PNB MetLife - Grand Assured Income Plan

1.
Guaranteed Income for Lifetime

2.
Lock your annuity rate today

3.
Multiple Annuity Options to choose from as per your needs: A. Life AnnuityB. Life Annuity with Return of Purchase PriceC. Life Annuity with Return of Purchase Price on Death or SurvivalD. Joint Life Annuity with Return of Purchase Price (With Single Pay Only)E. Joint Life Annuity with Return of Purchase Price and 50% Annuity to surviving annuitant (With Single Pay Only)

4.
Choose to pay single premium or more affordable installment premiums

5.
Choose when to receive the annuity payments

6.
High Purchase price benefit as mentioned in the table below to encourage you to save more

GUARANTEED INCOME FOR LIFETIME
WIDE RANGE OF NEED-BASED ANNUITY OPTIONS
FLEXIBLE & AFFORDABLE PREMIUM PAYMENT OPTIONS
CHOICE OF PREFERRED PAY OUT DATE TO RECEIVE YOUR ANNUITY PAYMENTS

Option B: Higher of the following amounts shall be payable
Total Premiums paid till the date of death plus
accrued Guaranteed Additions (if any) less
annuity payouts paid till the date of death
100% of total premiums paid till the date of death
Option C:
a. If the death happens Post receiving the Survival
Benefit, higher of the following amounts shall be
payable
50% of the Total Premiums paid till the date of
death plus Accrued Guaranteed Additions (if any)
less annuity payouts paid till the date of death
50% of total premiums paid till the date of death
b. If the death happens before receiving the Survival Benefit, higher of the following amounts shall be
payable
Total Premiums paid till the date of death plus accrued Guaranteed Additions (if any) less
annuity payouts paid till the date of death
100% of total premiums paid till the date of death
Options D & E:
a. On the death of any one of the annuitants, no amount shall be payable
b. On the death of both the annuitants, higher of the following amounts shall be payable:
Total Premiums paid till the date of death plus accrued Guaranteed Additions (if any) till the date of death
100% of total premiums paid till the date of death

Please go through the terms and conditions of your Policy very carefully. You would have a
period of 15 days (30 days if policy is purchased through Distance Marketing channel or
Electronic Policies) from the date of receiving your Policy Document to review the terms and conditions. If you disagree with any of those terms and conditions, you have the option to return the Policy to Us for cancellation by providing a written notice stating the reasons for Your disagreement, and you shall be entitled to a refund of the Premiums paid (without interest) after deducting the stamp duty and any Annuity Amount already paid

For Single Life policies:
If the Annuitant s death is due to suicide within twelve months from the Date of Commencement of the Policy or from the Date of Revival of the Policy as applicable, the Nominee of the Policyholder shall be entitled to receive at least 80% of the Total Premium Paid and received by Us till the date of death of the Annuitant or Surrender Value available as on the date of death of the Annuitant, whichever is higher, provided the Policy is in In force Status. We shall not be liable to pay any interest on this amount.
For Joint Life Policies:
If any one of both Annuitant s death is due to suicide within twelve months from the Date of Commencement of the Policy or from the Date of Revival of the Policy as applicable, the Nominee of the Policyholder shall be entitled to receive at least 80% of the Total Premium Paid and received by Us till the date of death or Surrender Value available as on the date of death, whichever is higher, provided the Policy is in In force Status. We shall not be liable to pay any interest on this amount