PNB MetLife India Insurance Company Limited.(Insurance...

PNB MetLife India Insurance Company Limited.(Insurance Regulatory and Development Authority Life InsuranceRegistration No. 117) Registered Office: ‘Brigade Seshamahal’, 5, Vani Vilas Road, Basavanagudi, Bangalore - 560 004,

www.pnbmetlife.com, Fax: +91-80-4150 6969

1 ustomer Service Toll Free: 1800-425-6969, OR Call on: +91-80-2650-2244 (8:00 am to 8:00 pm) Mail us at [email protected]

Version 1.0

D D M M Y Y Y Y

PORTFOLIO BALANCING FORM

1. Policy No.: Date: 2. Product Name:

3. Name of the Policyholder : Mr. Mrs. Ms. Dr.

F I R S T N A M E M I D D L E N A M E S U R N A M E

4. *Mobile No. *Email ID: *Mandatory

I. AUTO REBALANCING RELATED

A) OPT IN OPTION : In case you wish to opt in for Auto Rebalancing Option, Choose the fund allocation proportion and Rebalancing trigger event below-

Flexi Cap Protector II Total*%

Please note- Minimum Allocation in any fund has to be 20% *Total should always add up to 100% Choose the rebalancing trigger event (as % of Fund Value) 10% 15% 20% 25%

B) OPT OUT OPTION: In case you wish to opt out of Auto Rebalancing Option, choose any one of the following-

1. Do you wish to keep existing fund value and allocation proportion (%ge)? Yes No

2. Do you wish to change the existing fund value and allocation proportion (%ge)? Yes, as indicated below-

Fund Switch details (Fund switch will change the allocation of the existing funds)

SWITCH FROM SWITCH TOFund Options % Allocation Fund Options % Allocation

Preserver II* Preserver II*Protector II* Protector II*Balancer II* Balancer II*Multiplier II* Multiplier II*Virtue II* Virtue II*Flexi Cap* Flexi Cap*

Total 100%

Premium Redirection details (Premium Redirection will change the fund allocation for future regular premiums.

Fund Options % Allocation Multiplier II*Preserver II* Virtue II*Protector II* Flexi Cap*Balancer II* Total 100%

*Minimum Allocation in any fund has to be 20% *Total should always add up to 100%




Version 1.0

C) MODIFICATION: In case you wish to modify the existing Allocation Proportion and trigger events for rebalancing, please indicate below-

Flexi Cap Protector II Total*%

Please note- Minimum Allocation in any fund has to be 20% *Total should always add up to 100% Choose the rebalancing trigger event (as % of Fund Value) 10% 15% 20% 25%

II. STOP LOSS RELATED

A) OPT IN OPTION : In case you wish to opt in for Stop Loss Option, choose the trigger event below-

Choose the Trigger event (% of Net Asset Value (NAV) of Flexi Cap Fund) 10% 15% 20% 25% 30%

i) If current fund value and allocation is less than 50% in Flexi Cap fund#, please fill the following details-

Fund Switch details (Fund switch will change the allocation of the existing funds)

SWITCH FROM SWITCH TO

Fund Options % Allocation Fund Options % AllocationPreserver II* Preserver II*Protector II* Protector II*Balancer II* Balancer II*Multiplier II* Multiplier II*Virtue II* Virtue II*Flexi Cap* Flexi Cap*

*Minimum Allocation in any fund has to be 20% Total 100%


Fund Options % Allocation Multiplier II*Preserver II* Virtue II*Protector II* Flexi Cap*Balancer II* Total 100%

*Minimum Allocation in any fund has to be 20% *Total should always add up to 100%

#Please Note- If the Fund Value % age / Premium allocation (redirection) % age of Flexi cap fund is less than 50 % then stop loss will not be allowed.

ii) If current fund value and allocation is more than 50% in Flexi Cap fund and you wish to make changes to the same, please fill the above provided Fund Switch and Premium Redirection grids in A i) above.

