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    What is Guaranteed Income Plans? Key Benefits of Guaranteed Income Plan

    Last Updated On 16-09-2020

    Investment in financial instruments, especially those having a component of life cover, is a great way to get financial protection. The market is crowded with many such financial instruments and choosing from the lot becomes tricky if you wish for a plan that is customised to your needs. These customisations can be on the returns you get or the premium payments you make or even both. It is to cater to such niche demands that the guaranteed income plan was created.

    PNB MetLife Guaranteed income plan is  non-participating, non-market linked endowment policies that offer you fixed returns at regular intervals at a predetermined rate.

    Advantages of a Guaranteed Income Plan

    1. Alternate Source of Income to Support Your Expenses
      Having a regular source of income other than the salary helps you in planning the monthly budget efficiently. With the high living standards in most cities, the demand for new products and services to cope up with the standards continues to increase. This is where a second income comes in handy.
    2. Plan Your Goals with the Maturity Benefit
      The lump-sum amount assured at the time maturity provides a much-required cushion for your long-term financial goals. Usually, saving for such long-term goals can be very tough, especially for middle-class individuals. There is always some or the other financial requirement that crops now and then, thereby making you withdraw your hard-earned savings. So, with the dual benefit of this income plan, you can meet both your short-term as well as long-term goals with ease.
    3. Safeguard Your Family’s Future
      One more added benefit that comes along with the policy is a life cover. Being the basic and most essential form of financial protection, a guaranteed income plan ensures that your family is safe even when you are not around. Furthermore, in most cases, with the demise of the policyholder, the premium payment is also waived off.
    4. Tax benefits
      Just as most other investment options, guaranteed income plans entitle you to a tax benefit of up to ₹1.5 lakhs under Section 80C of the Income Tax Act.
    5. Rider Options
      This plan also offers you the chance to opt for some riders be it for, Accidental death or Serious illness. These riders broaden your risk cover and help you maintain a complete peace of mind as they ensure that your family is financially protected in case of any eventuality.
    6. Flexible Term & Premiums
      The flexibility offered in this scheme is beyond comparison. When individuals look for customisable options, they either end up with flexible premiums or adjustable terms. However, here you get the best of both. You can pay for as long as you like for the income returns as well as maturity.
    7. Achieve Important Milestones of Life
      Most of us have milestones set in our lives, which we seek to achieve over the period of our lifetime. With the flexible policy terms and regular income benefits that are available in this plan, you can accordingly arrange the funding for each milestone. Be it a child’s marriage or higher education, you can easily plan your milestones with this plan.
    8. Loan Options
      With the guaranteed income plan, you also get the option to take a loan against the policy once it acquires a surrender value. The maximum amount, which you can be availed is 90% of the special surrender value at the end of Policy Year less any unpaid premiums for that year and loan interest accrued, if a loan is already existing on the policy, to the end of that year.

    While the guaranteed income plans offer attractive, well-rounded benefits, it is vital to check if the plan meets your financial needs. Determine your financial goals and read the policy document carefully to avail the perfect guaranteed income plan for your needs.

    To know more about term plan, term insurance, long term savings & retirement plan visit PNB MetLife website.


    The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

    PNB MetLife India Insurance Company Limited,
    Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
    IRDAI Registration number 117 | CIN U66010KA2001PLC028883
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
    Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
    The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969.. Phone: 080-66006969, Website:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203


    • IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.


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    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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