Met Pension Plans

8/8/2019 Met Pension Plans

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1. Met Growth Super

Overview

MetLife offers 'Met Growth Super' - a Unit-Linkedsolution to help you plan for your golden years. Itis specially designed to provide financial security

for your future requirements. This plan allows youto start planning immediately by ensuring the

safety of your first year premiums. It also helpscreate your retirement fund faster by giving you

100% allocation from the second year onwards,coupled with attractive loyalty additions into your

fund. Guaranteed.

At a glance

Entry Age (incompleted

years)

Min – 0 years (3months to be

completed)

Max – 60 years

Maturity Age Min – 20 yearsMax – 80 years

Coverage Term 20 / 25 / 30 years

Premium

Payment Term

Regular

Minimum

AnnualizedPremium

Rs. 18,000

Basic SumAssured

Min – 5 times / 10times # /20

times # the AnnualizedPremium.

Premium

Paying Modes

Monthly, Quarterly,

Half-yearly, Yearly,



PSP

Benefits

Death Benefit

In the unfortunate event of death, the higher of the Sum Assured or the Fund Value would be

payable.If death of the Person Insured occursbefore age 7, the Fund Value plus the regular

premium received by us in the first policy year is

payable.

Maturity Benefit

On maturity, you will receive the Fund Valueincluding the Guaranteed Loyalty Addition or youcan opt for the settlement options.

Loyalty Additions

You get the guarantee of enhancing your wealthcreation through guaranteed loyalty additions (upto 120%# of the first year annual premium) at the

end of the 10th & 15th year plus GuaranteedAdditions as a % of the Fund Value.

At the end of the 10th year: 50% of the firstyear annualized premium

At theend of

the 15thyear:

Reasons

to buy

As a percentage of the first yearannulized premium (in Year 15)

Annulizedpremium (Rs)

Guaranteed LoyaltyAddition

Silver (18,000 –29,000)

55% of the first yearannualized premium

Gold (30,100 –2,00,000)


Platinum(2,00,001 &

above)




1. Maximize your return potential – 100% of

your premium invested in funds of your choicefrom the 2nd year onwards.

2. Get Guaranteed Loyalty Additions of up to120%# of your first year premiums

3. Get guaranteed loyalty additions of 2% of your average Fund Value for coverage terms

of 20, 25 and 30 years.

4. Liquidity in the form of Partial Withdrawalsand Surrender Benefits.

5. * Tax Benefits as applicable.

2. Pension Plus

Overview

MetLife offers, Met Pension Plus a Unit Linked

Pension Plan (Non Par), a plan that gives you thisfreedom to help you achieve your aspirations bygiving you return on investment and an

opportunity to venture out in life, that you trulydeserve. Now, you can live life the way you want

to, today and in the future.

Met Pension Plus, when you stop working for

money and money starts working for you.

At a glance

MinimumAge at

entry of the

Person

18 years for RegularPremium Policy

35 years for Single PremiumPolicy



Insured

MaximumAge at

entry of the

PersonInsured

63 years for RegularPremium Policy

64 years for Single PremiumPolicy

MinimumVesting

Age

45 years

MaximumVestingAge

70 years

PolicyTerm

For RegularPremium - 7years - 52 years (running

years), subject to satisfyingthe minimum and maximumvesting age

For Single Premium - 6years to 10 years only

Premium

PayingOptions

Single Pay & Regular Pay

Minimum

PremiumPremiumPaying

Option/PolicyTerm

MinimumPremium

Single Pay Rs.100,000

Regular Pay<10 years term

Rs.50,000

p.a. (forAnnual &

Semi-



Annual

modes)Rs.

72,000p.a. (for

Quarterlymode)

Rs.84,000p.a. (forMonthly

mode)

Regular Pay 10

to 14 yearsterm

Rs.

25,000p.a. for all

modes

Regular Pay

>=15 years

term

Rs.

18,000

p.a. for allmodes

Minimum

Top-UpPremium

Rs.5,000 per Top-Up

Premium

MaximumTop-Up

Premium

Any Amount

Premium

PayingModes

Single, Annual, Semi-

Annual, Quarterly, Monthly& PSP modes

Benefits

Death Benefit

In case of an unfortunate death of the Person



Insured during the deferment period MetLife will

pay to the nominee the Total Fund Value in theUnit Account including Top-Up fund value and

Guaranteed Loyalty Additions (if any).

If the nominee is your named spouse, then yourspouse has the option to choose any of the

immediate annuities offered by MetLife or can alsopurchase an annuity from any other insurer.

Vesting Benefit

At the end of the policy terms, you have thefollowing options to get the vesting benefit underthis Plan;- Use 100% of the Fund Value at maturity date to

buy annuities.- Commute up to 1/3rd of the Fund Value atmaturity and utilize the balance to buy

annuities.

Guaranteed Loyalty AdditionsWith Met Pension Plus, you get the benefit of

enhancing your retirement corpus with GuaranteedLoyalty Additions which are added to your policy so

you potentially get higher pensions.

Guaranteed Loyalty Additions are payable only if all premiums are paid.

