PNB Metlife Pension Plan helps the Policyholders to secure their future by investing the small amount of money during their Earning days. At the end of the policy, the insured can get the annuity amount for their Golden Years of Retirement.
PNB Metlife Pension Plan Details
PNB Metlife primary motive is to incorporate the social responsibilities such as Community needs and to encourage children education. Metlife Insurance mainly offers the Pension plan to provide Financial Support for all people in their Retirement time. PNB Metlife Pension plan provides specific benefits to spending a peaceful life after retirement with your loved ones. Are you worrying about your Income after retirement then take it as a good time to buy a PNB Metlife Retirement Plan. By investing the small amount of money, you can get a fixed annual Amount throughout the Retirement Years. Therefore, by proper utilisation of PNB Metlife Pension Plan, individuals can have a bright future and can fulfil their dreams.
Need of PNB Metlife Pension Plan
Nowadays, every person is busy in leading their life and not in a situation to look at others lives. In the end, each person wants to be independent and does not need any Financial support from others. For all those individuals, PNB Metlife company is offering the PNB Metlife Pension plan to pay a dignified and independent Future. By using this pension scheme, the policyholder can access all the relevant features. By investing the little amount of money, at the end of the PNB Metlife Pension plan the Life assured can get the annuity amount. Through this sum, the insured can lead the rest of life without any worries.
PNB Metlife Pension Plan Key Features
The following are the key features of the PNB Metlife Pension Plan.
- Guaranteed monthly income for your Family
- Discount on higher sum Assured
- Reasonable Annual Premiums
- Long Term Savings
- Life Coverage
- Financial Protection through Regular Income
- Part lump sum on maturity
- Extend Accumulated Savings
- Single Premium
- Reasonable charge on premium
- Loyalty Additions on Sum Assured
- Option to change Sum Assured
Metlife Retirement Plan Benefits
PNB Metlife Retirement plan offers an enormous number of Benefits for all Policyholders. By using these advantages, the Life assured can lead a peaceful life without any Financial Problems.
Death Benefit:
The Death benefits will apply to the Policy Holders in the case of sudden death. In that case, the nominee will receive the death benefit which will be higher than the following
- Fund value
- Sum assured less partial withdrawals
- 105% of total premiums paid excluding service tax.
Maturity Benefit:
- The Maturity benefit will be applicable only if the Life Assured can survive till the completion of the policy. Then the total annuity amount is refundable to the Policyholder.
Tax Benefit:
Tax Benefit is also provided under this plan.
PNB Metlife Pension Insurance Plans
PNB Metlife offers various Pension Insurance plans to provide benefits for all Policyholders. The Life Assured can buy any of these insurance policies to build a bright future of their own without depending on others. There are about 9 Pension Plans offered by PNB Metlife Insurance Company.
- Metlife Money Back Plan
- PNB Metlife Bachat Yojana
- Metlife Mera Wealth Plan
- Metlife Smart Platinum
- PNB Metlife Easy Super
- Metlife Monthly Income Plan – 10 pay
- PNB Metlife Immediate Annuity Plan
- Metlife Retirement Savings Plan
- Metlife Dhan Samriddi Plan
PNB Metlife Money Back Plan
MetLife Money Back Plan offers guaranteed money back at regular intervals of time along with protection from unexpected events.
Key Features of Metlife Money Back Plan
- The Policyholder can receive survival benefits of 10% of Initial Sum Assured from 5th to the 9th policy year.
- Metlife Money Back Plan will return 110% of Base Sum Assured amount over the entire lifetime of the policy term.
- The Life Assured will receive full death benefits.
- The insured will access tax benefits under section 80C and 10(10D).
Benefits
Survival Benefits:
- The Policyholder will receive survival benefits of 10% of Base Sum Assured from 5th to the 9th policy year.
Eligibility Criteria:
| Particulars | Boundary Conditions |
| Premium Payment Term | Regular |
| Min. Age at entry* | 13 Years |
| Max. entry age | 55 Years |
| Max. Age at maturity* | 65 Years |
| Policy Term | 10 Years only |
| Min Sum Assured | Rs. 250,000 |
| Max Sum Assured | Rs. 5 Crore |
PNB Metlife Money Back Plan Brochure
PNB Metlife Bachat Yojana
MetLife Bachat Yojana helps the Policyholder to take life head on and get long term financial objectives through affordable instalment premiums.
Key Features of Metlife Bachat Yojana
- The Metlife Bachat Yojana allows for Long term savings with affordable premiums.
- Life Assured can pay only for ten years and get covered for 15 years
- Bachat Yojana Offers Sum Assured plus and also Bonus.
- In the case of sudden death of the Policyholder during the policy period of 15 years, the Insured Family will get Sum Assured and some Bonus.
Benefits
Simple Reversionary Bonus & Terminal Bonus:
Bonus payout will be added to your policy from the third year onwards until the end of the policy term. The bonus will be paid out upon death or at the end of the policy term.
Eligibility Criteria:
| Particulars | Boundary Conditions |
| Minimum ages at entry* | 20 years |
| Maximum ages at entry* | 60 years |
| Max. Age at maturity* | 75 years |
| Premium Payment Term Options | 10 years Limited Pay |
| Policy Term | 15 years |
| Min. Sum Assured | Rs. 64,800 |
| Max. Sum Assured | Rs. 5 Lakhs |
| Min. Premium | Annual: Rs. 6,000 Semi-Annual: Rs. 10,000 Monthly/PSP:Rs. 15,000 |
| Max. Premium | Rs. 23,999 per Life |
Official PNB Metlife Bachat Yojana Brochure
PNB Metlife Mera Wealth Plan
PNB Metlife Wealth Plan is a plan that enables the Policyholder to provides the Financial Support for goals to achieve at each and every stage of Life.
