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Met Flexi Shield
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Traditional Non-Participating Group Savings Plan
UIN: 117N054V01
Features
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MetLife is proud to present to you, Met Flexi Shield, a perfect solution designed to protect and provide a comforting reassurance to your customers.
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| Age at entry of Person Insured |
Min – 15 years
Max – 60 years |
| Policy Term (1) |
Min – 1 year
Max – 25 years |
| Maturity Age of Person Insured |
Max – 70 years |
| Group Size |
Min - 50 Lives
Max - No Limit |
| Sum Assured per member |
Min - Rs. 5,000
Max - Unlimited (4) |
| Premium |
Based on chosen Sum Assured |
| Premium Paying Options |
Single Pay, Limited Pay 3 years, Limited Pay 5 Years & Regular Pay (2) |
| Premium Paying Modes |
Single, Annual, Semi- Annual, Quarterly, Monthly (3) & Payroll Saving Program
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Age last birthday
(1) Running policy terms from 1 to 25 years
(2) Under Decreasing Cover Option, Regular Pay would be restricted to 2/3rds of the policy term. However, the premium paying term will be equal to the policy term in case of Flat Cover Option.
(3) Electric Clearing Service (ECS) is mandatory for monthly mode.
(4) Subject to underwriting.
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Riders
Not available under this plan. |
Coverage Options
There are two coverage options available
i. Reducing Coverage Option – Most suitable for mortgage, educational & auto loans.
ii. Level Coverage Option – provides the same cover throughout the term of the policy
Increase in Sum Assured
The design of this policy gives the flexibility to the Group Policyholder to increase the Sum Assured for their members #.
Joint Life Option
Joint Life coverage option is available for housing loan, other mortgage loans & Education loans subject to following conditions #.
Surrender/Partial Surrender Benefit
The surrender benefits will be equal to a pre-determined percentage of un-expired Premiums #.
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Disclaimers:
- Insurance is the subject matter of the solicitation.
- For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
- # Terms & Conditions apply
- *Tax benefits are as per the provisions of Income Tax Act, 1961, and the same are subject to amendments made thereto from time to time, please consult your tax consultants for more details. LD/2010-2011/EC287/482
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Customer helpline no. :
1800-425-6969 (Toll Free)
(Within India only)
OR 91-80-26502244
(8am – 8pm).
IVR available 24*7
with your policy details.
Fax : 080-41506969 |
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SMS HELP to 5607071
(Special SMS Charges Apply) |
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indiaservice@metlife.co.in |
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