PNB MetLife Guaranteed Income Plan

PNB MetLife Guaranteed Income Plan

Power your dreams of tomorrow and fulfil your responsibilities towards your loved ones. Get an additional income along with a life cover to protect your loved ones in your absence with PNB MetLife Guaranteed Income Plan.

PNB MetLife Guaranteed Income Plan in a nutshell
1. Guaranteed Income Benefit
2. Guaranteed Maturity Benefit
3. Life cover for the entire policy term

What you get

Life Cover

This plan lets you secure your family's future even in your absence with a lump sum benefits long as the unfortunate incident takes place within the policy term.

Guaranteed Income Benefit

Ensure that you fulfill your responsibilities with a yearly income of 11 to 13% of your Basic Sum Assured. The benefit kicks in once premium payment term has ended and you will receive it in periodic lump-sum amounts.

Maturity Benefit

In case you survive your policy term, get 30 - 55% of Basic Sum Assured on reaching maturity of your policy term. Avail this benefit in addition to the Income Benefit.

Tax Benefit

Tax benefits under this plan are available as per the provisions and conditions of the Income Tax Act, 1961.

Enhancements with PNB MetLife Guaranteed Income Plan

Loans
Your plan can fulfil your dreams in more ways than one!

Our income plan allows you to take a loan against it once it acquires a surrender value

1. Max amount availed can be 90% of special surrender value
2. Current interest rate is at 10.5%

Riders
Safeguard yourself against health complications with health riders

For added premiums you can also secure yourself and your family against medical uncertainties & rising costs.

Get the following riders with PNB MetLife Guaranteed Income Plan:
1. Accidental Death Benefit Rider Plus
2. Serious Illness Rider

With PNB MetLife Guaranteed Income Plan, you can:
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

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 In force status. We shall not be liable to pay any interest on this amount.