MetLife India Insurance Company Limited (MetLife) is an affiliate of MetLife, Inc. and was incorporated as a joint venture between MetLife International Holdings, Inc., The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited and other private investors. MetLife is one of the fastest growing life insurance companies in the country. It serves its customers by offering a range of innovative products to individuals and group customers at more than 600 locations through its bank partners and company-owned offices. MetLife has more than 50,000 Financial Advisors, who help customers achieve peace of mind across the length and breadth of the country.
Offerings of Metlife
MetLife, Inc., through its affiliates, reaches more than 70 million customers in the Americas, Asia Pacific and Europe. Affiliated companies, outside of India, include the number one life insurer in the United States (based on life insurance inforce), with over 140 years of experience and relationships with more than 90 of the top one hundred FORTUNE 500® companies. The MetLife companies offer life insurance, annuities, automobile and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions.
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Home loans, EMIs and other such liabilities are a regular feature in all of our lives. Yet none of us want the burden of these payments to fall on our loved ones. MetLife’s protection plans act as that all-important shelter, guaranteeing you complete peace of mind.
You get a monthly regular income that you have chosen at the inception of the policy for 8 years(Maximum of 96 months) 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.
On attaining the maturity age you will receive the accrued Simple Reversionary Bonuses along with the Terminal Bonus, if any.
The policy will participate in the profit by way of Simple Reversionary Bonuses on completion of three years. 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.
The Simple Reversionary Bonus will not accrue once the death claim is settled and for the lapsed policies. The Company may also declare a Terminal Bonus as a percentage of the accrued Simple Reversionary Bonus.
In case of unfortunate death during the term of the Policy, your family will immediately get a guaranteed sum equal to 24 times the chosen monthly income. In addition to this, all accrued bonuses (non guaranteed) till date will also be paid to the nominee.
In addition to the above lumpsum, your family will continue getting the guaranteed monthly income as scheduled. If the monthly regular income has not commenced, the same will start from the first monthly anniversary following the date of the death and shall be paid for the next 96 months to your nominee.
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