Met Pension (Par) serves as a friendly helping hand so you can stay financially independent even after retirement. It helps you build up a fund for your golden years.

With this plan, you can ensure you enjoy retirement as a happy new chapter.

Death Benefit
In case of death while one is saving for retirement, the death benefit payable is:
1. Return of premiums.

2. Accrued reversionary bonus, if any.

3. Any insurance on the life of the Insured that may be provided by riders to this policy.

Vesting Benefit
On the vesting date, you can take one third of your retirement kitty as a tax-free lump sum and utilize the balance to buy annuities or you can use the entire retirement kitty to buy annuities. The retirement fund on the date of vesting is equal to the Sum Assured plus Guaranteed Additions plus the compounded reversionary bonuses plus the terminal bonus, if any.

Guaranteed Additions
Guaranteed Additions equal to 10% of the Sum Assured are payable at the end of the 15th policy year, in the form of a one-time lump sum addition to the Sum Assured.
Guaranteed Additions are available on policies with terms greater than 15 years.

Annuity Options
You can choose from a wide variety of 8 immediate annuity options at the time of retirement to match your pension requirement.

Policy Loan
No loans are available under this policy.

1. A product which participates in the profits of the company through bonuses.

2. Customize your policy with additional rider benefits.

3. Different premium paying terms to suit various income cycles.

4. Get up to 1/3 rd of your retirement kitty as a tax-free* lumpsum on retirement.

5. Opportunity to get tax benefits* under Sec 80C of Income Tax Act, on your contribution.

6. Choose from amongst 8 annuity options at the time of retirement.

7. Get the benefit of protection while you are saving for retirement.