Protection Plans
MetLife Mera Jeevan Suraksha Plan
Synopsis:
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This is a solution that offers you the choice – to provide for regular income or a lump sum payout – to secure your family’s dreams in case you are not around. You can opt to cover your spouse in the same plan and also have the option to choose return of premiums on survival till the end of the policy term, making this a truly flexible offering
Features:
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- Comprehensive Cover
- Choose Your Protection
- Joint Life Cover
- Return of Premiums
Benefits:
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- Death or Terminal Illness Benefit shall be payable according to the benefit option chosen by policyholder at inception
- Maturity benefit is payable only if ‘with Return of Premiums’ option is chosen.
Maturity benefit is equal to sum assured on maturity. No maturity benefit will be paid under ‘without Return of Premiums’ option
- Avail tax benefits on premiums paid & benefits received, as per prevailing tax laws
- Special rates for women
Eligibility:
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Product specification |
Minimum |
Maximum |
Age at entry (Years) |
18 |
65 |
Maximum age at maturity (Years) |
28 |
80 |
Policy Term (Years) |
10 |
40 (30, if ‘with return of premiums’ option is chosen) |
Premium Paying Term (PPT) (Years) |
Regular pay |
Regular pay |
Premium Payment modes |
Yearly / Half-yearly / Monthly |
Yearly / Half-yearly / Monthly |
Annualized Premium (Rs.) |
5,000 |
No limit, subject to maximum Sum Assured |
Basic Sum Assured (Rs.) |
25,00,000 |
No limit, subject to underwriting |