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:
| Age at Entry | 15 to 60 Years (Par) |
| 15 t0 70 Years (Non-Par) | |
| Age at maturity | Maximum 75 Years |
| Policy Term | 15 to 30 Years (Par) |
| 5 to 30 Years (Non Par) | |
| Premium Paying Term | Single Pay, Limited Pay & Regular Pay |
| Premium payment Mode | Annual, Half Annual, Quarterly & Monthly |
