Guaranteed Income Plan | Saving Plans - PNB MetLife Insurance

Key Benefits of PNB MetLife Guaranteed Income Plan

  • 1

    Guaranteed Income Benefit

  • 2

    Guaranteed Maturity Benefit

  • 3

    Life cover for the entire policy term

Overview

PNB MetLife Guaranteed Income Plan is a non-linked, non-participating endowment policy that provides you with a guaranteed income plan to cherish those little joys in life. You will also get a lump sum benefit to help you turn your big dreams into reality with the help of this savings plan.

With PNB MetLife Guaranteed Income Plan

  1. Create a second income to support your family
  2. Plan your goals with a lump sum at maturity
  3. Secure your family’s future
  4. Meet important milestones of your child’s education
  5. Fund your annual vacations

Product Benefits

Guaranteed Income Benefit

Get regular annual income ranging from 11% to 13% of Basic Sum Assured (BSA),based on your Premium Payment Term

  • 5 Pay / 10 term – 5 annual payments starting from 6th policy anniversary, each  equal to 11% of Basic Sum Assured
  • 5 Pay / 15 term – 10 annual payments starting from 6th policy anniversary, each  equal to 11% of Basic Sum Assured
  • 7 Pay / 15 term – 8 annual payments starting from 8th policy anniversary, each equal to 11% of Basic Sum Assured
  • 10 Pay / 20 term – 10 annual payments starting 11th policy anniversary, each equal to 13% of Basic Sum Assured
  • 12 Pay / 20 term – 8 annual payments starting 13th policy anniversary, each equal to 13% of Basic Sum Assured

Pay as you like

Choose to pay premiums for 5, 7, 10 or 12 years

Survival Benefits

In addition to the Guaranteed Income Benefit, get 30% to 55% of Basic Sum Assured (BSA) on Maturity, based on your Policy Term

  • 10 term – 30% of Basic Sum Assured, payable at the end of policy term
  • 15 term – 35% of Basic Sum Assured, payable at the end of policy term
  • 20 term – 55% of Basic Sum Assured, payable at the end of policy term

Death Benefit

Sum assured on death is payable on death during policy term
Where Sum Assured on Death is the highest of;

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

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

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