Met Protect

Name: Met Protect

Type of policy: Term Policy

For buying policy: Yes

Term insurance is a fantastic product that every single family needs to have, for its earning member(s). It is a pure life insurance policy that gives your family a cover in case of an eventuality to the bread winner. A single term policy of adequate cover will suffice for entire insurance needs.

We typically recommend an insurance cover of 4-8 times your annual income and for as long a term as is available for your age. Find out the ideal cover for you using this calculator.

Met Protect is a pure term insurance plan from MetLife which can be purchased online without any agent intervention. Hence this is a cheap plan as there is no commission payout. There are no riders available in this plan. We recommend a standalone critical illness cover as that gives wider range of cover in terms of number of illnesses, renewability and comes at lower premium. Personal accident cover is really an additional expense to be avoided as it covers your life which is already covered by the term policy.

Product features: 

Parameter

Value

Minimum age at entry

18 years

Maximum age at entry

60 years

Minimum Term

10 years

Maximum policy term

35 years or 70 years of age whichever is earlier

Minimum sum assured

Rs 25,00,000- Non smoker

Rs 10,00,000- Others

Maximum sum assured

No Limit

 

Returns: If the insured survives term, no benefits are paid. Insurance should be viewed as an expense rather than investment.  Both function best when handled separately.

Fintotal Product Analysis is the ideal place to seek unbaised and neutral view on all financial products.

Do not get fooled by agents and distributors, just check here before you make any purchases.


Explore more in a easy manner.


Table of Contents

Table of Contents