Bimadeals » Savings Plan

LIFE INSURANCE | SAVINGS PLAN | MET 100 | MET LIFE | BENEFITS | ADVANTAGES | FEATURES & ELIGIBILITY

bhavana — Wed, 25 Nov 2009 09:34:26 +0000

Life is made up of dreams which we all try to achieve through hard work. All the dreams need financial support. Be it a grand wedding for your children, a house or a car. Savings help you realize all your dreams and protect you and your loved ones from life’s uncertainties. Met Life’s Savings Plans makes your savings grow and ensures complete peace of mind.

MetLife presents ‘Met 100′ – a whole life policy where you pay premiums for 15, 20 or 25 years.

It helps create a legacy for the children, leaving money for a dependent spouse and, more importantly, provides insurance cover at affordable rates.

Met 100 is available in both participating as well as non- participating versions.

BENEFITS

Death Benefit
Met 100 – Par
In the event of death, the Sum Assured plus the Reversionary Bonus and Terminal Bonuses, if any, are payable.

Met 100 – Non-Par
In the event of death, the Sum Assured is payable.

Maturity Benefit
Met 100 – Par
On maturity of the policy, the Sum Assured plus the Reversionary Bonus and Terminal Bonuses, if any, are payable.

Met 100 – Non-Par
On maturity of the policy, the Sum Assured is payable.

ADVANTAGES

1. A whole life plan where the duration is for life or till 100 years of age.

2. Limited premium paying term: Payment ceases but life cover continues throughout life.

3. Guaranteed benefit equal to the Sum Assured plus bonuses in a participating policy on death and maturity.

4. Loan facility available.

5. Tax benefits as applicable under Section 80C and 10(10D).

FEATURES & ELIGIBILITY


	Non-Par	Par
Minimum Entry Age	15 yrs	0 yrs
Maximum Entry Age	70 yrs for ppt of 15 yrs 65 yrs for ppt of 20 yrs 60 yrs for ppt of 25 yrs	70 yrs for ppt of 15 yrs 65 yrs for ppt of 20 yrs 60 yrs for ppt of 25 yrs 70 yrs for life – ppt
Premium Paying Terms	15, 20, 25 yrs	15, 20, 25 yrs
Minimum Sum Assured	Rs. 50,000	Rs. 50,000
Maximum Sum Assured	No limit (subject to UW)	No limit (subject to UW)
Minimum Annual Premium	Rs. 1,000 for issue age of < 15 yrs Rs. 2,500 for issue age of > = 15 yrs	Met 100 Gold: Rs. 2,500 Met 100 Platinum: Rs. 7,500

RIDERS

MetLife, wants their customers to get the maximum out of their lives. Be it in terms of making their dreams come true or getting the best out of their insurance plan. With this in mind, we created MetMore which allows you to customize your life insurance plan. So that it can be tailored to meet the unique needs of you and your family members. MetMore offers you a choice of riders which are optional contracts that allow you to enjoy additional benefits. They are always attached to the basic policy at the time of purchasing it, and cannot be bought separately or independently. Each rider comes with its own premium rates and separate policy conditions. The premium, nature and characteristics of the rider are based on the base policy to which the rider is attached.

So go on, get more out of life.

Accidental Death Benefit – Death caused due to an accident is one of the most unexpected and painful of all causes of deaths. Due to the high unpredictability of this form of mishap, the benefits offered by the Accidental Death Benefit Rider become all the more important and relieving.

This Rider provides for the payment of an additional amount should death occur as a result of an accident by outward violent and visible means before age 60 years.

Death of the Life Insured must occur within 180 days from the date of the accident.

Minimum Entry	15 years
Maximum Entry	55 years
Maximum age at maturity	60 years
Minimum Sum Assured	Rs. 50,000
Maximum Sum Assured	Rs. 10, 00,000 or base Sum Assured whichever is lower.

Death Benefit
In the unfortunate event of death due to an accident the Rider Sum Assured is paid and the policy is terminated.

