An Individual, Non-Linked, Non-Participating, Deferred Annuity Product | UIN: 117N134V04
You have worked hard all your life in fulfilling your responsibilities and duties towards your family. There must have been times when your wishes took a backseat to provide for requirements of your loved ones. Retirement is the golden period for you to pursue your interests and realize those wishes which remained un-fulfilled, provided you are financially prepared.
PNB MetLife Grand Assured Income Plan helps you systematically save for your retirement and provides lifelong Guaranteed income* to ensure you continue living a Grand lifestyle throughout your Golden years.
What you get
You receive a steady guaranteed income* throughout your life as per your selected annuity option and preferred pay out frequency.
The various annuity options are:
Option A: Life Annuity
Option B: Life Annuity with Return of Purchase Price
Option C: Life Annuity with Return of Purchase Price on Death or Survival
Option D: Joint Life Annuity with Return of Purchase Price
Option E: Joint Life Annuity with Return of Purchase Price and 50% Annuity to surviving annuitant
What you don’t get
Suicide Exclusion
For Single Annuitant under the Policy:
If the Annuitant’s death is due to suicide within twelve months from the Date of Commencement of the Policy or from the Date of Revival of the Policy as applicable, the Nominee of the Policyholder shall be entitled to receive at least 80% of the Total Premium Paid as received by Us till the date of death of the Annuitant or Surrender Value available as on the date of death of the Annuitant, whichever is higher, provided the Policy is in In force Status. We shall not be liable to pay any interest on this amount.
For Joint Life Policies:
In case of death of any one of the Annuitants due to suicide within twelve months from the Date of Commencement of the Policy, the Nominee of the Policyholder shall be entitled to receive at least 80% of the Total Premium Paid as received by Us till the date of death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in In force Status. We shall not be liable to pay any interest on this amount.
Plan ahead for your retirement with our annuity plan calculator at PNB MetLife.
| Minimum |
Maximum |
|||
| Age at Entry (Years) | 40 | Option C (Life Annuity with Return of Purchase Price on Death or Survival): 65 All Other Annuity Options: 84 (Annuity Shall |
||
| Minimum Annuity |
Annual | Half Yearly | Quarterly | Monthly |
| Rs 12,000 | Rs 6,000 | Rs 3,000 | Rs 1,000 | |
| Purchase Price | Minimum Single Pay: Rs 100,000 | Maximum Purchase Price: No Limit | ||
| Minimum Limited Pay (5,7 & 10): Rs 30,000 | ||||
Limited Pay available for option A, B & C Only
| Premium Paying Term | Deferment Period (Years) |
| Single Pay | 1 - 10 |
| 5 Pay | 5 – 10 |
| 7 Pay | 7 – 10 |
| 10 Pay | 10 |
Deferment Period chosen at inception cannot be altered during the policy term
“Deferment Period” is the fixed time period measured in completed years from the inception of the policy, during which no annuity payouts are made. Annuity payouts commences post completion of deferment period.
Yes, you can choose any calendar date as per your choice, post completion of the deferment period to receive your annuity payouts.
Yes, you can receive higher annuity benefits for longer deferment periods.
No, you will be entitled to the same annuity benefit post receiving 50% ROP at the end of 25th policy year.
Yes, the surviving annuitant shall receive 50% of the original income post death of first annuitant
*Disclaimer:
PNB MetLife Grand Assured Income Plan is an Individual, Non-Linked, Non-Participating, Deferred Annuity Product | UIN: 117N134V04
1Not Available for Option A – Life Annuity OptionAD-F/2023-24/1086
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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.
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