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    LONG TERM SAVINGS

    Find out the 5 Best Long Term Investment Options in India | PNB MetLife

    Last Updated On 28-07-2020

    Money changes hands quickly, so the faster you make efforts to save it, the better it is for you. Making a long-term investment can be seen as a crucial step in that direction. Such investment compounds your money over a period of time to offer a good return on investment (ROI). Another important aspect of long-term investment is that it instils a habit of regular savings, thereby making you a disciplined investor.

    Here are some of the best long-term investments options in India that can secure you financially.

    1. Endowment policy
      The endowment policy is quite similar to a term insurance policy, with a difference of having a saving component as well. This saving component offers an extra benefit to the policyholder as it increases the pay-out by a considerable amount. This means that you can save more over a certain period of time as well as get a life cover till that specified period. Thus, with the combined benefit of insurance coverage and savings, it becomes quite lucrative among the salaried as well as non-salaried individuals.

    2. Unit Linked Insurance Plan
      This plan is primarily concentrated on creating wealth in the long-term, along with life cover. It bifurcates the premium into two parts, one of which is to be used for the purpose of life insurance while the other is invested in the market in order to build your wealth. A policyholder also has the option to choose the ratio of allocation for investments in stock or debt markets. The value of the investment portfolio is captured by the NAV (Net Asset Value).
      With the dual benefits of wealth creation and term life cover, ULIPs help channelise the insured’s money into appropriate investments while ensuring that, in case of insured’s death, the family can avail a death benefit as well as return on investment.

    3. Money Back Policy
      Here, the plan is specifically focussed for those individuals who desire to get regular pay-outs over the period. This percentage of the sum assured varies from company to company; however, it can also be customised as per your convenience. The saving component is quite similar to the endowment plan. The rest of the money, which has not been paid to the insured person, is given when the policy matures or on the death of the policyholder. This unique combination of survival, as well as death benefits, helps the policyholder meet the regular expenses as well as safeguards the financial well-being of their families.

    4. Comprehensive Life Policy
      Unlike other insurance policies that expire with a specified period of time, this policy has a coverage extending to the whole life span of the insured. There is also an option to get survival benefit in this plan as per your requirements. In addition, as a policyholder, you can also partially withdraw the insured sum after a certain period. Moreover, there is an option for a loan as well that can be taken against the insured sum.


    Conclusion

    Along with the mentioned benefits, all these long-term investment options offer tax benefits under the Indian Income Tax Act. The amount of premium paid is deductible under Section 80C while the sum assured pay-out is tax-exempt under Section 10 (10D).
    Before you invest in these instruments, it is imperative to we realise that certain features vary with every insurance company, based on factors, like age, gender, medical history, claim settlement ratio (CSR), etc.
    In addition, one also needs to thoroughly read the policy document before buying in order to understand the exclusions and inclusions present in the investment plan. Due diligence is crucial to ensure that you avail the best life cover and secure the financial future of your family.
    To know more long term savings plan and mera term plan visit PNB MetLife website

    Disclaimer:

    The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

    PNB MetLife India Insurance Company Limited,
    Registered office 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.
    PNB MetLife Mera Term Plan is an Individual Non-Linked, Non-Participating, Pure risk premium Life Insurance Plan | Product UIN Number – 117N092V03
    #Maximum maturity age: 99 years for all options (except Joint Life cover option), Joint Life Cover option: 75 years (applicable for both Primary & Secondary life).
    For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
    Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
    The marks “PNB” and “MetLife” are 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.
    Call us Toll-free at 1-800-425-6969.. Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203

    AD-F/2020-21/00184

    BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS /FRAUDULENT OFFERS
    • IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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