Life Insurance

MetLife MetLife Family Income Protector Plus

Death Benefit Option to choose between Monthly or lump sum payout
Survival Benefits Term cover: No amount is payable. Term with return of premium: 110% of the total premiums paid at the end of the policy term is payable.
Income Tax Benefits Premiums paid: Tax Benefits under section 80C of the Income Tax Act; Death Benefit: Tax Benefits under section 10(10D) of the Income Tax Act
Premium Payment Frequency Low premium rates for non-smokers, rebate for choosing higher sum assured, low premium rates for women.
Exclusions Suicide: Suicide in the First Year, Sexually transmitted diseases
 

Eligibility

Minimum Entry Age 25 Years
Maximum Entry Age 60 Years
Maximum Maturity Age 75 Years
Policy Term (Years) 10, 15 and 20 years
Monthly Income Options Rs. 10,000, Rs. 25,000, Rs. 50,000, Rs. 75,000 and Rs. 1,00,000
 

Other Features

Nomination

One has an option to nominate a nominee or change an existing nominee before the completion of the policy term.

Free-look Period

The policyholder has a period of 15 days from the date of receipt of the policy document to review the terms and conditions of the policy. If one has any objections to any terms and conditions, he has the option to return the policy. One shall be entitled to a refund of the premium paid subject only to a deduction of a proportionate premium.