The needs of every customer are different. Some may require the policy to act as an income replacement system, while others may expect it to take care of liabilities. PNB MetLife Guaranteed Future Plan takes cognizance of every customer’s needs and offers four different payout options.
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 Income Payout Period and accrued Wealth additions are paid as a Lumpsum at the end of the 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 specifed intervals along with the Guaranteed Income Payouts. The above benefits will be payable provided the policy in-force and all due instalment premiums have been paid. Refer to the below table for more details.The needs of every customer are different. Some may require the policy to act as an income replacement system, while others may expect it to take care of liabilities. PNB MetLife Guaranteed Future Plan takes cognizance of every customer’s needs and offers four different payout options.
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 Income Payout Period and accrued Wealth additions are paid as a Lumpsum at the end of the 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 specifed intervals along with the Guaranteed Income Payouts. The above benefits will be payable provided the policy in-force and all due instalment premiums have been paid. Refer to the below table for more details.