Critical Illness Rider – No one likes to think about the possibility of suffering a critical illness like cancer, heart attack and stroke etc. It is something that many of us assume will not happen to us. In the daily grind of activities, one ends up never being prepared for such an eventuality. Metlife offers a ‘Critical Illness Rider’ which provides payment of an additional amount on the diagnosis of as many as 10 critical conditions. You can have the money to pay for the illness when you need it rather than after the treatment is over, Thus helping you protect yourself against any health or lifestyle risk.

1. Insured critical illness conditions.
2. Heart attack.
3. Stroke.
4. Cancer.
5. Surgery to coronary arteries.
6. Kidney failure.
7. Major organ transplant.
8. Aorta surgery.
9. Blindness.
10. Heart valve replacement.
11. Paraplegia.

Waiting Period – No amount will be payable under this benefit in respect of critical illness diagnosed within a period of 90 days from the date of issue or reinstatement of the policy.

Survival Period – The benefit amount under this rider is payable only if the insured survives for the period of at least 30 days from the date of diagnosis of the insured critical illness.

Termination of the Critical Illness Rider

The riders will terminate on the earliest of any one of the four mentioned below:
1. On diagnosis of the critical illness within 90 days from the issue date or reinstatement of the policy.
2. Lapse, surrender, conversion of the base policy into paid up insurance.
3. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.
4. The date of first occurrence of the event on which benefit becomes payable.

Waiver of Premium Rider

Waiver of Premium (WOP) Rider is an additional offering which can be purchased by paying a nominal extra premium over and above the base premium. The WOP rider ensures that a policyholder’s future due premiums are waived off.

In case of total and permanent disability of the life assured due to accident by outward, violent or visible means, this rider allows premium on base policy and attached riders, if any, to be waived. Total and permanent disability means that at the time at which disability starts or any time thereafter, the life assured can never be capable of doing something to earn wages, compensation or profits. The total disability should last for at least 6 consecutive months. There is no disability cover during the first 6 months of the policy.
The Premium rider will be terminated on the earlier of:
1. The end of the grace period of the first unpaid premium.

2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.

3. Death of the life assured.

Term Rider

This is an additional benefit that can be attached to the life insurance coverage to enhance the death cover on your policy.

The term rider allows the payment of an additional amount should death of the life insured occur before 60 years. You can match your changing needs (risk protection) and buy additional insurance at a low cost.

The Term Rider will be terminated on the earlier of:
1. The end of the grace period of the first unpaid premium.

2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.

3. Death of the life assured.

Possibly Related Posts:

LIFE INSURANCE | SAVINGS PLAN | MET SARAL | MET LIFE | BENEFITS | ADVANTAGES | FEATURES & ELIGIBILITY

bhavana — Wed, 25 Nov 2009 09:29:00 +0000

MetLife presents ‘Met Saral’ – a non- participating endowment plan. As the name suggests, it’s a simple savings plan which gets you into the savings habit without any medical tests. All you need to do is fill in a simple application form and you are ensured a guaranteed maturity amount of Rs 1,00,000, even in the case of your death during the term. Take the first step towards a better financial future for yourself and your family. Ensure and insure the first Lakh.

BENEFITS

Death Benefit
In the event of death, the Sum Assured equal to Rs 1,00,000 is payable.

Maturity Benefit
On Maturity, of the policy the Sum Assured equal to Rs 1,00,000 is payable.

ADVANTAGES

1. A simple plan with no medical tests.

2. Rs 1,00,000 guaranteed at maturity or in the event of death during the term.

3. Tax benefits as applicable under Section 80C and 10(10D).

FEATURES & ELIGIBILITY


Sum Assured	Rs. 1,00,000
Minimum Entry Age	15 years – 50 years
Maximum Maturity Age	60 years
Term	5 years / 10 years
Premium Paying Terms	Regular Pay
Premium Paying Modes	Annual, Semi-Annual

RIDERS

So go on, get more out of life.

