If you have a Goal,

we have a plan to
Guarantee it **

PNB MetLife

Guaranteed Future Plan

An Individual, Non-linked, Non-Participating, Savings, Life Insurance Plan.
UIN: 117N124V10

KEY FEATURES
Flexibility to opt for Life cover throughout
Guaranteed** Tax savings~
Guaranteed** payout as policy term to protect
Benefits benefit
lumpsum or regular income your loved ones

~
Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for
more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
 We all go through various phases of life - from being young and unmarried to
married, having children and then the golden years. Throughout life we have various
aspirations for ourselves and for our family members like providing world class
education to children, once they grow-up helping them with starting off in life and in
marriage, buying a house, creating a retirement plan for yourself etc.
These goals are often accompanied by added responsibilities, unforeseen expenses
and the likelihood of any uncertainty like death, disease or disability. These
unforeseen events can be financially catastrophic for the family. Saving for each of
these life goals in a disciplined manner throughout ones earning years is the only
proven strategy for achieving your financial goals. Adequate protection for the
unforeseen events is essential to ensure these goals are not jeopardised.
At PNB MetLife, we are always in the pursuit of offering products & solutions which
meet these specific needs. Life Insurance offers you the dual benefits of allowing
you to save and also safeguard you and your family from some of the unforeseen
contingencies.
With the same ethos, we present to you the “PNB MetLife Guaranteed Future Plan”,
a plan that helps you systematically save and offers guaranteed** returns. It also
safeguards you against certain unforeseen life events. The plan ensures that you are
able to meet your life’s financial goals with higher degree of certainty. The plan
offers you complete control and flexibility to customise your savings schedule based
on your needs and affordability. You can also choose the manner in which you
receive maturity amounts (i.e. Income, Lump-sum or combination thereof) and can
also customise the timing to best meet your requirements.

WITH PNB METLIFE GUARANTEED FUTURE PLAN

• Secure your future with Guaranteed** benefits.
• Get flexibility to receive benefits as Lumpsum or Guaranteed** Income.
• Boost your corpus with Guaranteed additions and Wealth additions* Get additional
Boosters – Additional income payouts at fixed intervals with Income + Boosters
Option^.
• Customization of income payouts to suit your needs – Choose any date to commence
the income pay-out to coincide with any special date like birthdate or anniversary
date.
• Get rewarded for higher premium payment.
• Safeguard your family’s future with life cover for entire policy term.

* Guaranteed additions will be available with all options, Wealth additions will be available with Lumpsum & Income
+Lumpsum options only.
^ Boosters will be available with ‘Income +Boosters’ Option only and will not be available with other options.

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 KEY BENEFITS
• Pay as you like: Choose from various premium payment options from 5, 7 to 15
years or Single pay
• Guaranteed1 Income ranges from 101.38% to 235.18% of Annualised premium
• Additional benefits to boost your corpus –
o Guaranteed additions2 which accrue with every premium payment
o Wealth additions3 which accrue after completion of premium payment term
o High Premium Reward for higher premium payment
• Booster additions ranging from 9.90% to 354.09% of Annualised premium in
addition to your regular income payout4 with Income + Boosters option.
• Flexibility to receive your income payout on the date of your choice5
• Protection: Safeguard against uncertainties
o Get life cover for the entire policy term
o Option to enhance your protection through Accidental Death and Serious
Illness rider coverage
• Tax benefits: You may be eligible to avail tax benefit on premiums paid and
benefits received, as per prevailing tax laws

1
Guaranteed Income Payout percentage will vary based on Premium payment term, age, policy term and benefit
option chosen. Guaranteed Income is not payable in Option 1.
2
Guaranteed Additions (GA) will accrue throughout Premium Payment Term as a percentage of Annualised
Premium and will vary based on Premium payment term, entry age and benefit option chosen.
3
Wealth Additions (WA) will be available with ‘Endowment’ & ‘Income + Lumpsum’ options. WAs accrue after
completion of Premium Payment Term as a percentage of Total premiums payable and will vary based on Premium
payment term and entry age.
4
Booster additions will be available with ‘Income+ Booster Option’ percentage will vary based on Premium payment
term, age, policy term.
5
Policyholder cannot choose the date preceding the due date of the income payout.

HOW DOES YOUR PLAN WORK?

Let’s look at a few examples:
Illustration 1:
Sameer, aged 40 years has a 3-year-old daughter. He wants to save in a plan which
provides a guaranteed** corpus to secure his daughter’s future. He chooses PNB MetLife
Guaranteed Future Plan and selects:
• Benefit Payout Option – Option 1- Endowment option
• Premium payment term of 7 years and Policy term of 15 years
• Annualised Premium of Rs. 1,00,000 (exclusive of taxes/cesses) and gets Basic
Sum Assured of Rs. 10,00,000
Scenario I: If Sameer survives till Maturity, he will receive a lumpsum of
Rs. 13,18,520 at maturity when his daughter turns 18 years of age.

