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    PNB MetLife launches Guaranteed Goal Plan – a systematic savings solution with assured benefits
    16-02-2022
     
    • Provides Guaranteed benefits with tax benefits 
    • Provides flexibility in payout options·   
    • Includes Life cover for the entire policy term
    • Yields higher benefits basis the premium selected 

    Mumbai, February 16, 2022: With an aim to assist customers using need-based products & solutions, PNB MetLife has launched their PNB MetLife Guaranteed Goal Plan, a savings-oriented life insurance plan that offers guaranteed returns and allows for customization to customers’ savings schedules.

    With customer-centricity at its core, PNB MetLife Guaranteed Goal Plan allows customers to design their own plan as per their individual needs. The customer has the flexibility to choose a duration of premium payment from a single premium all the way up to 12 years. Also, customers can go for a guaranteed lump sum payout on maturity or a structure which pays a guaranteed income after completion of the premium payment term and a lump sum amount at maturity. This new offering also comes with built-in life insurance cover till maturity, waiver of premium on death or diagnosis of critical illness and the option of accidental death and critical illness coverage: range of choices to safeguard the wellbeing of loved ones against uncertainties.

    Commenting on the launch, Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said, “The customer's perception of insurance has seen a shift in the current circumstances; they are now well-informed and require distinct solutions to fit their diverse needs. With the introduction of this plan, we endeavor to provide customers with an easy solution that enables savings while at the same time providing protection, helping our customers to protect and provide financial support to dream bold.”

    Nowadays, individuals are fine-tuning their finances to keep up with any challenge’s life might throw at them. Depending on which stage of life an individual is at, be it planning a stable income for retirement, managing children’s education, or building a fund for health emergencies, establishing one’s dreams and goals and then working towards them is always of the utmost priority.

    Key highlights of the plan:

    • Lumpsum Option: Under this, the Guaranteed Maturity Benefit will be payable at the maturity date. 
    • Income + Lumpsum Option: Guaranteed Survival Benefit will be payable every year post the completion of the Premium Payment Term along with a Guaranteed Maturity Benefit on the maturity date. 
    • Pay as you like: Choose to pay for 5, 7, 10 or 12 years for either of the plan options, or choose a single premium with the lump sum option and the option of Joint Life available under the single premium payment option only. 
    • Additional benefits to boost your corpus: 1) Guaranteed addition of 5% of Total Annualized premium paid till date gets accrued every year during premium payment term. 2) Wealth Additions ranging from 3.2% to 9% of Total Annualized Premium paid till date get accrued or paid every year after premium payment term1 3) Higher Benefits for higher premium payment
    • Protection: Safeguard against uncertainties – 1) Get life cover for the entire policy term. 2) Get a Waiver of premium on death or diagnosis of critical illness with Family Care and Health Care options and option to enhance your protection through Accidental Death and Serious Illness rider coverage.

    The PNB MetLife Guaranteed Goal Plan is a new addition to PNB MetLife’s unique insurance bouquet, resulting in a holistic life insurance solution for customers to invest in.

    A person aged 40 years investing Rs. 1 lakh in Income lumpsum option for a premium payment term of 12 years, will start receiving a Guaranteed Survival Benefit payout of Rs.1,61,938 from end of 13th policy year till end of the policy term along with a lumpsum payout of Rs. 2,50,840 at maturity. The benefits in this plan are tax-free subject to provisions and conditions of the Income Tax Act, 1961.

    About PNB MetLife India Insurance Company Limited

    India Insurance Company Limited (PNB MetLife), one of the leading life insurance companies of 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

    • The marks “PNB” and “MetLife” are the 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”. 

    Annexure

    The plan at a glance

    Benefit payout options

    This is a guaranteed savings plan wherein at the inception of the policy, the policyholder can choose to receive benefits in any one following form:
    Option 1: Lumpsum Option: Sum Assured on Maturity along with accrued Guaranteed Additions and accrued Wealth additions is paid as a lump sum at the end of the policy term.
    Option 2: Income + Lumpsum Option: Guaranteed Survival Benefits will be payable at each policy anniversary after the completion of Premium Payment Term till Maturity. Sum Assured on Maturity is payable as Lumpsum at Maturity.

    The above benefits will be payable provided the policy is in force and all due instalment premiums have been paid.

    Additional Benefits

    Family Care Benefit: Waiver of Premium in case of Death of Life Assured

    Health Care Benefit: Waiver of Premium in case of diagnosis of any of 35 Critical Illness listed.

    Disclaimer

    Collapsed Expanded

    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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