PNB MetLife launches new unit-linked insurance plan. Know the details

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PNB MetLife has launched a new ULIP PNB MetLife Goal Ensuring Multiplier (GEM) plan that provides clients with life insurance coverage and helps them invest methodically with the goal of building wealth for the future, the company said. .

PNB MetLife GEM reimburses the following expenses deducted during the term of the policy – reimbursement of fund management expenses, reimbursement of premium allocation expenses and reimbursement of mortality expenses in accordance with the terms and conditions of the policy.

Clients can choose from 13 different funds based on their risk appetite and can also opt for goal-based fund management strategies. The plan also has an add-on feature that allows customers to enhance their coverage and accelerate their savings goals.

“With our new PNB MetLife Goal Ensuring Multiplier plan, we aim to empower our clients to make better financial decisions by exercising the power of choice while choosing from a multitude of 13 different funds. Additionally, in the spirit of celebrating ‘Azadi Ka Amrit Mahotsav’, we have launched the ‘India Opportunities Fund’, an equity fund capitalizing on key themes such as Atmanirbhar Bharat, Digital India, economic reforms and the Make-in-India,” said Ashish Kumar Srivastava, MD and CEO, PNB MetLife.

The company said PNB MetLife GEM has 5 coverage options to meet varying customer needs:

Wealth – This option provides life insurance coverage and helps build a corpus to fund future dreams

Wealth Plus Care – Features of Wealth plus waiver of premium if diagnosed with any of the 5 listed critical illnesses

Insured Purpose – Provides triple benefits: pays a lump sum death benefit, waives future premiums on death and also pays accumulated funds as a maturity benefit

Assured Income – 4-in-1 benefit: pays a lump sum death benefit, waives future premiums in the event of death, pays accumulated funds as a maturity benefit, and pays regular income to the family

Smart Child – A unique offering that helps customers save for their children’s education and financially secure their future

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