Entry Age (years)
Minimum
18
Maximum
60
Maximum Maturity Age (years)
70
Policy Term (years)
Minimum
10
Maximum
35
Sum Assured (Rs)
Minimum
Non Smokers: 2500000 Others: 1000000
Maximum
No limit
Minimum Premium (Rs)
Yearly
3600
Half-Yearly
1847
Quarterly
938
Monthly
319
Premium Payment Frequency
Yearly, Half-yearly, Quarterly, Monthly, Payroll Savings Plan
Premium Payment Term
Equal to policy term
Premium Factor (multiply with annual premium)
0.5131 for Half-yearly, 0.2605 for Quarterly, 0.0886 for Monthly, 0.0868 for Payroll Savings Program
Policy Cover
Cover remains fixed for the tenure of the policy
Other Features
Free Look Cancellation
In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period
You are allowed to pay premiums within 30 days of premium due date for Yearly/ Half-yearly/Quarterly premium payment and 15 days from premium due date in case of Monthly premium payment. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover will be terminated.
Lapsed Policy Reinstatement
You may reinstate your lapsed policy within 3 years from date of first unpaid premium by paying due premiums and undergoing underwriting requirements, if any.
Tax Benefits
Section 80C, 10(10D) of the Income Tax Act, 1961 would apply. Premiums paid for Critical Illness Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.
Exclusions
In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit
Customer Service
Address
MetLife India insurance Company Limited Registered Office: Brigade Seshamahal, 5, Vani Vilas Road, Basavanagudi, Bangalore - 560004
Call On
1800 425 6969 or +91 080 26438638 from 8 am to 8 pm
SMS
Protect' to 5676769
Available Rider(s)
Accidental death benefit: It covers death due to an accident within 180 days of the accident.
Critical Illness Rider: This rider covers 10 critical illnesses namely: Heart Attack, Stroke, Cnacer, Surgery to coronary arteries, Kidney failure, Major organ transplant, Aorta surgery, Blindness, Heart valve replacement and Paraplegia. This rider benefit can be availed only after 90 days starting from the policy purchase date have elapsed. There is also a survival period of 30 days from the date of confirmed diagnosis of the illness before the benefit is actually paid.
Rider Conditions
Entry Age (years)
Minimum
18
Maximum
50
Maximum Maturity Age (years)
60
Sum Assured (Rs)
Minimum
50000
Maximum
Lower of Base plan insurance or 10 lakh
Rider Premium (Rs)
Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the Accidental Death rider for Rs 5 lakh sum assured over a 10 year tenure; the annual rider premium works to Rs 400 and Rs 1085 in case of Critical Illness Rider.
