Met Monthly Income Plan

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MetLife India has launched Met Monthly Income Plan, this is an endowment plan which provides guarantee of monthly income that you choose and in addition you will get bonus and terminal bonus at the end of the term.

Plan parameters:

Entry Age (Last Birthday):

Min – 18 years
Max – 60 years

Maximum Maturity Age: 85 years

Minimum Monthly Income Rs. 2,000 p.m.

Sum Assured (fixed) 180 times the Monthly Income

Premium Payment Term 5 years/10 years

Policy Term 20 years/25 years

It comes with a limited premium payment term, for a policy term of 20 years PPT is 5 years and for a term of 25 years PPT is 10 years this will helps you in paying premium only when you are working.

Survival and maturity Benefits
After PPT is over you will get a monthly income which you have chosen till next 15 years. At the end of 15th year (that is end of policy term), bonus plus terminal bonus is paid.

Bonus will be credited to your account every year by company after 3rd policy year.

Death Benefit:

During the PPT:

Family will immediately get an amount equal to 25% of the Base Sum Assured (45 times monthly regular income) plus bonus, monthly income will start immediately after one month and will be paid to nominee for next 15 years after which policy ceases with terminal bonus.

After PPT:

Family will immediately get an amount equal to 25% of the Base Sum Assured (45 times monthly regular income) plus bonus, monthly income will start immediately after one month and will be paid to nominee rest of the term after which policy ceases with terminal bonus.

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