Child Plans
MetLife College Plan
Synopsis:
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MetLife College Plan is a savings plan that offers regular cash payouts and bonuses during your child’s growing years and ensures that your child’s education expenses are covered. In the event of death, the assured sum and all bonuses will be paid and outstanding premiums for the policy will be waived.
Features:
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- MetLife College Plan ensures
- Cover your child's education expenses
- Provide financial security for your child with Triple Benefits*
- Provide tax benefits on the premiums you pay and the benefits received*
Eligibility:
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Person Insured |
Father/ mother/ legal guardian of the child |
Ages at entry* |
20 – 45 years |
Max. age at maturity* |
69 years |
Minimum Premium |
Annual Mode : Rs.18,000, Non Annual Mode: Rs.30,000 |
Maximum Premium |
Rs. 42,44,482 |
Premium Payment Term |
Regular |
Minimum Policy Term# |
12 – 24 years |
Minimum Sum Assured |
Rs. 2,12,040 |
Maximum Sum Assured |
Rs. 5 Crores |