PNB Investment Plans
PNB MetLife Guaranteed Savings Plan is an individual, non-participatin ...Read More
A quick read on what this PNB Investment Plans term plan covers and why it might be a fit for you.
PNB MetLife Guaranteed Savings Plan is an individual, non-participating, non-linked savings-plus-life insurance policy. By serving dual purposes of creating a savings corpus while also ensuring a life cover, the Guaranteed Savings Plan ensures that your family's monetary needs are looked after even in your absence.
PNB MetLife Guaranteed Savings Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the PNB MetLife Guaranteed Plan works with a simple premium illustration.
Mrs. Verma is looking for an investment plan to create long-term wealth for her child.
Her financial advisor advised her to buy the PNB MetLife Guaranteed Plan. She visited PolicyX.com
Let's understand how the PNB MetLife Guaranteed Plan works for her with a premium illustration table.
| Age of policyholder | Annual Premiums | Policy tenure | Sum Assured | Maturity Benefits |
| 35 years | Rs 50,000 | 10 years | Rs 5,50,000 | Rs 9,91,000 |
Key Takeaways: At the end of the policy tenure, the maturity benefits of Rs 9,91,000 are paid to the policyholder.
There are various benefits to buying the PNB MetLife Guaranteed Savings Plan. Let's understand each of them in detail:
Key features that make PNB MetLife Guaranteed Savings Plan stand out.
Additional Riders
Riders safeguard against unexpected events that could otherwise leave a dent in your finances. They can be added to the basic plan at nominal charges.
Revival
The revival period for a lapsed/paid-up policy is typically 5 years. In case of a lapsed policy, the insured needs to pay all pending premiums along with any levied interest.
Grace Period
Under this benefit, the insured gets 15 days for monthly premium payments and 30 days for other frequencies to pay the premium without any penalty.
Alterations
The insured is permitted to change the premium payment frequency and income payout frequency. A plan chosen at the time of buying the policy cannot be changed.
Keep these documents handy when applying for PNB MetLife Guaranteed Savings Plan.
Photo ID Proof
Photo ID Proof (either of one): Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (either of one): Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (either of one): Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof (either of one): Bank statement, last three months' salary slips (if you are salaried).
You can buy the PNB MetLife Guaranteed Savings Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Here are the key features of the PNB MetLife Guaranteed Savings Plan.
| What's Good Here | What's Missing |
| Loan Benefit | Premium Offset |
| Additional Riders | High Sum Assured Rebate |
| Discounts on High Sums Assured | Auto Cover Continuance |
| Maturity Benefit | Top-up Premium |
If you are looking for an investment plan that offers guaranteed returns for you and your family, you must opt for PNB MetLife Guaranteed Savings Plan. This plan offers guaranteed benefits.
For more information about this plan, visit PolicyX.com or call 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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