This Rider provides for the payment of an additional amount should death occur as a result of an accident by outward violent and visible means before age 60 years.

Death of the Life Insured must occur within 180 days from the date of the accident.

Minimum Entry	15 years
Maximum Entry	55 years
Maximum age at maturity	60 years
Minimum Sum Assured	Rs. 50,000
Maximum Sum Assured	Rs. 10, 00,000 or base Sum Assured whichever is lower.

Death Benefit
In the unfortunate event of death due to an accident the Rider Sum Assured is paid and the policy is terminated.

Waiting Period – No amount will be payable under this benefit in respect of critical illness diagnosed within a period of 90 days from the date of issue or reinstatement of the policy.

Survival Period – The benefit amount under this rider is payable only if the insured survives for the period of at least 30 days from the date of diagnosis of the insured critical illness.

Termination of the Critical Illness Rider

Waiver of Premium Rider

2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.

3. Death of the life assured.

Term Rider

This is an additional benefit that can be attached to the life insurance coverage to enhance the death cover on your policy.

The Term Rider will be terminated on the earlier of:
1. The end of the grace period of the first unpaid premium.

2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.

3. Death of the life assured.

Possibly Related Posts:

LIFE INSURANCE | SAVINGS PLAN | MET SUVIDHA | MET LIFE | BENEFITS | ADVANTAGES | FEATURES & ELIGIBILITY

bhavana — Wed, 25 Nov 2009 09:22:12 +0000

Plan Overview
‘Met Suvidha’ is a flexible Endowment Plan that combines savings and security. In addition to providing you protection till the maturity of the plan, it helps you save for your specific long term financial objectives. This long term savings-cum-protection plan comes to you at
affordable premiums.

Met Suvidha is available in both participating as well as non-participating versions.

BENEFITS

Death Benefit
Met Suvidha – Par
In the event of death during the term of the policy, the beneficiary will receive the base Sum Assured, the accrued reversionary bonus and terminal bonus, if any.

Met Suvidha – Non Par
In the event of death during the term of the policy, the beneficiary will receive the base Sum Assured.

Maturity Benefit
Met Suvidha – Par
On maturity of the policy, you will receive the base Sum Assured, the accrued reversionary bonus and terminal bonus, if any.

Met Suvidha – Non Par
On maturity of the policy, you will receive the base Sum Assured.

Bonuses
Bonuses are available only on participating policies. The bonuses are not guaranteed as they are based on the Company’s actual investment returns, persistency and expense experience. No bonus is payable for the first 2 years of the policy.

ADVANTAGES

1. It is an Endowment plan that offers both savings and life insurance.

2. Different premium paying options to suit various income cycles.

3. A plan which participates in the bonuses declared by the company.

4. Customization possible with Accident Death Benefit, Critical Illness, Term, Waiver of Premium Riders for comprehensive protection.

FEATURES & ELIGIBILITY


Minimum Entry Age	Par: 15 years – 60 years Non-Par: 15 years – 70 years
Term	Par: – 15 years – 30 years Non-Par: 5 years – 30 years
Premium Paying Terms	Single Pay, Limited Pay (5 or 10) & Regular Pay
Minimum Annual Premium Amount	Rs. 2,500
Minimum Sum Assured	Rs. 75,000
Maximum Sum Assured	No Limit

RIDERS

So go on, get more out of life.

This Rider provides for the payment of an additional amount should death occur as a result of an accident by outward violent and visible means before age 60 years.

Death of the Life Insured must occur within 180 days from the date of the accident.

Minimum Entry	15 years
Maximum Entry	55 years
Maximum age at maturity	60 years
Minimum Sum Assured	Rs. 50,000
Maximum Sum Assured	Rs. 10, 00,000 or base Sum Assured whichever is lower.

Death Benefit
In the unfortunate event of death due to an accident the Rider Sum Assured is paid and the policy is terminated.

