PNB Metlife Guaranteed Goal Plan: All You Need to Know
Regardless of one's stage of life, whether it's arranging a steady income for retirement, managing children's education, or developing a health-care fund, identifying one's ambitions and goals and then working toward them is always a top priority. The PNB MetLife Guaranteed Goal Plan is a savings plan that allows you to put money aside on a regular basis while receiving guaranteed returns. The PNB MetLife Guaranteed Goal Plan safeguards your goals from unforeseeable life events while giving you complete control and flexibility over how you save. It was made with the intention of allowing you to enjoy your independence while simultaneously assuaging your fears about the future. Customers can personalize their plan by choosing from a single premium payment period to a 12-year premium payment period. The new plan offers built-in life insurance coverage till maturity, premium waivers in the case of death or a critical illness diagnosis, and accidental death and critical illness coverage. PNB MetLife Guaranteed Goal Plan in a nutshell Secure future with Guaranteed Benefits Flexibility to receive benefits as Lumpsum or Guaranteed Income Boost corpus with Guaranteed Additions & Wealth Additions Higher benefits for higher premium payment Flexibility to accumulate survival benefits & receive payouts on date of your choice Life cover for entire policy term What you don’t get Suicide Exclusion
If the Life Assured’s death is due to suicide within twelve months from the date of commencement of the risk or from the Date of Revival of the Policy as applicable, the Nominee of beneficiary of the Policyholder shall be entitled to 80% of the total Premium paid under the Policy till the date of death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in Inforce status Waiting Period if Health Care Benefit is opted
A waiting period of 90 days is applicable from inception of the policy or from any subsequent revival, whichever is later. If a claim related to Health Care Benefit occurs during Waiting period, total premiums paid shall be refunded and the policy will terminate.
If a Critical Illness is contracted during the Waiting Period, then total premiums paid shall be refunded and the policy will terminate. Exclusions for Critical Illness if Health Care Benefit is opted
No waiver of premium benefit will be payable if the Critical Illness is caused or aggravated directly or indirectly by any of the mentioned conditions under Exclusions section in Term & Conditions of the policy. Please refer complete Sales Brochure/Policy document for details of the exclusions.