"Spending a whole day looking for insurance is fun," said nobody, EVER!
    Close

    Tell us about yourself & we'll find the best Term/Cancer Life Insurance offers for you.

    Pnb Metlife Retirement/Pension Plans

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    Retired life comes with its own set of unique challenges and opportunities. While it does offer one the time to fulfil certain desires, there is often a limited source of money to utilise. With no regular source of income, maintaining the lifestyle one had in the past can be hard. This is why it is imperative to have a good retirement plan. Not only is money necessary for regular upkeep, but it becomes even more important given the health issues which can arise due to age. With medical treatments getting expensive by the day, a good insurance policy can act as a buffer. PNB MetLife is a leading player when it comes to retirement solutions in the country, offering a multitude of plans to individuals.

    PNB MetLife Retirement Plans are an ideal source of investment for those looking to secure their retired life, without having to spend exorbitant amounts. One can choose a plan which matches their expectations, with PNB MetLife providing a number of customisations.

    Benefits of PNB MetLife Retirement Plans

    Some of the benefits provided by PNB MetLife Retirement Plans are highlighted below:

    • Affordable – One can purchase these plans at affordable premiums, ensuring that they utilise their money judiciously.
    • Bonus – These plans earn bonuses, ensuring that the initial investment offers returns over time. This helps in beating inflation and rising costs of medical expenses.
    • Tax savings – One can avail tax benefits on the premium paid and any payment received, as per the current provisions of the Income Tax Act.
    • Flexibility – One can choose the premium and sum assured, based on their current needs and future expectations.
    • Limited premium – One needs to pay premium for a specific period of time, with the policy providing cover for an extended period after premiums are paid.
    • Protection – These plans offer financial protection in the event of demise of policyholder.
    • Loans – Certain schemes provide loans to policyholders to meet emergency financial requirements.

    Types of Retirement Plans offered by PNB MetLife

    PNB MetLife currently offers 9 retirement plans, as listed below:

    MetLife Money Back Plan:

    This is a non-linked plan which returns the money invested by an individual. The money is paid back from the fifth policy year onwards, providing a regular source of income to the policyholder. In addition to cash at regular intervals, it also provides protection against any unforeseen event. The cashback is in the form of a survival benefit, wherein 10% of the sum assured is paid till the 9th year of the policy. In addition to this, a maturity benefit equivalent to 60% of the sum assured is paid after the policy matures. In the event of demise of policyholder, a death benefit is paid to the nominee.

    Plan Name Entry Age Maturity Age Premium
    MetLife Money Back Plan Minimum: 13 years Maximum: 55 years Maximum: 65 years Minimum: Rs.23,119 Maximum: Rs.51,63,875

    MetLife Bachat Yojana:

    This is a non-linked, deferred participating endowment scheme designed to offer financial protection to the family of a policyholder. It is ideal for those looking for long-term protection. There is a provision for Simple Reversionary Bonus and Terminal Bonus under this scheme. The scheme offers a maturity benefit after the policy term. A death benefit is paid to the nominee if the policyholder passes away during the policy term.

    Plan Name Entry Age Maturity Age Premium
    MetLife Bachat Yojana Minimum: 20 years Maximum: 60 years Maximum: 75 years Minimum:
    • Annual – Rs.6,000
    • Semi-annual – Rs.10,000
    • Monthly – Rs.15,000
    Maximum: Rs.23,999 per policy

    MetLife Mera Wealth Plan:

    This is a plan which is linked to a fund performance. The policyholder can choose the kind of growth he/she expects from an investment, with an option to choose between six funds, each coming with a specific risk appetite. On maturity of the scheme, a maturity benefit equivalent to the fund value is paid to the policyholder. In the event of demise of the policyholder, a death benefit is paid to his/her nominee.

    Plan Name Entry Age Maturity Age Premium
    MetLife Mera Wealth Plan Minimum: 30 days Maximum:
    • Single, Regular pay – 60 years
    • 5 pay – 54 years
    • 10 pay – 60 years (policy term less than 25 years)
    • 10 pay – 55 years (policy greater than 25 years)
    Minimum: 18 years Maximum:
    • 5 pay – 74 years
    • Other premium payment terms – 80 years
    Minimum: Premier Mode:
    • Rs.1 lakh for Single pay, 5 pay
    • Rs.24,000 for Regular pay, 10 pay
    Online Mode:
    • Rs.1 lakh for Single pay
    • Rs.30,000 for 5 pay
    • Rs.24,000 for Regular, 10 pay

    MetLife Smart Platinum:

    This is a non-participating plan which is linked to certain funds. One can choose from 6 fund options, with the policy offering a maturity benefit once the policy matures. It also provides an option to withdraw certain sums from the fund during emergencies. In the event of demise of policyholder, a death benefit is paid to the nominee.

