PNB Metlife Super Saver Plan

Apart from the above facilities and benefits, this plan has presented a bunch of special advantages and features that have made the plan unique and popular among consumers. The mentions of those features are as follows. Bonus Options: The policyholder shall have the option to choose the following bonus options at the inception of the policy:

• Option 1: Accumulation: Simple Reversionary Bonus, if declared, will accrue throughout the Policy Term and is paid as a lump sum on the Maturity Date or death (except in Plan option 2: Savings + Family Care), whichever is earlier. For Savings + Family Care option, after the death of the Life Assured, the Simple Reversionary bonus, if declared, shall be accrued and paid along with the Maturity benefit.

• Option 2: Liquidity: The followings are available.

1. 1. Simple Reversionary Bonus, if declared, accrues during Premium Payment Term and is paid at the Maturity Date or death (except in Plan option 2: Savings + Family Care), whichever is earlier. For Savings + Family Care option, after the death of the Life Assured, a Simple Reversionary bonus, if declared, shall be accrued during the premium payment term and paid along with Maturity Benefit.

1. 2. Cash bonus, if declared, will be paid at the end of each Policy Year after the expiry of the Premium Payment Term till the Maturity Date or death (except in Plan option 2: Savings + Family Care), whichever is earlier. For Savings + Family Care option, after the death of the Life Assured Cash bonus, if declared, shall continue to be paid till Maturity.

Waiver of Premium Benefit: The followings are available.

• Plan Option 1: Savings – Waiver of Premium benefit is not applicable under this plan option.

• Plan Option 2: Savings + Family Care – In case of death of the Life Assured while the Policy is In-force status, the following benefits will be payable:

1. 1. Sum Assured on death will be paid as a lump sum on the death of the life assured

1. 2. No future premiums shall be payable after the death and

1. 3. Maturity benefits (including all bonuses if declared) will be payable as mentioned in the Death Benefits section.

• Plan Option 3: Savings + Health Care – If the Life Assured is diagnosed to be suffering from any of the covered 35 Critical Illnesses while the Policy is in In-force status, all future premiums that would otherwise have been payable under the base policy shall be waived for the remainder of the premium payment term subject to a waiting period of 90 days (from the later of the Date of Inception of the Policy or the date of the last revival of the Policy, as applicable).

Loan Facility: You may take a loan against your policy once it acquires a Surrender Value. The maximum amount that can be availed is 90% of the Special Surrender Value of your policy at the end of the relevant Policy Year less any unpaid premiums for that year and loan interest accrued, if a loan already exists on the policy, to the end of that year. Rider Benefit: To safeguard your family against certain unfortunate events, you can opt for the following riders by paying a little extra premium:

PNB MetLife Accidental Death Benefit Rider Plus	This Rider provides additional protection over and above the death benefit under this Policy in the event of the death of the Life Assured in an accident.
PNB MetLife Serious Illness Rider	This rider provides additional protection over and above the Death Benefit under this Policy in the event of the Life Assured being diagnosed with any of the 10 critical illnesses.

Policy in reduced paid-up value:

The policy acquires Surrender value if all due installment premiums for the first two consecutive years are paid. If the policy has acquired a surrender value and no future premiums are paid, the policy will continue as a Reduced Paid-Up policy with reduced benefits unless the policy is surrendered. If you continue the policy as a Reduced Paid-Up policy, the reduced benefits are payable as given below:

• Death benefit – For Savings and Savings + Health Care option, Sum Assured on Death as mentioned in the Death Benefits section x (Number of Installment Premiums paid / Number of Installment Premiums payable during the Premium Payment Term); Plus, the sum of all accrued Simple Reversionary Bonuses, if declared. At any point in time, the minimum death benefit shall be 105% of total premiums paid up to the date of death. For Savings + Family Care option, Sum Assured on Death as mentioned in the Death Benefits section x (Number of Installment Premiums paid / Number of Installment Premiums payable during the Premium Payment Term).

• Maturity benefit – Sum Assured on Maturity x (Number of Installment Premiums paid / Number of Installment Premiums payable during the Premium Payment Term); Plus, the sum of all accrued Simple Reversionary Bonuses, if declared, added till the date of Reduced Paid-up Status.

• Critical illness – For Savings + Health Care option, if critical illness occurs when the policy is in Paid-up status, Waiver of premium benefit shall not be applicable.

Revival:

If your policy is lapsed or paid-up condition, you can revive the policy during the revival period by paying the arrears of premiums along with interest at the prevailing rate of interest if any. If the base plan is revived, rider benefits can be revived by paying the arrears of premiums under the riders along with interest payment at the prevailing rate of interest.