[Honest Review] PNB MetLife Guaranteed Future Plan

PNB Metlife Guaranteed Future Plan is an Individual, Non-linked, Non-Participating, Savings, Life insurance plan.

Non-Linked means it is not related to Market and returns are independent of any movements in the Market
Non-Participating means that the returns will not be dependent on any bonuses that are announced by the company.
In short, it is a Pension Plan which offers to give you Guaranteed Returns against the investments you chose to do.

The Guaranteed Future Plan aims to cover different individual requirements and goals and thus gives an option of 4 different Benefit Payout Options namely –

1. Endowment Option
2. Income Option
3. Income + Lumpsum Option
4. Income + Boosters Option

Let us look at each of these options individually and also see what are the returns that this plan is offering against them.

1. Endowment Option
   In this option, the insurer invests in the plan in such a way that

Does PNB Metlife Guaranteed Future Plan really offer you a Guaranteed Future?

? Watch Part 2 by clicking this link

What are the different plan options and what are the “Real Returns” offered under this plan?
With this video, we will aim to look at these and some of the other aspects of the PNB Metlife Guaranteed Future Plan.

✉ Drop an email at feedback@EveryPaisaMatters.com to get your copy of the Excel sheet used in this video.
☝☝ Mutual Fund क्या है? https://youtu.be/Qqo-sY6vUvs ??
☝☝ पैसे को कैसे बढ़ाएं? | How to GROW money? https://youtu.be/1CFHw3plFcc ??
? Website – www.EveryPaisaMatters.com

PNB Metlife Guaranteed Future Plan is An Individual, Non-linked, Non-Participating, Savings, Life insurance plan.
This plan aims to help people systematically save and offers “Guaranteed” returns.
The various plans offer control and flexibility to customise the savings schedule basis one’s needs and affordability. From the different plans, one can choose the manner in which one wants to receive maturity amounts (i.e. Income, Lump-sum or combination thereof) and can also customise the timing to best meet their requirements.

We will be reviewing this plan purely from returns perspective against the cases illustrated in official brochure.
There are 2 parts to this video.
The first video is aimed at evaluating the returns based on the premiums paid and the returns received without taking into account any of the tax components (GST or Income Tax rebates).
The second part will evaluate these options along with taking into account the GST applicable on premium as well as calculating the returns under various tax heads (10%/20%/30% rebate)

We will discuss the following aspects in this video
1 What are the key Features of PNB Metlife Guaranteed Future Plan
2 What are the details of PNB Guaranteed Future Plan
3 What are the REAL Returns in PNB Metlife Guaranteed Future Plan
4 What is the Maturity benefit of PNB Metlife Guaranteed Future Plan
5 What are the Death benefits of Metlife Guaranteed Future Plan

The 4 different options offered under this plan are –
Option 1: Endowment Option – Total Premiums Paid plus accrued Guaranteed Additions and accrued Wealth Additions (if any) till the date of death.
Option 2: Income Option – 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 Option – 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.
Option 4: Income + Boosters Option – 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.

Youtube Review