MetLife Unit Linked Employee Benefit Plan
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.
- 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.
|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
||One year renewable