Met Monthly Income Plan

Recommendations :No

Name of the policy :
Met Monthly Income Plan

A brief desciption :

Met Monthly Income Plan is an perfect example of misselling done by insurance companies. They claim guaranteed returns for investors. When looked in brochure they claim that if an investor would pay Rs 35,541/- at the end of 10 years, monthly return would be guaranteed at Rs 2500/- per month which is equivalent to Rs 30,000/- in a year. The rate of guarantee in this product comes to 1.91% per annum which is more or less half of what you get in your savings bank.

Started date :6/7/2009
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :SA= 180 times monthly income. Monthly Income: Min- 1000
Returns expected :Less than Fixed Deposit
Entry age :18-60 Years

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