Term Plan for Salaried
Buy Online
Term Plan for Non-Salaried
Buy Online
Term Insurance
While thinking about the celebrated personalities who risked their lives for the country, it is natural to think about how the nation looks after them when they retire. This is where the defence pension comes in as a companion for aiding financially, and preserving respect and peace of mind.
By submitting your details, you agree to PNB MetLife's Privacy Policy and authorize PNB MetLife and/or its authorized service providers to verify the above information and/or contact you to assist you with the policy purchase and/or servicing. You have the option to opt-out of this contact authorization by un-checking the box. The authorization provided by you herein will supersede all earlier authorizations/registrations made by you in this regard.
PNB MetLife feels that after serving the nation, our armed forces should enjoy a retirement life as fearless as they were in action.
Today, let’s take a closer look at the various types of defence pension plans, their benefits, eligibility, and how you and your family can utilise these robust and sturdy schemes.
The defence pension scheme, or simply known as ‘defence pension’ is a monetary allowance paid to servicemen from the army and their dependents after they retire. In other words, the government provides them some support with “Thank you for your service”. The structured approach to retired servicemen’s monthly income, alongside medical and housing, helps to bolster their security and ease during their post-retirement phase.
If you are wondering if this is the best pension to avail in India for our soldiers, you are not wrong. But bear with us before you carve all your plans with us.
Here is a table providing the highlighted information that makes the defence pension extraordinary.
| Feature | Details |
| Launched By | Government of India |
| Managed By | Ministry of Defence and Department of Ex-Servicemen Welfare |
| Beneficiaries | Retired defence personnel, their families, and civilians in defence roles |
| Benefits | Regular income, family pension, gratuity, medical benefits |
| Medical Coverage | Through Ex-Servicemen Contributory Health Scheme (ECHS) |
| Pension Updates | Adjusted regularly for inflation |
The scheme guarantees that after years of tough duty, our soldiers, officers, and their loved ones continue to lead a comfortable and respectful life.
Just like no two missions are the same, there are different types of pensions under the military pension scheme. Let’s break it down:
| Type | What It Means |
|---|---|
| Service Pension | After completing minimum service years (15 years for personnel below officers; 20 years for officers), you get a monthly army retirement pension |
| Family Pension | After a soldier’s passing, family members receive a steady pension |
| Special Family Pension | For deaths connected directly to service hardships, families get 60% of the last drawn salary |
| Liberalised Family Pension | For deaths during war, battle, or terror confrontations, the family gets 100% of the last drawn pay |
| Disability Pension | For injuries leading to disability during service, based on disability percentage |
| War Injury Pension | For serious injuries during war, pension equals emoluments with added benefits |
| Invalid Pension | For those released due to service-related mental or physical injuries |
| Reservist Pension | For those who complete the minimum combined service in colour and reserve duty |
Each scheme is crafted with care to cover every possible life situation after active duty.
Before you start dreaming about that peaceful retired life (you deserve it!), let’s make sure you meet the essential criteria:
In short, if you’ve proudly worn the uniform, chances are the army pension scheme has your back.
Now, let’s talk about the real goodies, the benefits that make the defence pension one of the most thoughtful financial protections out there:
Getting your army pension started is simple if you keep these documents handy:
Serving in the forces teaches us that preparation is everything. Retirement is no different! That’s why pairing your army pension scheme with additional investments is wise.
At PNB MetLife, we offer some of the best retirement plans in India that can complement your military pension beautifully. Our retirement calculator and retirement income planner help you quickly and smartly forecast your financial future.
It’s not just about security; it’s about living your retired life with the same confidence you carried in your uniform.
The defence pension scheme is a lifeline for every brave soul who once stood guard for us. Whether through regular income, medical support, housing, or travel benefits, it ensures that our nation's heroes and their families are always cared for.
And remember, while your military pension scheme lays a strong foundation, adding a robust retirement plan can make your future even brighter! At PNB MetLife, we are proud to offer our heroes the best retirement plans in India.
Use our easy retirement calculator and retirement income planner today to start shaping the peaceful, prosperous future you truly deserve. Let’s plan a retirement where you continue to lead, this time, into a life of comfort, health, and happiness!
Anyone who has served in the Indian Armed Forces for at least 15 years (for non-officer ranks) or 20 years (for officers) is eligible.
The defence pension includes regular monthly income, medical benefits through ECHS, family pension for dependents, travel concessions, housing benefits, and more to ensure financial security after retirement.
You can explore additional retirement options like the best retirement plan in India offered by PNB MetLife.
Piyush Kataria, SEO Manager at PNB MetLife, is a seasoned digital marketing strategist with over a decade of experience in optimizing websites for search engines. His expertise extends to keyword research, content strategy, technical SEO, and link building, all of which have been instrumental in driving organic traffic growth at PNB MetLife. With a strong foundation in life insurance, Piyush leverages his industry knowledge to create targeted and effective SEO campaigns.
Sakshi Malhotra is a seasoned marketing professional associated with the Life Insurance industry since 2007. At PNB MetLife, she heads Digital Marketing and Direct to Customer line of business. She is responsible for driving effective customer engagement through the company’s website and social media channels. In addition, she drives customer online buying journeys to help them buy the right product.
Disclaimer:
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.
PNB MetLife India Insurance Company Limited Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
IRDAI Registration number 117 | CIN U66010KA2001PLC028883
Call us Toll-free at 1-800-425-6969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra.
| Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers! IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint. |
By submitting your details, you agree to PNB MetLife's Privacy Policy and authorize PNB MetLife and/or its authorized service providers to verify the above information and/or contact you to assist you with the policy purchase and/or servicing. You have the option to opt-out of this contact authorization by un-checking the box. The authorization provided by you herein will supersede all earlier authorizations/registrations made by you in this regard.
Get Trusted Advice
Ask khUshi
Hi! I’m khUshi. How can I help you?
