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Personal Insurance

Met Advantage Plus

When you stop working for money, the money starts working for you

Met Advantage Plus is a Unit Linked Pension Plan that works hard for you when you stop working. And, like the name suggests, it comes with the maximum number of advantages. For one, it ensures that you lead a comfortable lifestyle. Always. More importantly, it helps you plan ahead, keeping in mind the escalating cost of living. What?s more, unlike any other plan, Met Advantage Plus comes with six investment options, eight annuity options, and much more!

In this policy, the investment risk in investment portfolio is borne by the policyholder.

Features & Benefits

Death Benefit

The benefit payable on death during the deferment period would be equal to 110% or 100% of the value of unit account as per the Death Benefit option chosen. If the beneficiary is the spouse, then the named spouse can take the Death Benefit in part or full as a lump sum. With the balance, if any, a pension using the various annuity options available can be bought.

Vesting Benefit

Vesting benefit denotes the value of the units on the date of vesting. You have the following options to utilize for the vesting benefit.

Use 100% of the vesting benefit to buy annuities
Commute up to 1/3rd of the vesting benefit and utilize the balance to buy annuities.

Annuity Options

Choose from a wide variety of eight Annuity Options at the time of retirement to match your pension requirements.

Potentially higher accumulation of your retirement kitty

Advantage of 6 market linked Investment Funds to potentially enhance your savings for retirement.

Disclaimer

Met Advantage Plus- Unique Identification number as alloted by IRDA 117L032V01
Unit linked insurance plans are subject to market risks. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. MetLife India Insurance Company Ltd. is only the name of the Insurance Company and Met Advantage Plus is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
Axis Bank Ltd., Trishul, Opposite Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad 380 006
Axis Bank Ltd. is a referral partner of MetLife India Insurance Company Limited and is marketing its products through its strong branch network. For further details you can contact at the Toll free no. 1800 425 8989.
Insurance is the subject matter of solicitation LD/2007-08/154. The contract of insurance is between MetLife India Insurance Company Ltd. and the Insured, and not between Axis Bank Limited and the Insured. Participation by Axis Bank Ltd.'s customers is on a purely voluntary basis. For more details on risk factors, terms and conditions, please read the sales brochures carefully before concluding a sale.
MetLife India Insurance Co. Ltd., "Brigade Sheshamahal", 5, Vani Vilas Road, Basavanagudi, Bangalore-560004. IRDA registration number 117