PNB MetLife Endowment Savings Plan is a savings and insurance oriented plan which gives you dual benefits. The Maximum Age at Maturity will be 99 years for all options except Joint Life cover option. He chooses annual premium of Rs 50,000. Our ULIP plan covers you till 99 years of age with an option to choose a premium term of 5 years, 10 years or whole life. PNB MetLife Mera Term Plan “Change is the only constant in Life” – Unknown. ; Grace Period – A grace period of 30 days is allowed for payment of premium after the due date for annual, half-yearly and quarterly modes of premium payment. Additional Benefits of MetLife Endowment Savings Plan. PNB MetLife Mera Term Plan and its life-cover of 99 years # brings forth the possibility of realizing your dreams, fulfilling the aspirations of your loved ones & gives them the security of a lifetime. The company was founded in 2001. For the Joint Life Cover option, the maximum maturity age is 75 years. A sum assured of Rs. It is a joint venture between PNB MetLife and MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji & Company Private Limited and … PNB MetLife Immediate Annuity Plan. For a 10 year plan, the payouts are payable for 240 months, for a 15 year plan the payout is for 180 months and for a 20 year plan, payouts are made for 120 months. PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India. MetLife Monthly Income Plan – 10 Pay ensures. PNB Metlife has claim settlement ratio of over 90% in the last couple of years. He has opted for the PNB MetLife Guaranteed Savings Plan and has chosen a premium payment tenure of 10 years and policy tenure of 20 years. This term plan comes with a unique feature which protects child education benefit as an additional layer of protection and a few more options. For monthly mode, the allowed period is 15 days. PNB Metlife Term Insurance. PNB Metlife Mera Term Plan Plus has unique features. PNB’s immediate annuity plan is a traditional non-linked pension plans which offers lifetime annuity to the policyholder after a single premium is paid. You can create and maximise your savings through bonus additions. Yearly bonus , if any, pay out enhances value of your plan. PNB MetLife Smart Platinum is a unit-linked insurance plan that gives you the flexibility to build your investment portfolio through 6 different funds. Tax-Free income and bonus , if any. Benefits Illustration for PNB MetLife Guaranteed Savings Plan: Let us take the case of a 30 year old businessman names Manohar. This online term plan can be customized keeping in mind the needs of your family and allows you to gift them the life they truly deserve. Receive monthly income for 15 years with a 10-year premium plan. One of the best features of this plan from PNB MetLife is that you get the much-needed flexibility of choosing your protection option against … He selects premium payment term of 10 years with policy term of 20 years. PNB MetLife is a partnership between one of the leading Indian banks, Punjab National Bank (PNB) and world’s leading insurance provider, MetLife International Holdings LLC (MIHL). Riders – The plan does not have any riders available. These two are the major stakeholders with some smaller partners as well, which are: Jammu & Kashmir Bank Limited (JKB), M. Pallonji & Company Pvt. You can also enjoy life insurance coverage for a longer tenure. Let’s understand how this plan works with an illustration.Aditya, who is aged 30 years, opts for the PNB MetLife Guaranteed Income Plan. In this case, the basic sum assured is Rs 4,58,337. You, as a policyholder have an option to choose annuity and frequency of payouts as per your needs. 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