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Product Information
Group Plans MetLife Unit Linked Employee Benefit Plan
Synopsis:
A plan that offers a comprehensive solution for employers who wish to outsource administration and management of Leave Encashment and Gratuity liabilities in an effective and integrated manner. This is a group variable insurance plan, administered similar to a cash accumulation scheme.

Features:

  • MetLife Unit Linked Employee Benefit Plan ensures
  • Option of choice of two linked funds - Debt Fund and Balanced Fund.
  • Provides switching facility between the two funds. The first 4 switches between funds in a policy year will be free of any charge.
  • Facility to pay the gratuity contribution (both past service liability and current service cost) in instalments.
Eligibility:
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Minimum age at entry 18 years age last birthday
Maximum age at entry 74 years age last birthday
Maximum Maturity Age As per Individual employer’s scheme
Minimum / Maximum Contribution Rs 1 lakh/500 cr
Inbuilt Life Cover Upon Death Rs 1,000
Policy Term One year renewable