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Met Mortgage Protector Plus
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UIN: 117N047V01
Features
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MetLife presents 'Met Mortgage Protector Plus' – a plan which provides you life cover for home loans taken for any period above 5 years. It is a decreasing term insurance with single and limited premium options. The plan covers you for an amount equal to the outstanding amount as per the policy schedule.
It ensures the asset that you have created stays with your family.
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| Minimum Entry Age |
18 years |
| Maximum Entry Age |
60 years |
| Maximum Maturity Age |
65 years |
| Minimum Sum Assured |
Rs. 50,000 |
| Maximum Sum Assured |
Equal to the outstanding loan amount |
| Policy Term |
Equal to the outstanding payment term of the loan |
| Premium Payment Options |
Single Pay, Limited Pay (2/3rd of outstanding loan term) |
Riders
Not available
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Death Benefit
In the unfortunate event of death of the Life Insured, the outstanding loan amount is payable to the beneficiary.
Maturity Benefit
Not applicable. |
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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.
-*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/EC12/59
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MetLife Tools & Calculators |
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