PNB MetLife launches Grand Assured Income Plan – an ideal retirement solution

PNB MetLife,

New Delhi, November 02, 2022: PNB MetLife, one of India’s leading life insurers, has launched PNB MetLife Grand Assured Income Plan (GAIN), a deferred annuity plan to augment its portfolio of retirement solutions. This non-linked, non-participating plan helps customers save systematically for retirement and will help them have a comfortable lifestyle through their golden years.

PNB MetLife Grand Assured Income Plan gives customers the flexibility to choose from a host of income options and they can also decide when to start receiving retirement income, thus catering to varied financial requirements in the second innings of their life.

Commenting on the launch, Ashish Kumar Srivastava, MD & CEO, of PNB MetLife, said, “We, at PNB MetLife, understand the impact of variables such as inflation, longevity, and rising healthcare costs over time. Our Grand Assured Income Plan (GAIN) is a solution that can help late starters close any gaps in their retirement planning, as well as help those who do start saving early but end up being underprepared due to changes in the macroeconomic environment. This product supports customers to save systematically for their retirement while assuring a lifelong guaranteed income upfront.”

Key Highlights of PNB MetLife Grand Assured Income Plan:

· Choose to pay a single premium or more affordable installment premiums

· Guaranteed Income for a Lifetime*

· Lock your annuity rates today

· Joint life option ensures that your spouse continues to get a regular income even after your demise

· Other Annuity Options to choose from as per needs

· Choose when to receive the annuity payments**