03
 Benefits Amount (Rs.)
Guaranteed Addition of (9% x Rs. 1,00,000 Annualised Premium) (i) 9,000
High premium reward (12% x Rs. 1,00,000 Annualised Premium) (ii) 12,000
Total Guaranteed Additions per annum (i + ii) 21,000
Accrued Guaranteed additions (A) 21,000 x 7 = 1,47,000
Accrued Wealth additions (B) (8.42% x Total premiums payable 8.42% x 7,00,000 x 8
x No. of payouts) = 4,71,520
Total Premiums Payable (C) 7,00,000
Guaranteed Maturity Benefit (A + B + C) 13,18,520

Life cover throughout the policy term

Guaranteed
Maturity Benefit
Guaranteed additions of Rs. 21,000 accrue every year Rs. 13,18,520

Annualised Premium of Rs. 1 lakh for 7 years Wealth additions of Rs. 58,940 accrue every year

Year 0 6 15
Age 40 46 55

Scenario II: In case of unfortunate demise of Sameer in the 10th policy year, his
nominee receives a lump sum Death benefit of Rs.11,00,000 and the policy
terminates.
Illustration 2:
Sachin, aged 40 years wants to plan his retirement and buy a plan that provides him a
guaranteed income pay outs during his golden years. He chooses PNB MetLife
Guaranteed Future Plan and selects:
• Benefit Payout option – Option 2 - ‘Income Option’
• Premium payment term of 15 years, Deferment period of 0 years and Policy term
of 30 years
• Annualised Premium of Rs. 1,00,000 (exclusive of taxes/cesses) and gets Basic
Sum Assured of Rs. 10,00,000

Scenario I: He starts receiving a Guaranteed Income payout of Rs. 2,18,610 from end
of 16th policy year till end of the policy term.
He can choose to start receiving a Guaranteed Income payout at any selected date
during the income payout year till the due date of next income payout provided it is
succeeding the due date of income payout.

04
 Benefits Amount (Rs.)
Guaranteed Addition of (106.61% x Rs.1,00,000 Annualised Premium) (A) 1,06,610
High Premium Reward (12% x Rs.1,00,000 Annualised Premium) (B) 12,000
Guaranteed Additions per annum (A) + (B) 1,18,610
Total Accrued Guaranteed Additions ((A+B) x Premium Paying Term) 1,18,610 x 15 = 17,79,150
Guaranteed Income Payout = Total accrued Guaranteed Additions + 17,79,150 + 15,00,000)/
Total Annualised Premium/ Income Payout Period 15 = 2,18,610
2,18,610 x 15=
Total Benefit paid = (Guaranteed Income x No. of payouts)
32,79,150

Life cover throughout the policy term

Guaranteed additions of Rs. 1,18,610 every year Guaranteed Income payout of Rs. 2,18,610 p.a. till end of policy term

Return of Annualised Premium of Rs. 1,00,000

Annualised Premium of Rs. 1 lakh for 15 years

Guaranteed additions of Rs. 1,18,610 p.a.

Year 0 14 16 30
Year 40 54 56 70

Scenario II: In case of unfortunate demise of Sachin in the 25th policy year, his
nominee receives a lump sum Death benefit of Rs. 15,75,000 and the policy
terminates.
Illustration 3:
Aryan, aged 35 years is married to Neha and has a son Vihaan who is 2-year-old. Aryan
wants to save for his son’s education and wants a plan which provides guaranteed
regular income payouts to meet Vihaan’s tuition fees and considerable lumpsum for
Vihaan’s higher education.
He can choose to start receiving a Guaranteed Income payout on any date to coincide
with the date on which Vihaan’s tuition fees is due provided it is succeeding the due
date of income payout.
He chooses PNB MetLife Guaranteed Future Plan and selects:
• Benefit Payout option – option 3 - ‘Income + Lumpsum’
• Premium payment term of 10 years, Deferment period of 1 year and Policy term
of 21 years
• Annualised Premium of Rs. 1,00,000 (exclusive of taxes/cesses) and gets Basic
Sum Assured of Rs. 10,00,000

Scenario I: He will start receiving Guaranteed income pay-out of Rs. 1,52,950 from
the end of 12th year which he uses to pay his son’s tuition fees and receives a
lumpsum of Rs. 4,81,000 at maturity which he can use towards his child’s higher
education.
He can choose to start receiving a Guaranteed Income payout at any selected date
during the income payout year till the due date of next income payout.
05
 Benefits Amount (Rs.)
Guaranteed Addition of (40.95% x Rs. 1,00,000 Annualised Premium) (A) 40,950
High Premium Reward (12% x Rs. 1,00,000 Annualised Premium) (B) 12,000
Total Accrued Guaranteed Additions ((A+B) x Premium Paying Term) (40,950 +12,000) x 10
= 5,29,500
Guaranteed Income Payout = Total accrued Guaranteed Additions + 5,29,500 + 10,00,000)/
Total Annualised Premium/ Income Payout Period 10 = 1,52,950
Accrued Wealth additions (4.81% x Total premiums payable 4.81% x 10,00,000 x
x No. of Payouts) 10 = 4,81,000
Total Benefit paid = Total of all Guaranteed Income Payout (1,52,950 x 10 years) +
+ Accrued Wealth Additions 4,81,000 = 20,10,500

Life cover throughout the policy term

Wealth additions accrual of Rs. 48,100 every year

Guaranteed Income Rs. 1,52,950 p.a. for 10 years

Guaranteed additions accrual of Rs. 52,950 every year
Accured Wealth
Guaranteed Additions of Rs. 52,950 Additions
Annualised Premium of Rs. 1 lakh for 10 years Rs. 4,81,000

Return of Annuallised Premium of Rs. 1.00,000

Year 0 5 9 12 21

Scenario II: In case of unfortunate demise of Aryan in the 15th policy year, his
nominee receives a lump sum Death benefit of Rs. 12,63,050 and the policy
terminates.
Illustration 4:
Ayush, aged 30 years wants to buy a savings plan that provides him a secondary income
to cater to his rising needs and also ensures his lifestyle needs are met by providing
periodic lumpsum. He chooses PNB MetLife Guaranteed Future Plan and selects:
• Benefit Payout option – Option 4 - Income + Boosters
• Premium payment term of 10 years, Deferment period of 0 year and Policy term
of 20 years
• Annualised Premium of Rs. 1,00,000 (exclusive of taxes/cesses) and gets Basic
Sum Assured of Rs.10,00,000

Scenario I: He starts receiving a guaranteed income of Rs. 1,54,360 from end of 11th
policy year till end of the policy term. He can choose to start receiving a Guaranteed
Income payout on any date to coincide with his anniversary or birthday, provided it
is succeeding the due date of income payout.

