In life, we strive to meet not only our current financial needs but also wish to generate sufficient corpus for times when we will no more be earning or in times of trouble. Savings plans by MetLife are designed to meet the need of long-term capital generation of individuals as well as their need for protection.
MetLife Savings Plans are a bouquet of savings sum insurance schemes that offer not just protection but growth accompanied savings for your future endeavors. Unlike standard savings schemes, MetLife savings plans ensure that your money continues to grow as well. So, be it your child’s education or saving for your daughter’s wedding, savings plans from MetLife ensure that you have enough corpus to fall back on. Following are some of the savings oriented insurance schemes by MetLife.
List of Savings Plans Offered by PNB MetLife
There are three savings plans that are offered by PNB MetLife to the customers. All these plans are non-linked endowment plans that offer savings with growth as well as insurance protection.
MetLife Endowment Savings Plan
MetLife Endowment Savings plan is a savings cum insurance plan that offers you systematic savings for all the important milestones of your life as well as life protection. The plan helps you accumulate a corpus as well as ensure financial protection for your family in the unfortunate event of sudden death. The policy is great for people who are looking to conservatively grow their money as well as avail protection for their family.
MetLife Bachat Yojana
MetLife Bachat Yojana is an insurance cum savings plan that offers to build a substantial corpus with small premiums. The aim of the scheme is to help policyholders save and grow their money without having to invest drastically. The plan emphasizes long-term savings in order to address your long-term financial goals like retirement, child’s marriage etc. The plan comes at affordable premiums making it a popular product among customers. Also, protection offered by the plan is an added advantage to ensure that your loved ones do not have to struggle financially in case you are not around.
MetLife Bhavishya Plus
The plan is an ideal insurance policy for ensuring that your loved ones are taken care of even if you are not around to fulfill their needs. MetLife Bhavishya Plus is a non-linked participating endowment plan that offer insurance cum savings benefit. The plan stands out in its feature of waiving off premium payment in case of unfortunate death of the policyholder. This ensures that your family is covered even when they are not burdened with payment of insurance premiums.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017