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Met Junior Endowment
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Features
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MetLife offers 'Met Junior' - a flexible endowment plan that combines savings and security.
Your children's well-being is your highest priority. So we offer a plan which offers both timely and efficient "Return on Investment". All with a guarantee.
Met Junior is available in both participating (UIN:117N010V01) as well as non-participating versions(UIN:117N005V01).
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| Coverage Term |
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Par |
Non Par |
| Minimum Entry Age of the Child |
0 years |
0 years |
| Maximum Entry Age of the Child |
14 years |
14 years |
| Coverage Terms |
15 - 30 years |
15 - 30 years |
| Premium Payment Terms |
15, 20, 25 or 30 years |
15, 20, 25 or 30 years |
| Minimum Sum Assured |
Rs 50,000 |
Rs 50,000 |
| Maximum Sum Assured |
No Limit |
No Limit |
Riders
Not Available.
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Death Benefit
Met Junior-Non Par
In the event of death of the Person Insured, the nominee will receive the Sum Assured.
If death occurs before age 7, then the death benefit is equal to the return of premiums plus interest on premiums.
Met Junior-Par
In the unfortunate event of death of the Person Insured, the nominee will receive the Sum Assured, the Reversionary Bonus and the Terminal Bonus, if any.
If death occurs before age 7, then the death benefit is equal to the return of premiums plus interest on premiums.
No bonuses are payable for the first two policy years or until the Insured attains age 7, whichever is later.
Maturity Benefit
Met Junior - Non Par
On attaining maturity, the Person Insured will receive the Sum Assured.
Met Junior - Par
On attaining maturity, the Person Insured will receive the Sum Assured, the Reversionary Bonus and the Terminal Bonus, if any. |
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1. An endowment plan that offers both savings and life insurance.
2. Different premium paying options to suit various income cycles.
3. Available in both par and non par versions.
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A plan which participates in the bonuses declared by the company (par).
5. *Tax Benefits as applicable.
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Disclaimers:
For more details on risk factors , terms and conditions please read sales brochure carefully before concluding a sale”. Insurance is the subject matter of the solicitation.
*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. LD/2009-10/EC463/392
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Customer helpline no. :
1-800-425-6969
( 24 Hrs. - Within India only)
or +91-80-2650-2244
(8 am - 8 pm )
Fax : 080-41506969 |
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SMS MET HELP to 56161
(Special SMS Charges Apply) |
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indiaservice@metlife.co.in |
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