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Met Group Gratuity
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UIN: 117L038V03
Features
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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER
MetLife offers ‘Met Group Gratuity’ – a group linked plan. It offers a comprehensive solution for employers to outsource gratuity management for their employees in an effective and integrated manner.
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| Entry Age (in completed years) |
Min – 18 years |
| Maturity Age |
Max – 70 years |
| Premium Payment Term |
Regular |
| Sum Assured |
Rs. 1,000 per life |
| Premium Payment Modes |
Annual only |
Riders
No riders are applicable in this product. |
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Death Benefit
A life cover provided equal Rs. 1,000 per member will be given on the death of any member during the term.
Gratuity Benefit
In case of retirement, resignation or termination, benefits are payable in accordance with provisions of Payment of Gratuity Act, 1972 or employer’s approved Gratuity Scheme, if higher.
In case of death of the employee, the benefit will be equal to Rs 1000 plus the Gratuity fund value payable in accordance with provisions of Payment of Gratuity Act, 1972 or employer’s approved Gratuity Scheme, if higher.
Surrender Benefit
The cash surrender value provided under this product is equal to the account balance to the credit of the group policyholder at the time of surrendering the policy, reduced by the surrender charges, if any.
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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”.
- The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAV’s of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions
- MetLife India Insurance Co. Ltd. is only the name of the Insurance Company and Met Group Gratuity is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns
- Please know the associated risks and the applicable charges, from your Financial Advisor or the Intermediary or policy contract.
- *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/2010-11/EC355/619
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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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