06
Benefits Amount (Rs.)
Guaranteed Addition (42.36% x Rs. 1,00,000 Annualised Premium) (A) 42,360
High premium reward (12% x Rs. 1,00,000 Annualised Premium) (B) 12,000
Total Accrued Guaranteed Additions ((A+B) x Premium Paying Term) (42,360 +12,000) x 10
= 5,43,600
Guaranteed Income Payout = Total accrued Guaranteed Additions + (5,43,600 + 10,00,000)/
Total Annualised Premium/ Income Payout Period 10 = 1,54,360
Booster additions (61.35% x Rs. 1,00,000 Annualised premium) paid at Booster 1: 61,350
the end of 14th, 17th, & 20th policy year along with Guaranteed Booster 2: 61,350
Income Payout Booster 3: 61,350
Guaranteed Income Payout at the end of 14th, 17th & 20th
2,15,710
policy year = Guaranteed Income Payout + Booster Addition
Total Benefit paid = Total of all Guaranteed Income Payout + (1,54,360 x 10 years)
Booster additions + (61,350 x 3 years)
= 17,27,650

Life cover throughout the policy term

Booster additions: Rs. 61,350

Guaranteed Income Rs. 1,54,360 p.a. for 10 years

Guaranteed additions accrual of Rs. 54,360 every year

Guaranteed Additions of Rs. 54,360

Annualised Premium of Rs. 1 lakh for 10 years

Return of Annuallised Premium of Rs. 1.00,000

Year 0 5 9 11 14 17 20

Scenario II: In case of Ayush’s unfortunate demise in the 15th policy year, his nominee
receives a lump sum Death benefit of Rs. 11,50,000 and the policy terminates.

07
 PLAN AT A GLANCE

This is a guaranteed** savings plan wherein at inception of the policy, the policyholder can choose

Option 1: Endowment Option – Total premium payable along with accrued Guaranteed
Additions and accrued Wealth additions is paid as a lumpsum at the end of the policy term.
Option 2: Income Option – Guaranteed Income payouts are paid during the Income Payout Period.
Option 3: Income + Lumpsum Option – Guaranteed Income payouts are paid during the
options Income Payout Period and accrued Wealth additions are paid as lumpsum at the end of policy term.
Option 4: Income + Boosters – Guaranteed Income payouts are paid at regular intervals during
the Income Payout Period. Additional payouts termed as ‘Booster Additions’ will be paid at

instalment premiums
have been paid.

complete years) at inception of the policy. Deferment period starts at end of the Premium
Payment Term. Options available are as mentioned below:
For Limited Pay:
Deferment period • PPT > 5 years: 0, 1 or 2 (option to choose the Deferment period)
options (Years)

of

option needs to be selected at policy inception and cannot be changed during the policy tenure.

Income Payout Income Payout Period means the period which shall commence after the end of Premium
period (Years) Payment Term and the Deferment Period (if applicable) chosen by the policyholder.

Yearly/ Half-yearly/ Monthly

Income pay-out
For monthly income payout is chosen, a factor of 0.95/12 will be applied to annual income
factors For half-yearly income payout is chosen, a factor of 0.97/2 will be applied to annual income

Following PT and PPT combinations are available:

For Option 1: Endowment Option
Premium Paying
PPT 5 7 8 9 10 11 12 13 14 15
Term (PPT)
(Years) 12, 15, 15, 20, 15, 20, 20, 24,
PT 20, 25 25 & 16 18 25 & 22 25 & 26 28 30
& 30 30 30 30

For Options 2 & 3:

PPT SP$ 5* 7 8 9 10 11 12 13 14 15
14, 15, 20, 21,
16, 18, 22, 24, 26, 28, 30,
15, 20 16, 27, 22,
PT 12 17 & 19 & 23 & 25 & 27 & 29 & 31 &
& 30 28 & 30, 31
18 20 24 26 28 30 32
29 & 32
Policy term For Options 4:
(Years)
PPT SP$ 7 8 9 10 11 12 13 14 15
15, 20 14, 15, 16, 17 18, 19 20, 21 22, 23 24, 25 26, 27 28, 29 30, 31
PT
& 30 & 16 & 18 & 20 & 22 & 24 & 26 & 28 & 30 & 32
*Not available under Option 4: Income + Booster $SP will not be available for Option 1, 3 &
POS channel
Maximum Policy Term allowed for policies sold through POS channel is 20 years

08
 Policy Term (Years) Minimum Entry Age
12 6 years last birthday
14 4 years last birthday
Minimum age6 at
15 3 years last birthday
entry (Years)
16 2 years last birthday
17 1 year last birthday
18 and above 0 (30 days)

60 years
Maximum age6 at
For policies purchased through POS channel, the maximum age at entry will be 55 years as per
entry (Years) prevailing POS guidelines, as amended from time to time

Single pay: 80
Maximum age6 at Limited pay: 92 Years
Maturity (Years) For policies purchased through POS channel, the maximum age at maturity for Limited pay will
be 65 years; as per prevailing POS guidelines, as amended from time to time.

Minimum Single Pay: Rs. 2,00,000

Annualised Limited Pay (Other than POSP): Rs. 11,287
Premium (Rs.) Limited Pay (Sourced through POSP): Rs. 12,000

Maximum
1,00,00,00,000 subject to maximum Basic Sum Assured limit as per Board Approved
Annualised Underwriting Policy.
Premium (Rs.)

Minimum Basic For Limited pay: 10 x Annualised premium

Sum Assured For Single pay: 1.25 x Annualised premium

As per Board approved underwriting policy

Maximum Basic
For policies purchased through POS channel, the maximum Sum Assured will be
Sum Assured Rs. 25 lakhs without any medicals as per prevailing POS guidelines, amended from time to time

Rider options PNB MetLife Serious Illness Rider

Riders will not be available for policies purchased through POS channel.

