met pension plans
TRANSCRIPT
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 1/12
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,
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 2/12
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)
60% of the first yearannualized premium
Platinum(2,00,001 &
above)
70% of the first yearannualized premium
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 3/12
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
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 4/12
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-
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 5/12
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
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 6/12
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
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 7/12
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
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 8/12
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
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 9/12
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
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 10/12
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.
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 11/12
- 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).
8/8/2019 Met Pension Plans
http://slidepdf.com/reader/full/met-pension-plans 12/12
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.