Waiting Period – No amount will be payable under this benefit in respect of critical illness diagnosed within a period of 90 days from the date of issue or reinstatement of the policy.

Survival Period – The benefit amount under this rider is payable only if the insured survives for the period of at least 30 days from the date of diagnosis of the insured critical illness.

Termination of the Critical Illness Rider

Waiver of Premium Rider

2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.

3. Death of the life assured.

Term Rider

This is an additional benefit that can be attached to the life insurance coverage to enhance the death cover on your policy.

The Term Rider will be terminated on the earlier of:
1. The end of the grace period of the first unpaid premium.

2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.

3. Death of the life assured.

Possibly Related Posts:

LIFE INSURANCE | SAVINGS PLAN | MET SUKH | MET LIFE | BENEFITS | ADVANTAGES | FEATURES & ELIGIBILITY

bhavana — Wed, 25 Nov 2009 09:02:13 +0000

MetLife offers ‘Met Sukh’- a guaranteed money-back policy which provides guaranteed periodic survival benefits at the end of 5, 10, 15 & 20 years and guaranteed additions of 10% of the Sum Assured for the entire term. It not only covers your life, but also guarantees you cash payments at various milestones along with guaranteed growth of your savings.

BENEFITS

Death Benefit
In the unfortunate event of death of the Person Insured, the Sum Assured along with the Guaranteed Additions are payable.
The policyholder is entitled to Guaranteed Additions of Rs. 100 per Rs. 1,000 of the Sum Assured for each completed year.

Maturity Benefit
On maturity, the life insured will receive the Survival Benefits plus the Guaranteed Addition.

Survival Benefits

At the end of 5 years	20% of the Sum Assured
At the end of 10 years	20% of the Sum Assured
At the end of 15 years	20% of the Sum Assured
Upon survival to maturity	40% of the Sum Assured plus Total Guaranteed Additions

ADVANTAGES

1. Guaranteed Survival Benefit: Payment of 20% of the Sum Assured every year starting from the 5th year till maturity.

2. Guaranteed Maturity Benefit:
Guaranteed payment of 40% of Sum Assured.
Guaranteed Addition of 10% of Sum Assured every year up to maturity.

3. Guaranteed Death Benefit: Guaranteed payment of Sum Assured along with Guaranteed Additions (accrued till that time). This is paid over and above the survival benefit payments already made.

4. Comprehensive protection by way of 4 riders.

5. Tax benefits as applicable under Section 80 C, 10(10D).

FEATURES & ELIGIBILITY


Entry Age	Min - 15 years Max – 55 years
Coverage Term	20 years
Premium Payment Term	Regular
Minimum Sum Assured	Rs. 75,000
Maximum Sum Assured	No Limit

RIDERS

So go on, get more out of life.

This Rider provides for the payment of an additional amount should death occur as a result of an accident by outward violent and visible means before age 60 years.

Death of the Life Insured must occur within 180 days from the date of the accident.

Minimum Entry	15 years
Maximum Entry	55 years
Maximum age at maturity	60 years
Minimum Sum Assured	Rs. 50,000
Maximum Sum Assured	Rs. 10, 00,000 or base Sum Assured whichever is lower.

Death Benefit
In the unfortunate event of death due to an accident the Rider Sum Assured is paid and the policy is terminated.

Waiting Period – No amount will be payable under this benefit in respect of critical illness diagnosed within a period of 90 days from the date of issue or reinstatement of the policy.

Survival Period – The benefit amount under this rider is payable only if the insured survives for the period of at least 30 days from the date of diagnosis of the insured critical illness.

Termination of the Critical Illness Rider

Waiver of Premium Rider

2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.

3. Death of the life assured.

Term Rider

This is an additional benefit that can be attached to the life insurance coverage to enhance the death cover on your policy.

The Term Rider will be terminated on the earlier of:
1. The end of the grace period of the first unpaid premium.

2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.

3. Death of the life assured.

Possibly Related Posts: