Benefits Guaranteed, Dreams Protected
Individual, Non-Linked, Non-participating, Savings, Life Insurance Plan | UIN: 117N096V03
PNB MetLife Guaranteed Savings Plan is a guaranteed savings insurance plan that helps you fulfil your dreams by offering lump sum benefit on maturity along with guaranteed additions on cumulative premiums. PNB MetLife Guaranteed Savings Plan helps you to create a corpus to achieve your short to long-term goals as per your choice along with securing your family’s future.
What you get
Life Cover
Protect your loved ones from financial uncertainties arising due to unfortunate events with a Life Cover that they can avail on your passing.
Sum Assured on Maturity
Avail a percentage of your Basic Sum Assured on maturity depending on the premium payment option you choose.
Guaranteed Additions
Guaranteed Additions are added at the end of each Policy Year during the Premium Payment Term.
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.
Our savings plan ensures that you can fulfil your responsibilities towards your family without compromising on their happiness and your dreams. Find out how PNB MetLife Guaranteed Savings Plan works to your advantage.
On Maturity, your Benefits will be
(provided all due premiums have been received)
Sum assured on death plus accrued guaranteed additions (as on date of death) is payable on death during policy term
Where Sum Assured on Death is the highest of;
It is defined as a percentage of basic sum assured (BSA) and varies with premium payment type
Guaranteed Additions are added at the end of each Policy Year during the Premium Payment Term (provided all due Premiums have been received for that Policy Year)
Guaranteed Additions = Guaranteed Addition rate X Sum of all premiums received till date
It is defined as a percentage of basic sum assured (BSA) and varies with premium payment type
| Premium Payment Type | 5 Pay | 7 Pay | 7 Pay | 10 Pay |
|---|---|---|---|---|
| Premium Payment Term (years) | 5 | 7 | 7 | 10 |
| Policy Term (years) | 10 | 12 | 15 | 20 |
| Minimum Age* at entry(years) | 8 | 3 | 3 | 3 |
| Maximum Age* at entry (years) | 60 | 60 | 60 | 60 |
| Maximum age* at maturity (years) | 70 | 72 | 75 | 80 |
| Minimum Annual Premium (Rs) | 46,480 | 24,970 | 21,068 | 14,178 |
| Maximum Annual Premium (Rs) | As per Board approved |
As per Board approved |
As per Board approved |
As per Board approved |
Minimum Sum Assured (Rs) |
4,00,000 | 2,00,000 | 2,00,000 | 1,50,000 |
| Maximum Sum Assured (Rs) | As per Board approved |
As per Board approved |
As per Board approved |
As per Board approved |
| Premium payment modes | Yearly/half yearly/monthly |
Yearly/half yearly/monthly |
Yearly/half yearly/monthly |
Yearly/half yearly/monthly |
| 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/2020-21/00322
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.