Premium Single/Yearly / Half Yearly / Monthly

Payment modes Single pay option will not be available with Option 1 and Option 3.

6
All reference to age are as on age last birthday. For policies issued to minor lives the risk cover starts immediately
at inception. Also, in case the life assured is a minor, the policy will vest with the life assured when the life assured
attains an age of 18 years.

BENEFITS IN DETAIL

SURVIVAL BENEFIT
On survival of the Life Assured until the end of the Premium Payment Term, provided
that the Policy is in In-force Status and all due Installment Premiums have been received
in full by Us, the following benefit will be payable on each.

Option 1- Endowment Option – No survival benefit will be payable under this option.
Option 2: Income Option – If this option is chosen, the Guaranteed Income Payouts
will be payable at policy anniversaries during the Income Payout period after
completion of the premium payment term and deferment period, if chosen.

09
 If Single pay is chosen, the Guaranteed Income Payouts will be equal to the Guaranteed
Addition.
The Guaranteed Income payout will be equal to the sum of all Annualised Premium plus
Guaranteed Additions accrued divided by Income payout period. Guaranteed Additions
will start accruing at beginning of every year during the Premium Payment Term.
Guaranteed Additions will be expressed as a percentage of Annualised Premium and
may vary depending on the premium payment term, entry age and policy term.

Option 3: Income + Lumpsum:

If this option is chosen, the Guaranteed Income Payouts will be payable at policy
anniversaries during the Income Payout period after completion of the premium payment
term and deferment period, if chosen.
The Guaranteed Income payout will be equal to the sum of all Annualised Premium plus
Guaranteed Additions accrued divided by Income payout period. Guaranteed Additions
will start accruing at beginning of every year during the Premium Payment Term.
Guaranteed Additions will be expressed as a percentage of Annualised Premium and
may vary depending on the premium payment term and policy term.
Option 4 - Income + Boosters: If this option is chosen, the Guaranteed Income Payouts
will be payable at policy anniversaries during the Income Payout period after completion
of the premium payment term and deferment period, if chosen. If Single pay is chosen, the
Guaranteed Income Payouts will be equal to the Guaranteed Addition. Additional payouts
called Booster Additions will be paid along with the Guaranteed Income Payouts paid at
specified policy anniversaries during the Income Payout period.
The Guaranteed Income payout will be equal to the sum of all Annualised Premium plus
Guaranteed Additions accrued divided by Income payout period. Guaranteed Additions
will start accruing at beginning of every year during the Premium Payment Term.
Guaranteed Additons will be expressed as a percentage of Annualised Premium and may
vary depending on the premium payment term.
Booster Additions: Booster Addition is a percentage of Annualised premium and will vary
depending on the entry age and premium payment term.
Income Payout Period:
Income Payout Period is the period over which the Guaranteed** Income installments are
paid. Income Payout Period will commence after the end of PPT and the Deferment
Period (if applicable) chosen by the policyholder. During Income Payout Period, the
Wealth Additions (if applicable) shall accrue at the beginning of each year and survival
benefits shall be paid in arrears.

10
 Income Payout period (Income
PPT Deferment period Policy term
year till end of policy term)
15 6th
SP 5 20 6th
25 6th
5 2 12 8th
0 14 & 27 8th
7 1 15 & 28 9th
2 16 & 29 10th
0 16 9th
8 1 17 10th
2 18 11th
0 18 10th
9 1 19 11th
2 20 12th
0 20 & 30 11th
10 1 21 & 31 12th
2 22 & 32 13th
0 22 12th
11 1 23 13th
2 24 14th
0 24 13th
12 1 25 14th
2 26 15th
0 26 14th
13 1 27 15th
2 28 16th
0 28 15th
14 1 29 16th
2 30 17th
0 30 16th
15 1 31 17th
2 32 18th

MATURITY BENEFIT

Option 1 – Endowment Option:

On survival of the Life Assured till the Maturity Date, provided that the Policy is in
In-force Status, the Guaranteed Maturity Benefit which is equal to sum of Total
premiums payable, accrued Guaranteed Additions and accrued Wealth Additions will be
payable at maturity.
Guaranteed Additions will start accruing from the beginning of the 1st policy year till the
end of Premium Payment Term. Guaranteed additions will be calculated as a percentage
of the Annualised premium and vary by Premium Payment Term (PPT) and Policy Term
(PT).
Wealth additions will start accruing at beginning of every year after completion of PPT
till the end of Policy Term. Wealth additions will be calculated as a percentage of the
Total premium payable and vary by Premium Payment Term (PPT) and Policy Term (PT).
11
 Where, Total premiums payable shall be the Total premiums payable during the PPT
excluding any extra premium, frequency loadings on premium, if any, the premiums paid
towards the Riders, if any, and applicable tax and cess.
Option 3 – Income + Lumpsum Option:
On survival of the Life Assured till the Maturity Date, provided that the Policy is in In-force
Status, Guaranteed Maturity Benefit which is equal to the Accrued Wealth Additions will
be payable.
Wealth additions will accrue during the Income Payout period at beginning of each policy
year and will be calculated as a percentage of the Total premiums payable and vary by
Premium Payment Term (PPT) and Policy Term (PT).
No maturity benefit is payable under Option 2 and Option 4.
For policy with non-annual premium frequency, Guaranteed Additions and Booster
Additions shall accrue proportionally by applying factor as per below:

