• PNB Life Insurance

    PNB Life Insurance

    About PNB Life Insurance

    A highly ranked insurance company in Philippines, PNB Life Insurance is one of the new generation insurance companies tracing back its history to the erstwhile New York Life Insurance Philippines, Inc. PNB today is a vibrant company strengthened by multiple mergers and acquisitions in the last decade or so. The group provides a multitude of traditional and new age insurance products complemented by investment only options. PNB has Regional Business Centers(RBC’s) in towns and cities across the island nation to serve customers in every corner.

    Life Insurance Products Offered by PNB in Philippines

    Owing to its expertise in the life insurance segment, PNB administers category based insurance products as below.

    Category Products
    Protection Premier Life
    Endowment
    • Vertex
    • Opulence
    • Peso Intensify !
    • Hero
    • Bida
    Investment
    • Optimum Gold
    • Optimum Green
    • Diversify
    • Optimal Power
    • Maximal Power(Peso)
    • Maximal Power(Dollar)
    • Optimax Gold
    • Optimax Green

    Features and Benefits of PNB Life Insurance

    Protection

    Premier Life

    A traditional whole life insurance plan that comes in currency options of Peso and Dollar providing protection up to the age of 100.

    • This is a participating whole life insurance option that earns dividends at regular intervals and assures guaranteed cash values over a period of time.
    • The issue age ranges from 7 days old up to the age of 70 years, ensuring insurance cover for nearly all age groups.
    • This plan is available in Quarterly, Half Yearly & Yearly modes of payment extending the convenience of making premium payments as desired.
    • A host of riders offering additional protection can be added to the existing cover to enhance the protection value.

    Endowment

    1. Vertex
    2. A short term endowment plan that lets you enjoy maturity benefits with guaranteed protection for twelve years.

      • Vertex come in two plan types, Band 1 and Band 2. Both plans come with a payment term of 4 years differentiated by the premium value.
      • The issue age starts at 7 days up to a maximum of 60 years, ensuring life coverage for all.
      • Enjoy early cash payout of 4% of the face amount at the end of 4th, 8th and 12th policy years. This benefit ensures periodic returns for your investment.
      • It also offers you rider options such as the Flexi-fund Rider (FFR) and Living Benefit Rider (LBR) to enhance the protection value.
    3. Opulence
    4. A 4 year pay insurance plan offered in two plan types - Opulence Dollar Prima and Opulence Dollar Ultima. Both these options are 12 year participating endowment plans which provide fixed protection during the policy period.

      • Guaranteed cash disbursals of 4% of the policy amount in US$ upon conclusion of 4th, 8th and 12th policy years.
      • Convenience of making premium payments in yearly or half yearly modes for 4 years with minimum premium values based on the described age bands.
      • Minimum issue age starts at just 7 days with an upper cap of 60 years, ensuring cover for all age groups.
      • Option to enhance coverage by means of an exclusive rider option - Flexi-fund Rider (FFR).
    5. PNB Life Peso Intensify
    6. A comprehensive life insurance plan which offers dynamic insurance protection coupled guaranteed cash payouts at periodic intervals during the policy term. This endowment plan also guarantees a lump sum payment when the insured reaches 85 years.

      • This plan is available in 4 different plan types starting from 4 year payment option up 10 years with unique Minimum Face Amount for each plan type.
      • Enjoy cash payouts starting from the end of the 10th year(10% of the face amount) and subsequent cash payouts at the rate of plus 1% every 3 years until the end of 25th policy year.
      • Receive a Death Benefit of up to 220% of the policy amount, depending on the policy period with a minimum sum assured of 100% during the first year.
      • In addition, enjoy non-guaranteed dividends payable throughout the policy term which helps in making more out of your initial investment.
    7. Hero
    8. A short term endowment life insurance plan which provides protection for a period of 10 or 15 years, depending on the coverage option chosen. The premium is payable only for the first 5 years.

      • The Hero life insurance cover is offered in two plan types - Hero 10 and Hero 15 with a protection period of 10 and 15 years respectively.
      • Total payable benefits upon death of the insured will be 100%, plus accumulated dividends.
      • This plan assures cash values and also earns dividends over a period of time.
      • This issue age starts at just 7 days(age of the insured) with an upper cap of 70 years.
      • Minimum policy amount is P250,000 ensuring the best protection which can be enhanced by addition of a host of rider options.
    9. Bida!
    10. An extremely affordable participating endowment life insurance plan that provides the best protection for 10 or 15 years with premium payments for 3 years only.

