Group Plans
MetLife Unit Linked Employee Benefit Plan
Synopsis:
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A plan that offers a comprehensive solution for employers who wish to outsource administration and management of Leave Encashment and Gratuity liabilities in an effective and integrated manner. This is a group variable insurance plan, administered similar to a cash accumulation scheme.
Features:
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- MetLife Unit Linked Employee Benefit Plan ensures
- Option of choice of two linked funds - Debt Fund and Balanced Fund.
- Provides switching facility between the two funds. The first 4 switches between funds in a policy year will be free of any charge.
- Facility to pay the gratuity contribution (both past service liability and current service cost) in instalments.
Eligibility:
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Minimum age at entry |
18 years age last birthday |
Maximum age at entry |
74 years age last birthday |
Maximum Maturity Age |
As per Individual employer’s scheme |
Minimum / Maximum Contribution |
Rs 1 lakh/500 cr |
Inbuilt Life Cover Upon Death |
Rs 1,000 |
Policy Term |
One year renewable |