MetLife Retirement Savings Plan

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.