Delhi/Mumbai, 24^th April 25 PNB MetLife India Insurance Company Limited (PNB MetLife), one of the leading life insurance companies in India, has launched PNB MetLife GROW Plan (UIN: 117N167V01). This Non-Linked, Participating, Individual Life Insurance Savings plan is designed to offer customers flexible options such as increasing income, milestone-based payouts or a lump sum at maturity. Unlike many traditional plans where life cover ends upon maturity, the GROW plan covers customers for their entire lifetime, while enabling them to access maturity benefits much earlier. With customizable premium paying terms, maturity age, and payment frequency, the plan can be tailored to meet diverse financial goals and life stages.

Key Features of the Grow Plan include:

• Flexible Maturity Options: Choose from maturity age from 70, 75, 80, 85 or 100 years with premium payment terms ranging between 7 and 15 years.
• Milestone Income Option: Receive survival benefit every 4 or 5 years, ideal for funding major life goals such as education, travel, or important personal events.
• Increasing Income Option: Enjoy increasing income every year from end of 2nd policy year until maturity, with the flexibility to defer the income start year
• Extended Life Cover Option: Extend life cover up to age 100 even while receiving maturity benefits earlier
• Return of Premium: All plan options offer a return of the total premiums paid at maturity
• Shakti Benefit: A special feature offering an additional 1% benefit exclusively for female policyholders
• Add on Riders: Enhance protection with riders such as Accidental Death Benefit and Serious Illness Rider

Mohit Garg, Chief Strategy Officer & Head Products, PNB MetLife, said, “The GROW plan reflects PNB MetLife’s “Circle of Life” philosophy, which is centered around supporting customers through every stage of their financial journey - from building a foundation to planning for life’s milestones and long-term security. The plan helps customers to pick options suited to their needs, helping them stay protected throughout their lives.”

About PNB MetLife India Insurance Company Limited:

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of the India's oldest nationalized banks. PNB MetLife’s positioning, Milkar Life Aage Badhaein, is demonstrated through its customer-centric innovations and employee empowerment practices.

With a strong presence in 155 branches and access to customers in over 19,000 locations (as of November 30, 2024) through bank partnerships, PNB MetLife offers a comprehensive product portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The Company has a wide range of protection and retirement products available through its sales channel of over 28,000 financial advisors and multiple bank partners and caters to over 521 group relationships in India.

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