{"uin":"117N124V17","name":"PNB MetLife Guaranteed Future Plan","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17","insurer":{"slug":"pnb-metlife-insurance","name":"PNB MetLife India Insurance Company Limited","url":"https://indiainsurances.com/insurer/pnb-metlife-insurance"},"line":"life","category":"savings-life","category_name":"Endowment and savings plans","irdai_type":"Product","kind":"product","status":"active","approved_on":"2020-06-16","withdrawn_on":null,"summary":"PNB MetLife Guaranteed Future Plan is an individual, non-linked, non-participating savings life insurance plan with guaranteed fixed benefits. It offers Endowment, Income, Income + Lumpsum and Income + Booster payout options, with death benefit during the policy term and option-specific maturity or survival payouts.","analysis":{"state":"machine","analysed_at":"2026-10-19 23:57:16.181298+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Endowment","Income","Income+Lumpsum","Income + Booster"],"display":"Endowment; Income; Income+Lumpsum; Income + Booster","note":"The documents describe these as Benefit Payout Options rather than separate plans, but benefits differ by option.","quote":"Benefit Payout Option | <<“Endowment”/“Income” / “Income+Lumpsum” / “Income + Booster” >>","sources":[{"clause":"2","heading":"Policy Details","page":7,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-2"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"not-stated","value":null,"display":null,"note":"The CIS gives claim settlement time from the date of intimation, but the documents do not state a deadline by which the claim must be intimated.","quote":null,"sources":[],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Duly filled and signed Claim form","Copy of valid death certificate issued by local authority","Current address proof & Photo identity proof of the rightful nominee/legal heir","PAN Card/ Form 97 of the Nominee","Cancelled cheque / Copy of bank passbook of the rightful nominee/legal heir","Doctor’s Certificate prescribed in PNB MetLife Format","Copy of the First Information Report (FIR), Panchnama and Postmortem Report (PMR), Viscera report if applicable","Copy of the Final Police Investigation report (FPIR)/ Charge sheet if applicable","Obituary/Newspaper cutting","Succession certificate/ Legal Heir certificate in case of absence of nominee","Complete Medical records for any treatment taken in past or at the time of death","Medical cause of death certificate","Employer Certificate"],"display":"Claim form, death certificate, nominee KYC/PAN/bank proof, doctor certificate, and additional police/medical/employer documents depending on cause or place of death","note":"Additional documents apply based on cause of death and whether death occurred at home or hospital; the insurer may call for further documents if required.","quote":"1. Duly filled and signed Claim form\n2. Copy of valid death certificate issued by local authority\n3. Current address proof & Photo identity proof of the rightful nominee/legal heir\n4. PAN Card/ Form 97 of the Nominee\n5. Cancelled cheque / Copy of bank passbook of the rightful nominee/legal heir\n6. **Doctor’s Certificate prescribed in PNB MetLife Format (From the family physician or treating doctor) ... • Copy of the First Information Report (FIR), Panchnama and Postmortem Report (PMR), Viscera report if applicable\n• Copy of the Final Police Investigation report (FPIR)/ Charge sheet if applicable\n• Obituary/Newspaper cutting\n• Succession certificate/ Legal Heir certificate in case of absence of nominee ... • Complete Medical records for any treatment taken in past or at the time of death o Indoor Case papers o Death summary o Discharge summary\n• Medical cause of death certificate\n• **Employer Certificate - Only if Life assured was a salaried individual (prescribed in PNB MetLife Format)","sources":[{"clause":null,"heading":"6.3. Claims Procedure","page":29,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-6-3-claims-procedure"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"For cases not warranting investigation, claims settlement TAT is 15 days from the date of intimation of claim. For cases warranting investigation, it is 45 days from the date of intimation of claim.","display":"15 days from intimation; 45 days from intimation if investigation is warranted","note":null,"quote":"i. Turn Around Time (TAT) for claims settlement and brief procedure a) For cases not warranting investigation -15 days from the date of intimation of claim. b) For the cases warranting investigation - 45 days from the date of intimation of claim.","sources":[{"clause":"Row 5","heading":"Policy Coverage/benefits payable","page":3,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-row-5"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Death caused due to Suicide within first 12 months","Waiting Period of 90 days will be applicable for POS variant from the inception date of the policy","The Waiting period will not be applicable in case of Accidental death","No benefits will be paid when the Policy is in Lapse status","No Benefits will be payable under the Policy if the Policy