PNB MetLife India Insurance Company Limited
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PNB MetLife Century Plan

PNB MetLife Century Plan, a participating life insurance plan that provides you with income for whole life along with cover for the whole of life (till the age of 100 years).

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PNB MetLife Century Plan

As you grow your responsibilities grow with you. You dream of building your dream house, owning your favourite car, planning a world tour, securing your family's future, making worry-free retirement plans, and much more. However, life doesn't always follow a planned path as we do. Its uncertainties make you compromise on your dreams to cater to other important expenses- like providing for your family, paying for health expenses, children's school fees, etc.

Hence, it becomes crucial to have a supplementary source of income that takes care of these expenses, after your retirement or in case of unfortunate demise. Understanding your needs, PNB MetLife has the perfect solution that allows you to live a life without compromises, secures the future of your family, and creates a legacy for your loved ones.

Presenting PNB MetLife Century Plan, a participating life insurance plan that provides you with income for whole life along with cover for the whole of life (till the age of 100 years).

PNB MetLife Century Plan in a nutshell
1. Income & Protection for Whole Life
2. Guaranteed Lumpsum at Maturity
3. Waiver of Premium on Death under Family Care Benefit
4. Option to accumulate and partially or fully withdraw survival benefits

With PNB MetLife Century Plan
1. Get income and protection for whole life
2. Leave a legacy for your loved ones
3. Get Guaranteed Cash bonus (if declared) @10% under Super Income option and @30% under Future Income option^
4. Ensure survival benefits continue to be paid even after death of the Life Assured and no future premiums are payable after death with Family Care benefit.
5. Safeguard your financial needs even after retirement
6. Enjoy the flexibility to accumulate the survival benefit payouts and withdraw as and when required

Minimum cash bonus is guaranteed @10% of Annualized premium throughout premium payment under Super Income Option for PPT 10 and above, @5% for PPT less than 10 & @30% of Annualized premium for Fixed Income Payout period under Future Income Option.

What you get

Choice of 3 Income options based on your need
1. Super Income option
2. Smart Income option
3. Future Income option

Lifelong income
Survival benefit pay-out from first year onwards till 100 years of age1

Flexibility
To receive your income payout on the date of your choice2

Lumpsum benefit at Maturity
Get return of premiums3 along with Terminal Bonus (if declared) as lumpsum at maturity.

Limited Premium Payment Term
Choose from various premium payment term options from 5 to 10 or 12 or 15 years and stay covered for whole of life.

Flexibility Option
To choose the maturity option of up to age 100 or up to age 80.

Protection for your family
1. Get life cover for the entire policy term.
2. Safeguard your family's future even in your absence with no future premiums payable after the death with Family Care option
3. Get additional cover through an accidental death and serious illness riders, at a nominal cost

Option to accumulate your Survival benefits
At a specified interest rate and withdraw partially or fully as per your need

Tax benefits
You may be eligible to avail tax benefit on premiums paid and benefits received, as per prevailing tax laws.

What you don't get

Suicide Exclusions

In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to at least 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.

DID YOU KNOW?
1. You can start getting income from 1st policy year till age 100 and also stay covered for whole life.

2. You can customize your survival benefit payouts to coincide with the special dates.

3. You can accumulate and earn interest on your survival benefits & also withdraw from the accumulated benefit amount as and when required.

4. You can choose between maturity options of up to age 100 or up to age 80.

Investment Insurance

Tax Benefits on Investment

Covered

You may be eligible to avail tax benefit on premiums paid and benefits received, as per prevailing tax laws.

Tax Benefits on Returns

Covered

You may be eligible to avail tax benefit on premiums paid and benefits received, as per prevailing tax laws.

Flexibility

Covered

To receive your income payout on the date of your choice2 To choose the maturity option of up to age 100 or up to age 80.

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