Factor on Guaranteed Additions and Booster Additions expressed as a

Mode
percentage of Annualised Premium
Half-Yearly 1/2
Monthly 1/12

DEATH BENEFIT

In the event of the unfortunate death of the Life Assured during the policy term provided
that the policy is still In-force status on the date of death, the nominee shall receive Death
Benefit and the Policy shall terminate.
Death benefit shall include Sum Assured on Death defined as Higner of:
• Basic sum assured (BSA), which is the absolute amount assured to be paid on death.
• Annualised Premium or Single premium multiplied by the Death Benefit Multiple
• 105% of Total premiums paid up to the date of death
Death benefit Multiple vary with age at entry and are given below.
The Death benefit payable shall not be less than following based on plan option chosen:
• Option 1: Endowment – Total premiums paid plus accrued Guaranteed
Additions and accrued Wealth Additions (if any) till the date of death
• Option 2: Income – Total premiums paid plus accrued Guaranteed Additions
less Guaranteed Income Payouts made during the Income Payout Period (if any)
till date of death
• Option 3: Income + Lumpsum – Total premiums paid plus accrued Guaranteed
Additions and accrued Wealth Additions (if any) less Guaranteed Income
Payouts made during the Income Payout Period (if any) till date of death

12
 • Option 4: Income + Boosters – Total premiums paid plus accrued Guaranteed
Additions and accrued Booster Additions less Guaranteed Income Payouts made
during the Income Payout Period (if any) till date of death
Where,
Basic Sum Assured is equal to 10 x Annualised premium for Limited pay and 1.25 x Single
Premium for Single pay policies.
The Death benefit multiples will vary basis age at entry as mentioned in the table below:

Limited Pay Single Pay

Death Death Death Death

Age Age Age Age
Multiple Multiple Multiple Multiple

0 13.00 31 11.45 0 1.62 31 1.43

1 12.95 32 11.40 1 1.62 32 1.42
2 12.90 33 11.35 2 1.61 33 1.42
3 12.85 34 11.30 3 1.60 34 1.41
4 12.80 35 11.25 4 1.60 35 1.41
5 12.75 36 11.20 5 1.59 36 1.40
6 12.70 37 11.15 6 1.59 37 1.39
7 12.65 38 11.10 7 1.58 38 1.39
8 12.60 39 11.05 8 1.57 39 1.38
9 12.55 40 11.00 9 1.57 40 1.37
10 12.50 41 10.95 10 1.56 41 1.37
11 12.45 42 10.90 11 1.55 42 1.36
12 12.40 43 10.85 12 1.55 43 1.36
13 12.35 44 10.80 13 1.54 44 1.35
14 12.30 45 10.75 14 1.54 45 1.34
15 12.25 46 10.70 15 1.53 46 1.34

13
 Limited Pay Single Pay
Death Death Death Death
Age Age Age Age
Multiple Multiple Multiple Multiple
16 12.20 47 10.65 16 1.52 47 1.33
17 12.15 48 10.60 17 1.52 48 1.32
18 12.10 49 10.55 18 1.51 49 1.32
19 12.05 50 10.50 19 1.50 50 1.31
20 12.00 51 10.45 20 1.50 51 1.31
21 11.95 52 10.40 21 1.49 52 1.30
22 11.90 53 10.35 22 1.49 53 1.29
23 11.85 54 10.30 23 1.48 54 1.29
24 11.80 55 10.25 24 1.47 55 1.28
25 11.75 56 10.20 25 1.47 56 1.27
26 11.70 57 10.15 26 1.46 57 1.27
27 11.65 58 10.10 27 1.46 58 1.26
28 11.60 59 10.05 28 1.45 59 1.26
29 11.55 60 10.00 29 1.44 60 1.25
30 11.50 30 1.44

If at the time of death of Life Assured is a minor, death benefit shall be paid to the
Policyholder.
Where, Annualised Premium shall be the premium payable in a year excluding the taxes,
rider premiums, underwriting extra premiums and loadings for modal premiums.
Total premiums paid shall be the total premiums received under the base product,
excluding any extra premium and taxes , if collected explicitly.
The policy cover terminates with the payment of death benefit.

OTHER FEATURES

FLEXIBILITY TO CHOOSE THE DATE OF BENEFIT PAYOUT

Benefits will be paid on policy anniversaries by default. Alternatively, the policyholder can
choose to receive the survival benefits on any one date, succeeding the date of issuance,
as per their choice.
The Guaranteed Income payout shall accumulate at a compound interest rate per annum
equal to 10 Year G-Sec yield prevailing at the respective default date of payout less 200
basis points.
This option needs to be selected at policy inception and cannot be changed during the
policy tenure. This benefit is not available with Option 1 - Endowment option.

14
 INCOME PAYOUT FACTOR

The policyholder can choose, at inception of the policy, to receive the Annual Income
under the Option 2,3 & 4 at less frequent intervals. The amount of Income Payout shall be
as given below:

Income Payout Frequency Income Payout Factor

Annual 100% of Annual Income

Half-Yearly 97% of Annual Income x 1/2
Monthly 95% of Annual Income x 1/12
Annual Income refers to the Guaranteed Income Payouts paid in respect of annual
frequency.

LOANS

You may take a loan against your policy once it acquires a Surrender Value. The maximum
amount that can be availed is 90% of Special Surrender Value of your policy at the end of
the relevant Policy Year less any unpaid premiums for that year and loan interest accrued,
if a loan is already existing on the policy, to the end of that year. While you avail the loan,
your Policy must be assigned in favor of the Company to the extent of the outstanding
loan. The rate of interest for your loan amount shall be prescribed by the Company from
time to time. The rate of interest is taken as the 10 Year G-Sec rate plus 250 basis points
rounded up to nearest 50 basis points. The prevailing interest rate is 10% p.a. and
Company reserves the right to change this interest rate, subject to prior approval from
IRDAI. Please contact us to know the prevailing rate of interest.

