PNB MetLife And Policybazaar Launch Smart Invest Pension Plan

PNB MetLife has collaborated with Policybazaar to introduce the PNB MetLife Smart Invest Pension Plan, a Unit-Linked, Non-Participating Individual Pension Plan. This new scheme is aimed at helping individuals plan their retirement efficiently, offering flexible investment options and market-linked returns.

Flexible Retirement Planning for Individuals

The Smart Invest Pension Plan is designed for individuals aged 40 to 50, allowing them to plan for early retirement with a customisable investment approach. It offers the flexibility to choose an immediate annuity upon maturity or defer it for a few years. Additionally, up to 60% of the maturity amount can be withdrawn as a tax-free lump sum, enhancing liquidity during retirement.

The plan includes two investment options:

• Pension Mid Cap Fund – Focused on growth through equity investments.
• Pension Bond Fund – Ensuring stability through debt instruments.

Both funds are available for subscription between 1st to 14th February 2025, at a Net Asset Value (NAV) of ₹10.

Key Benefits and Investment Options

• The Smart Invest Pension Plan offers several benefits to policyholders:
• Zero Charges – No premium allocation or policy administration charges, ensuring that the entire investment contributes to portfolio growth.
• Extended Vesting Age – Individuals can postpone their vesting age up to 70 years, providing greater flexibility in retirement planning.
• Market-Linked Returns – Policyholders can opt for Automatic Asset Rebalance Strategy or Systematic Transfer Strategy, enabling a balanced investment approach in equity and debt.
• Customisation Options – The plan allows unlimited fund switches, premium redirection, and partial withdrawals after five years to cater to changing financial needs.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.