    Plan Name Entry Age Maturity Age Premium
    MetLife Smart Platinum Minimum: 7 years Maximum: 70 years NA Minimum:
    • Rs.30,000 for annual mode
    • Rs.60,000 (other modes)

    MetLife Easy Super:

    This is a unit linked scheme which helps one plan his/her retirement. It comes with 6 fund options to choose from, based on the risk appetite of an investor. It is ideal for those looking for extended cover at reasonable rates. There is a maturity benefit under this plan, with an option to choose a lumpsum amount or regular payouts. In the event of demise of policyholder while the plan is active, a death benefit will be paid to the nominee.

    Plan Name Entry Age Maturity Age Premium
    MetLife Easy Super Minimum: 18 years Maximum:
    • 60 years (15 year policy)
    • 55 years (20 year policy)
    Maximum: 75 years Minimum: Rs.12,000 per year Maximum: Rs.1.2 lakh per year

    MetLife Monthly Income Plan -10 Pay:

    This is a non-linked participating scheme which offers an assured monthly income to policyholders. The plan provides a maturity benefit which can either be taken as a lumpsum or in the form of regular, monthly income. The policy also earns Simple Reversionary Bonus and Terminal Bonus. A death benefit is paid to the nominee if the policyholder passes away while the plan is in force.

    Plan Name Entry Age Maturity Age Premium (Annualised)
    MetLife Monthly Income Plan -10 Pay Minimum: 18 years Maximum: 55 years Maximum: 65 years Minimum: Rs.23,280 Maximum: Rs.18,20,000

    MetLife Immediate Annuity Plan:

    This is a traditional, non-linked scheme which offers lifetime annuity after a single premium is paid. One can choose an annuity plan which matches their needs. They can also choose the frequency of their payouts. The policy has a provision to cover just the policyholder or jointly cover two people. In total, it offers 10 options to choose from.

    Plan Name Entry Age Maturity Age Premium
    MetLife Immediate Annuity Plan Minimum: Standalone annuity
    • Single life option – 30 years
    • Joint life option – 40 years
    Tied annuity
    • Single life option – 0 years
    • Joint life option – 18 years
    Maximum: Standalone annuity
    • 75 years
    Tied annuity
    • 90 years
    NA Minimum: Based on plan chosen, with minimum premium starting at Rs.3 lakh

    MetLife Retirement Savings Plan:

    This is non-linked, participating pension scheme. It provides a vesting benefit wherein the policyholder is paid the sum assured plus all bonuses accrued during the term. It comes with three premium payment options, with the policy term ranging between 5 and 11 years.

    Plan Name Entry Age Maturity Age Premium (annualised)
    MetLife Retirement Savings Plan Minimum: 30 years Maximum:
    • 64 years for Limited pay 10 years
    • 65 years for other plans
    Minimum: 50 years Maximum: 75 years Minimum:
    • Regular pay – Rs.7,044
    • Limited pay 10 years – Rs.13,128
    • Limited pay 5 years – Rs.35,990
    • Single pay – Rs.2,62,250

    MetLife Dhan Samriddhi:

    This is a unit linked scheme which can be purchased by paying a single premium. One can choose from 6 fund options, based on their financial requirements. The plan also provides the flexibility to switch between funds.

    Plan Name Entry Age Maturity Age Premium
    MetLife Dhan Samriddhi Minimum: 8 years Maximum: 65 years NA Minimum: Rs.2 lakh

    Why do you need PNB MetLife Retirement Plans?

    Planning one’s retirement is critical, given the fact that one might not have a regular source of income. With cost of living increasing every year, it is imperative that the investment one makes also keeps pace. PNB MetLife offers a range of retirement plans which ensure that one can retire peacefully, without having to worry about making ends meet.

    These plans offer a range of benefits to policyholders. The ability to customise these plans based on the personal needs a policyholder has makes them even more attractive.