MetLife offers ‘Met Vishwas’, - a single premium, micro insurance, non- participating term assurance plan which provides you life cover at a nominal cost. On survival, you get 110% or 125% of the premium.
Eligibility –
| Minimum Entry Age | 18 years |
| Maximum Entry Age | 60 years |
| Maximum Maturity Age | 70 years |
| Minimum Sum Assured | Rs. 5,000 |
| Maximum Sum Assured | Rs. 50,000 |
| Policy Term | 5 or 10 years |
| Premium Paying Terms | Single Pay |
Product Benefits –
Death Benefit
In the event of death of the Person Insured the Sum Assured is payable.
Maturity Benefit
On surviving the Coverage Term, you receive:
1. 110% of the single premium paid for a 5 year coverage term.
2. 125% of the single premium paid for a 10 year coverage term.
Guaranteed Surrender Value
In case of any emergency, should you need to surrender your policy early, you will get surrender benefits as per table below:
| Policy Year | Percentage of Single Premium payable as Surrender Benefit (5 year coverage term) |
Percentage of single premium payable as Surrender Benefit (10 year coverage term) |
| 1 | 60% | 60% |
| 2 | 70% | 65% |
| 3 | 80% | 70% |
| 4 | 90% | 75% |
| 5 | 100% | 80% |
| 6 |
Not applicable |
85% |
| 7 | 90% | |
| 8 | 100% | |
| 9 | 110% | |
| 10 | 120% |
The policy terminates upon the payment of surrender value.
Reasons to Buy –
| 1. Affordable protection. 2. All your money back and more on surviving the coverage term. 3. Convenience of paying just once. |
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