PNB MetLife Investment Plans Benefits
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Benefits of PNB MetLife Investment Plans
The major shareholders in PNB MetLife, a joint venture between MetLife International Holdings and Punjab National Bank, include Jammu and Kashmir Bank Limited and M. Pallonji and Company Limited, among others. The insurance company sells a variety of insurance products, all of which have excellent characteristics.
Why To Buy PNB MetLife Investment Plans?
Some of the reasons to buy PNB MetLife Investment plans are mentioned below:
- Under the Regular Pay option of premiums, charges are paid for the whole term of the plan.
The Sum Assured on Maturity plus earned simple reversionary bonuses, including any Terminal Bonus, is payable on Maturity Date.
- At maturity, 40% of the Sum Assured plus any vested bonuses is due, plus any Terminal Bonus.
Benefit from income tax on premiums paid under Section 80C and claims made under Section 10(10D) of the Income Tax Act.
- These strategies help people develop a habit of saving money on a regular and disciplined basis. You'll be able to meet all of your financial commitments related to your child's post-secondary education or marriage.
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FAQ About PNB MetLife Investment Plans
What is a long-term investment solution for savings?
A savings plan is essentially a life insurance policy that provides you with much more than just a life insurance policy. You must pay premiums to the service provider at predetermined times in exchange for purchasing a savings plan. Payments for premiums can be made regularly, monthly, half-yearly, or annually. Savings investment plans combine investing and insurance into a single customer-centric scheme, allowing you to qualify for a variety of benefits based on the savings plan you select.
Why should your family go for Long-Term Savings Investment Solutions?
Savings and investment plans benefit both the investor and the covered person's family. A death amount is paid to the nominee if the policyholder does not survive the policy term and dies before the plan achieves maturity. This is a lump sum payment that can assist the policyholder's surviving relatives in dealing with any financial difficulties that may arise as a result of the policyholder's death.
What are the many sorts of investment savings solutions?
There are numerous sorts of savings plans depending on the rewards they provide: super saver plans, income protection plans, guaranteed income policies,endowment plans, money back plans. There are also specific plans for children that can help you pay for your child's education in future.
When it comes to PNB FD accounts, what is the minimum and maximum deposit period?
Term deposits can be made for as little as seven days or as much as ten years. At the end of the period, plans can be automatically renewed.
Does MetLife Bachat Yojana give any type of surrender value to the policyholders?
Yes, loans of up to 90% of the Special Surrender Value are available.