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    Bonus Rates FY 2016-17 - tcm47-63300-v0

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    Abhinav Verma
    This document provides information on bonus rates for the financial year 2016-17 for various participating products offered by PNB MetLife India Insurance Company Limited. It lists the plan names, unique identification numbers, type of regular reversionary bonus (e.g. compound or simple), bonus rates, terminal bonus rates if applicable. The bonus rates shown are to be credited to eligible in-force policies during FY 2017-18. It also notes that the same rates will be used for interim bonuses during the next financial year prior to the annual bonus declaration.

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    Bonus Rates FY 2016-17 - tcm47-63300-v0

    Uploaded by

    Abhinav Verma
    39 views1 page
    This document provides information on bonus rates for the financial year 2016-17 for various participating products offered by PNB MetLife India Insurance Company Limited. It lists the plan names, unique identification numbers, type of regular reversionary bonus (e.g. compound or simple), bonus rates, terminal bonus rates if applicable. The bonus rates shown are to be credited to eligible in-force policies during FY 2017-18. It also notes that the same rates will be used for interim bonuses during the next financial year prior to the annual bonus declaration.

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    Bonus Rates FY 2016-17_tcm47-63300-v0

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    This document provides information on bonus rates for the financial year 2016-17 for various participating products offered by PNB MetLife India Insurance Company Limited. It lists the plan names, unique identification numbers, type of regular reversionary bonus (e.g. compound or simple), bonus rates, terminal bonus rates if applicable. The bonus rates shown are to be credited to eligible in-force policies during FY 2017-18. It also notes that the same rates will be used for interim bonuses during the next financial year prior to the annual bonus declaration.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    39 views1 page

    Bonus Rates FY 2016-17 - tcm47-63300-v0

    Uploaded by

    Abhinav Verma
    This document provides information on bonus rates for the financial year 2016-17 for various participating products offered by PNB MetLife India Insurance Company Limited. It lists the plan names, unique identification numbers, type of regular reversionary bonus (e.g. compound or simple), bonus rates, terminal bonus rates if applicable. The bonus rates shown are to be credited to eligible in-force policies during FY 2017-18. It also notes that the same rates will be used for interim bonuses during the next financial year prior to the annual bonus declaration.

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    BONUS INFORMATION

    Bonus declaration under participating products for the FY 2016-17


    Regular Reversionary Bonus Terminal Bonus
    Plan Name UIN Bonus
    Type Bonus Rate# Start Year
    rate**
    Met 100 Gold Par Regular 117N011V01 Compound 3% 10 15%
    Met 100 Platinum Par 117N012V01 Compound 3% 10 15%
    Met Gold Endowment Par 117N009V01 Compound 3% 10 15%
    Met Platinum Endowment Par 117N008V01 Compound 3% 10 15%
    Met Junior Par Endowment 117N010V01 Compound 3% 10 15%
    Met Suvidha Par-SP, 5P, RP, Rural (Issued Upto 31.5.2010) Compound 3% 10 15%
    Met Suvidha Par-10P (Issued Upto 31.5.2010) 117N017V01 Compound 3% 10 10%
    Met Suvidha Par-SP, 5P, 10P, RP, Rural (Issued after 31.5.2010) Compound 2.5% NA NA
    Met Pension Par-SP,RP,5P,10P 117N019V01 Compound 3.5% 10 25%
    Met Group Savings Plan - Term 5 Simple 2% 5 10%
    Met Group Savings Plan - Term 10 Simple 1.45%
    117N067V01
    Met Group Savings Plan - Term 15 Simple 1.60%
    Met Group Savings Plan - Term 20 Simple 1.80%
    Met Monthly Income Plan 5 PPT 117N050V01 Simple 2.00%
    Met Monthly Income Plan 7 PPT 117N064V01 Simple 1.20%
    Met Monthly Income Plan 10 PPT (old) 117N050V01 Simple 2.10%
    Met Monthly Income Plan 15 PPT 117N070V01 Simple 2.50%
    Met Deferred Monthly Income Plan 117N073V01 Simple 1.20%
    Met Deferred Monthly Income Plan 7 PPT 117N076V01 Simple 1.20%
    MetLife Endowment Savings Plan 5 PPT Simple 2.10%
    MetLife Endowment Savings Plan 10 PPT Simple 1.90%
    117N083V01
    MetLife Endowment Savings Plan Regular Pay(Policy term <=14) Simple 1.90%
    MetLife Endowment Savings Plan Regular Pay(Policy term >=15) Simple 2.30%
    MetLife Monthly Income Plan 10 PPT (new) 117N082V01 Simple 4.20% NA
    MetLife Endowment Savings Plan Plus - 5Pay - Up to Term 15 Simple 3.00%
    MetLife Endowment Savings Plan Plus - 5Pay - Above Term 15 Simple 2.70%
    MetLife Endowment Savings Plan Plus - 7Pay - Up to Term 15 Simple 2.45%
    MetLife Endowment Savings Plan Plus - 7Pay - Above Term 15 Simple 2.60%
    117N099V01
    MetLife Endowment Savings Plan Plus - 10Pay - Up to Term 20 Simple 2.70%
    MetLife Endowment Savings Plan Plus - 10Pay - Above Term 20 Simple 2.90%
    MetLife Endowment Savings Plan Plus - RP - Up to Term 15 Simple 3.00%
    MetLife Endowment Savings Plan Plus - RP - Above Term 15 Simple 2.90%
    MetLife Bachat Yojana 117N088V01 Simple 2.10%
    MetLife College Plan Up to Term 18 Simple 2.10%
    117N087V01
    MetLife College Plan Above Term 18 Simple 2.50%
    MetLife Bhavishya Plus Up to Term 18 Simple 2.10%
    117N089V01
    MetLife Bhavishya Plus Above Term 18 Simple 2.50%

    Notes:
    # In case compound reversionary it is expressed as a % of Sum assured plus accrued bonus (i.e. bonus already credited to the policy till date). In case
    of Simple reversionary bonus ,it is expressed as % of Sum assured only.
    ** It is expressed as % of accrued reversionary bonus only
    The above bonus rates have to be credited to all eligible policies (refer the respective policy terms & conditions) on the policy anniversary falling
    during the FY 2017-18, provided the policy is in-force. All other terms & conditions for the bonus eligibility shall remain same.
    It may also be noted that the same rates will be used for making the interim bonus during the inter-valuation period ( i.e. time period during the
    next FY but before the bonus declaration).
    The bonus rates shown are specific to the years mentioned and are not indicative of bonus rates that may be declared in future

    PNB MetLife India Insurance Company Limited, IRDA of India Registration number 117. CI No. U66010KA2001PLC028883. Registered office: Unit No. 701, 702 & 703, 7th
    Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001. Call us Toll-free at 1-800-425-6969, Website: www.pnbmetlife.com, Email:
    [email protected]. or write to us 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai 400062. Phone: +91-22-
    41790000, Fax: +91-22-41790203
    The marks PNB, , and MetLife are the 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

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