MetLife India launches Met Suraksha - a term assurance plan
By Our Corporate Bureau | 10 Mar 2004
Bangalore:
MetLife India Insurance Company Private Limited, the Indian
affiliate of America's largest life insurer, Metropolitan
Life Insurance Company, has launched Met Suraksha —
a non participating term assurance plan.
Met
Suraksha is a pure protection plan providing the highest
cover at the most economical cost. The sum assured is
payable in case of the death of the policyholder during
the term, with no maturity benefits. Met Suraksha provides
no cash value.
Met Suraksha is a term assurance with no frills. The plan
is open to the varied age group of 18-60 years. The policy
expires at the age of 65. The sum assured can range from
Rs.50, 000 onwards with no upper limit. Choice of the
policy term varies from 5, 10, 15, 20 and 25 years and
level term to age 60. The base premiums are eligible for
tax benefits.
According
to Suraj Kaeley, chief marketing officer,"With Met
Suraksha, we provide our customers with flexibility of
choosing a life insurance plan with the input of minimum
cost from our customers end."