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Product Information
Child Plans MetLife Money Back Plan
Synopsis:
This is a systematic savings plan through which a life insurance company offers a guaranteed* money back with payouts at regular intervals along with protection from unforeseen events.

Features:

  • Guaranteed Returns
  • Discount on higher sum assured
  • Survival and maturity benefits
  • Tax benefits

Benefits:

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  • Receive survival benefits of 10% of Base Sum Assured from the fifth to the ninth policy year 
  • Return 110% of Base Sum Assured amount over the lifetime of the policy term
  • Receive full death benefits regardless of paid survival benefit
  • Provide tax benefits under section 80C and 10(10D)*
Eligibility:
Particulars Boundary Conditions
Premium Payment Term : Regular
Min. Age at entry* : 13 years
Max. Age at entry* : 55 years
Max. age at maturity* : 65 years
Policy Term : 10 years only
Min Sum Assured : Rs. 250,000
Max Sum Assured : Rs. 5 Crore
*Age Last Birthday