Group Life Insurance: Employee Benefit Pension Plan

Name: PNB MetLife Traditional Employee Benefits Plan
Brand: PNB Metlife
Rating: 4.5 (18244 reviews)

What would you like to do first?

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

Interest on each contribution
Motivate employees
Retain talent
Tax Benefits

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What you get

On Death / Retirement / Resignation / Termination

PNB MetLife Traditional Employee Benefits Plan ensures:

Offer minimum guaranteed interest of 2% p.a. on each portion of the contributions paid.
Provision to pay the gratuity contribution (both past service liability and current service cost) in instalments.
Tax Benefits as applicable**

Frequently Asked Questions

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What are the Benefits of PNB MetLife Traditional Employee Benefits Plan?

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.
If the exit of the member from the Scheme is due to death, the risk cover benefit of Rs.10000 will be payable by the Company and no Market Value Adjustment will be made.
In case of complete withdrawal of the Scheme before completing third year, the Surrender Value will be equal to the Fund Value of the Scheme minus the Surrender Charges minus the Market Value Adjustment (MVA).

What are the eligibility criteria for PNB MetLife Traditional Employee Benefits Plan?

Particulars	Boundary Conditions
Minimum age at entry¹	18 years age as per last birthday
Maximum ages at entry¹	1 year less than the ‘Normal Retirement Age’ defined in the individual Employer’s Scheme Rules.
Maximum Maturity Age¹	The ‘Normal Retirement Age’ as defined in the individual Employer’s Scheme Rules.
Minimum / Maximum Contribution	Rs.100,000 / Rs.500 Crore
Minimum Group size	Minimum group size is 10
Maximum Group size	No Limit
Minimum Policy Term	Yearly renewable basis

¹Age Last Birthday
Goods & Service Tax, as applicable will be charged at the prevailing rate. PNB MetLife reserves the right to levy Goods & Service Tax and also any other taxes as may be applicable from time to time.

How can I purchase PNB MetLife Traditional Employee Benefits Plan?

You can purchase this plan offline in any of the following three ways:

Disclaimer:

^**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 from time to time.
PNB MetLife Traditional Employee Benefits Plan, Group, Non-linked, Non-Participating, Savings Life Insurance Plan | UIN: 117N085V03
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding any sale.

AD-F/2024-25/729