is not reinstated"],"display":"Suicide within 12 months; 90-day POSP waiting period except accidental death; no benefits in lapse if not reinstated","note":"For suicide and POSP waiting period the policy pays a reduced/return-of-premium amount rather than the full death benefit.","quote":"Exclusions applicable to Death Benefit: Death caused due to Suicide within first 12 months. ... Waiting Period of 90 days will be applicable for POS variant from the inception date of the policy. No waiting period in case of accidental death. ... No benefits will be paid when the Policy is in Lapse status. ... No Benefits will be payable under the Policy if the Policy is not reinstated in accordance with the provisions stated in Section 4.5 of Part D.","sources":[{"clause":"Row 5","heading":"Policy Coverage/benefits payable","page":3,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-row-5"},{"clause":null,"heading":"19.","page":13,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-19"},{"clause":null,"heading":"4.3.1 Lapse","page":24,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14351#c-4-3-1-lapse"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First approach PNB MetLife through Level 1 touch points such as toll-free number, email, writing to the Grievance Redressal Department, website or branch. If not satisfied, write to the Grievance Redressal Officer at gro@pnbmetlife.co.in before using IRDAI/Bima Bharosa or the Insurance Ombudsman route.","display":"Level 1: call, email, write, website or branch; Level 2: Grievance Redressal Officer at gro@pnbmetlife.co.in","note":null,"quote":"For any complaint/grievance, approach any of Our following touch points:\n• Call 1800-425-69-69 (Toll free)\n• Email at indiaservice@pnbmetlife.co.in\n• Write to Grievance Redressal Department, PNB MetLife India Insurance Co. Ltd., Unit no. 302, 3rd floor, Tower-3, Worldmark, Village Maidawas, Sector 65, District Gurugram,\n• Haryana-122018 Online through Our website www.pnbmetlife.com\n• Our nearest PNB MetLife branch across the country\nLevel 2:\nIn case not satisfied with the resolution provided by the above touch points, Write to Our Grievance Redressal Officer at gro@pnbmetlife.co.in","sources":[{"clause":null,"heading":"Level 1","page":33,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-level-1"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Basic Sum Assured is the minimum amount assured to be paid on death. For most limited pay options it is 10 x Annualised Premium; for single pay income and booster options it is 1.25 x Single Premium; for Endowment PPT 2, 3 and 4 it is 7 times Annualized Premium for entry age below 50 and 5 times for entry age 50 and above.","display":"Basic Sum Assured: generally 10 x Annualised Premium for Limited Pay; 1.25 x Single Premium for Single Pay; Endowment PPT 2, 3 & 4 has 7x/5x by age","note":"The 7x/5x rule is printed in the Endowment option wording.","quote":"“Basic Sum Assured (BSA)” means the absolute amount specified in the Policy Schedule which is the minimum amount assured to be paid on the death of the Life Assured. The Basic Sum Assured is equal to 10 x Annualised Premium for Limited pay and 1.25 x Single Premium for Single pay policies. ... For PPT 2, 3 & 4 years: 7 times Annualized Premium for Entry Age less than 50 years 5 times Annualized Premium for Entry Age 50 years & above\nFor other than PPT 2,3 & 4 years: 10 times Annualized Premium","sources":[{"clause":null,"heading":"4.","page":12,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14347#c-4-2"},{"clause":null,"heading":"4.","page":12,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-4-2"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"On death during the policy term while in-force, the nominee receives the Death Benefit and the policy terminates. Sum Assured on Death is the higher of BSA, Annualized Premium or Single Premium multiplied by the Death Benefit Multiple, and 105% of total premiums paid, with option-specific floors including accrued guaranteed additions, wealth additions or booster additions and deducting guaranteed income payouts already made where applicable.","display":"Higher of BSA, premium x death benefit multiple, and 105% of total premiums paid, with option-specific accrued additions and income-payout adjustment","note":"Single Premium is mentioned in the Income and Income + Booster options; Income + Lumpsum uses Annualized Premium.","quote":"In the event of the unfortunate death of the Life Assured during the policy term provided that the policy is still In-force status on the date of death, the nominee shall receive Death Benefit and the Policy shall terminate.\nSum Assured on Death shall be defined as higher of:\n• Basic sum assured (BSA), which is the absolute amount assured to be paid on death.