Met Pension Plus | MetLife Insurance | Plan Overview | Products Benefits

Plan Overview:

MetLife offers, Met Pension Plus a Unit Linked Pension Plan (Non Par), a plan that gives you this independence to help you complete your aspirations by giving you return on investment and an chance to venture out in life, that you truly deserve. Now, you can live life the way you want to, today and in the future.

Plan at a Glance:

Minimum Age at entry of the Person Insured 18 years for Regular Premium Policy

35 years for Single Premium Policy

Maximum Age at entry of the Person Insured 63 years for Regular Premium Policy
64 years for Single Premium Policy

Minimum Vesting Age 45 years

Maximum Vesting Age 70 years

Policy Term For Regular Premium – 7 years – 52

years (running years), subject to satisfying the minimum and maximum vesting age

For Single Premium – 6 years to 10 years only

Premium Paying Options Single Pay & Regular Pay

Minimum Premium

Premium Paying Option/Policy Term	Minimum Premium
Single Pay	Rs. 100,000
Regular Pay <10 years term	Rs. 50,000 p.a. (for Annual & Semi-Annual modes) Rs. 72,000 p.a. (for Quarterly mode) Rs. 84,000 p.a. (for Monthly mode)
Regular Pay 10 to 14 years term	Rs. 25,000 p.a. for all modes
Regular Pay >=15 years term	Rs. 18,000 p.a. for all modes

Minimum Top-Up Premium Rs.5, 000 per Top-Up Premium

Maximum Top-Up Premium Any Amount

Premium Paying Modes Single, Annual, Semi-Annual, Quarterly, Monthly & PSP modes

Age last birthday

Product Benefits:

Death Benefit

In case of an ill-timed death of the Person Insured during the delay period MetLife will pay to the nominee the Total Fund Value in the Unit Account plus Top-Up fund value and Guaranteed Loyalty Additions (if any).

If the nominee is your named spouse, then your spouse has the choice to choose any of the instant annuities offered by MetLife or can also purchase an annuity from any other insurer.

Vesting Benefit
At the end of the policy terms, you have the following options to obtain the vesting benefit under this Plan.
- Use 100% of the Fund Value at maturity date to buy annuities.
- Commute up to 1/3rd of the Fund Value at maturity and operate the balance to buy annuities.

Guaranteed Loyalty Additions
With Met Pension Plus, you get the benefit of attractive your retirement corpus with Guaranteed Loyalty Additions which are additional to your policy so you potentially get higher pensions.

Guaranteed Loyalty Additions are payable only if all premiums are paid.

Other Flexibilities

Unlimited Top-Up Premium Option: Your Pension Planning has now become easy and simple. You can Top-Up your Met Pension plus plan with extra premiums any time after you purchase the plan. Top-Up Premium is Rs.5, 000. Top-Up Premium are received only if due Regular Premiums have been paid. What’s more, there are no limits on the maximum amount of Top-Up Premium also.

Preponement/Postponement of Vesting/Maturity Date: You have the option to prepone or reschedule your vesting date during the lifetime of the policy to help you plan your lifestyle changes. Preponement/Postponement is acceptable only once during the lifetime of the policy. Other conditions apply.

Eight Immediate Annuity Options: Available at the vesting date through our Immediate Annuity Non-Par Plan (UIN: 117N029V01).

Open Market Annuity Option: MetLife also offers you the flexibility to purchase a pension plan from any other insurer of your choice at the time of vesting. So, you have the choice to take the best offer available in the market.

Reasons for Buy:

1. Maximize your post retirement income with Guaranteed Loyalty Additions.

2. Simplified and hassle free purchase method.

3. Flexibility to postpone and prepone your retirement.

4. *Tax Benefits as applicable.

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Tags: Met Pension Plus, MetLife Insurance