Gift yourself financial independence for your golden days
Individual, Non-Linked, Participating, Savings, Pension Plan | UIN: 117N091V03
Plan ahead for your second innings. Make it a lifelong holiday.
PNB MetLife Retirement Savings Plan can help you gain financial freedom in your golden years, enabling you to enjoy your retirement tension-free. This savings plan makes it easier for you to enjoy your retirement life by spending time with your family, grandchildren, and friends without stressing over work and income.
What you get
Death Benefit
Protect your loved ones from financial uncertainties arising due to unfortunate events with a Death Benefit that they can avail on your passing.
Simple Reversionary Bonus
Your policy will participate for Simple Reversionary Bonus from the third year of your policy term.
Terminal Bonus
Terminal Bonuses may be declared from the fifth year of your policy term which is payable along with the Death Benefit or Vesting Benefit.
What you don’t get
Suicide Exclusion
In the event the Person Insured commits 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 receive at least 80% of the total premiums paid and received by Us till the date of death of the Life Assured or Surrender Value available as on the date of death of the Life Assured, whichever is higher, provided the Policy is in Inforce status. Total premiums paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicity. We shall not be liable to pay any interest on this amount.
Retirement means freedom from a fixed schedule, which you may be following during your working years. In the true sense, retirement means enjoying the time you have with your family, grand children or your friends, without having to think about work or income. PNB MetLife Retirement Savings Plan, a non-linked, participating pension plan is one of the best retirement savings plans available, giving you a gateway to your financial freedom. Use our retirement calculator as an assisting tool in your retirement planning journey.
Find out more latest information and tips from retirement planning articles.
The Death Benefit is {Death Sum Assured + Accrued Simple Reversionary Bonus + Terminal Bonus, if declared}, where Death Sum Assured is defined as 105% of total premiums paid up to the date of death (excluding taxes and extra premium, if any). The Death Benefit will not be less than the Surrender Value under the policy.
Options to the Nominee on death of the Insured
If the insured survives and the policy is in-force till Vesting Date, the Vesting Benefit shall be:
Options on Vesting:
Irrespective of the aforementioned options chosen, the policyholder will also have an option to purchase immediate annuity or deferred annuity from any another insurer at the then prevailing annuity rate by utilizing not more than 50% of the proceeds of the policy net of commutation.
Please refer to the below table for the eligibility criteria of this plan:
| Particulars | Boundary Conditions | |
| Min. Age at entry* | 30 years | |
| Max. Age at entry* | Limited Pay (10 Years) - 64 Years Others - 65 Years |
|
| Min / Max. age at Vesting* | 50 Years / 75 Years | |
| Minimum Sum Assured | Regular Pay & Limited Pay 10 Years: Rs 300,000 Limited Pay 5 Years & Single Pay: Rs 500,000 |
|
| Maximum Sum Assured | As per our Board Underwriting Policy |
|
| Premium Payment Term | Single Pay / 5 Pay / 10 Pay / Equal to Policy Term | |
| Minimum Policy Term | Premium Payment Type Regular Pay & Limited Pay 5 years Limited Pay 10 Years Single Pay |
Minimum Policy Term 10 years 11 years 5 years |
| Maximum Policy Term# | Single Pay: 20 years Others: 30 years |
|
| Minimum Annualized Premium | Premium Payment Type Regular Pay Limited Pay 10 Years Limited Pay 5 Years Single Pay |
Minimum Annualized Premium Rs. 7,044 Rs. 13,128 Rs. 38,820 Rs. 262,250 |
*Age Last Birthday
# offers running terms between minimum & maximum policy terms in the interval of 1 year.
You can purchase this plan offline through any of the below methods:
Disclaimer:
1Tax benefits are as per the 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.
^T&C Apply
AD-F/2024-25/897
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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