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This group life insurance plan fits right into the bracket of providing financial security to employees and helps retain key talent acting as an Employee benefits plan.
PNB MetLife Traditional Employee Benefits Plan
When you extend financial security to your employees and their families through employee insurance, this may turn out to become a huge motivational factor for an employee to continue with the company. This group life insurance plan fits right into the bracket of providing financial security to employees and helps retain key talent acting as an Employee benefits plan.
PNB MetLife Traditional Employee Benefits Plan in a nutshell
1. Interest on each contribution
2. Motivate employees
3. Retain talent
4. Tax Benefits
What you get
On Death / Retirement / Resignation / Termination
The benefit payable from the Fund will be as specified in the Trust Deed as per the Rules of the individual Employer's/Trustee's Scheme. The company's liability is limited to the extent of the Fund Value.
PNB MetLife Traditional Employee Benefits Plan ensures:
1. Offer minimum guaranteed interest of 2% p.a. on each portion of the contributions paid.
2. Provision to pay the gratuity contribution (both past service liability and current service cost) in instalments.
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.
