Retirement means freedom from a fixed schedule, which you may be following during your working years. In the true sense, retirement means enjoying the time you have with your family, grand children or your friends, without having to think about work or income. MetLife Retirement Savings Plan, a non-linked, participating pension plan is one of the best retirement savings plans available, giving you a gateway to your financial freedom.
The policy terminates with the payment of death claim amount.
Vesting Benefits
If the insured survives and the policy is in-force till Vesting Date, the Vesting Benefit shall be:
Base Sum Assured + Accrued Simple Reversionary Bonus + Terminal Bonus, if any.
Options on Vesting
The policy will participate for Simple Reversionary Bonuses from year three
Particulars |
Boundary Conditions |
|
Min. Age at entry* |
30 years |
|
Max. Age at entry* |
64 years (Limited Pay 10 years) |
|
Min / Max. age at Vesting* |
50 / 75 years |
|
Minimum Sum Assured |
Regular Pay & Limited Pay 10 Years: Rs 300,000 |
|
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 |
Minimum Policy Term |
Maximum Policy Term# |
SP: 20 years |
|
Minimum Annualized Premium |
Premium Payment Type |
Minimum Annualized Premium |
*Age Last Birthday
# offers running terms between minimum & maximum policy terms in the interval of 1 year.