\n• Annualized Premium or Single premium multiplied by the Death Benefit Multiple\n• 105% of total premiums paid up to the date of death ... The Death benefit payable on death shall not be less than {Total Premiums paid + Guaranteed Additions accrued up to the date of death + Wealth Additions Accrued up to the date of death, if any} ... Death Benefit payable on death shall not be less than {Total Premiums Paid + accrued Guaranteed Additions + Accrued Wealth Additions (if any) less Guaranteed Income Payouts made during the Income Payout Period (if\nany) till date of death}. ... Death Benefit payable on death shall not be less than {Total Premiums Paid plus accrued Guaranteed Additions plus Booster Additions (if applicable) less Guaranteed Income Payouts made during the Income Payout Period (if any) till date of death}","sources":[{"clause":null,"heading":"3.2.3. Death Benefit","page":18,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14347#c-3-2-3-death-benefit"},{"clause":null,"heading":"3.2.3. Death Benefit","page":16,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-3-2-3-death-benefit"},{"clause":null,"heading":"3.2.3. Death Benefit","page":18,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14351#c-3-2-3-death-benefit"},{"clause":null,"heading":"3.2.3. Death Benefit","page":18,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14350#c-3-2-3-death-benefit"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"Maturity benefit depends on the payout option. Endowment pays Guaranteed Maturity Benefit equal to Sum Assured on Maturity plus Accrued Guaranteed Additions and Accrued Wealth Additions; Income pays no maturity benefit; Income + Lumpsum pays accrued Wealth Additions as a lump sum; Income + Boosters pays no maturity benefit.","display":"Endowment: Sum Assured on Maturity + accrued guaranteed and wealth additions; Income and Income + Boosters: no maturity benefit; Income + Lumpsum: accrued Wealth Additions lump sum","note":null,"quote":"Guaranteed Maturity Benefit is defined as sum of Sum Assured on Maturity, Accrued Guaranteed Additions and Accrued Wealth Additions; where - ... No maturity benefit is payable if Option 2 – Income Option is in-force under the policy. ... On survival of the Life Assured till the Maturity Date, and if the Policy is in In-force Status, the accrued Wealth Additions shall be payable as Lump Sum provided all due premiums are paid. ... No maturity benefit is payable if Option 4 – Income + Boosters is in-force under the policy.","sources":[{"clause":null,"heading":"3.2.2. Maturity Benefit","page":16,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-3-2-2-maturity-benefit"},{"clause":null,"heading":"3.2.2. Maturity Benefit","page":18,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14347#c-3-2-2-maturity-benefit"},{"clause":null,"heading":"3.2.2. Maturity Benefit","page":18,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14351#c-3-2-2-maturity-benefit"},{"clause":null,"heading":"3.2.2. Maturity Benefit","page":18,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14350#c-3-2-2-maturity-benefit"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"Maximum maturity age is 92 years for Endowment, Income + Lumpsum and Income + Booster, and for Income limited pay. For Income single pay the maximum maturity age is 80.","display":"Maximum maturity age 92 years; Income single pay 80 years","note":"From the sales brochure. Brochures for Endowment, Income + Lumpsum and Income + Booster state 92 years; Income option states Single pay: 80 and Limited pay: 92 years.","quote":"Maximum age3 at Maturity (Years) | 92 Years ... Maximum age3 at Maturity (Years) | Single pay: 80 ; Limited pay: 92 Years","sources":[{"clause":null,"heading":"PLAN AT A GLANCE","page":1,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14063#c-plan-at-a-glance"},{"clause":null,"heading":"PLAN AT A GLANCE","page":1,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14064#c-plan-at-a-glance"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If death is due to suicide within 12 months from commencement of risk or revival, the nominee or beneficiary receives at least 80% of Total Premium Paid received till death or the available Surrender Value, whichever is higher, if the policy is in-force. No interest is payable.","display":"Within 12 months: at least 80% of Total Premium Paid or Surrender Value, whichever is higher, without interest","note":null,"quote":"If the Life Assured’s death is due to suicide within Twelve months from the Date of Commencement of Risk or from the Date of Revival of the Policy as applicable, the Nominee or beneficiary 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 Life Assured or Surrender Value available as on the date of death of the Life Assured, whichever is higher, provided the Policy is in Inforce status. We shall not be liable to pay any interest on this amount.","sources":[{"clause":null,"heading":"6.8. Exclusion","page":31,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-6-8-exclusion"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"For limited pay, the policy acquires Special Surrender Value after first full policy year premium is paid, and Guaranteed Surrender Value after at least two full policy years' premiums are paid; single pay acquires Guaranteed Surrender Value and Special Surrender Value immediately on commencement of risk. Surrender value payable is the higher of Guaranteed Surrender Value and Special Surrender Value, and the policy terminates after payment.","display":"Higher of GSV and SSV; limited pay SSV after first full policy year, GSV after two full policy years; single pay immediately","note":"Endowment and Income + Lumpsum wordings also state SSV after first full policy year and GSV after at least two full policy years; some options have special rules for PPT less than 5 years.","quote":"If all due premiums have been paid for first full policy year, the policy shall acquire Special Surrender Value after completion of first policy year. If all due premiums have been paid for atleast two full policy years, the policy shall acquire Guaranteed Surrender Value. For Single Pay, The policy shall acquire Guaranteed Surrender Value and Special Surrender Value immediately on date of commencement of risk.