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    PNB MetLife Guaranteed Savings Plan

    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.

    PNB MetLife Guaranteed Savings Plan in a nutshell
    • Guaranteed additions on cumulative premiums
    • Guaranteed Sum Assured on Maturity
    • Life Cover for the entire policy term

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    What you get

    Enhancements with PNB MetLife Guaranteed Savings Plan
    Loans

    Loans

    Your plan can fulfil your dreams in more ways than one!

    Riders

    Riders

    Safeguard yourself against health complications with health riders

    Our income plan allows you to take a loan against it once it acquires a surrender value

    • Max amount availed can be 90% of special surrender value
    • Current interest rate is at 10.5%

    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

    With PNB MetLife Guaranteed Savings Plan, you can:
    • Secure your future with guaranteed returns on cumulative premiums
    • Create a corpus to fulfil short term to long term goals as per your choice
    • Guarantee your child’s higher education with Guaranteed Benefits at Maturity
    • Secure your family’s future with a Life Cover for entire policy term

    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.

    How does PNB MetLife Guaranteed Savings Plan work?

    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.

    Frequently Asked Questions

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    What is the Maturity Benefit offered by PNB MetLife Guaranteed Savings Plan?

    Collapsed Expanded

    On Maturity, your Benefits will be

    • Sum Assured on Maturity plus
    • Accrued Guaranteed Additions

    (provided all due premiums have been received)

    What is the Death Benefit offered by PNB MetLife Guaranteed Savings Plan?

    Collapsed Expanded

    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;

    • Annualised Premium X Multiple of Annual Premium (10x or 7x, depending on age at entry)
    • 105% of all premiums paid as on date of death·
    • Basic Sum Assured (BSA)

    What is the Sum Assured amount on Maturity?

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    It is defined as a percentage of basic sum assured (BSA) and varies with premium payment type

    • 5 Pay – 70% of Basic Sum Assured
    • 7 Pay – 100% of Basic Sum Assured
    • 10 Pay – 130% of Basic Sum Assured

    Are there Guaranteed Additions with PNB MetLife Guaranteed Savings Plan?

    Collapsed Expanded

    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

    • 5 Pay – 5% of cumulative premiums
    • 7 Pay – 7% of cumulative premiums
    • 10 Pay – 10% of cumulative premiums

    What are the eligibility criteria of PNB MetLife Guaranteed Savings Plan?

    Collapsed Expanded
    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
    underwriting policy

    As per Board approved
    underwriting policy

    As per Board approved
    underwriting policy

    As per Board approved
    underwriting policy

    Minimum Sum Assured (Rs)

    4,00,000 2,00,000 2,00,000 1,50,000
    Maximum Sum Assured (Rs)

    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

    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

    How can I purchase PNB MetLife Guaranteed Savings Plan?

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    You can purchase this plan offline using any of the below methods:

    Disclaimer:

    AD-F/2020-21/00322

    Disclaimer

    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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