MetLife Retirement Savings Plan, is a non-linked, participating pension plan. MetLife Retirement Savings Plan ensures
Vesting Benefit: Sum Assured + Vested Simple Reversionary bonus plus Terminal Bonus, if any.
Death Benefit: Death Sum Assured + Accrued Simple Reversionary Bonus + Terminal Bonus, if any; (Where Death Sum Assured is defined as 105% of all Premiums paid (excluding service tax and extra premium, if any))
Flexibility: You can defer the vesting date up to age 75 years.
Particulars |
Boundary Conditions |
Min. Age at entry* |
30 years |
Max. Age at entry* |
64 years (Limited Pay 10 years)
65 years ( Others) |
Min / Max. age at Vesting* |
50 / 75 years |
Minimum Sum Assured |
Regular Pay & Limited Pay 10 Years: Rs 300,000
Limited Pay 5 Years & Single Pay: Rs 500,000 |
Maximum Sum Assured |
As per our Board Underwriting Policy |
Premium Payment Term |
Single Pay / 5 Pay / 10 Pay / Equal to Policy Term |
Minimum Policy Term |
Premium Payment Type
Regular Pay & Limited Pay 5 years
Limited Pay 10 Years
Single Pay |
Minimum Policy Term
10 years
11 years
5 years |
Maximum Policy Term# |
SP: 20 years
Others: 30 years |
|
Minimum Annualized Premium |
Premium Payment Type
Regular Pay
Limited Pay 10 Years
Limited Pay 5 Years
Single Pay |
Minimum Annualized Premium
Rs. 7,044
Rs. 13,128
Rs. 35,990
Rs. 262,250 |
*Age Last Birthday
# offers running terms between minimum & maximum policy terms in the interval of 1 year.
Leave a Reply