India's 1st IRDAI Approved Insurance Web Aggregator

Met Suraksha TROP

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This plan has been withdrawn by the insurance company and is no longer available for sale.
 

MetLife Met Suraksha TROP Plan


Met Suraksha TROP is a variant of Met Suraksha, which is a pure term insurance plan. This plan gives back the premiums that are paid by the policyholder to the company on maturity of the policy provided that the life insured survives the entire policy term. Thus, if the life insured dies within the policy term, the nominee would get the Sum Assured and if he doesn’t, then the premiums paid by him to secure cover is returned to him on maturity.

 

Key Features of Met Suraksha TROP Plan

 

§  It is a Term Insurance Policy with Death Benefit and Maturity Benefit.

§  There is a guaranteed addition of 10% of the premiums paid.

§  Single pay and limited pay options available.

§  Riders are available with this policy.

COMPARE THIS PLAN WITH OTHER TERM PLANS
    Yes
    No

    Benefits you get from Met Suraksha TROP Plan

     

    Death Benefit – In case of death of the policy holder, the nominee gets the sum assured under the plan

     

    Maturity Benefit – The premiums are returned on maturity if the life insured survives the entire tenure..

     

    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 Suraksha TROP Plan

     

     

    Minimum

    Maximum

    Sum Assured (in Rs.)

    2,00,000

    No Limit

    Policy Term (in years)

    5

    20

    Premium Payment Term (in years)

    Single

    Equal to policy term

    Entry Age of Policyholder

    18

    50

    Age at Maturity

    -

    65

    Single premium

    NA

    NA

    Payment modes

    Yearly, Half-yearly, Quarterly, Monthly, Single and Payroll Savings Program

     

     

    Sample illustration of premium amount in Met Suraksha TROP Plan

     

    The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 20 years

    Sample Premium Rates of Met Suraksha TROP

     

     

    Additional Features and Benefits of Met Suraksha TROP Plan

     

    Riders – there are 2 riders in this policy which can be opted for

    ·         Critical Illness rider

    ·         Accidental Death Benefit rider

    HAVE ANY DOUBTS THAT NEED TO BE CLARIFIED?

    What happens if?

     

    You stop paying the premium – the policy would lapse and death benefit would not be applicable. However, it can be reinstated within 3 years from the first unpaid premium date.

     

    You want to surrender the policy – There is guaranteed surrender options available under this policy but it depends on the premium paying term as well.

     

    You want a loan against your policy – There is no loan facility in this policy.

     

    Compare Term Plans

    Leave a Comment

    Term Insurance Calculator
    Important: Insurance is the subject matter of solicitation | © 2009-2022 MyInsuranceClub.com