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:
| Age at Entry | 15 to 55 Years |
| Age at Maturity | NA |
| Sum Assured | Rs.75,000/- and Above |
| Premium Paying Mode | Annual, Half Annual, Quarterly and Monthly |
