PNB MetLife Retirement Savings Plan

PNB MetLife Retirement Savings Plan

Plan ahead for your second innings. Make it a lifelong holiday.
PNB MetLife Retirement Savings Plan can help you gain financial freedom in your golden years, enabling you to enjoy your retirement tension-free. This savings plan makes it easier for you to enjoy your retirement life by spending time with your family, grandchildren, and friends without stressing over work and income.

PNB MetLife Retirement Savings Plan in a nutshell
1. Guaranteed income for your golden years
2. Part lump sum on maturity
3. Extend accumulated savings

What you get
Death Benefit

Protect your loved ones from financial uncertainties arising due to unfortunate events with a Death Benefit that they can avail on your passing.

Simple Reversionary Bonus

Your policy will participate for Simple Reversionary Bonus from the third year of your policy term.

Terminal Bonus

Terminal Bonuses may be declared from the fifth year of your policy term which is payable along with the Death Benefit or Vesting Benefit.

PNB MetLife Retirement Savings Plan ensures:
1. Vesting Benefit: Sum Assured + Vested Simple Reversionary bonus plus Terminal Bonus, if any.
2. Death Benefit: Death Sum Assured + Accrued Simple Reversionary Bonus + Terminal Bonus, if any; (Where Death Sum Assured is defined as 105% of all Premiums paid (excluding service tax and extra premium, if any)
3. Flexibility: You can defer the vesting date up to age 75 years.

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.