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    PNB MetLife Guaranteed Income Plan

    Big dreams or little joys. Why miss on anything?

    Individual, Non-Linked, Non-Participating, Savings. Life Insurance Plan | UIN: 117N097V04

    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
    • Guaranteed Income Benefit
    • Guaranteed Maturity Benefit
    • Life cover for the entire policy term

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    What you get

    Enhancements with PNB MetLife Guaranteed Income Plan
    Loans

    Loans

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

    Riders

    Riders

    Safeguard yourself against health complications with health riders

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

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

    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:
    • Create a second income to support your family
    • Plan your goals with a lump sum at maturity
    • Secure your family’s future
    • Meet important milestones of your child’s education
    • 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 Inforce status. We shall not be liable to pay any interest on this amount.

    Frequently Asked Questions

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    Why Guaranteed Income Plan is a necessity?

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    Necessity of Guaranteed Income Plan Necessity of Guaranteed Income Plan

    How much annual income can I get with PNB MetLife Guaranteed Income Plan’s Guaranteed Income Benefit?

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    Get regular annual income ranging from 11% to 13% of Basic Sum Assured (BSA), based on your Premium Payment Term: 

    • 5 Pay / 10 term – 5 annual payments starting from 6th policy anniversary, each equal to 11% of Basic Sum Assured
    • 5 Pay / 15 term – 10 annual payments starting from 6th policy anniversary, each equal to 11% of Basic Sum Assured
    • 7 Pay / 15 term – 8 annual payments starting from 8th policy anniversary, each equal to 11% of Basic Sum Assured
    • 10 Pay / 20 term – 10 annual payments starting 11th policy anniversary, each equal to 13% of Basic Sum Assured
    • 12 Pay / 20 term – 8 annual payments starting 13th policy anniversary, each equal to 13% of Basic Sum Assured

    What are the payment options under this plan?

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    With this plan, you can choose to pay premiums for 5, 7, 10 or 12 years depending on your preference and convenience.

    What are the Survival Benefits of PNB MetLife Guaranteed Income Plan?

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    In addition to the Guaranteed Income Benefit, you get 30% to 55% of Basic Sum Assured (BSA) on Maturity, based on your Policy Term. Here is the Benefit breakup:

    • 10 term – 30% of Basic Sum Assured, payable at the end of policy term
    • 15 term – 35% of Basic Sum Assured, payable at the end of policy term
    • 20 term – 55% of Basic Sum Assured, payable at the end of policy term

    What are the Death Benefits of PNB MetLife Guaranteed Income Plan?

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    Sum Assured on death is payable on death during the policy term
    Where Sum Assured on Death is the highest of;

    • Annualized Premium X Multiple of Annual Premium (10x or 7x, depending on age at entry)
    • 105% of all premiums paid as on date of death
    • Basic Sum Assured (BSA)

    What are the eligibility criteria for PNB MetLife Guaranteed Income Plan?

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    Premium Payment Type

    5 Pay

    5 Pay

    7 Pay

    10 Pay

    12 Pay

    Premium Payment Term (years)

    5

    5

    7

    10

    12

    Policy Term (years)

    10

    15

    15

    20

    20

    Maximum Age at entry*

    60 Years

    60 Years

    60 Years

    60 Years

    60 Years

    Maximum Premium

    As per Board approved underwriting policy

    As per Board approved underwriting policy

    As per Board approved underwriting policy

    As per Board approved underwriting policy

    As per Board approved underwriting policy

    Maximum Sum Assured

    As per Board approved underwriting policy

    As per Board approved underwriting policy

    As per Board approved underwriting policy

    As per Board approved underwriting policy

    As per Board approved underwriting policy

    Premium Payment modes

    Yearly / Half Yearly / Monthly

    Yearly / Half Yearly / Monthly

    Yearly / Half Yearly / Monthly

    Yearly / Half Yearly / Monthly

    Yearly / Half Yearly / Monthly

    Minimum Age at entry*

    Premium Payment Type

    Policy Term

    Age (Years)

    Minimum Age at entry*

    5 Pay

    10

    8

    Minimum Age at entry*

    5 Pay

    15

    3

    Minimum Age at entry*

    7 Pay

    15

    3

    Minimum Age at entry*

    10 Pay

    20

    3

    Minimum Age at entry*

    12 Pay

    20

    3

    Maximum age at maturity*

    5 Pay

    10

    70

    Maximum age at maturity*

    5 Pay

    15

    75

    Maximum age at maturity*

    7 Pay

    15

    75

    Maximum age at maturity*

    10 Pay

    20

    80

    Maximum age at maturity*

    12 Pay

    20

    80

    Minimum Annual Premium

    Premium Payment Type

    Policy Term

    Annual Premium (in Rs.)

    Minimum Annual Premium

    5 Pay

    10

    52,900

    Minimum Annual Premium

    5 Pay

    15

    76,656

    Minimum Annual Premium

    7 Pay

    15

    23,864

    Minimum Annual Premium

    10 Pay

    20

    16,666

    Minimum Annual Premium

    12 Pay

    20

    12,357

    Minimum Sum Assured

    Premium Payment Type

    Sum Assured (in Rs.)

    Minimum Sum Assured

    5 Pay

    4,00,000

    Minimum Sum Assured

    7 Pay

    2,00,000

    Minimum Sum Assured

    10 Pay

    1,50,000

    Minimum Sum Assured

    12 Pay

    1,50,000

    Multiple of Premium

    Age at entry

    Applicable multiple

    Multiple of Premium

    45 years and above

    10x or 7x

    Multiple of Premium

    Less than 45 years

    10x

    *Age last birthday

    How can I purchase PNB MetLife Guaranteed Income Plan?

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    You can purchase this plan offline using any of the below methods:

    Disclaimer:

    AD-F/2020-21/00307

    *Tax benefits are as per Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your Tax Consultant for more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.

    Disclaimer

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    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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