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MET LIFE - Junior Non-Participating
Plan Highlights
| Key Feature |
Non Participating Juvenile Endowment Assurance where in amounts are payable either on maturity or death occurring within the term. |
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| Best Suited For |
People who want their children?s predictable expenses met through careful planning. |
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| Features |
1) Premiums cease at death or on expiry of term whichever is earlier.
2) This plan can be availed for terms 15, 20, 25 and 30 years.
3) The plan is a Non Participating one and hence all Premium rates, Sum Assured, Surrender Values and Paid up Values are guaranteed upfront.
4) Maximum Sum Assured is subject to the restrictions placed by the underwriting guidelines.
5) If premiums have been paid for at least 3 years then the Policy acquires a Guaranteed Surrender Value, which can be surrendered for cash for its full Guaranteed Surrender Value.
6) Loan can be availed under the policy provided the policy is kept in force for 3 years (90% of the cash surrender value can be taken as loan on approval).
7) The policyholder has the option of converting the policy into a paid-up policy whereby the policy can be kept in force by reducing the face amount in accordance with the premiums paid.
8) No Riders are available with this policy.
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Benifits
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| Maturity Benifits |
Guaranteed Sum Assured.
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| Survival Benifits |
Not Applicable. |
| Death Benifits (Natural) |
During the term of the plan, Nominee / Beneficiary shall receive the Guaranteed Sum Assured. |
| Death Benifits (Accidental) |
Not Applicable
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Other Benefits
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Not Applicable
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Policy Features
| Type |
Endowment Policy |
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| House Loan |
Yes |
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| General Loan |
Yes |
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| Premium Paying options |
Yearly, Half-Yearly, Quarterly, Monthly, Salary Saving Scheme |
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| Period of Life Insurance |
As long as premium paying term |
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