Life Insurance cover that gives guaranteed benefits with an inbuilt waiver of premium

Mumbai, March 9, 2023: As the cost of higher education continues to climb around the world , PNB MetLife, one of India’s leading life insurance companies, is launching a new solution to help parents financially prepare to support their children’s future. PNB MetLife Genius plan is an individual, non-linked, non-participating, saving, life insurance plan that offers life insurance cover while allowing parents to save for their child’s education.

Key benefits include:

• Guaranteed Benefits to secure your child’s future
• Flexibility to save with a unique and customisable pay out structure
• 1.5% higher benefit for girl child*
• In-built waiver of premium on death
• Option to choose additional protection against Accidental Total Permanent Disability (ATPD)
• 1.5% higher benefit for PMLI’s existing customers#

Announcing the launch of the PNB MetLife Genius Plan, Sameer Bansal, Chief Distribution Officer at PNB MetLife said, "Education is one of the biggest costs we face in raising children and many parents are worried about saving enough as well as how they would manage if they lost their ability to earn an income. We are excited to launch the PNB MetLife Genius Plan, a life insurance plan aimed at helping parents save for their children and live confidently.”

Bansal further added, “To provide additional benefit to parents of the girl child, PNB MetLife Genius Plan’s variant Child Secure offers 1.5% higher income benefits if the policy is taken for a daughter."

Ace Badminton player and the Brand ambassador for PNB MetLife, PV Sindhu, said, “I owe so much of my success to the love and support of my parents who saw my potential and dedicated so much time, money and energy into helping me achieve my dreams. I’m delighted that PNB MetLife has launched this solution to help parents across India to support their children’s future. I’m sure this plan will help parents tell their kids “Karo Bade Sapno Ki Tayyari” and enable their children to achieve their dreams and aspirations.”

Sindhu's father P.V. Ramana, shared, "I never wanted my daughter to miss out on anything in life. So, I began saving for her future quite early. I am very proud of all that she has achieved in her career as a badminton player. I would urge all parents to put a lot of thought into securing their child's future so they can shine bright in whatever field they choose for themselves. PNB MetLife Genius Plan is a brilliant plan that will help you to save your hard-earned money wisely and ensure your child's dreams stay on-course despite uncertainties.”

Sameer Bansal, Chief Distribution Officer, PNB MetLife also added, “Many surveys point to the fact that parents are constantly worried about the rising cost of education, especially when the child is ready for higher education. This is the time when most parents may not be financially ready to support their child’s aspirations. While it is imperative to start saving early to benefit from compounding, very often, parents don’t know how or where to start saving, and the PNB MetLife Genius Plan aims to offer a simple solution which addresses these key concerns.”

For more information, risk factors and disclaimers on PNB MetLife Genius Plan (UIN 117N135V02), please visit PNB MetLife's website.

* The Dhanlakshmi Benefit is applicable to PNB MetLife Genius plan’s Child Secure option only.

# Available for both PNB MetLife Genius Future Secure and PNB MetLife Genius Child Secure options. Not available if Dhanlakshmi Benefit is availed.

For more information contact:

Tamali Nandi
tamali.nandi@veritasreputation.com
9820362255

About PNB MetLife India Insurance Company Limited

PNB MetLife 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”. PNB MetLife India Insurance Company Limited, Registered oce 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 no. U66010KA2001PLC028883. 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. 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, Opposite Veer Savarkar Flyover, Goregaon (West), Mumbai - 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-4179020