\nThe policy will be terminated after payment of Surrender value. The Surrender value payable shall be higher of Guaranteed Surrender Value and Special Surrender Value","sources":[{"clause":null,"heading":"For Limited Pay","page":25,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14347#c-for-limited-pay"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"If the policy has acquired surrender value and future instalment premiums are not paid, the policyholder may surrender or continue as paid-up with reduced benefits. Reduced paid-up generally provides a paid-up death benefit, no survival benefit for income variants, and a paid-up maturity benefit at maturity where applicable.","display":"After acquiring surrender value, policy can continue paid-up with reduced death and maturity benefits; no survival benefit for income variants","note":"The exact paid-up maturity formula differs by option.","quote":"If a policy has acquired Surrender Value and future due instalment premiums are not paid, the policyholder shall have the option to either surrender the policy or continue it as a paid-up policy with reduced benefits. ... Death Benefit | On death of Life assured, Paid-Up Sum Assured on death is payable as lump sum ... Maturity Benefit | On survival of Life till Maturity Date, Paid-up Maturity Benefit (if applicable) is payable as lumpsum ... Survival Benefit | No survival benefit is payable if the policy is in Paid-Up status with reduced benefits.","sources":[{"clause":null,"heading":"4.3.2 Reduced Paid-Up Value","page":23,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-4-3-2-reduced-paid-up-value"},{"clause":null,"heading":"4.3.2 Reduced Paid-Up Value","page":24,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14351#c-4-3-2-reduced-paid-up-value"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A lapsed or paid-up policy may be revived during the Revival Period of five consecutive complete years from the date of first unpaid instalment premium, by written notice and payment of arrears with interest, subject to underwriting. A surrendered policy cannot be revived.","display":"5 years from first unpaid instalment premium","note":null,"quote":"“Revival Period” means a period of five consecutive complete years from the date of first unpaid Installment Premium. ... A Policy that has Lapsed or that has been converted to a Paid-up Policy Status may be revived during the Revival Period by giving Us written notice to revive the Policy, provided that: ... i) All due arrears of Instalment Premiums along with interest at Prevailing Rate of Interest, if any, are received by Us in full. ... iv) The Revival of the Policy will be subject to Board approved underwriting policy. A surrendered Policy cannot be revived.","sources":[{"clause":null,"heading":"38.","page":15,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-38"},{"clause":null,"heading":"4.5. Policy Revival","page":26,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-4-5-policy-revival"},{"clause":"Row 30(IX)(b)(i)","heading":null,"page":26,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-row-30-ix-b-i"},{"clause":"Row 30(IX)(b)(iv)","heading":null,"page":27,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-row-30-ix-b-iv"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Policy loan is available after the policy has acquired surrender value and is in-force. The proposed loan amount must not exceed 80% of the Surrender Value at the end of the policy year, after deductions for unpaid premiums, existing loans and accrued loan interest.","display":"Yes, up to 80% of Surrender Value after surrender value is acquired and policy is in-force","note":null,"quote":"After a Surrender Value has been acquired under the Policy and provided that the Policy is in In-force Status, We may grant You a loan under the Policy provided that:\na) The proposed loan amount does not exceed 80% of the Surrender Value at the end of the Policy Year (in which loan is requested) less any unpaid Installment Premiums for that Policy Year, any outstanding loans previously granted on this Policy and loan interest (if any) accrued to the end of that Policy Year;","sources":[{"clause":null,"heading":"4.2. Policy loan Eligibility for policy loan","page":21,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-4-2-policy-loan-eligibility-for-policy-loan"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["PNB MetLife Accidental Death Benefit Rider Plus (UIN: 117B020V04)","PNB MetLife Serious Illness Rider (UIN: 117B021V04)","PNB MetLife Goal Protector Waiver of Premium Rider (UIN: 117B028V01)"],"display":"Accidental Death Benefit Rider Plus; Serious Illness Rider; Goal Protector Waiver of Premium Rider","note":"Riders are optional and subject to rider terms and conditions; Goal Protector Waiver of Premium Rider is only when Life Assured and Policyholder are different.","quote":"a) PNB MetLife Accidental Death Benefit Rider Plus (UIN: 117B020V04) – This Rider provides additional protection over and above the death benefit under this Policy in the event of the death of the Life Assured in an Accident.