Met Life Monthly Income Insurance Plan | Met Monthly Income Insurance Plan Review
Met Life Monthly Income Insurance Plan | Met Monthly Income Insurance Plan Review
MetLife – the leading life insurance solution provider in India. MetLife currently offer Monthly Income Insurance Plan for its customer called Met Monthly Income Plan. Customer can earn regular monthly income from this plan. Also customer nominee can enjoy the regular income even after customer death.
Met Monthly Income Insurance Plan Monthly Earning Amount:
- Monthly income will be 1/180 times of the sum assured
- Minimum Earning every month will be Rs 1000 & sum assured will be Rs 180000
Met Life Monthly Income Insurance Plan Premium:
- Premium is fully depends on customer age
- For age 25-35, the average yearly premium should be Rs 31000-Rs 40000 for 5 years in 20 years plan
- Sum assured is taken as Rs 180000 at the time of calculation
Met Life Monthly Income Insurance Plan Benefits:
- Customer earn regular monthly income from the 1st month
- Even Nominee can earn regular monthly income even after the death of customer
- Customer can avail the tax exemption of the total premium amount under Section 80 C and Section 10 10D
- Customer earn income for 20 years by just paying 5 years premium
Met Life Monthly Income Insurance Plan Death Benefits:
- Death during the policy premium period, nominee get 25% of the Base Sum Assured plus all accrued simple reversionary bonuses is payable
- The monthly regular income also starts after next 1 month & will be paid for next 15 years
- Death during term of the policy, nominee will immediately get an amount equal to 25% of the Base Sum Assured
Met Life Monthly Income Insurance Plan Limitation:
- After death of customer, nominee not get the full sum assured immediately
- Met Life Monthly Income Insurance Plan is not available for senior citizen
- Met Life Monthly Income Insurance Plan duration is very less & available for maximum 25 years