MetLife Retirement Savings Plan, is a non-linked, participating pension plan. MetLife Retirement Savings Plan ensures
Vesting Benefit: Sum Assured + Vested Simple Reversionary bonus plus Terminal Bonus, if any.
Death Benefit: Death Sum Assured + Accrued Simple Reversionary Bonus + Terminal Bonus, if any; (Where Death Sum Assured is defined as 105% of all Premiums paid (excluding service tax and extra premium, if any))
Flexibility: You can defer the vesting date up to age 75 years.
| Particulars | Boundary Conditions | |
| Min. Age at entry* | 30 years | |
| Max. Age at entry* | 64 years (Limited Pay 10 years) 65 years ( Others) |
|
| Min / Max. age at Vesting* | 50 / 75 years | |
| Minimum Sum Assured | Regular Pay & Limited Pay 10 Years: Rs 300,000 Limited Pay 5 Years & Single Pay: Rs 500,000 |
|
| Maximum Sum Assured | As per our Board Underwriting Policy | |
| Premium Payment Term | Single Pay / 5 Pay / 10 Pay / Equal to Policy Term | |
| Minimum Policy Term | Premium Payment Type Regular Pay & Limited Pay 5 years Limited Pay 10 Years Single Pay |
Minimum Policy Term 10 years 11 years 5 years |
| Maximum Policy Term# | SP: 20 years Others: 30 years |
|
| Minimum Annualized Premium | Premium Payment Type Regular Pay Limited Pay 10 Years Limited Pay 5 Years Single Pay |
Minimum Annualized Premium Rs. 7,044 Rs. 13,128 Rs. 35,990 Rs. 262,250 |
*Age Last Birthday
# offers running terms between minimum & maximum policy terms in the interval of 1 year.
