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Individual, Non-Linked, Non-Participating, Savings. Life Insurance Plan | UIN: 117N097V04
Power your dreams of tomorrow and fulfil your responsibilities towards your loved ones. Get an additional income along with a life cover to protect your loved ones in your absence with PNB MetLife Guaranteed Income Plan.
Life Cover
This plan lets you secure your family’s future even in your absence with a lump sum benefits long as the unfortunate incident takes place within the policy term.
Guaranteed Income Benefit
Ensure that you fulfill your responsibilities with a yearly income of 11 to 13% of your Basic Sum Assured. The benefit kicks in once premium payment term has ended and you will receive it in periodic lump-sum amounts.
Maturity Benefit
In case you survive your policy term, get 30 - 55% of Basic Sum Assured on reaching maturity of your policy term. Avail this benefit in addition to the Income Benefit.
Tax Benefit
Tax benefits under this plan are available as per the provisions and conditions of the Income Tax Act, 1961.
Our income plan allows you to take a loan against it once it acquires a surrender value
For added premiums you can also secure yourself and your family against medical uncertainties & rising costs.
Get the following riders with PNB MetLife Guaranteed Income Plan:
1. Accidental Death Benefit Rider Plus
2. Serious Illness Rider
What you don’t get
Suicide Exclusions
If the Life Assured’s death is due to suicide within twelve months from the date of commencement of risk or from the Date of Revival of the Policy as applicable, the Nominee or beneficiary of the Policyholder shall be entitled to 80% of the total Premium paid till the date of death under the Policy death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in Inforce status. We shall not be liable to pay any interest on this amount.
Get regular annual income ranging from 11% to 13% of Basic Sum Assured (BSA), based on your Premium Payment Term:
With this plan, you can choose to pay premiums for 5, 7, 10 or 12 years depending on your preference and convenience.
In addition to the Guaranteed Income Benefit, you get 30% to 55% of Basic Sum Assured (BSA) on Maturity, based on your Policy Term. Here is the Benefit breakup:
Sum Assured on death is payable on death during the policy term
Where Sum Assured on Death is the highest of;
Premium Payment Type |
5 Pay |
5 Pay |
7 Pay |
10 Pay |
12 Pay |
Premium Payment Term (years) |
5 |
5 |
7 |
10 |
12 |
Policy Term (years) |
10 |
15 |
15 |
20 |
20 |
Maximum Age at entry* |
60 Years |
60 Years |
60 Years |
60 Years |
60 Years |
Maximum Premium |
As per Board approved underwriting policy |
As per Board approved underwriting policy |
As per Board approved underwriting policy |
As per Board approved underwriting policy |
As per Board approved underwriting policy |
Maximum Sum Assured |
As per Board approved underwriting policy |
As per Board approved underwriting policy |
As per Board approved underwriting policy |
As per Board approved underwriting policy |
As per Board approved underwriting policy |
Premium Payment modes |
Yearly / Half Yearly / Monthly |
Yearly / Half Yearly / Monthly |
Yearly / Half Yearly / Monthly |
Yearly / Half Yearly / Monthly |
Yearly / Half Yearly / Monthly |
Minimum Age at entry* |
Premium Payment Type |
Policy Term |
Age (Years) |
Minimum Age at entry* |
5 Pay |
10 |
8 |
Minimum Age at entry* |
5 Pay |
15 |
3 |
Minimum Age at entry* |
7 Pay |
15 |
3 |
Minimum Age at entry* |
10 Pay |
20 |
3 |
Minimum Age at entry* |
12 Pay |
20 |
3 |
Maximum age at maturity* |
5 Pay |
10 |
70 |
Maximum age at maturity* |
5 Pay |
15 |
75 |
Maximum age at maturity* |
7 Pay |
15 |
75 |
Maximum age at maturity* |
10 Pay |
20 |
80 |
Maximum age at maturity* |
12 Pay |
20 |
80 |
Minimum Annual Premium |
Premium Payment Type |
Policy Term |
Annual Premium (in Rs.) |
Minimum Annual Premium |
5 Pay |
10 |
52,900 |
Minimum Annual Premium |
5 Pay |
15 |
76,656 |
Minimum Annual Premium |
7 Pay |
15 |
23,864 |
Minimum Annual Premium |
10 Pay |
20 |
16,666 |
Minimum Annual Premium |
12 Pay |
20 |
12,357 |
Minimum Sum Assured |
Premium Payment Type |
Sum Assured (in Rs.) |
Minimum Sum Assured |
5 Pay |
4,00,000 |
Minimum Sum Assured |
7 Pay |
2,00,000 |
Minimum Sum Assured |
10 Pay |
1,50,000 |
Minimum Sum Assured |
12 Pay |
1,50,000 |
Multiple of Premium |
Age at entry |
Applicable multiple |
Multiple of Premium |
45 years and above |
10x or 7x |
Multiple of Premium |
Less than 45 years |
10x |
*Age last birthday
You can purchase this plan offline using any of the below methods:
Disclaimer:
AD-F/2020-21/00307
*Tax benefits are as per Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your Tax Consultant for more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
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 Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.
