Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan | UIN: 117N131V05
Introducing PNB MetLife Guaranteed Goal Plan, a perfect savings plan 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.
Choice from two plan options based on your need
Lumpsum Option: Guaranteed Maturity Benefit payable at Maturity date.
Income + Lumpsum Option: Guaranteed Survival2 Benefit payable every year post completion of Premium Payment Term along with a Guaranteed Maturity Benefit on Maturity date.
Additional benefits to boost your corpus
Guaranteed addition4 of 5% of Total Annualised premium paid till date gets accrued every year during premium payment term
Wealth additions ranging from 3.2% to 9% of Total Annualised Premium paid till date get accrued or paid every year after premium payment term1
Higher Benefits
For higher premium payment
Flexibility
To accumulate your Survival benefits and receive payouts on the date of your choice2
Protection
Safeguard against uncertainties
Get life cover for the entire policy term.
**Get Waiver of premium on death or diagnosis of critical illness3 with Family Care and Health Care options
Option to enhance your protection through Accidental Death and Serious Illness rider coverage
Tax benefits
You may be eligible to avail tax benefit# on premiums paid and benefits received, as per prevailing tax laws
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 Illnesses3, 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:
For Single Premium policies:
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 Additions4 divided by Income Payout Period (years)
c. Wealth Additions = Wealth Addition Rate x Total Annualised Premium paid till date
What you don’t get
Suicide Exclusion
If the Life Assured’s death is due to suicide within twelve months from the date of commencement of the 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 under the Policy till the date of death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in Inforce status.
Waiting Period if Health Care Benefit is opted
A waiting period of 90 days is applicable from inception of the policy or from any subsequent revival, whichever is later. If a claim related to Health Care Benefit occurs during Waiting period, total premiums paid shall be refunded and the policy will terminate.
If a Critical Illness3 is contracted during the Waiting Period, then total premiums paid shall be refunded and the policy will terminate.
Exclusions for Critical Illness3 if Health Care Benefit is opted
No waiver of premium benefit will be payable if the Critical Illness3 is caused or aggravated directly or indirectly by any of the mentioned conditions under Exclusions section in Term & Conditions of the policy. Please refer complete Sales Brochure/Policy document for details of the exclusions.
The Policyholder can withdraw from the accumulated Income, partly/ fully at any point during the Policy Term
| 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) |
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^Age: Last Birthday
| Maximum age at entry (Years) |
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| Maximum age at Maturity (Years) |
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| Minimum Annualised Premium (Rs.) |
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| Maximum Annualised Premium (Rs.) | Subject to maximum Sum Assured on Death limit as per Board Approved Underwriting Policy. | ||||||||||||||||
| Minimum Sum Assured (Rs.) |
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| Premium Payment modes | Yearly / Half Yearly / Quarterly/ Monthly5 | ||||||||||||||||
5Age as on last birthday
Disclaimer:
PNB MetLife Guaranteed Goal Plan is an Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan (UIN: 117N131V05)
AD-F/2024-25/1104
Rs. 930 Crores
Bonus declared for Participating Policies in FY’23-24
2.35 Lakh+
transactions completed on the khUshi chatbot.
99.20%
Claim settlement ratio for retail business
16500
Locations & strong branch network
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 Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.
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