'Met Monthly Income Plan' from MetLife India Insurance Company Ltd.

 

An Ideal Plan that can work by generating a Guaranteed Regular Income for 15 yrs

 

We are pleased to announce the addition of yet another Life insurance brand in our system – METLIFE INDIA INSURANCE COMPANY LIMITED.

 

About MetLife India Insurance Company Ltd.:-

MetLife India Insurance Company Limited (MetLife) is an affiliate of MetLife, Inc. and was incorporated as a joint venture between MetLife International Holdings, Inc., The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited and other private investors. MetLife is one of the fastest growing life insurance companies in the country.

 

MetLife, Inc., through its affiliates, reaches more than 70 million customers in the Americas, Asia Pacific and Europe. Affiliated companies, outside of India, include the number one life insurer in the United States (based on life insurance in force), with over 140 years of experience and relationships with more than 90 of the top one hundred FORTUNE 500® companies.

 

We are launching the relationship by introducing the very innovative Fixed Income Return Product from MetLife India Insurance Company Ltd called "Met Monthly Income Plan" (MMIP).

 

MMIP is targeted towards Monthly Income Segment and provides the following benefits:-

•         Pays a MONTHLY Income for a LONGER period of time. GUARANTEED!!

•         Ensures that the monthly income CONTINUES EVEN IN CASE OF DEATH of the original payee in addition to meeting any near term exigencies.

•         Pays back a lump sum of money at the end of the term to meet other financial needs.

•         Allows you a planning period with a short Premium Payment Term.

•         Provides a Tax Efficient Income.

 

How does the Plan work for you…???

 

Choose the Monthly Regular Scheme	Above Rs.2000 pm in any multiple
Choose the policy term	Policy Term = 20 or 25 years Corresponding PPT = 5 or 10 years
Calculate the Sum Assured	Sum Assured = 180 X Monthly Income (fixed)
Fill in the application form & pay the premium	For premium, refer to premium table

 

Get the Monthly Regular Income that you have opted GUARANTEED for 15 years after the end of the PPT

 

Boundary Conditions:

 

Entry Age	18 yrs- 60 yrs
Max Maturity Age	85 yrs
Minimum Monthly Regular Income	Rs.2000
Sum Assured (fixed)	180 times the monthly regular income
Policy Term	20 yrs / 25 yrs
Premium Payment Term	For 20 yr Term:- 5 yrs For 25 yr Term:- 10 yrs
Premium Modes	Annual, Semi-Annual, Quarterly, Monthly, Payroll Savings Program

 

Survival Benefit:

Guaranteed Monthly Regular Income for 15 years after the end of the Premium Payment Term

 

Maturity Benefits:-

Accumulated Simple Reversionary Bonus + Terminal Bonus

 

Death Benefit:-

During the Premium Payment Term-

45 times the monthly regular income + Accrued Reversionary Bonuses + Guaranteed Monthly regular Income as opted guaranteed for 15 yrs

After the Premium Payment Term-

45 times the monthly regular income + Accrued Reversionary Bonuses + Balance Guaranteed Monthly Regular Income as opted

 

Product Pitch:

v     A guaranteed monthly regular income to meet your basic monthly expenditure.

v     Monthly income can be used to pay the loan installments

v     Income continues for the family in case of the unfortunate demise of the life insured.

v     A plan which participates in the profits of the Company even after the expiry of the premium payment term

 

 

 

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