Saving And Investment Plans
MetLife Endowment Savings Plan Plus
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
This is an endowment life insurance plan that helps you accumulate your savings for your financial needs at every stage of life. Additionally, this monthly savings plan provides life cover to protect your family along with an option to protect your goals against critical illnesses.
Features:
fjrigjwwe9r3SDPrivInsuProd:Features
- Protect your family’s future
- Additional bonuses from 1st policy year
- Waiver of premium against 35 critical illnesses
- Life Cover for entire policy term
Benefits:
fjrigjwwe9r3SDPrivInsuProd:Benefits
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- Create a corpus to fulfill your goals
- Pre pay your home loan
- Save for your child’s higher education
- Save for your retirement needs
- Opt to protect your family’s future with waiver of premium against 35 critical illnesses
- Bonus gets added to your policy from first year of the policy which is payable either at maturity or death or surrender whichever is earlier
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Plan option |
Minimum age at entry |
Savings : |
8 |
Savings Plus : |
18 |
Savings option- Maximum Age at Entry
Premium Payment Type |
Annual |
Other modes |
Regular Pay |
55 |
90 |
Limiter Pay (10 pay / 7 pay / 5 pay) |
60 |
55 |
Savings Plus option- Maximum Age at Entry
Premium Payment Type |
Annual |
Other modes |
Regular Pay |
50 |
45 |
Limiter Pay (10 pay / 7 pay / 5 pay) |
55 |
50 |
Plan option |
Age at maturity |
Savings : |
80 |
Savings Plus : |
Regular Pay: 65 - Limited Pay: 80 |
Premium Paying Term (PPT) (Years)
Regular pay: Same as policy term
Limited pay: 5, 7 & 10 years
Savings option - Policy Term (Years)/td>
| |
Premium Payment Type |
Policy Term |
5 Pay / 7 pay |
10-25 |
10 Pay |
15-20 |
Regular pay |
10-25 |
Premium Payment Type |
Minimum Annual Premium (Rs.) |
5 Pay |
48,000 |
7 Pay |
34,000 |
10 Pay |
24,000 |
Regular Pay |
18,000 |
Maximum Premium (Rs.) |
As per Board approved underwriting policy |
Minimum Sum Assured (Rs.) |
2,20,000 |
Maximum Sum Assured |
As per Board approved underwriting policy |
Premium Payment modes |
Yearly / Half Yearly / Monthly |