RIDERS

To safeguard your family against certain unfortunate events, you can opt for the following
riders at a nominal cost:

PNB MetLife Accidental This Rider provides additional protection over and above

117B020V03) death of the Life Assured in an Accident

This Rider provides additional protection over and above

PNB MetLife Serious Illness Rider
(UIN: 117B021V03) Assured being diagnosed with any of the critical illnesses
listed in the Rider

Please refer to the rider brochure and rider terms and conditions for further details.
o Rider Sum Assured shall be subject to Sum Assured of base policy.
o Premium for all the riders put together shall be subject to a ceiling of 30% of the
premium of the basic product.
o The Rider Premium Payment Term cannot be more than the Premium Payment
Term of the Base Policy if taken at the outset, or will be less than or equal to the
outstanding Premium Payment Term of the Base Policy, if taken subsequently.
15
 o When the Base Policy is paid-up, lapsed, surrendered or forfeited, the rider
attached to the Base Policy will also terminate immediately. For more details on
the rider benefits, features, terms and conditions, please refer to the rider terms
and conditions carefully or contact Your insurance advisor.
o Rider shall not be offered for POS policies.

FLEXIBLE PREMIUM PAYMENT MODES & MODAL FACTORS

You may elect to pay premiums by Yearly, Half Yearly, or Monthly mode subject to the
minimum annualised premium under each mode.
For other than Single Premium payment mode,
a. The Guaranteed Addition and Booster Addition rates are expressed in terms of
Annualized Premium
b. The Wealth Additions are expressed in terms of Total premiums payable (with
respect to Annual mode of premium payment)
Therefore, for other than Single premium and non-annual mode of premium payment,
a. Modal factors shall be used to derive the Annualized premium
b. Conversion factors shall be used to derive Total premiums payable (based on
Annualized Premiums)

Premium Paying Mode Modal Factors Conversion Factors

Annual 1 1
Half Yearly 0.5131 1.0262
Monthly 0.0886 1.0632

Alterations between different modes of premium payment is allowed at any policy

anniversary on request.

HIGH PREMIUM REWARD

You will be rewarded with additional benefits if you choose to pay a higher premium as
below. High Premium Reward shall be added to the Guaranteed Additions.

Premium Size
Single Pay Limited Pay
(% of Single Premium) (% of Annualized Premium)
Rs. 0 - 29,999 Nil Nil
Rs. 30,000 - 49,999 Nil 4%
Rs. 50,000 - 74,999 Nil 8.50%
Rs. 75,000 & 9,99,999 Nil 12%
Rs. 10,00,000 & above 1% 12%

16
 GRACE PERIOD FOR OTHER THAN SINGLE PREMIUM

Grace period is time granted from the due date for the payment of premium, without any
penalty or late fee, during which time the policy is considered to be in-force with the risk
cover without any interruption, as per the terms & conditions of the policy. The grace
period for payment of the premium is 15 days, where the policyholder pays the premium
on a monthly basis and 30 days in all other cases. If a valid death claim arises under the
policy during the Grace period, but before the payment of due premium, the due and
unpaid premium for the policy year will be deducted from the Death benefit. During the
Grace Period, the risk on the life of the Life Assured will continue to be covered.

PREMIUM DISCONTINUANCE

o Lapse
If all due premiums for the first two consecutive years are not paid, the policy shall lapse
at the end of the grace period and the risk cover and rider benefits, if any, will cease
immediately. No benefits will be paid when the policy is in lapsed status. A lapsed policy
can be revived as per terms and conditions as mentioned in the Revival section.
If a lapsed policy is not revived by the end of the revival period, the policy will be
terminated.

SURRENDER VALUE

If all due Instalment Premiums have been paid for at least two consecutive Policy Years,
the Policy shall acquire a Guaranteed Surrender Value.
The Policy will automatically terminate after payment of the Surrender Value. The
Surrender Value payable shall be higher of Guaranteed Surrender Value and Special
Surrender Value as given below:
Guaranteed Surrender Value:
GSV = {GSV Factor multiplied by Total premiums paid less survival benefits already paid,
if applicable, till the date of Surrender}; subject to a minimum of zero.
Special Surrender Value (SSV):
Special Surrender Value is the Surrender Value specified by Us on receipt of a request for
Surrender. SSV is not guaranteed and the Company can change these SSV factors at any
time during the Policy Term, subject to prior approval from IRDA of India.

REDUCED PAID-UP VALUE

If a policy has acquired a non-zero surrender value and future due instalment premiums
are not paid, the policy will continue as a paid up policy with reduced benefits. However,
the policyholder shall have the option to surrender the policy.
If the policyholder does not surrender the policy and policy continues with reduced
benefits following shall be payable:

17
 Payout

The amount payable on death of the Life assured shall be equal to Paid-Up
Sum Assured on Death which is higher of:

 Paid-Up Basic sum assured, which is the absolute amount assured
to be paid on death
 105% of Total premiums paid upto the date of death.

Paid-up Basic Sum Assured

Basic Sum Assured x (t / n)

Where,

“t” refers the Number of Installment Premiums paid and “n” refers the
Number of Installment Premiums payable during the PPT.
The Paid-Up Sum Assured on Death shall not be less than Total
premiums paid plus the accrued Guaranteed Additions and accrued
Booster Additions.
The policy cover terminates with the payment of Reduced Paid-up Sum
Assured on Death.

