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    PNB MetLife Guaranteed Goal Plan

    Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan | UIN: 117N131V01

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    Introducing PNB MetLife Guaranteed Goal Plan, a perfect savings solution that helps you save systematically and get guaranteed returns. PNB MetLife Guaranteed Goal Plan secures your goals against unforeseen life events and offers you complete control and flexibility to customize your savings schedule. It is specially designed to help you enjoy the freedom of life and ease your worries for your future ahead.

    PNB MetLife Guaranteed Goal Plan in a nutshell
    • Secure future with Guaranteed Benefits
    • Flexibility to receive benefits as Lumpsum or Guaranteed Income
    • Boost corpus with Guaranteed Additions & Wealth Additions
    • Higher benefits for higher premium payment
    • Flexibility to accumulate survival benefits & receive payouts on date of your choice
    • Life cover for entire policy term
    • **Waiver of premium on death or diagnosis of critical illness with Family Care and Health Care options

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    With PNB MetLife Guaranteed Goal Plan you get:

    Benefits with PNB MetLife Guaranteed Goal Plan
    Death Benefit

    Death Benefit

     

    Family Care Benefit

    Family Care Benefit

    Health Care Benefit

    Health Care Benefit

    Maturity Benefit

    Maturity Benefit

     

    Survival Benefit

    Survival Benefit

    Limited Pay Policies: Sum Assured on Death will be higher of 10 times of Annualized Premium or 105% of Total Premiums paid up to the date of death of life assured

    Single Premium with Single Life policies: Sum Assured on Death is 1.25 times Single Premium. The policy terminates with the payment of Sum Assured on death

    Single Premium policies where Joint Life Cover chosen:

    a) In case of death of first Life Assured during the Policy Term: 1.25 times of Single Premium will be payable to the last surviving Life Assured

    b) In case of death of last surviving Life Assured during Policy Term: 10 times of Single Premium will be payable to the Nominee and the policy terminates.

    On death of Life Assured during the Policy Term, all future Installment Premiums (if any) shall be waived off, and the Nominee shall receive the Sum Assured on Death as lumpsum. Policy continues to accrue all benefits, and all future Survival Benefits and Maturity Benefit as defined above shall also be paid to the Nominee.

     

    On Life Assured being diagnosed from any of the listed Critical Illnesses, while the Policy is in In-force Status, all the future Instalment Premiums that would otherwise have been payable under the Policy for the remainder of the Premium Payment Term shall be waived off.

    Guaranteed Survival Benefits, Guaranteed Maturity Benefit and Death Benefit, shall continue to be paid under the Policy.

    Guaranteed Maturity Benefit shall be paid which is:

    For Limited Pay policies:

    • Sum Assured at Maturity; plus
    • Accrued Guaranteed Additions; plus
    • Accrued Wealth Additions

    For Single Premium policies:

    • Sum Assured at Maturity
    • Accrued Wealth Additions

    Income + Lumpsum Option: Guaranteed Maturity Benefit shall be paid which is equal to Sum Assured on Maturity.

    Lumpsum Option – No survival benefit will be payable under this option

    Income + Lumpsum Option – Survival Benefit payable on each Policy Anniversary following the completion of the Premium Payment Term is the sum of:

    a. Guaranteed Income

    b. Sum of Accrued Guaranteed Additions divided by Income Payout Period (years)

    c. Wealth Additions = Wealth Addition Rate x Total Annualised Premium paid till date

    What you don’t get

    Frequently Asked Questions

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    What are the product features of the PNB MetLife Guaranteed Goal Plan?

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    • Flexibility to choose the date of benefit payout - Survival Benefits will be paid on policy anniversaries by default. Alternatively, the policyholder can choose to receive the survival benefits on any one date, as per their choice.
    • Flexibility to accumulate Survival Benefit – There is an option to defer the Guaranteed Survival Benefit, if applicable, and accumulate them instead by giving the Company a written notice at least 30 days before next Survival Benefit Payout.