B) OPT OUT OPTION: Do you wish to opt out of STOP LOSS option? No Yes If yes, choose any one of the

following-

a. Do you wish to keep the existing fund value and allocation proportion (%ge)? Yes No

b. Do you wish to change the existing fund value and allocation proportion (%ge)? Yes, as indicated below-


Version 1.0


www.pnbmetlife.com, Fax: +91-80-4150 6969 Fund Switch details (Fund switch will change the allocation of the existing funds)

SWITCH FROM SWITCH TO

Fund Options % Allocation Fund Options % AllocationPreserver II* Preserver II*Protector II* Protector II*Balancer II* Balancer II*Multiplier II* Multiplier II*Virtue II* Virtue II*Flexi Cap* Flexi Cap*

Total 100%


Fund Options % Allocation Multiplier II*Preserver II* Virtue II*Protector II* Flexi Cap*Balancer II*

Total 100%*Minimum Allocation in any fund has to be 20%

*Total should always add up to 100%

C) MODIFICATION: In case you wish to modify the trigger event for stop loss option, please indicate below-

Choose the Trigger event (% of Net Asset Value (NAV) of Flexi Cap Fund) 10% 15% 20% 25% 30%

Signature of Policyholder:

Place: Date:

Please Note:

AUTO REBALANCING-

1. Auto rebalancing option is currently available only with the following Plans- Met Smart Platinum, Met Smart

One and Met Easy Super. 2. Policy should be in active state. 3. The minimum allocation should be 20% in either of the funds (Flexi Cap & Protector II) and total of both the Funds

should always be 100%.


Version 1.0



4. Depending on the rebalancing trigger level chosen (10%/15%/20%/25% increase or decrease in the Single Premium Fund Value or Top-Up Premium Fund Value), the proportion between Flexi Cap and Protector II will be automatically readjusted to the fund mix as chosen by You, without the application of any charges.

5. The fees/charges as applicable for auto rebalancing/stop loss shall be charged as per the method and rates stated in policy document.

6. You may change the proportion between Flexi Cap Fund and Protector II Fund once every Policy Year free of charge. Any subsequent change in proportion in the same Policy Year will be charged as per the miscellaneous charges mentioned in Section 3 of the Schedule of your Policy Document unless the changes are made through our Policyholder portal

7. You may opt into this strategy once in a Policy Year free of charge and may opt into the self managed option wherein you will be required to choose the allocation proportion between various Unit Linked Funds. If you cho ose to opt for this strategy again in the same Policy Year, the miscellaneous charges mentioned in Section 3 of the Schedule will be applied.

8. In case of any change in the ratio of Flexi Cap and Protector II your existing fund value will change in same ratio. 9. No Switching or Premium Redirection will be allowed while Auto Rebalancing option is active, however in case you

decide to opt out of the strategy, you may opt for Premium Switching and Premium Redirection. 10. This option will not be available if you are currently invested in NAV Guarantee Fund (NGF). 11. This option will not be available if you have opted for Stop Loss Strategy.

STOP LOSS-

1. Stop Loss option is currently available only with the following Plan- Met Smart One. 2. Policy should be in active state. 3. Minimum required fund allocation in Flexi Cap fund is 50%. 4. If you have opted for the Stop Loss Option, the Single Premium and any Top-Up Premiums received will be

invested as per the premium redirection allocation % age selected. 5. In case of Opt in option, less than 50% needs to be allocated in Flexi Cap fund; premium redirection and fund

switch request will be considered as a regular request. Pls refer to charges in Product Terms and Conditions 6. If the Stop Loss level chosen by You (10%/15%/20%/25% or 30% of the NAV of Flexi Cap Fund), as applicable,

is reached, all the Units in the Flexi Cap Fund shall be automatically switched into the Protector II Fund without the application of any charges.

7. Any subsequent change to the Stop Loss level or re-commencement of this strategy or change in base NAV, or change in Stop Loss percentage in the same Policy Year other than the first change, will be charged as per the miscellaneous charges mentioned in Section 3 of the Schedule, unless the changes are applied through o ur online policyholder portal.

8. In case stop loss is activated, you will be allowed to switch among other funds (excluding Flexi Cap Fund). 9. This option will not be available if you have opted for Auto Rebalancing Strategy.

OTHERS-

The unit prices on the corresponding valuation date falling immediately on or after the date of receipt of this request at MetLife’s designated office will be used - If the request is received on or before 15:00 hrs on a business/working day, the corresponding valuation date will

be the same business/working day - If the request is received after 15:00 hrs on a business/working day, the corresponding valuation date will be the

next business/working day If there is no valuation done on a business/working day, the above mentioned valuation date is the date when the next valuation is done.

You are requested to refer to your respective Policy Terms & Conditions for detailed information on the features

/options mentioned hereinabove.

PNB MetLife India Insurance Company Limited.(Insurance...

Documents

Transcript of PNB MetLife India Insurance Company Limited.(Insurance...