\nb) PNB MetLife Serious Illness Rider (UIN: 117B021V04) - This Rider provides additional protection over and above the Death Benefit under this Policy in the event of the Life Assured being diagnosed with any of the critical illnesses listed in the Rider.\nc) PNB MetLife Goal Protector Waiver of Premium Rider (UIN: 117B028V01) - This Rider will pay all the outstanding Premiums of this Policy, along with the Premiums of any existing Rider attached to this Policy, in the event of Proposer’s death.","sources":[{"clause":null,"heading":"3.3.1. Rider Benefits","page":19,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14347#c-3-3-1-rider-benefits"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"No life insurance policy can be called in question on any ground after expiry of 3 years from the later of issuance, commencement of risk, revival or rider date. Within 3 years, it may be questioned for fraud or material misstatement/suppression with written communication of the grounds and materials; for non-fraud misstatement, premiums collected are paid within 90 days from repudiation.","display":"Cannot be questioned after 3 years; within 3 years for fraud or material misstatement with written grounds","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from a. the date of issuance of policy or b. the date of commencement of risk or c. the date of revival of policy or d. the date of rider to the policy whichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years ... Life insurance Policy can be called in question within 3 years on the ground that any statement of or suppression of a fact material to expectancy of life of the insured was incorrectly made ... In case repudiation is on ground of mis-statement and not on fraud, the premium collected on policy till the date of repudiation shall be paid to the insured or legal representative or nominee or assignees of insured, within a period of 90 days from the date of repudiation.","sources":[{"clause":"01","heading":null,"page":42,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-01-2"},{"clause":"02","heading":null,"page":42,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-02-2"},{"clause":"06","heading":null,"page":42,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-06-2"},{"clause":"07","heading":null,"page":43,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-07-2"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"Tax benefits are as per prevailing tax laws in India and amendments from time to time; tax laws are subject to change. The insurer will deduct, charge or recover applicable taxes and levies on payments under or in relation to the policy.","display":"Tax benefits as per prevailing tax laws; tax laws subject to change","note":null,"quote":"The tax benefits on the Policy shall be as per the prevailing tax laws in India and amendments thereto from time to time. In respect of any payment made or to be made under or in relation to this Policy, we will deduct or charge or recover taxes including service tax and other levies as applicable at such rates as notified by the government or such other body authorized by the government from time to time. Tax laws are subject to change.","sources":[{"clause":null,"heading":"6.5. Taxation","page":30,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-6-5-taxation"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":"Refund is subject to deduction of proportionate risk premium, medical examination expenses and stamp duty charges.","quote":"If You have any objections to the terms and conditions of Your Policy, You may cancel the Policy by giving a written notice to us within 30 days beginning from the date of receipt of Policy Document, whether received electronically or otherwise, stating the reasons for Your objection, provided no claims has been made under this Policy.","sources":[{"clause":null,"heading":"4.1. Free Look Period","page":21,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-4-1-free-look-period"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days; 15 days for monthly mode","note":"For monthly premium mode the grace period is fifteen days; for all other cases it is 30 days.","quote":"The Grace Period for payment of the premium for all types of life insurance policies shall be fifteen days, where the policyholder pays the premium on a monthly basis and 30 days in all other cases.","sources":[{"clause":null,"heading":"3.4.3. Grace