MetLife offers Met Grameen Ashray - a simple micro insurance, non- participating plan which provides you life cover at a nominal cost.
Death Benefit In the event of death of the Person Insured the Sum Assured is payable. Surrender Benefits - There are no Surrender benefits for Regular Premium policies. - Single Premium Policies can be surrendered after completion of 2 years from the date of commencement. Upon receipt of a surrender request, a cash surrender value of 30%, 20% or 10% of the Single Premium will be payable if the surrender is made in Year 3 or Year 4 or Year 5 respectively.
The policy terminates upon the payment of surrender value.
