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Met Growth
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Features
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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER
MetLife offers 'Met Growth' - a Unit-Linked solution to help you plan for your golden years. It is specially designed to provide financial security for your future requirements. This plan allows you to start planning immediately by ensuring the safety of your first year premiums. It also helps create your retirement fund faster by giving you 100% allocation from the second year onwards, coupled with attractive loyalty additions into your fund. Guaranteed.
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| Entry Age (in completed years) |
Min – 0 years (3 months to be completed)
Max – 60 years |
| Maturity Age |
Min – 18 years
Max – 75 years |
| Coverage Term |
15 / 20 / 25 / 30 years |
| Premium Payment Term |
Regular |
| Minimum Annualized Premium |
Rs. 12,000 |
| Basic Sum Assured |
Min - 5 times the Annualized Premium ***Other Sum Assured multiples - 10 times & 20 times the Annualized Premium. |
| Premium Paying Modes |
Monthly, Quarterly, Half-yearly, Yearly |
*** For entry ages above 55 only 5 multiple is allowed. |
Riders
Accidental Death Benefit Rider
Critical Illness Rider
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Death Benefit
In the unfortunate event of death, the higher of the Sum Assured or the Fund Value would be payable.
If death of the Person Insured occurs before age 7, the Fund Value plus the regular premium received by us in the first policy year is payable.
Maturity Benefit
On maturity, you will receive the Fund Value including the Guaranteed Loyalty Addition or you can opt for the settlement options.
Loyalty Additions
You get the guarantee of enhancing your wealth creation through guaranteed loyalty additions (up to 120% of the first year annual premium) at the end of the 10th & 15th year plus Guaranteed Additions as a % of the Fund Value.
At the end of the 10th year: 50% of the first year annualized premium
At the end of the 15th year:
As a percentage of the first year annulized premium
(in Year 15)
| Annulized premium (Rs) |
Guaranteed Loyalty Addition |
| Silver (12,000 – 25,000) |
55% of the first year annualized premium |
| Gold (25,100 – 2,00,000) |
60% of the first year annualized premium |
| Platinum (2,00,001 & above) |
70% of the first year annualized premium |
Plus 2% of the Average Fund Value at the end of the 20th year and every 5 years thereafter. |
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Disclaimers:
*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
1. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs 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.
2. MetLife India Insurance Co. Ltd. is only the name of the Insurance Company and Met Growth 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.
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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 MET HELP to 5607071
(Special SMS Charges Apply) |
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indiaservice@metlife.co.in |
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