    The Policyholder can withdraw from the accumulated Income, partly/ fully at any point during the Policy Term

    • Flexibility to choose Income Payout Mode – There is an option to receive the Guaranteed Survival Benefits under Income + Lumpsum option at less frequent intervals.
    • Riders – Option to choose following riders at the beginning of the policy or any policy anniversary during the Premium Payment Term:
      • PNB MetLife Death Benefit Rider Plus (UIN: 117B020V03)
      • PNB MetLife Serious Illness Rider (UIN: 117B021V03)
    • Joint Life Cover – Available with Single Premium policies

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

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    Premium Paying Term (PPT) (Years) Premium Payment Term Policy Term: Lumpsum Option Policy Term: Income + Lumpsum Option
    Single Premium 5, 7, 10, 12, 15, 20 Not available
    5 10, 12 and 15 10, 12 and 15
    Policy term (Years) 7 12, 15 and 20 12, 15 and 20
    10 Years 15, 20 and 25 20 and 25
    12 Years 20, 25 and 30 20, 25 and 30
    Minimum age^ at entry (Years)
    For Single premium:
    Cover Type Minimum Entry Age
    Single Life 0 (30 days)
    Joint Life 18 Years
     
    For Limited pay:
    Policy Term (Years) Minimum Entry Age
    Without Family Care and/or Health Care Option 0 (30 days)
    With Family Care and/or Health Care Option 18

    ^Age: Last Birthday

     

    Maximum age at entry (Years)
    For Single premium:
    Cover Type Age at Entry (last birthday)
    Single Life 65 Years
    Joint Life 60 Years
     
    For Limited pay:
      Policy Term (years)
    10 12 15 20 25 30
    Without Family Care and Health Care Benefit 60 55 50
    With Family Care and Health Care Benefit 55

     

    Maximum age at Maturity (Years)
    For Single premium:
    Cover Type Policy Term
    5 7 10 12 15 20
    Single Life 70 72 75 77 80
    Joint Life 65 67 70 72 75 80
     
    For Limited pay:
      Policy Term)
    10 Years 12 Years 15 Years 20 Years 25 Years 30 Years
    Without Family Care and Health Care Benefit 70 72 75 80 80
    With Family Care and Health Care Benefit 65 67 70 75 80

     

    Minimum Annualised Premium (Rs.)
    PPT Single Premium 5 7 10 12
    Min. Annualised Premium 50,000 30,000 15,000
    Maximum Annualised Premium (Rs.) Subject to maximum Sum Assured on Death limit as per Board Approved Underwriting Policy.
    Minimum Sum Assured (Rs.)
    PPT Single Premium 5 7 10 12
    Minimum Sum Assured Single Life Joint Life 3,00,000 1,50,000
    62,500 5,00,000
    Premium Payment modes Yearly / Half Yearly / Quarterly/ Monthly

     

    Disclaimer:

    Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan (UIN: 117N131V01)

    • 1 Wealth Additions accrue after completion of Premium Payment Term as a percentage of Total Annualised Premiums paid till date and will vary based on Premium payment term and Policy term. Wealth Additions will accrue if Lumpsum option is chosen or will be paid out after PPT if Income + Lumpsum option is chosen.
    • 2 Policyholder cannot choose the date preceding the due date of the Guaranteed Survival Benefit payout.
    • *Returns mentioned above are applicable for inforced policies at Age 40, AP 1 Lakhs (excluding GST), Lumpsum Option, Annual Mode, PPT12, Term 30. Total Benefit varies basis actual Entry Age, Premium Payment Term, Policy Term, Annualised Premium amount, and Option chosen. T&C apply.
    • **Get Waiver of premium on death or diagnosis of critical illness with Family Care and Health Care options.
    • #Tax bene­fit 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. Good and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.

    AD-F/2021-22/741

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    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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