Period for other than Single Premium policies","page":19,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-3-4-3-grace-period-for-other-than-single-premium"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"Minimum age at entry is 0 years, stated as 30 days, and maximum age at entry is 60 years.","display":"0 (30 days) to 60 years","note":"From the sales brochure. It also states that entry age varies with premium payment term and policy term chosen.","quote":"Minimum age3 at entry (Years) | 0 (30 days)\nMaximum age3 at entry (Years) | 60 years","sources":[{"clause":null,"heading":"PLAN AT A GLANCE","page":1,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14063#c-plan-at-a-glance"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["annual","half yearly","monthly"],"display":"Annual, Half Yearly, Monthly","note":"Some brochures also show Single for single-premium variants; single premium is captured under premium payment type.","quote":"c) The available premium payment modes under the policy are annual, half yearly and monthly ... You may opt to pay premiums by Yearly, Half Yearly, or Monthly mode subject to the minimum annualized premium under each mode.","sources":[{"clause":null,"heading":"3.4.1. Payment of Premium","page":19,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-3-4-1-payment-of-premium"},{"clause":null,"heading":"3.4.5. Premium mode loading / Modal Factors","page":19,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-3-4-5-premium-mode-loading-modal-factors"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"guaranteed_benefits","label":"Guaranteed benefits","section":"Cover","meaning":"What is guaranteed, in rupees or as a formula, regardless of the insurer's performance.","status":"quote-verified","value":"The policy offers guaranteed fixed benefits. Depending on the option, these include Guaranteed Maturity Benefit, Guaranteed Income Payouts, accrued Guaranteed Additions, accrued Wealth Additions and Booster Additions; the death benefit is also guaranteed by formula.","display":"Guaranteed fixed benefits: maturity, income payouts, guaranteed additions, wealth additions and booster additions depending on option","note":"The guaranteed benefits vary by the chosen benefit payout option.","quote":"Individual, Non-linked, Non-Participating, Savings, Life Insurance Plan offering Guaranteed fixed benefits ... Guaranteed Maturity Benefit is defined as sum of Sum Assured on Maturity, Accrued Guaranteed Additions and Accrued Wealth Additions ... Guaranteed Income payout is defined as the sum of all Annualized premium plus Guaranteed Additions accrued divided by Income payout period. ... Booster Additions, are expressed as percentage of Annualized premium, will be payable in addition to the Guaranteed Income Payout at specified policy anniversaries.","sources":[{"clause":"Row 3","heading":"Type of Insurance Policy","page":3,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-row-3"},{"clause":null,"heading":"3.2.2. Maturity Benefit","page":16,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-3-2-2-maturity-benefit"},{"clause":null,"heading":"3.2.1. Survival Benefit","page":16,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14351#c-3-2-1-survival-benefit"},{"clause":null,"heading":"3.2.1. Survival Benefit","page":16,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14350#c-3-2-1-survival-benefit"}],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"quote-verified","value":"No participating bonus is available because the policy is non-participating and not entitled to share in surplus profits.","display":"No bonus; non-participating","note":null,"quote":"“Non-Participating” means the Policy is not entitled to share in surplus (profits) during the term of the Policy.","sources":[{"clause":null,"heading":"24.","page":14,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-24"}],"law":[]},{"key":"illustration_returns","label":"Illustrated returns","section":"Cover","meaning":"The benefit illustration at the IRDAI rates (4% and 8%); not a promise.","status":"not-stated","value":null,"display":null,"note":"The wording defines Benefit Illustration but the provided clauses do not state illustrated returns at the IRDAI 4% and 8% rates.","quote":null,"sources":[],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"quote-verified","value":"Endowment has no survival benefit during the policy term. Income, Income + Lumpsum and Income + Booster provide Guaranteed Income Payouts after the premium payment term and deferment period during the income payout period; Income + Booster also pays Booster Additions at specified policy anniversaries.","display":"No survival benefit for Endowment; income options pay Guaranteed Income Payouts after PPT and deferment, with Booster Additions under Income + Booster","note":"Survival payout dates and periods depend on premium payment term, deferment period and policy term.","quote":"No survival benefit will be payable during the policy term. ... The Guaranteed Income Payouts will be payable throughout the Income Payout period after completion of the premium payment term and deferment period, if chosen. ... The