ASSURED MONTHLY INCOME / MetLife STRENGTHS series::#9 :MMIP

MetLife STRENGTHS series::#9 :MMIP ASSURED MONTHLY INCOME

Met Monthly Income Plan

UIN 117N050V01 Features MetLife offers 'Met Monthly Income Plan' a participating plan which guarantees you a monthly regular income for you and your family when you are there and even if you are not there for 15 years or till end of the policy term. Moreover you choose the monthly income that you want and we guarantee you that amount. A plan which provides for your retirement needs and helps you achieve financial freedom - 'Guaranteed'.

Plan  Overview Plan at a Glance Product Benefits Reasons to Buy 1. Guaranteed monthly regular income that you choose at inception payable for 15 years i.e. 180 months. 2. In case of unfortunate death during the term of the policy, your family will immediately get an amount equal to 25% of the Base Sum Assured (45 times monthly regular income). 3. Guaranteed payment of monthly regular income even after the death of the Person Insured - If the monthly regular income has already commenced, the balance monthly income installments will be paid to the nominee as and when they are due. If the monthly regular income has not commenced, the same will be commenced starting from the first monthly anniversary following the date of death and shall be paid for the next 15 years to the nominee. 4. Payment of an additional Sum Assured in case of accidental dealth if Accidental Death Benefit Rider has been opted by you at inception. 5. Tax benefits* on both the amount invested and the benefits received under Section 80 C and Section 10 10D.

Premium Calculator Download Brochure Email Brochure Disclaimers:For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Insurance is the subject matter of the solicitation. *Tax benefits are as per the provisions of Income Tax Act, 1961, and the same are subject to amendments made there to from time to time, please consult your tax consultants for more details. LD/2009-10/EC203/426 Entry Age (Last Birthday) Min – 18 years Max – 60 years Maximum Maturity Age 85 years Minimum Monthly Income Rs. 2,000 p.m. Sum Assured (fixed) 180 times the Monthly Income Premium Payment Term 5 years/10 years Policy Term 20 years/25 years RidersAccidental Death Benefit Rider  Death Benefit In the unfortunate event of your death your nominee/beneficiary will receive:- 1. During the Premium Payment Term - 25% of the Base Sum Assured plus all accrued simple reversionary bonuses is payable immediately. The monthly regular income also starts from the first monthly anniversary falling after the date of death and continues to be paid to the nominee/beneficiary for the next 15 years. At the end of 15 years from the date of first monthly regular income payment, the policy ceases with payment of "Terminal Bonus", if any. 2. After the Premium Payment Term - 25% of the Base Sum Assured plus all accrued simple reversionary bonuses is payable immediately. The monthly regular income to the nominee/beneficiary continues for the remaining term till maturity. At the maturity date as chosen at inception, the policy ceases with payment of "Terminal Bonus", if any. NOTE: In case of death of the beneficiary/nominee during these guaranteed monthly regular income payments period, the same will be made to the legal heir.  Survival Benefits  You get a monthly regular income that you have chosen at the inception of the policy for 15 years after the end of the Premium Payment Term. The monthly regular income commences from the monthly anniversary date that immediately succeeds the completion of the Premium Payment Term. Maturity Benefit On attaining the maturity age you will receive the accrued Simple Reversionary Bonuses along with the Terminal Bonus, if any. A word about Bonuses Simple Reversionary Bonus The policy will participate for Simple Reversionary Bonuses on completion of three years and the declared bonus will be credited on each policy anniversary occurring immediately after the date of declaration of bonus provided all the due premiums have been paid. Simple Reversionary Bonus is declared by the Company starting from year 3 onwards based on the Company's experience and this is not guaranteed. Simple Reversionary Bonus is payable on death of the life insured or on maturity whichever is earlier. The Simple Reversionary Bonus will not accrue once the death claim is settled and for the lapsed policies. Terminal Bonus The Company may also declare a Terminal Bonus as a percentage of the accrued Simple Reversionary Bonus. The Terminal Bonus is payable only after payment of last monthly regular income payment and the same is not guaranteed.

 

With Warm regards,

  "wealth4u"