PNB MetLife recently launched Guaranteed Future Plan, a guaranteed savings life insurance plan that offers dual advantages of long-term guaranteed benefits and financial protection to the family in case of adversities. The plan offers four different options to create a corpus to meet one’s financial goals. The plan comes with a guaranteed income ranging from 103 to 245 per cent of the annualised premium.
One can opt for income plus booster option that gives an additional income pay-out at specified intervals, ranging from 30 to 406 per cent. The plan allows customers to time the receipt of maturity amounts on special occasions such as birthdays or anniversaries. The policyholder will also be eligible to avail income tax benefit on premiums paid and benefits received under 80 (c) and 10 (10d).
