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Met Protect

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This plan has been withdrawn by the insurance company and is no longer available for sale.

 

MetLife Met Protect Term Insurance Plan

 

Met Protect is a pure term insurance plan from MetLife which can be purchased online without any agent intervention. Hence this is a cheap plan as there is no commission payout.

 

 

Key Features of Met Protect Plan

 

§         It is a pure level Term Insurance Policy with benefit payable to nominee on death

§         Its a purely online plan which can be purchased and managed online

§         Low cost pure term plan for high sum assured

§         Non-smoker and women discount available

 

 

Have any doubts that need to be clarified? Request a Call Back

 

Benefits you get from Met Protect Plan

 

Death Benefit – Sum Assured is the only death benefit available if the life insured dies within the policy term.

 

Maturity Benefit – There are no maturity benefits under this plan.

 

Income Tax Benefit - Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C

 

 

Eligibility conditions and other restrictions in Met Protect Plan

 

 

 

Minimum

Maximum

Sum Assured (in Rs.)

25,00,000

No Limit

Policy Term (in years)

10

35 for regular

15 for single

Premium Payment Term (in years)

Single

Equal to policy term

Entry Age of Policyholder

18

60

Age at Maturity

-

70

Single premium

NA

NA

Payment modes

Yearly, Half-yearly and Single

 

 

Sample illustration of premium amount in Met Protect Plan

 

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 25 years

 MetLife Met Protect Term Insurance Plan

 

 

Additional Features and Benefits of Met Protect Plan

 

Riders – There are no riders available with this plan

 

 

What happens if?

 

You stop paying the premium - If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period from the due date of the first unpaid premium.

 

You want to surrender the policy – There are no surrender benefits under this term plan.

 

You want a loan against your policy – Loan facility is not available under this policy.

 

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