MetLife offers 'Met Bhavishya' - a guaranteed money back plan that pays out funds to help you meet the education and career milestones of your children. With this plan, the Life Insured is that of the parent. The plan also has inbuilt guaranteed additions to add value to the policy over its term.

There are two options to choose from and fixed term benefits, periodic additions & terminal additions are payable based on the option that you select. The policy is suitable for parents with children between the ages 0-12 and parents in the age group of 20-50 years old.

Death Benefit
In the event of death of the Person Insured (the parent), the family will receive a lump sum payment of Sum Assured. The fixed term payment and maturity benefits will continue irrespective of the death of the Life Insured and all future premiums on the policy would be waived.

Maturity Benefit
On maturity of the policy, the plan offers Guaranteed Periodic Additions and Terminal Additions:
1. Guaranteed Periodic Additions of 5% of the Sum Assured for every completed year.

2. Terminal additions of 20% of the total Guaranteed Periodic Additions.

Guaranteed Payouts
Option A: Policy matures at age 21 of the child.

Option B: Policy matures at age 25 of the child.

1. Guaranteed payouts at critical milestones of the child’s life.

2. Guarantee of policy continuance in case of the untimely demise
of parent.

3. Guaranteed payouts of 250%* of the chosen Sum Assured.

4. *Tax Benefits as applicable.