NB MetLife India Insurance Company Limited (PNB MetLife), one of India’s leading life insurance companies, announced the launch of the PNB MetLife RISE Plan (UIN: 117N169V01).

As Indian families plan for longer life expectancies, evolving responsibilities and rising financial needs, the demand for stable and predictable income solutions is growing. The PNB MetLife RISE plan is an individual, non-linked, non-participating savings life insurance product designed to combine guaranteed* income with comprehensive life cover, helping customers build long-term financial preparedness for key life milestones with confidence and certainty.

The PNB MetLife RISE Plan offers customers the flexibility to choose between two plan options – Smart Income and Smart Income Pro- allowing them to decide when their guaranteed income begins and how they wish to receive it, while remaining protected throughout the policy term.

Under the Smart Income option, guaranteed income† begins from a customer-chosen start year, between the 1st and 5th policy year, and continues until maturity, as per the selected payout mode and frequency.

Under the Smart Income Pro option, customers receive an instant cashback††, where a portion of the first-year premium is returned within 30 days of first-year premium realization after policy issuance. Guaranteed income† under this option starts from the 2nd policy year and continues until maturity.

In both options, a lump-sum maturity benefit (return of premiums) is payable, provided the policy remains in force and all due premiums are paid.

Once selected, the plan option cannot be changed during the policy term.