Paid-Up Sum Assured on Maturity

Option 1: Endowment – Total premiums paid plus accrued Guaranteed
Additions shall be payable as lumpsum at maturity date.
Option 2: Income – Accumulated Value of each Reduced Paid-up
Guaranteed Income Payouts at compound interest of 5% p.a. from their
respective date of income payment till maturity date shall be payable as
lumpsum at maturity date.
Option 3: Income + Lumpsum – Accumulated Value of each Reduced
Paid-up Guaranteed Income Payouts at compound interest of 5% p.a.
from their respective date of income payment till maturity date shall be
payable as lumpsum at maturity date.
Option 4: Income + Boosters – Accumulated Value of each Reduced
Paid-up Guaranteed Income Payouts and accrued Booster Addition at
compound interest of 5% p.a. from their respective date of income pay-
ment till maturity date shall be payable as lumpsum at maturity date.

Where,
Reduced Paid-up Guaranteed Income payout = {Total premiums paid
plus Accrued Guaranteed Additions}/ Number of Instalment Premiums
payable
The policy cover terminates with the payment of reduced maturity

18
 REVIVAL

You can revive your lapsed / Paid-up policy and the riders for its full coverage within five
consecutive years from the due date of the first unpaid premium but before policy
maturity, by paying all outstanding premiums along with the interest, as applicable. The
Company may change this interest rate from time to time. Currently, the Company
charges 8.0% compounded annually interest on revivals.
The rate of interest is calculated as the 10 Year G-Sec rate as on 1st of April plus 50 basis
points, rounded up to the nearest 50 basis points. The Company will review the rate on an
annual basis. However, under special circumstances where the prevailing 10 Year G-Sec
rate is changing in excess of 200 basis points from the G-Sec rate used for calculating the
current interest rate, the company shall review the interest rate based on the prevailing 10
Year G-Sec rate.
This formula will be reviewed annually and only altered subject to prior approval of IRDA
of India.
Revival of the policy and riders, if any, is subject to Board approved underwriting policy.
A surrendered policy cannot be revived.
In the event of revival of the policy as per terms and conditions stated above, Guaranteed
Additions and Booster Additions (if applicable) corresponding to all the installment
premiums paid on revival shall accrue in the policy as if the policy had continued without
any break.
The benefit payouts will be as mentioned below:
Revival during PPT: All benefit payouts shall be made when due as if the policy had
continued without any break.
Revival after PPT: Sum of all Guaranteed Income Payouts (if any) payable during the
period for which the policy was in reduced paid-up status shall be accumulated at 5%
interest rate and will be paid as lumpsum upon revival of the policy. The other benefits
which fall due subsequently in the policy tenure shall be paid as and when due.

TERMINATION

The Policy will be terminated on the earliest of the following:

o Cancellation during Free-look period
o The date of Payment of Surrender Value
o At the expiry of the Revival period, when the Policy has not been reinstated and
provided the said Policy has not acquired any Paid-Up Value
o Upon payment of death claim or maturity claim amount
o On return of eligible premium/surrender value under suicide clause

19
 TERMS & CONDITIONS

FREE LOOK PERIOD

Please go through the terms and conditions of your Policy very carefully. If you have any
objections to the terms and conditions of your Policy, you may cancel the Policy by giving
a written notice to us within 30 days beginning from the date of receipt of Policy
document whether received electronically or otherwise, stating the reasons for your
objection and you will be entitled to a refund of the premium paid, subject only to a
deduction of proportionate risk premium for the period of cover and the expenses if any,
incurred on medical examination and stamp duty charges.

TAX BENEFITS

Tax benefits under this plan may be available as per the provisions and conditions of the
Income Tax Act, 1961 and are subject to any changes made in the tax laws in future. Please
consult your tax advisor for advice on the availability of tax benefits for the premiums paid
and proceeds received under the policy.

EXCLUSIONS

1) 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. We shall not be liable to pay any interest on this amount.

2) Waiting Period for policies sourced through POSP:

For policies sourced through Point of Sales Persons (POSP), a Waiting Period of
90 days will be applicable from date of acceptance of risk. In the event of death
(except accidental death) within Waiting Period, 100% of Total premiums paid
shall be payable to the nominee.

NOMINATION

Nomination should be in accordance with provisions of Section 39 of the Insurance Act

1938 as amended from time to time. Nomination of this Policy is not applicable if the
Policy has been effected under Section 6 of the Married Women’s Property Act 1874.

ASSIGNMENT

Assignment should be in accordance with provisions of Section 38 of the Insurance Act

1938 as amended from time to time. Assignment of this Policy is not applicable if the
Policy has been effected under Section 6 of the Married Women’s Property Act 1874.

20
 ABOUT PNB METLIFE
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life
insurance companies in India. PNB MetLife has as its shareholders MetLife International
Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited
(JKB), M. Pallonji and Company Private Limited and other private investors, MIHL and PNB
being the majority shareholders. PNB MetLife has been present in India since 2001.
PNB MetLife brings together the financial strength of a leading global life insurance
provider, MetLife, Inc., and the credibility and reliability of PNB, one of India's oldest and
leading nationalised banks. The vast distribution reach of PNB together with the global
insurance expertise and product range of MetLife makes PNB MetLife a strong and
trusted insurance provider.
For more information, visit www.pnbmetlife.com

EXTRACT OF SECTION 41 OF THE INSURANCE ACT, 1938,

AS AMENDED FROM TIME TO TIME STATES

(1) No person shall allow or offer to allow, either directly or indirectly, as an inducement
to any person to take out or renew or continue an insurance in respect of any kind of
risk relating to lives or property in India, any rebate of the whole or part of the
commission payable or any rebate of the premium shown on the policy, nor shall any
person taking out or renewing or continuing a policy accept any rebate, except such
rebate as may be allowed in accordance with the published prospectuses or tables
of the insurer.
(2) Any Person making default in complying with the provisions of this section shall be
punishable with fine which may extend to ten lakh rupees.

