MetLife Life Met 100 Review
Plan Name: Met 100
Insurer: MetLife Insurance
Category: Traditional Plan
Objective: Financial protection of family and returns on investment
Major USP of Met 100
Insurance cover till age 99
Riders available
Limited Pay options available
Eligibility of Met 100
Minimum Entry Age: 0 Years
Maximum Entry Age: 70 Years
Maturity Age: 99 Years
Policy Term: 99- Age at Entry
Premium Payment Term: 15, 20 and 25 Years
Minimum Premium: Rs 1,000 per annum
Premium Payment Mode: Yearly, Half Yearly, Quarterly or Monthly
What benefits does Met 100 offer?
Death benefit:
Being a whole life plan, you get life cover till the age of 99. In case of unfortunate death of the life insured, Sum Assured will be paid.
Maturity Benefit:
When the life insured reaches 99 years, Sum Assured will be paid.
Riders:
You can opt for accidental death, waiver of premium, critical illness and term rider with the plan.
Are there any tax benefits?
Under Section 80C you can avail tax benefit, yearly premium (not more than 1lac) will be deducted from taxable income.
Under Section 10(10D) death claim is completely tax free.
What else should I know about?
Surrender Value: If premiums have been paid for 3 years, then the policy would acquire guaranteed surrender value.
Free Look Period: Met 100 plan can be cancelled within 15 days of receiving the policy contract. A written application can be submitted to any branch for the same. The premium will be paid back minus some charges like stamp duty, medical reports.
How can I buy Met 100?
Policybazaar representatives will assist you in buying Met 100.
