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Product Information
Saving And Investment Plans MetLife Income Protection Plan
Synopsis:
This is a flexible life insurance plan that meets your savings as well as protection needs. This plan not only ensures peace of mind by providing financial protection to your family by way of regular monthly income or Lumpsum, but also returns ranging from 100% to 150% of the Total premiums paid on survival till maturity.

Features:

  • Guaranteed Payout
  • Protection for your family
  • Easy Enrolment
  • Flexibility

Benefits:

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  • Ensure Financial security for your family in case of your unfortunate death
  • Choose to provide regular income for your family to take care of their living expenses in case of your untimely demise
  • Guaranteed Lumpsum ranging from 100% to150% of Total premiums paid on survival till Maturity
Eligibility:
Option name Maturity Benefit as % of Total premium paid
100%RoP 100%
110%&RoP 110%
130%RoP 130%
150%RoP 150%

Age at entry (Years)#
Plan Option Minimum age (Years) Maximum age (Years)
100%RoP 18 55
110%&RoP 18 55
130%RoP 18 55
150%RoP 18 50

Maximum age at maturity (Years)#
Plan Option Premium payment term (PPT) Policy Term (PT) Max. Maturity age
100%RoP 5 15 70
110%&RoP 7 15 70
130%RoP 7 15 70
130%RoP 7 20 75
130%RoP 10 20 75
150%RoP 10 20 70

Policy Term (Years)
Plan Option Premium payment term (PPT) Policy Term (PT)
100%RoP 5 15
110%&RoP 7 15
130%RoP 7 15
130%RoP 7 20
130%RoP 10 20
150%RoP 10 20

Minimum Installment Premium (Rs.)
Plan Option PPT-PT Minimum Yearly premium (Rs.) Minimum Half yearly premium^ (Rs.) Minimum Monthly premium per month^ (Rs.)
100%RoP 5-15 8000 4105 750
110%&RoP 7-15 7000 3592 650
7-15 8000 4105 750
7-20 7000 3592 650
130%RoP 10-20 5500 2822 500
150%RoP 10-20 7000 3592 650
^Inclusive of Modal loading
Maximum Premium (Rs.) Based on maximum Basic Sum Assured of Rs. 10,00,000
Minimum Basic Sum Assured(Rs.) Based on minimum premium as mentioned above
Maximum Basic Sum Assured (Rs.) 10,00,000
Premium Payment modes Yearly / Half-yearly / Monthly
#All reference to age are as on age last birthday