Key Features of PNB Metlife Mera Wealth Plan
- Wealth plan offers an investment plan that covers the Goals of Life Assured.
- Provides excellent returns for hard earned savings.
- Gives rewards for being invested and provides some loyalty additions.
- Provides life full time Financial coverage to the Insured.
Benefits:
Loyalty Benefits:
The Life Assured will get Loyalty Additions for both premier and online options every year from the end of 6th policy year till maturity.
Eligibility Criteria:
| Premium Payment Type | Single Pay | 5 Pay | 10 Pay | Regular Pay |
| Premium Payment Term (years) |
Single premium | 5 | 10 | Same as policy term |
| Minimum Term of the Policy | 10 | 10 | 11 | 10 |
| Maximum Policy Term |
20 | 20 | 30 | 30 |
| Minimum Age at entry (years)* |
0 (30 days) | 0 (30 days) | 0 (30 days) | 0 (30 days) |
| Maximum Age at entry (years)* |
60 | 54 | 60 (policy term<=25 years), 55 (policy term>25 years) |
60 |
| Minimum age at maturity (years)* |
18 years | 18 years | 18 years | 18 years |
| Maximum age at maturity (years)* |
80 | 74 | 80 | 80 |
| Minimum Annualized Premium (Rs) (PREMIER) |
100,000 | 100,000 | 24,000 | 24,000 |
| Minimum Annualized Premium (Rs) (ONLINE) |
100,000 | 30,000 | 24,000 | 24,000 |
PNB Metlife Mera Wealth Plan Brochure
PNB Metlife Smart Platinum Plan
PNB Metlife Easy Super Plan
MetLife Easy Super Plan is just like the Metlife Smart Platinum Plan which fulfils the needs of Life Assured through 6 different funds. The policyholder can also opt to Auto Rebalancing Strategy also to access some beneficial features to secure their life after Retirement.
Monthly Income Plan – 10 Pay
Metlife Monthly Income Plan – 10 pay allows the Insured to pay the premiums for 10 Years. The monthly premiums deposited by the Insured are free from Taxation. Discounts are also provided for Premiums on Yearly (3%)and Half yearly (1.5%) basis.
Metlife Monthly Income Plan – 10 pay
Metlife Immediate Annuity Plan
The Metlife Immediate Annuity Plan provides a comfortable way of living the life after the retirement. This plan also provides the Financial Security in the form of guaranteed income for the rest of the life.
Immediate Annuity Plan Brochure
Retirement Savings Plan
Retirement is a stage where a person completely stops the Employment and is free from the work. In the real sense, retirement means enjoying with your family, grandchildren or your friends, without having to think about work or income. In that period, this Retirement Savings Plan offers a financial support through its features.
PNB Metlife Retirement Savings Plan Brochure
PNB Metlife Dhan Samriddi Plan
Every person works hard to earn money and to secure their future without any Financial Crisis. MetLife Dhan Samriddhi Plan offers various benefits for investing savings along with insurance coverage to earn loyalty additions on maturity to optimise the return investments.
PNB Metlife Pension Plan Premium Calculator
You can calculate the Minimum Premium to be Paid to adopt the Policy by Using the PNB Metlife Pension Plan Premium Calculator. The Premium Amount to be paid will always depend on the Sum Assured, Policy Terms and conditions, Premium Payment Options and Policyholder Age. To calculate the Premium Value, you need to enter Some Basic personal details such as Name of the Insured, E-mail Id, Mobile Number, Age, Policy Term, and Minimum Sum Assured.
PNB Metlife Pension Plans Buying Process
PNB Metlife Pension Plans are available at the Nearest Metlife Insurance Branch Office, or you can buy from the Agent of PNB MetLife Insurance Company. The Proposal Forms are also available at the PNB Metlife Official website. The individuals can directly download them from the homepage. Some PNB Metlife Pension Plans can also be bought through online at Metlife Official page. The Documents required for buying PNB Metlife Pension Plans are listed below.
- Application form / Proposal form with the proper photo.
- Address Proof for validation.
- Age Proof.
- Medical Reports (if Mandatory).
PNB Metlife Pension Plan Claim Process
The Policyholder / Nominee can apply for the Claim in the case of Sudden Death or Disability Occurred due to the Sudden Accident of the Policyholder within the Policy Term or if your Policy Maturity Period completed. The respective individual can apply for Claim process through online at the PNB Metlife official website, i.e., www.pnbmetlife.com or through the alternative modes such as at Branch Office, Helpline Number, Mail Id services. The Documents required in PNB MetlifeLife Claim Process are
- Original Policy Document.
- Death Certificate Original from Municipal / Local Authorities.
- Claimant’s Statement and Claim Forms.
- Hospital Records including Discharge Summary.
- NEFT Form.
- Date of Birth Proof.
- Address Proof of Nominee.
- A copy of Pass Book.
- Additional documents, in the case of death, occurred due to unnatural or accidental death.
Additional Details about PNB Metlife Pension Plans
Surrender Value:
The Policyholder can Surrender his PNB Metlife Pension Plan before the Maturity within three years of the policy period. Otherwise, the Insured have to wait for a period of five years.
Free Look Period:
If the Policy Holder does not satisfied with the Terms and Conditions of the Policy, then the Policyholder can raise the objections about the PNB Metlife Pension Plan within 15 Days from the date of receipt of the Policy Document.
Grace Period: The Grace Period of one month but not less than 30 days will be allowed for yearly, half-yearly, quarterly modes and 15 days for the Monthly Mode of Premium Payment. Grace Period is a Term when you can Pay the Due Premiums to Continue your Policy.