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Product Information
Saving And Investment Plans MetLife Endowment Savings Plan Plus
Synopsis:
This is an endowment life insurance plan that helps you accumulate your savings for your financial needs at every stage of life. Additionally, this monthly savings plan provides life cover to protect your family along with an option to protect your goals against critical illnesses.

Features:

  • Protect your family’s future
  • Additional bonuses from 1st policy year
  • Waiver of premium against 35 critical illnesses
  • Life Cover for entire policy term

Benefits:

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  • Create a corpus to fulfill your goals
  • Pre pay your home loan
  • Save for your child’s higher education
  • Save for your retirement needs
  • Opt to protect your family’s future with waiver of premium against 35 critical illnesses
  • Bonus gets added to your policy from first year of the policy which is payable either at maturity or death or surrender whichever is earlier
Eligibility:
Plan option Minimum age at entry
Savings : 8
Savings Plus : 18
Savings option- Maximum Age at Entry
Premium Payment Type Annual Other modes
Regular Pay 55 90
Limiter Pay (10 pay / 7 pay / 5 pay) 60 55
Savings Plus option- Maximum Age at Entry
Premium Payment Type Annual Other modes
Regular Pay 50 45
Limiter Pay (10 pay / 7 pay / 5 pay) 55 50
Plan option Age at maturity
Savings : 80
Savings Plus : Regular Pay: 65 - Limited Pay: 80
Premium Paying Term (PPT) (Years)
Regular pay: Same as policy term  Limited pay: 5, 7 & 10 years
Savings option - Policy Term (Years)/td>
Premium Payment Type Policy Term
5 Pay / 7 pay 10-25
10 Pay 15-20
Regular pay 10-25
Premium Payment Type Minimum Annual Premium (Rs.)
5 Pay 48,000
7 Pay 34,000
10 Pay 24,000
Regular Pay 18,000
Maximum Premium (Rs.) As per Board approved underwriting policy
Minimum Sum Assured (Rs.) 2,20,000
Maximum Sum Assured As per Board approved underwriting policy
Premium Payment modes Yearly / Half Yearly / Monthly