PNB MetLife strengthens its online product portfolio with MetLife Mera Wealth Plan (ULIP)

  • Flexibility in terms of premium payment and payout options
  • Loyalty additions from 6th year onwards till maturity
  • Protection and investment plan with competitive returns to achieve long-term financial goals of the customers
  • Provides choice in investments based on customers’ risk appetite
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NewZNew (Chandigarh) : PNB MetLife, among India’s leading private life insurers, announced the launch of its first online ULIP – MetLife Mera Wealth Plan a comprehensive and flexible online ULIP. The product offers multiple options to help plan for long-term investment goals or protection needs of customers linked to retirement, child education, or any other need-based requirement.


With flexibility at its core, MetLife Mera Wealth Plan provides multiple premium payment options for the customer. In addition, MetLife Mera Wealth Plan provides Loyalty Additions every year from end of 6th policy year till maturity. Customers can also choose between either Self-managed or Systematic Transfer Option based on their risk appetite.

Speaking on the launch, Niraj Shah, CFO, PNB MetLife said, “At PNB MetLife, we have always designed our products keeping in mind the diverse and changing needs of our customers. MetLife Mera Wealth Plan therefore, is an ideal value proposition because it provides the customer a great deal of flexibility to create his/her financial plan for wealth creation over long-term, while providing protection.”

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“This product provides flexibility of paying premiums with the freedom to choose the structure of payouts. It also provides customers the option of investing their premium among six funds with the flexibility of redirecting future investments depending on the changing risk profile and market conditions. The extra advantage this product provides is Loyalty Additions every year after the policy completion of six years,” he further added.

Key features of MetLife Mera Wealth Plan (MMWP):

  • Pay as you like:
    • Select the duration of premium payment: Single Pay, 5 Pay, 10 Pay or Regular Pay
    • Choose between two plan options: Premier or Online
Premium Payment Type Premium Payment Term



Policy Term


Single Pay One pay 10 to 20
5 Pay 5 10 to 20
10 Pay 10 11 to 30
Regular Pay 10 to 30 10 to 30

 Create your own wealth plan: Select an investment option of your choice from

    • Self-Managed Option: Manage your investments directly.
    • Systematic Transfer Option: Eliminate the need to time your investments in the market.
  • Get value for your investments: Get Loyalty Additions every year from end of 6th policy year till maturity for both premier and online options
Annualized Premium < Rs. 5 Lakh Annualized Premium >= Rs. 5 Lakh
Policy Year/ Fund Flexi Cap & Multiplier III Balancer II, Preserver II , Protector II & Liquid Fund Flexi Cap & Multiplier III Balancer II, Preserver II , Protector II & Liquid Fund
6 – 9 0.4% 0.3% 0.5% 0.4%
10-19 0.9% 0.7% 0.9% 0.7%
20-30 1.0% 0.8% 1.0% 0.8%
  • Receive payouts as you like: Get a lump sum at maturity or opt for structured payouts
  • Protect your family: Get higher of Sum Assured and Fund Value on untimely demise
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