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Met Endowment Savings
Introduction/Overview Met Endowment Savings is a traditional savings and investments plan that policyholders can use to build their savings portfolio. It provides its customers with the facility of long-term systematic savings along with protection. Key Features The policy provides long-term savings option from ten to thirty years. A Tax benefit is available on the purchase of the policy under sections 80(C) and 10 (10D) of the Income Tax Act. The policyholder has flexible options for the payment of the premiums. Maturity benefits may be boosted with Reversionary Bonus and Terminal Bonus.
Product Specification
The policyholder has to fill up an `Application form with identity proof, bank account proof, address proof and a recent photograph. Select cases may require income proof. PNB Metlife India Insurance Launches New Product Offering Coverage to 35 Critical Illnesses for 10 Years PNB Metlife Launches its First Health Insurance Product
Benefits
On survival of the maturity period, the policyholder receives the Base Sum Assured plus accrued Simple Reversionary Bonus plus Terminal Bonus. In case of the death of the policyholder, the higher of the two are paid – Death Sum Assured plus Accrued Reversionary Bonus and Terminal Bonus; or 105% of all premiums paid. Simple Reversionary Bonus and Terminal Bonus are added to the policy from the start of the third policy year and continue until maturity.
Documents Required
Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
Met Endowment Savings
Introduction/Overview Met Endowment Savings is a traditional savings and investments plan that policyholders can use to build their savings portfolio. It provides its customers with the facility of long-term systematic savings along with protection. Key Features The policy provides long-term savings option from ten to thirty years. A Tax benefit is available on the purchase of the policy under sections 80(C) and 10 (10D) of the Income Tax Act. The policyholder has flexible options for the payment of the premiums. Maturity benefits may be boosted with Reversionary Bonus and Terminal Bonus.
Product Specification
The policyholder has to fill up an `Application form with identity proof, bank account proof, address proof and a recent photograph. Select cases may require income proof. PNB Metlife India Insurance Launches New Product Offering Coverage to 35 Critical Illnesses for 10 Years PNB Metlife Launches its First Health Insurance Product
Benefits
On survival of the maturity period, the policyholder receives the Base Sum Assured plus accrued Simple Reversionary Bonus plus Terminal Bonus. In case of the death of the policyholder, the higher of the two are paid – Death Sum Assured plus Accrued Reversionary Bonus and Terminal Bonus; or 105% of all premiums paid. Simple Reversionary Bonus and Terminal Bonus are added to the policy from the start of the third policy year and continue until maturity.
Documents Required
Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.