Wealth Plans
MetLife Whole Life Wealth Plan
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
A whole life protection and savings oriented unit linked insurance plan - which offers life insurance cover to protect your family in case of your unfortunate demise and provides you with tailor-made solutions to achieve your goals, including an option where wealth creation doesn’t take a back seat even during critical illness.
Features:
fjrigjwwe9r3SDPrivInsuProd:Features
- Whole Life Cover
- Uninterrupted savings for your goals
- Personalised wealth plan
- Get rewarded with fund boosters
Benefits:
fjrigjwwe9r3SDPrivInsuProd:Benefits
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- Pay for a limited period, while life cover continues till the age of 99 years
- Protect your family for whole of life
- Safeguard your goals through ‘Care Benefit’
- Create a personalized wealth plan with your choice of portfolio strategies
- Get rewarded with fund boosters
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Product specification |
Minimum |
Maximum |
Age at entry (Years) |
Wealth Option: 0 (30 days)^
Wealth + Care Option: 18 |
65 |
Maturity age(Years) |
99 |
99 |
Policy term (Years) |
99 – age at entry |
99 – age at entry |
Premium Paying Term (PPT) (Years) |
For age < 45 : 10
For age >= 45 : 8 |
Wealth Option: 25 Wealth + Care Option: 25, Subject to age of life assured not exceeding 75 years at the end of PPT |
Sum assured cover multiple^^ |
For age < 45 : 0.5 * (70 - age at entry), subject to a minimum of 10
For age >= 45 : 0.25 * (70 - age at entry), subject to a minimum of 7 |
Age |
SA multiple |
0 to10 |
40 |
11 to 20 |
35 |
21 to 30 |
30 |
31 to 40 |
25 |
41 to 50 |
20 |
51 to 55 |
15 |
56 to 60 |
10 |
61 to 65 |
7 |
|
^^Sum Assured = Sum assured multiple * Annualized premium
^In case the life assured is a minor, risk cover starts immediately at inception of the policy.