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

Pay as you like

Choose to pay premiums for 5, 7 or 10 years

Survival Benefits

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

  • 5 Pay – 30% of Basic Sum Assured, payable at the end of policy term
  • 7 Pay – 35% of Basic Sum Assured, payable at the end of policy term
  • 10 Pay – 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

7 Pay

10 Pay

Premium Payment Term (years)

5

7

10

Policy Term (years)

10

15

20

Minimum Age* at entry(years)

8

3

3

Maximum Age* at entry (years)

60

60

60

Maximum age* at maturity (years)

70

75

80

Minimum Annual Premium (Rs)

52,900

23,864

16,666

Maximum Annual Premium (Rs)

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

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

Premium payment modes

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

Terms & Conditions Download Brochure Premium Rates Download Hindi Leaflet

Form got successfully submitted.

Please fill out personal information

Enter a valid name
Enter a valid name
Enter a valid Email
+91 Enter a valid phone number.
Disclaimer

Meet An Advisor

Sorry! We are experiencing technical difficulties, please try later.
Are you an existing PNB MetLife customer?
Enter a valid Name.
Enter a valid Name.
Select a City. Enter a valid City.
Please fill out a valid email address
+91 Enter a valid Mobile Number.
Preferred Date entered is not valid
Select a Reason.
Comments: Enter a valid Reason.

You might also be interested in