Plan Overview:
MetLife offers ‘Met Growth Super’ – a Unit-Linked answer to help you plan for your golden years. It is specially planned to provide financial protection for your future requirements. This insurance plan allows you to start preparation instantly by ensuring the protection of your first year premiums. It also helps create your retirement fund quicker by giving you 100% allocation from the second year onwards, coupled with attractive loyalty additions into your fund Guaranteed.
Plan at a Glance:
Entry Age (in completed years) Min – 0 years (3 months to be finished)
Max – 60 years
Maturity Age Min – 20 years
Max – 80 years
Coverage Term 20 / 25 / 30 years
Premium Payment Term Regular
Minimum Annualized Premium Rs. 18,000
Basic Sum Assured Min – 5 times / 10 times # /20 times # the Annualized Premium.
Premium Paying Modes Monthly, Quarterly, Half-yearly, Yearly, PSP
# for entry ages above 55 only 5 multiple is allowed.
Product Benefits:
Death Benefit
In the ill-timed event of death, the higher of the Sum Assured or the Fund Value would be allocated. If death of the Person Insured occurs before age 7, the Fund Value plus the regular premium expected by us in the first policy year is payable.
Maturity Benefit
On maturity, you will get the Fund Value plus the Guaranteed Loyalty Addition or you can opt for the settlement options.
Loyalty Additions
You get the guarantee of attractive your wealth creation through guaranteed loyalty additions (up to 120% of the first year annual premium) at the end of the 10th & 15th year plus Guaranteed Additions as a % of the Fund Value.
At the end of the 10th year: 50% of the first year annualized premium
At the end of the 15th year:
As a percentage of the first year annualized premium (in Year 15)
Plus 2% of the Average Fund Value at the end of the 20th year and every 5 years thereafter. |
Reasons to Buy:
1. Maximize your return potential – 100% of your premium invested in funds of your choice from the 2nd year onwards.
2. Get Guaranteed Loyalty Additions of up to 120% of your first year premiums
3. Get guaranteed loyalty additions of 2% of your average Fund Value for reporting terms of 20, 25 and 30 years.
4. Liquidity in the form of limited Withdrawals and Surrender Benefits.
5. * Tax Benefits as applicable.
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