Individual, Non Linked, Non Participating Immediate Annuity Product| UIN:117N095V09
To lead a comfortable life post-retirement, you require financial security through regular income and therefore you need to invest in a good PNB MetLife retirement plan. With PNB MetLife Immediate Annuity Plan, customize your retirement plan the way you want & get a guaranteed income for the rest of your life.
What you get
Annuity Benefits
Receive a steady increasing income even after retirement to keep rising expenses at bay.
What you don’t get
Suicide Exclusion
For annuity options other than Return of Purchase Price / Balance, in case of death due to suicide within 12 months from the date of commencement of risk under the policy 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 premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.
Single Life annuity options
Joint Annuity (Two Lives) annuity options: Under the options described below, both primary life and spouse are annuitants
NPS-Family Income (Exclusively for National Pension System Subscribers)
| Boundary Conditions | Standalone Annuity | Tied Annuity |
|---|---|---|
| Min *Age at entry |
Maximum age difference between primary life and spouse is 20 years QROPS Policies : 55 Years |
In case the age difference of Primary Life & Spouse is more than 20 years, the annuity rate with the difference of 20 years would be applicable |
| Max *Age at entry | 75 years | 90 years In case the age of the nominee or beneficiary of your deferred pension policy is above 90 years, the annuity rates applicable will be the same as that at age 90 |
| Min Premium (Purchase Price) |
|
Not applicable |
| Minimum Annuity Payout | Rs. 1,000 per month# | Rs. 1,000 per month# |
| Maximum Annuity Payout | Subject to entry age of Annuitant & Purchase Price |
Subject to entry age of Annuitant & Purchase Price |
| Annuity Payout Mode | Yearly/Half Yearly/Quarterly/Monthly | Yearly/Half Yearly/Quarterly/Monthly |
*Age: Last Birthday*
QROPS stand for Qualifying Recognized Overseas Pension Scheme
#For Tied Annuity, if the proceeds accumulated from the deferred pension plan are not sufficient to buy a monthly annuity of Rs. 1,000 then the Company will pay the accumulated amount to the nominee or beneficiary. However, nominee will have the choice to receive a monthly annuity of less than Rs. 1,000 if he/she opts for the same.
This plan can be purchased offline using any of the below methods:
Use our annuity plan calculator for your retirement planning journey at PNB MetLife.
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. Good and Services Tax (GST) shall be levied as per prevailing tax laws which are subject from time to time.
PNB MetLife Immediate Annuity Plan is an Individual, Non-Linked, Non-Participating, Immediate Annuity Product | UIN: 117N095V09
The policyholder shall choose the desired Annuity option, premium payment term at inception. The annuity shall be payable in arrears under all options, after completion of the deferment period. Provided the policy is in-force and all due premium have been paid. T&C Apply.
AD-F/2024-25/567
RELATED PRODUCTS
Rs. 930 Crores
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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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