Other FlexibilitiesUnlimited Top-Up Premium Option: YourPension Planning has now become easy and

simple. You can Top-Up your Met Pension Plus planwith additional premiums any time after you

purchase the plan. Top-Up Premium is Rs.5,000.Top-Up Premium are accepted only if due Regular



Premiums have been paid. What's more, there are

no restrictions on the maximum amount of Top-UpPremium also.

Preponement/Postponement of

Vesting/Maturity Date: You have the option toprepone or postpone your vesting date during the

lifetime of the policy to help you plan your lifestylechanges. Preponement/Postponement is allowed

only once during the lifetime of the policy. Otherconditions apply.

Eight Immediate Annuity Options: Available atthe vesting date through our Immediate AnnuityNon-Par Plan (UIN: 117N029V01).

Open Market Annuity Option: MetLife also offers

you the flexibility to buy a pension from any otherinsurer of your choice at the time of vesting. So,

you have the freedom to take the best offeravailable in the market.

Reasons to buy

1. Maximize your post retirement income with

Guaranteed Loyalty Additions.

2. Simplified and hassle free purchaseprocess.

3. Flexibility to postpone and prepone your

retirement.

4. *Tax Benefits as applicable.

3. Pension Plus

Overview



MetLife offers, Met Pension Plus a Unit Linked

Pension Plan (Non Par), a plan that gives you this

freedom to help you achieve your aspirations bygiving you return on investment and anopportunity to venture out in life, that you truly

deserve. Now, you can live life the way you wantto, today and in the future.

Met Pension Plus, when you stop working formoney and money starts working for you.

At a glance

Minimum

Age atentry of

the

PersonInsured

18 years for Regular

Premium Policy35 years for Single Premium

Policy

MaximumAge atentry of

thePerson

Insured

63 years for RegularPremium Policy64 years for Single Premium

Policy

Minimum

VestingAge

45 years

MaximumVesting

Age

70 years

Policy

Term

For Regular Premium - 7

years - 52 years (running



years), subject to satisfying

the minimum and maximumvesting age

For Single Premium - 6years to 10 years only

PremiumPaying

Options

Single Pay & Regular Pay

Minimum

PremiumPremium

PayingOption/Policy

Term

Minimum

Premium

Single Pay Rs.100,000

Regular Pay

<10 years term

Rs.

50,000p.a. (for

Annual &

Semi-Annualmodes)Rs.

72,000p.a. (forQuarterly

mode)Rs.

84,000p.a. (for

Monthlymode)

Regular Pay 10to 14 years

term

Rs.25,000

p.a. for all



modes

Regular Pay>=15 years

term

Rs.18,000

p.a. for allmodes

MinimumTop-UpPremium

Rs.5,000 per Top-UpPremium

Maximum

Top-Up

Premium

Any Amount

PremiumPayingModes

Single, Annual, Semi-Annual, Quarterly, Monthly& PSP modes

Benefits

Death BenefitIn case of an unfortunate death of the Person

Insured during the deferment period MetLife willpay to the nominee the Total Fund Value in the

Unit Account including Top-Up fund value andGuaranteed Loyalty Additions (if any).

If the nominee is your named spouse, then your

spouse has the option to choose any of theimmediate annuities offered by MetLife or can also

purchase an annuity from any other insurer.

Vesting Benefit

At the end of the policy terms, you have thefollowing options to get the vesting benefit under

this Plan;

- Use 100% of the Fund Value at maturity date tobuy annuities.



- Commute up to 1/3rd of the Fund Value at

maturity and utilize the balance to buyannuities.

Guaranteed Loyalty Additions

With Met Pension Plus, you get the benefit of enhancing your retirement corpus with Guaranteed

Loyalty Additions which are added to your policy soyou potentially get higher pensions.

Guaranteed Loyalty Additions are payable only if

all premiums are paid.

Other FlexibilitiesUnlimited Top-Up Premium Option: Your

Pension Planning has now become easy andsimple. You can Top-Up your Met Pension Plus planwith additional premiums any time after you

purchase the plan. Top-Up Premium is Rs.5,000.

Top-Up Premium are accepted only if due RegularPremiums have been paid. What's more, there areno restrictions on the maximum amount of Top-Up

Premium also.

Preponement/Postponement of Vesting/Maturity Date: You have the option to

prepone or postpone your vesting date during thelifetime of the policy to help you plan your lifestylechanges. Preponement/Postponement is allowed

only once during the lifetime of the policy. Otherconditions apply.

Eight Immediate Annuity Options: Available atthe vesting date through our Immediate Annuity

Non-Par Plan (UIN: 117N029V01).



Open Market Annuity Option: MetLife also offers

you the flexibility to buy a pension from any otherinsurer of your choice at the time of vesting. So,

you have the freedom to take the best offeravailable in the market.

Reasons to buy

1. Maximize your post retirement income with

Guaranteed Loyalty Additions.

2. Simplified and hassle free purchase process.

3. Flexibility to postpone and prepone yourretirement.

4. *Tax Benefits as applicable.

Documents

Met Pension Plans