PNB MetLife Superannuation

PNB MetLife Superannuation

PNB MetLife Superannuation scheme, a group variable insurance, offers a comprehensive solution for employers who wish to outsource administration and management of Superannuation liabilities in an effective and integrated manner. This is a group variable insurance plan, administered similar to a cash accumulation scheme.

PNB MetLife Superannuation in a nutshell
1. Group variable insurance plan administered in a similar manner to a cash accumulation scheme.
2. Excellent means of attracting and retaining quality talent.

What you get
On Retirement/ Resignation/ Termination

Accrued Benefit payout will be made as per Scheme Rules of Group Policyholder will be made subject to the available Fund Value.

Life Cover

Accrued Benefits are payable as per Scheme Rules of Group Policyholder to the nominees of the employee insured

PNB MetLife Superannuation ensures:
1. Interest Guarantee on the contributions paid.
2. Interest declared each quarter will become part of the capital. And both capital and interest will continue to earn interest every quarter.
3. Tax Benefits as applicable

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.