website.
11. Can customer withdraw accrued accumulated survival benefits at any time?
Ans: The Policyholder can withdraw the accumulated accrued survival benefits partly/ fully at any time during policy term.

This is strictly for internal circulation to PNB MetLife Employees