      • This plan is available in two plan types - Bida! 10 and Bida! 15, providing a protection of 10 and 15 years respectively. The former offers a maturity benefit of 110% while the latter provides 115% of the policy value.
      • This policy is open for people between the age group of 7 days to 70 years with a minimum policy amount of P250,000.
      • A Death Benefit of 100% plus accumulated dividends is provided upon payment of premium for 3 years only.
      • Choose from a host of available Rider Options to intensify the policy cover.

    Investment

    1. Optimum Gold
    2. A whole life insurance plan whose value is linked to the the designated market fund that guarantees at least 125% insurance protection upon payment of a one time premium along with flexible midterm investment options.

      • The minimum investment is P75,000 for people falling in the age bracket of 0-40 and P90,000 for ages above 40 years with flexibility to invest as desired with the top up option.
      • This policy allows you to withdraw an amount of your choice from the underlying funds anytime. Partial withdrawals are also allowed with 4 free withdrawals during every policy year.
      • Hassle free application process as no Medical Examination is required during policy underwriting.
      • Flexibility to choose an investment fund of your choice and a Loyalty Bonus of 0.5%(of average monthly balance) will be added to your fund every 5 years.
      • Freedom to move monies to a different or combination of funds with a cap of two free switches for every policy year.
    3. Optimum Green
    4. This investment option is a single pay, US Dollar plan whose value is directly linked to the performance of the underlying fund. The Optimum Green plan guarantees insurance protection of at least 125% of the invested value and assures periodical returns.

      • The minimum investment for people falling in the age group 0-40 is $2,500 and $4,000 for all other ages.
      • Be a self driven investment manager with flexibility to make top ups in the tune of $400 and be assured of an automatic increase in Sum Assured by 125% of the topped up amount.
      • The Optimum Green Policy extends the option of withdrawing monies from the funds as you wish at 4 free withdrawals during each policy year. The lower cap on the withdrawal amount is $200.
      • Hassle free application process as no Medical Examination is required as a part of the underwriting process.
      • Since this policy is a US Dollar denomination plan, your monies will be invested in USD based instruments issued in both public and private space. As a privileged policyholder, you receive a loyalty bonus of 0.50%(determined on the average monthly balance) for every 5 years of policy existence.
    5. Diversify
    6. Along with offering an insurance protection of 5 times the annual regular premium, this policy plan also doubles up as investment opportunity where monies are carefully invested by expert fund managers across sectors. This policy is whole life regular pay option whose value is directly linked to the performance of the designated fund.

      • Dual currency options of Peso and US Dollar with a minimum investment requisition of P15,000/$400 for people in age band of 0-40 and P20,000/$500 for ages above 40.
      • Flexibility to pick and invest in a fund of your choice. PNB maintains a portfolio of over 6 diversified fund options.
      • Be a self styled fund manager with the option to Top Up the amount as per your convenience. The min. cap for Peso policy is P20,000 and $400 for a USD based policy. The advantage of Top Ups is that it increases the Sum Assured by 125% of the amount.
      • Rejig your portfolio as you want with the option to switch and reshape your portfolio as you like. The min. amount required for switching over is P10,000 and $200, based on the currency denomination chosen. 2 free switches can be availed during a policy year.
      • With 4 free withdrawals option, you can encash any amount from the fund, anytime during the year. The min. amount withdrawn should be at least P10,000/$200.
    7. Optimal Power
    8. An investment linked whole life insurance plan which extends protection of at least 125% of the investment value along with flexibility to choose a currency of your choice, Peso or USD. As your investment is directly linked to the fund, returns multiply with passing time.

      • The minimum investment for people in the age band of 0-40 years is P75,000/$2,500 and for all others ages, it is P90,000/$4,000.
      • Choose to make Add On investments as you like with the option of Topping Up the fund with a min. of P20,000/$400, depending on the currency denomination chosen at the time of inception.
      • Flexibility to make partial withdrawals from the fund anytime during the policy year. The policy remains active as long as there is sufficient amount in the fund to cover the monthly charges. The policy holder gets 4 free withdrawals in a policy year.
      • Option to alter the level of protection with Leave Death Benefit or Increasing Death Benefit based on your preference.
      • Pick an investment fund from a choice of 6 options and also receive a loyalty bonus of 0.50% of the average monthly balance credited to your fund every 5 years.
      • Reshape your investment portfolio by switching over to a different type or combination of funds. A maximum of 2 free switches are allowed in a policy year.
    9. Maximal Power Peso
    10. An investment linked whole life insurance plan that combines the benefits of life protection and solid returns as its value is directly linked to the performance of the underlying fund. Get a security of having insurance protection of 130%(minimum) of the investment value.