Guaranteed Income Payouts will be payable at policy anniversaries during the Income Payout period after completion of the premium payment term and deferment period, if chosen. ... Booster Additions, are expressed as percentage of Annualized premium, will be payable in addition to the Guaranteed Income Payout at specified policy anniversaries.","sources":[{"clause":null,"heading":"3.2.1. Survival Benefit","page":16,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348#c-3-2-1-survival-benefit"},{"clause":null,"heading":"3.2.1. Survival Benefit","page":16,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14347#c-3-2-1-survival-benefit"},{"clause":null,"heading":"3.2.1. Survival Benefit","page":16,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14351#c-3-2-1-survival-benefit"},{"clause":null,"heading":"3.2.1. Survival Benefit","page":16,"url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14350#c-3-2-1-survival-benefit"}],"law":[]}],"documents":[{"kind":"wording","label":"PNB MetLife Guaranteed Future Plan Endowment 117N124V01","pages":31,"fetched_at":"2026-10-17 19:58:03+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/TermsCondition/MGFP_endowment_tnc.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14169"},{"kind":"wording","label":"PNB MetLife Guaranteed Future Plan Income + Lumpsum 117N124V01","pages":34,"fetched_at":"2026-10-17 19:58:05+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/TermsCondition/MGFP-%20Policy%20Document%20-%20Option%203%20-IRDA%20approved%20-16062020_tcm47-74311.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14170"},{"kind":"wording","label":"PNB MetLife Guaranteed Future Plan Income 117N124V01","pages":32,"fetched_at":"2026-10-17 19:58:04+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/TermsCondition/MGFP-%20Policy%20Document%20-%20Option%202%20-IRDA%20approved%20-16062020_tcm47-74310.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14171"},{"kind":"wording","label":"PNB MetLife Guaranteed Future Plan Income + Boosters 117N124V01","pages":34,"fetched_at":"2026-10-17 19:58:06+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/TermsCondition/MGFP-%20Policy%20Document%20-%20Option%204%20-IRDA%20approved%20-16062020_tcm47-74312.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14173"},{"kind":"wording","label":"Income T&C","pages":46,"fetched_at":"2026-10-17 20:01:18+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/Download_Brochure/MGFP_Policy_Document-Option2.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14347"},{"kind":"wording","label":"Endownment T&C","pages":43,"fetched_at":"2026-10-17 20:01:17+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/Download_Brochure/MGFP_Policy_Document-Option1.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14348"},{"kind":"wording","label":"Income+Booster T&C","pages":45,"fetched_at":"2026-10-17 20:01:20+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/Download_Brochure/MGFP_Policy_Document-Option4.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14350"},{"kind":"wording","label":"Income+Lumpsum T&C","pages":46,"fetched_at":"2026-10-17 20:01:19+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/Download_Brochure/MGFP_Policy_Document-Option3.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14351"},{"kind":"brochure","label":"Endowment Option","pages":2,"fetched_at":"2026-10-17 19:55:23+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/Download_Brochure/MGFP_Leaflet_Option1-Agency.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14063"},{"kind":"brochure","label":"Income Option","pages":2,"fetched_at":"2026-10-17 19:55:26+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/Download_Brochure/MGFP_Leaflet_Option2-Agency.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14064"},{"kind":"brochure","label":"Income + Lumpsum Option","pages":2,"fetched_at":"2026-10-17 19:55:28+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/Download_Brochure/MGFP_Leaflet_Option3-Agency.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14066"},{"kind":"brochure","label":"Income + Booster Option","pages":2,"fetched_at":"2026-10-17 19:55:30+00","source_url":"https://www.pnbmetlife.com/content/dam/pnb-metlife/docs/product/Download_Brochure/MGFP_Leaflet_Option4-Agency.pdf","url":"https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17/document/14068"}],"versions":[{"uin":"117N124V01","version":null,"approved_on":null},{"uin":"117N124V17","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"PNB MetLife Insurance official website","url":"https://www.pnbmetlife.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claim process","url":"https://www.pnbmetlife.com/claims/process.html","note":null},{"purpose":"claim","kind":"insurer","name":"File a claim","url":"https://customerportal.pnbmetlife.com/claim/journey/","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.pnbmetlife.com/grievance-cell/grievance-redressal.html","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"PNB MetLife Guaranteed Future Plan (UIN 117N124V17), IndiaInsurances, https://indiainsurances.com/policy/pnb-metlife-insurance/pnb-metlife-guaranteed-future-plan-117n124v17"}