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Met Junior- Money Back
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UIN: 117N006V01
Features
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MetLife offers 'Met Junior Money Back' - a money back plan that combines savings and security. Your child's well-being is your highest priority. So we offer you a money back plan which provides guaranteed periodic survival benefits at the end of 5, 10 & 15 years, along with guaranteed growth of your savings.
A plan which offers both timely and efficient "return on investment" with payouts at different milestones.
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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 |
20 years |
20 years |
| Premium Payment Terms |
20 years |
20 years |
| Minimum Premium |
Rs. 5,000 |
Rs. 5,000 |
| Minimum Sum Assured |
Rs 50,000 |
Rs 50,000 |
| Maximum Sum Assured |
No Limit (subject to underwriting) |
No Limit (subject to underwriting) |
Riders
Not Available.
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Death Benefit
In the event of death of the Person Insured, the Sum Assured along with the Guaranteed Additions are payable.
The policyholder is entitled to Guaranteed Additions of Rs. 100/ per Rs. 1000/- Sum Assured for each completed year.
If death occurs before age 7, then the Death Benefit is equal to the return of premiums plus interest on premiums.
Maturity Benefit
On maturity, the Life Insured will receive the Survival Benefits plus the Guaranteed Addition.
Survival Benefit
| At the end of 5 years |
20% of Sum Assured |
| At the end of 10 years |
20% of Sum Assured |
| At the end of 15 years |
20% of Sum Assured |
| Upon survival to maturity |
40% of Sum Assured plus total Guaranteed Additions |
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1. Guaranteed Survival Benefit: Payment of 20% of Sum Assured every year starting from 5th year up to maturity.
2.
Guaranteed Maturity Benefit:
- Guaranteed payment of 40% of Sum Assured.
- Guaranteed addition of 10% of Sum Assured every year up to maturity.
3.
Guaranteed Death Benefit: Guaranteed payment of Sum Assured along with guaranteed additions (accrued till that time). This is paid over and above the survival benefit payments made already.
4. *Tax Benefits as applicable under Section 80 C, 10(10D).
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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/EC464/394 |
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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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