      • A single pay, Peso denominated plan that is customizable as desired. It offers two levels of protection - Level Death Benefit & Increasing Death Benefit. While the former helps increasing your investment potential, the latter ensures the best insurance protection.
      • Flexibility to pick your choice of investment from the fund options available. Choose a single fund or a combination with allocation value equivalent to at least 10% of the single premium.
      • When you make an application, no upfront premium charges will be deducted from your account. This feature helps in exposing the entire investment to achieve better returns while keeping the life insurance coverage component intact.
      • The coverage this product offers makes it one of the best in the market today. It provides a minimum cover of 130% stretching up to 150% of the single premium value you invest. The cover value is dependent on the investment fund chosen.
      • Flexibility to switch funds during the policy run period for a fee of just P1,000 or 1 percent of the switched value, whichever is greater. Also receive a loyalty bonus of 0.50 percent every 5 years on the basis of average monthly balance maintained in the preceding year.
    11. Maximal Power Dollar
    12. A US Dollar denominated whole life insurance policy directly linked to the performance of the chosen fund which provides an assured coverage of at least 130 percent of the invested amount. A one time investment, single premium plan that is available for age groups between 0 to 70 years.

      • Investment amount starts at $50,000 through a single premium which will be reinvested in expertly managed funds.
      • A single pay, Peso denominated plan that is customizable as desired. It offers two levels of protection - Level Death Benefit & Increasing Death Benefit. While the former helps increasing your investment potential, the latter ensures the best insurance protection.
      • PNB ensures your money is invested in the best of US$ denominated instruments issued by government agencies, financial institutions & corporations helping you to grow income over a period of time.
      • When you apply for this policy, no upfront premium or fee is deducted from the investment amount so that you get maximum returns while you enjoy preferential insurance coverage.
      • The coverage this product offers makes it one of the best in the market today. It provides a minimum cover of 130%, stretching up to 150% of the single premium value you invest, plus a loyalty bonus of 0.50% of the monthly average balance every 5 years.
    13. Optimax Gold
    14. A single pay whole life insurance plan which guarantees life coverage of at least 130 percent of the invested amount and derives its value from the underlying fund. The Optimax Gold is a one time investment policy through a single premium that starts at P2.0 million.

      • No premium charges are deducted upfront aiding accumulation of fund value faster while you continue enjoying preferential insurance cover right from day one. This policy is available for ages 0 to 70.
      • A maximum death benefit of 150% of the invested value is provided depending on the age bracket with a minimum benefit of 130 percent applicable for all age groups. Freedom to withdraw an amount of your choice from the fund anytime for payment of nominal fees.
      • An easy-to-obtain policy that comes with no frills of medical exams at the time of underwriting.
      • Flexibility to pick a fund of your choice from a 6 varied investment options linked to the market. Freedom to switch between funds to reshape your portfolio for a minimal fee of P1,000 or 1% of the amount switched, whichever is greater.
      • A loyalty bonus equivalent to 0.50% of the average of monthly balances is disbursed every 5 years and added to the fund.
    15. Optimax Green
    16. A US$ whole life insurance plan where you can invest one time by means of a single premium starting at $50,000 and above. This plan assures good returns as the amount invested is directly linked to the performance of the designated fund.

      • Since no premium charges are deducted from your investment during applicant, your initial investment is fully pooled into the designated fund, thus ensuring best returns while you continue enjoying full life coverage right from day one.
      • You can be assured of endorsement acceptance by PNB since no medical examination is required at the time of underwriting which makes this a no-frills policy.
      • The invested amount is carefully invested in US$ denominated instruments issued by government agencies and private institutions.
      • Optimax Green assures a minimum death benefit of 130 percent(invested amount) with an upper cap of 150%, depending on the age band.
      • Freedom to withdraw from the fund as you wish for a min. fee and a loyalty bonus equivalent to 0.50 percent of the average monthly balance every 5 years adds as an incentive to the existing benefits.

    News About PNB Life Insurance

    • Allianz acquires 51 percent of PNB Life Insurance

      Allianz SE, the German Insurer, has recently acquired 51 percent of PNB Life Insurance Inc., a subsidiary of PNB (Philippines National Bank). This new joint venture will be called the ‘Allianz – PNB Life Insurance Inc.’ and Olaf Kilesow will be the CEO. PNB Life is one of the largest insurer in the country and last year, PNB had sold the shares of PNB Life Insurance to Allianz. The bank said that this venture is a 15 year bancassurance agreement and it will give Allianz access to over 4 million customers in the country.

      8th June 2016

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