GRIEVANCE REDRESSAL
In case You have any query or complaint or grievance, You approach any of Our following
touch points:
• Call 1800-425-69-69 (Toll free)
• Email at indiaservice@pnbmetlife.co.in
• Write to
Customer Service Department, 1st Floor, Techniplex -1, Techniplex Complex,
Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062.
• Online through Our website www.pnbmetlife.com
• Our nearest PNB MetLife branch across the country
For any escalation with the resolution provided by the above touch points, you may, write
to Our Grievance Redressal Officer at gro@pnbmetlife.co.in
If you do not get appropriate resolution you may approach the Insurance Ombudsman on
https://www.cioins.co.in/Ombudsman
21
 FRAUD AND MISSTATEMENT
Treatment will be as per Section 45 of the Insurance Act, 1938 as amended from time to
time.
• Please read this Sales brochure carefully before concluding any sale.
• This product will be available for sale through Online channel with applicable
discount which is 5% additional benefit for Limited pay and 0.5% for Single pay.
• This product brochure is only indicative of terms, conditions, warranties and
exceptions contained in the insurance policy. The detailed Terms and Conditions
are contained in the Policy Document.

Policy shall not be called in question on ground of misstatement after three years.

(1) No policy of life insurance shall be called in question on any ground whatsoever after the
expiry of three years from the date of the policy, i.e., from the date of issuance of the policy
or the date of commencement of risk or the date of revival of the policy or the date of the
rider to the policy, whichever is later.

(2) A policy of life insurance may be called in question at any time within three years from the
date of issuance of the policy or the date of commencement of risk or the date of revival of
the policy or the date of the rider to the policy, whichever is later, on the ground of fraud:
Provided that the insurer shall have to communicate in writing to the insured or the legal
representatives or nominees or assignees of the insured the grounds and materials on which
such decision is based.
Explanation I.— For the purposes of this sub-section, the expression "fraud" means any
of the following acts committed by the insured or by his agent, with intent to deceive the
insurer or to induce the insurer to issue a life insurance policy:—
(a) the suggestion, as a fact of that which is not true and which the insured does not believe
to be true;
(b) the active concealment of a fact by the insured having knowledge or belief of the fact;
(c) any other act fitted to deceive; and
(d) any such act or omission as the law specially declares to be fraudulent.
Explanation II. — Mere silence as to facts likely to affect the assessment of the risk by
the insurer is not fraud, unless the circumstances of the case are such that regard being
had to them, it is the duty of the insured or his agent keeping silence, to speak, or unless
his silence is, in itself, equivalent to speak.

(3) Notwithstanding anything contained in sub-section (2), no insurer shall repudiate a life
insurance policy on the ground of fraud if the insured can prove that the misstatement of or
suppression of a material fact was true to the best of his knowledge and belief or that there
was no deliberate intention to suppress the fact or that such misstatement of or suppression
of a material fact are within the knowledge of the insurer:
Provided that in case of fraud, the onus of disproving lies upon the beneficiaries, in case the
policyholder is not alive.
Explanation. — A person who solicits and negotiates a contract of insurance shall be
deemed for the purpose of the formation of the contract, to be the agent of the insurer.

22
(4) A policy of life insurance may be called in question at any time within three years from the
date of issuance of the policy or the date of commencement of risk or the date of revival of
the policy or the date of the rider to the policy, whichever is later, on the ground that any
statement of or suppression of a fact material to the expectancy of the life of the insured
was incorrectly made in the proposal or other document on the basis of which the policy
was issued or revived or rider issued:
Provided that the insurer shall have to communicate in writing to the insured or the legal
representatives or nominees or assignees of the insured the grounds and materials on which
such decision to repudiate the policy of life insurance is based:
Provided further that in case of repudiation of the policy on the ground of misstatement or
suppression of a material fact, and not on the ground of fraud, the premiums collected on
the policy till the date of repudiation shall be paid to the insured or the legal representatives
or nominees or assignees of the insured within a period of ninety days from the date of such
repudiation.
Explanation. —For the purposes of this sub-section, the misstatement of or suppression
of fact shall not be considered material unless it has a direct bearing on the risk undertaken
by the insurer, the onus is on the insurer to show that had the insurer been aware of the said
fact no life insurance policy would have been issued to the insured.

(5) Nothing in this section shall prevent the insurer from calling for proof of age at any time if
he is entitled to do so, and no policy shall be deemed to be called in question merely
because the terms of the policy are adjusted on subsequent proof that the age of the life
insured was incorrectly stated in the proposal.
 A CSR INITIATIVE BY

Girl Child Education Health and

Hygiene Awareness
Supporting the education of
underprivileged girls in UP Supporting tribal adolescent
and Punjab girls in West Bengal

Financial Independence Environmental Sustainability

for Women Planting and nurturing trees in
Supporting the vocational training eco-sensitive areas in Uttrakhand,
of rural women in Uttar Pradesh Karnataka, Maharashtra and Delhi NCR

@PNBMetLife @pnb_metlife @PNBMetLife1 @PNB MetLife @PNB MetLife India Insurance Co. Ltd

PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers,
26/27 M.G. Road, Bangalore -560001, Karnataka. IRDAI Registration number 117. CI No: U66010KA2001PLC028883. PNB MetLife
Guaranteed Future Plan (UIN:117N124V10) is an Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan. **Provided all
premiums are paid as and when due. For more details on risk factors, terms and conditions please read sales brochure carefully before
concluding a sale. This product brochure is only indicative of terms, conditions, warranties and exceptions contained in the insurance
policy. This version of the document invalidates all previous printed versions for this particular plan. The detailed Terms and Conditions are
contained in the Policy Document. Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time
to time. Please consult your tax consultant for more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which
are subject to change from time to time. The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and
Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Of Veer Savarkar Flyover, Goregaon
(West), Mumbai – 400062, Maharashtra. AD-F/2024-25/286.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /FRAUDULENT OFFERS!

IRDAI or its official are not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public
receiving such phone calls are requested to lodge a police complaint.