Are the benefits guaranteed?

The plan provides guaranteed benefits as defined by the selected option and policy terms. The amount and timing depend on the policy configuration.

Does it provide life cover?

Yes. Life insurance protection is provided during the policy term, subject to the policy conditions.

Can I receive periodic income?

Yes. The Income + Lump Sum option provides eligible guaranteed survival benefits after the premium payment term and a lump sum at maturity.

Is this a term insurance plan?

No. It is a savings-oriented life insurance plan, not a pure term insurance plan.

PNB MetLife Guaranteed Goal Plan: Premium and Benefits

PNB MetLife Guaranteed Goal Plan Overview

PNB MetLife Guaranteed Goal Plan is an individual, non-linked, non-participating savings life insurance plan (UIN 117N131V06). It combines life insurance protection with guaranteed benefits under the selected option. The Lump Sum option pays the guaranteed maturity benefit at the end of the policy term. The Income + Lump Sum option pays guaranteed survival benefits after the premium payment term and a guaranteed maturity benefit at the end of the policy term. Guaranteed additions may accrue during the premium payment term, subject to the policy conditions.

Choose a lump sum at maturity or income payouts plus a maturity lump sum

Expert Review of PNB MetLife Guaranteed Goal Plan

This plan is intended for people who want to save towards a defined financial goal while retaining life insurance protection. It offers a choice between receiving a maturity lump sum and receiving income payouts along with a maturity lump sum. The right option depends on when the money is needed and whether periodic income or a single payout is more suitable. Premiums, policy terms, maturity amounts, and income benefits vary by age and chosen configuration. Do not treat an example benefit illustration as a universal return. Review the current official brochure and personalised benefit illustration before buying.

Pros

Combines life insurance protection with defined savings benefits.
Offers a choice between a maturity lump sum and income plus lump sum.
Guaranteed additions may increase benefits under the policy terms.
Offers several premium payment terms, including single pay.

Cons

The minimum premium depends on the premium payment term and policy configuration.
The policy is designed for a defined term and may not suit short-term savings needs.
Early surrender may result in a lower payout than the total premiums paid.

About PNB MetLife (Insurer Profile)

PNB MetLife

Key Insights

Founded

2001

PNB MetLife was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.

Claims Experience

99% CSR, calculated as a 3-year average

PNB MetLife settles 99% of all claims it receives, demonstrating strong credibility.

Contact Details

1800-425-6969

Headquarters: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, India

PNB MetLife Guaranteed Goal Plan Features and Benefits

Life insurance cover

Provides a death benefit during the policy term according to the policy wording.

The policy must be in force and satisfy applicable claim conditions.

Guaranteed maturity benefit

The Lump Sum option pays the applicable guaranteed maturity benefit at the end of the policy term.

The amount depends on the policy configuration.

Income plus lump sum option

The eligible option pays guaranteed survival benefits after the premium payment term and a lump sum at maturity.

Payout timing and amount depend on the selected policy.

Guaranteed additions

Guaranteed additions accrue during the premium payment term according to the policy rules.

The amount depends on the premium and selected terms.

Flexible premium payment

Offers single-premium and limited-premium payment configurations.

Not every policy term is available with every payment option.

What PNB MetLife Guaranteed Goal Plan Does Not Cover (Exclusions)

Conditions or treatments that the policy clearly says it will not cover.

The policy terms exclude death due to suicide within the first 12 months, subject to the applicable policy provision.
Health Care Benefit, if selected, has its own waiting period and disease-specific and general exclusions.
Optional riders are subject to separate terms, conditions, and eligibility requirements.

Disclaimer: For illustration purposes only - exact terms are in the policy wording.

PNB MetLife Guaranteed Goal Plan FAQs

What is PNB MetLife Guaranteed Goal Plan?

It is a non-linked, non-participating savings life insurance plan that offers life cover and guaranteed benefits under the selected option.

What payout options are available?

The plan offers a Lump Sum option at maturity and an Income + Lump Sum option that pays eligible survival benefits after the premium payment term, along with a maturity lump sum.

What is the minimum premium?

The official product page lists minimum annualised premiums of ₹11,286 for eligible 5-, 7-, 10- and 12-year premium-payment terms. Single-premium policies have a separate minimum of ₹50,000. Confirm the applicable amount and policy configuration in the current brochure.