PNB MetLife has launched their PNB MetLife Guaranteed GoalPlan, a savings-oriented life insurance plan that offers guaranteed returns and allows for customization to customers’ savings schedules.
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 froma 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 lumpsum 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 Annualizedpremium 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.