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Met Suvidha

Met Suvidha is flexible endowment insurance plan that combines with saving and security. It provides guaranteed return on your investment at the end of the policy term.

The plan is available in two options-participating and non participating plan. The bonuses are available only on participating policies.

Benefits:

Death Benefit-

Par plan- The sum assured plus accrued reversionary bonus plus terminal bonus (if any) is payable to the beneficiary.

Non Par- The sum assured is payable to the beneficiary.

Maturity Benefit-

Par Plan- The policy holder will receive the sum assured plus accrued reversionary bonus plus terminal bonus (if any)

Non Par Plan- The policy holder will receive the sum assured.

Additional Benefits-

Option to customize the policy through following riders-

- Accidental Death Benefit Rider

- Critical Illness Rider

- Waiver of Premium Rider

- Term Rider

Tax Benefits-

Tax benefit under section 80C and 10(10D) of the Income Tax Act,1961.

Eligibility Parameter:

Met Life-Met Sukh

Met Sukh is a guaranteed money back policy that provides definite sum assured at the end of 5, 10, 15 and 20 years. This is best plan to make provisions for children’s education, marriage or any other needs.

The following periodic benefits are payable at regular intervals-

- At the end of 5 years – 20% of the sum assured

- At the end of 10 years – 20% of the sum assured

- At the end of 15years – 20% of the sum assured

- Upon Survival to maturity (20 years) – 40 % of the sum assured

Key Benefit:

1. On death of the life assured, the sum assured plus guaranteed additions are payable to the beneficiary.

2. On maturity, the life assured will receive the survival benefits plus guaranteed additions.

Key Features:

1. Guaranteed addition of Rs.100/- per Rs.1000/- on total sum assured per annum.

2. Additional protection through following riders-

- Accidental Death Benefit Rider

- Waiver of Premium Rider

- Critical Illness Rider

- Term Rider

3. Tax benefit under section 80C and 10(10D) of the Income Tax Act,1961.

Eligibility Criteria:

Life insurance quote

Buying life insurance is a very essential in your life which will prove to be very helpful for you at a future. Life insurance is a referred to as life assurance, provides for a payment of lump sum amount of money against the death of the life insured.

But, problem persist to shop life cover. There are many life insurance companies are available in the market, they are offering regularly new and developed plans. Due to this, peoples finds very difficulties to choose the suitable plans in a budget.

For this solution, you must know as to where to find the cheap life insurance quote. Internet is the best source ever for fast and convenient result. You can get the information on the coverage amount, benefits, premium rates, policy term and other necessary information.

Now days getting life insurance quote is much easier, because many insurance companies and private website offers various tools and comparators at no cost. It allows you to compare there multiple insurance plans at a time, you just need to put a required information. As you find the favorable terms and condition, buying life insurance is much easier rather than going for unknown.

If you get the life insurance coverage in cheap premiums rate then that will be more profitable for you.

Why life insurance?

life insurance is a very important component in our life but most of people do not understand it. There are various benefits of buying life insurance policy early in you career.

If you buy life insurance policy earlier, it will be always better. Because when you grow up, the possible medical problems will develop and might be insurance companies charge higher premiums. That’s the reason, the life insurance is a costlier for older people.

There are many variations of life insurance policies that provides different types and level of cover depending on your requirement basis. Generally, life insurance policies protect you and your family from untoward situations like cost of accidents, illness, surgery, disability and death.

Life insurance is a really operative source of investment and credit provider. Insurance decision make should be based on your age, family needs and economic situation.