PNB Metlife is one of the topmost life insurance companies in India. Its shareholders are MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and many other private investors, MIHL and PNB are the major shareholders. PNB MetLife has been in the Indian insurance market since 2001. The company has many years of experience in the same. To deal with all the life insurance needs of customers, the company is catering to multiple life insurance products ranging from child insurance to savings plans and PNB MetLife pension plans among others.
|Business Line||Life Insurance|
The company is great at securing your post-retirement years with a bunch of pension plans that come out with great features and benefits as well. Below is a list of all such PNB MetLife pension plans for your convenience.
It is a non-linked traditional annuity plan. It is an effective plan that allows you to customize your retirement plan the way you want & get a guaranteed income for the rest of your life. Under this PNB MetLife Pension Plan, you have to pay only once and get regular income for a lifetime. It offers protection to your family.
|Entry Age||0 - 75 years|
|Minimum Annuity Payout||Rs.1000 per month|
|Annuity Payout Mode||Yearly/Half Yearly/Quarterly/Monthly|
|Maximum Annuity Payout||Subject to entry age of Annuitant & Purchase Price|
It is a non-linked participating pension plan that offers the gift of financial independence for your golden years. It comes out with different benefits and offers guaranteed income for your lifetime. The plan offers vesting and death benefits as well.
|Entry Age||30 - 65 years|
|Vesting age||50 - 75 years|
|Minimum Sum Assured||300000|
|Policy Term||5 - 30 years|
It is a traditional life insurance plan which is also popular by the name of Group Variable Non-linked Insurance Scheme. This group pension plan basically offers a comprehensive solution to employers who wants to outsource Superannuation liabilities effectively.
|Minimum Entry Age||18 years|
|Maturity Age||As per scheme rules|
|Group Size||10 - No Limits|
It is a group life pension plan that is highly used for retaining and securing the future of employees. This PNB MetLife pension plan offers financial assistance to employees and also acts as an employee benefits plan.
|Entry Age||18 years|
|Maturity Age||1 year less than the ‘Normal Retirement Age|
|Minimum Group Size||Group size in 10|
|Minimum Policy Term||Yearly renewable basis|
PNB MetLife Unit Linked Employee Benefit Plan is an employee benefit insurance plan that provides comprehensive solutions for employers who want to outsource administration and management of Leave Encashment and Gratuity liabilities effectively.
|Entry Age||18 - 74 years|
|Maximum Maturity Age||As per Individual employer’s scheme|
|Minimum / Maximum Contribution||Rs 1 lakh/500 cr|
|Policy Term||One year renewable|
Planning one's retirement is vital, given the fact that one may not have a regular source of income. With inflation, it is imperative that the investment one makes also maintains the tempo. PNB MetLife gives numerous retirement plans which make sure that you can retire peacefully, without any fear.
PNB MetLife retirement plans provide various benefits to policyholders. The ability to personalize those plans based on the private desires a policyholder has made them even more attractive.
Pension plans provided by the company are designed to offer regular income in addition to assured financial help for post-retirement. The flexible options provide the freedom to select a plan that not only provides life cover, however additionally financial protection to cherish one's life.
The numerous benefits of PNB MetLife Retirement Plans are highlighted below:
As soon as all the required files are acquired through PNB MetLife, we will process your claim within 30 days of receipt of the closing report for all instances in which similarly research is not required and up to 6 months from the date of intimation for cases where further investigation is needed.
Attestation is needed for certain documents. Kindly contact your closest PNB MetLife department for extra info.
For the same, you can simply visit the company site and login into your personal account to check all the things associated with your policy. And from there you can easily update your personal information.
Yes, during the policy term you are allowed to change nominee and you can do the same by contacting the insurer or login to you online account.
It all depends on the settlement agreement from your divorce. In case where your ex-spouse were to be awarded a portion of your pension benefit, then it may lower the benefit you receive.
Last updated on 27-07-2020