Century Plan

An Individual, Non-linked, Participating, Savings, Life Insurance Plan

UIN: 117N129V02

LIFELONG
INCOME
TILL AGE 100 LEAVE A
LEGACY FOR
YOUR LOVED
ONES
Future
Income
Option

FLEXIBILITY TO
ACCUMULATE &
TAX
BENEFIT*
WITHDRAW
BENEFITS INCOME TILL 100.
STARTING NOW.
PARTIALLY
OR FULLY

Key Benefits - Future Income Option

Cash Bonus Guaranteed Cash Choose maturity option: Protection for Option to Flexibility2 to
from 15th year Bonus @30%1 during up to age 100 or your family accumulate your choose Date
fixed income period up to age 80 Survival benefits of payout

*Tax benefits are as per Income Tax Act, 1961, & are subject to amendments made thereto from time to time. 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.
1
Minimum cash bonus is guaranteed @30% of Annualized premium for Fixed Income Payout period under Future Income Option when Family Care Benefit is not opted, and
@10% of Annualized premium when Family Care is opted.
2
Policyholder cannot choose the date preceding the due date of the income payout.

Plan at a glance

Premium Family Care

Particulars Future Income Option
Payment Term Option
Maturity Option 1: 80 minus Age at entry;
Policy Term All With/Without
Maturity Option 2: 100 minus Age at entry
Premium Payment Term (years) With/Without 8, 10, 12, 15

Minimum Age at Entry # All Without 0 (30 days)

(years) All With 18
8 55
Maximum Age at Entry# Without
(years)
10, 12, & 15 60
8, 10, 12, & 15 With 50
Minimum Annualized 8 60,000
With/Without
Premium (Rs.) 10, 12, & 15 24,000
#
All reference to age is as on age last birthday. For policies issued to minor lives the risk cover starts immediately at inception. Also, in case the life assured is a minor, the
policy will vest with the life assured when the life assured attains an age of 18 years.
 How does the plan work?
Sachin, aged 45 years wants to secure an income for his retirement years. He opts for “PNB MetLife Century Plan” and
chooses “Future Income” option with premium payment term of 10 years, policy term ‘up to age 100’ and chooses annual
mode of income payout. He decides to pay a yearly premium of Rs. 100,000 (exclusive of Goods and Service tax), assuming
that he is in good health.

Maturity Benefit of
Rs. 39,40,000 @ 8%~
and Rs. 11,00,000 @ 4%~

Survival Benefit (in the form of cash bonus, if declared)

payable every year

Min Guaranteed cash bonus @ 30%

of Annualized premium of Rs 1 Lakh Non-Guaranteed
Simple reversionary bonus will and Non-Guaranteed Cash bonus of Cash Bonus of
accrued from Rs. 66,850 @8% Rs.500 @4% Rs. 1,04,853 @8% &
1st policy year to 14th policy year Rs. 500 @4% 45th
Fixed Income of Rs. 8,003 @ 8% year onwards
for 30 years & Rs. 4, 013 @ 4%

Year 0 1 2 3 4 9 14 15 45 55 (age 100)

Total Benefit received till Maturity (Rs.) Terminal Bonus## (if declared) of
@8% @4% Rs 28.9 Lakh @8%
Sachin pays annualized premium of Rs 50,000 @4%
Rs. 1,00,000 p.a. for 10 years. 82,38,950 21,40,900

In case of unfortunate demise of Sachin in the 20th policy year his nominee shall receive lumpsum Death
benefit of Rs. 14,76,930 @ 8% and Rs. 11,91,820 @ 4%.

##
Terminal Bonus, if declared is included in the Maturity Benefit shown in the illustration. ~The above illustration has been determined using assumed investment returns at 4%
and 8% respectively. Assumed rate of returns are not guaranteed and these are not the upper or lower limits. The risk factors of the bonuses projected under the product are
not guaranteed. Past performance doesn’t construe any indication of future bonuses. The product is subject to the overall performance of the insurer in terms of investments,
management of expenses, mortality and lapses. PNB MetLife India Insurance Company Limited, Registered address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja
Towers, 26/27 M.G. Road, Bangalore -560001, Karnataka. IRDAI Registration number 117. CI No: U66010KA2001PLC028883. Benefit option, chosen at inception, cannot be
altered during the term. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding any sale. This version of the
document invalidates all previous printed versions for this particular plan. Trade Logo displayed above belongs to Punjab National Bank and Metropolitan Life Insurance
Company and used by PNB MetLife India Insurance Company Limited under License. Email: [email protected] or Write to us: 1st Floor, Techniplex -1, Techniplex
Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. AD-F/2024-25/829.
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS / FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a
police complaint.