An annuity plan for the golden years of customers
Mumbai, October, 02, 2022: PNB MetLife, one of India's leading life insurers, has launched PNB MetLife Grand Assured Income Plan (GAIN), a deferred annuity plan to augment its portfolio of retirement solutions. This non-linked, non-participating plan helps customers save systematically for retirement and will help them have a comfortable lifestyle through their golden years.
PNB MetLife Grand Assured Income Plan gives customers the flexibility to choose from a host of income options and they can also decide when to start receiving the retirement income, thus catering to varied financial requirements in the second innings of their life.
Commenting on the launch, Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said, “We, at PNB MetLife, understand the impact of variables such as inflation, longevity, and rising healthcare costs over time. Our Grand Assured Income Plan (GAIN) is a solution which can help late starters close any gaps in their retirement planning, as well as help those who do start saving early but end up being underprepared due to changes in the macroeconomic environment. This product supports customers to save systematically for their retirement while assuring a lifelong guaranteed income upfront.”
Key Highlights of PNB MetLife Grand Assured Income Plan:
About PNB MetLife India Insurance Company Limited
PNB MetLife India Insurance Company Limited (PNB MetLife), one of the leading life insurance companies in India (Source – CRISIL), has as its shareholders MetLife International Holdings LLC. (MIHL), Punjab National Bank Limited (PNB), M. Pallonji and Company Private Limited Jammu & Kashmir Bank Limited (JKB), and other private investors, with MIHL and PNB being the majority shareholders.
For more information, follow us on Twitter @PNBMetLife1, www.facebook.com/PNBMetLife, or visit PNB MetLife.
*Provided the policy is in-force and all due premium have been paid. The policyholder shall choose the desired Annuity Option, premium payment term and deferment period at inception. The annuity shall be payable in arrears under all options, after completion of the deferment period. **The first annuity payout date cannot be earlier than the completion of the deferment period.
PNB MetLife India Insurance Company Limited Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka IRDAI Registration number 117 | CIN U66010KA2001PLC028883.
PNB MetLife Grand Assured Income Plan (GAIN) (UIN: 117N134V01) is an Individual, Non-Linked, Non-Participating, Deferred Annuity Product. Annuity option, chosen at inception, cannot be altered during the term.
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
Tax 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.
The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.
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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 Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.
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