Individual, Non-Linked, Non-participating, Savings Life Insurance Plan | UIN: 117N124V12
This plan is created to enable you to systematically save and protect you against unforeseen and unfortunate life events, while also offering you guaranteed returns. PNB MetLife Guaranteed Future Plan ensures that you are able to meet the financial goals in your life with a higher degree of certainty while also giving you complete control and flexibility to customize your plan as per your unique requirements.
Market competitive
Benefit options
Enjoy 0% TDS**
Best-in-class customization
Premium Payment Flexibility
Choose from various flexible premium payment options from 5, 7 up to 15 years or Single Pay.
Payout Flexibility
You can choose to receive your benefits either as a Lumpsum or a Guaranteed Income.
Guaranteed Income
Get guaranteed income ranging from 101.38% to 235.18% of annualised premium.
Safeguard Against Uncertainties
Get a life cover for the entire policy term and the option to enhance your protection through Accidental Death and Serious Illness riders.
Tax Benefits
Enjoy tax benefits on premiums paid and benefits received as per prevailing tax laws.
Loan Against Policy
You may take a loan against your policy once it acquires a Surrender Value up to 80% of the Surrender Value of your policy.
Get freedom from financial worries in unforeseen accidents
Enhance your Life Insurance Cover and Be Double Sure!
No TDS** deduction on Premium Paying Policy (In-Force##) benefit payout
Payable as -
No TDS** deduction on benefit payouts.
No TDS** deduction on death benefit
Payable for-
This rider provides additional protection in the event of the death of the Life Assured in an accident, over and above the death benefit provided under PNB MetLife Guaranteed Future Plan.
In the event of the death of the life insured due to an accident occurring within the policy term, 100% of Rider Sum Assured shall be payable. The Policyholder can opt for this rider either at inception along with PNB MetLife Guaranteed Future Plan or at any policy anniversary during its tenure.
This rider provides additional protection in the event of the Life Assured being diagnosed with any of the critical illnesses listed in the rider. This additional protection is provided over and above the death benefit under the PNB MetLife Guaranteed Future Plan.
The rider provides 100% of the Rider Sum Assured on survival of 30 days following the confirmed diagnosis of the Person Insured suffering from one of the below Insured Critical Illnesses:
1.Myocardial Infarction (First Heart Attack – Of
Limbs.Specified Severity)
2. Stroke Resulting in Permanent Symptoms
3. Cancer of Specified Severity
4. Open Chest CABG
5. Kidney Failure Requiring Regular Dialysis
6. Major Organ / Bone Marrow Transplant
7. Aorta Surgery
8. Total Blindness
9. Open Heart Replacement or Repair of Heart Valves
10. Permanent Paralysis of Limbs.
The Policyholder can opt for this rider either
at inception along with PNB MetLife Guaranteed Future Plan or at any policy anniversary during
its tenure.
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.
The needs of every customer are different. Some may require the policy to act as an income replacement system, while others may expect it to take care of liabilities. PNB MetLife Guaranteed Future Plan takes cognizance of every customer’s needs and offers four different payout options.
Benefits |
Option 1 |
Option 2 |
Option 3 |
Option 4 |
---|---|---|---|---|
Survival - On survival of the Life Assured, provided all due premiums are paid and the policy is fully in-force. |
Not applicable |
|
|
|
Maturity - On survival of Life Assured to maturity date provided all due premiums are paid |
|
Not applicable |
|
Not applicable |
Death - On deathof the Life Assured during the policy term |
Sum Assured on Death shall be defined as Higher of:
Where: Basic Sum Assured (BSA) is defined as: |
|||
The death benefit payable on death shall not be less than -- |
The death benefit payable on death shall not be less than -- |
The death benefit payable on death shall not be less than -- |
The death benefit payable on death shall not be less than -- |
Premium Paying Term (PPT) and Policy Term (PT) (Years):
Following PT and PPT combinations are available:
For Option 1: Endowment Option –
PPT | 5 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 |
PT | 12,15,20,25 & 30 | 15,20,25 & 30 | 16 | 18 | 15,20,25 & 30 | 22 | 20,24,25 & 30 | 26 | 28 | 30 |
For Options 2 & 3:
PPT | SP$ |
5^ |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
PT |
15,20 & 30 |
12 |
14, 15, 16, 27, 28 & 29 |
16, 17 & 18 |
18, 19 & 20 |
20, 21, 22, 30, 31 & 32 |
22, 23 & 24 |
24, 25 & 26 |
26, 27 & 28 |
28, 29 & 30 |
30, 31 & 32 |
For Options 4:
PPT | SP$ |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
PT |
15,20 & 30 |
14, 15 & 16 |
16, 17 & 18 |
18, 19 & 20 |
20, 21 & 22 |
22, 23 & 24 |
24, 25 & 26 |
26, 27 & 28 |
28, 29 & 30 |
30, 31 & 32 |
^Not available under Option 4: Income + Booster $SP will not be available for Option 1,3 & POS channel
Maximum Policy Term allowed for policies sold through POS channel is 20 years
Minimum age8 at entry (Years)
Policy Term (Years) | Minimum Entry Age |
---|---|
12 |
6 years last birthday |
14 |
4 years last birthday |
15 |
3 years last birthday |
16 |
2 years last birthday |
17 |
1 year last birthday |
18 and above |
0 (30 days) |
Maximum age8 at entry (Years)
Maximum age8 at Maturity (Years)
Minimum Annualized Premium (Rs.)
Maximum Annualized Premium (Rs.):
Minimum Basic Sum Assured:
Maximum Basic Sum Assured:
Rider Options:
Premium payment modes:
8 All reference to age are as on age last birthday. For policies issued to minor lives the risk cover starts immediately at inception. Also, in case the life assured is a minor, the policy will vest with the life assured when the life assured attains an age of 18 years.
You can purchase this plan offline through any of the below methods:
Disclaimer:
PNB MetLife Guaranteed Future Plan is an Individual, Non-Linked, Non-participating, Savings Life Insurance Plan (UIN: 117N124V12)
AD-F/2024-25/855
RELATED PRODUCTS
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.