Home
×

Metlife College plan
Metlife College plan




ADD
Compare
X
Metlife College plan
X
LIC Bima Diamond

Metlife College plan and LIC Bima Diamond Premium

1 Premium
1.1 Minimum Premium
1.1.1 Min Premium
Kotak Preferred..
₹ 18000
Rank: 54 (Overall)
Not Available
Rank: N/A (Overall)
HDFC Life Group Credit Protect Insurance Plan Premium
1.1.2 Min Premium (Variable)
Depends on Mode of Premium
Depends on Sum Assured and Policy Term
1.2 Maximum Premium
1.2.1 Max Premium
Metlife Traditi..
₹ 4244482
Rank: 11 (Overall)
Not Available
Rank: N/A (Overall)
HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana Premium
1.2.2 Max Premium (Variable)
Not Applicable
Depends on the Sum Assured, Policy Term and Age of the insured
1.3 Payment Options
Regular Pay
Limited Pay
1.4 Regular Modes
Annual, Monthly, Payroll Savings Program, Quarterly
Annual, Monthly, Quarterly, Semi-Annual
1.5 Top Up
Not Allowed
Not Allowed
1.5.1 Top Up Value
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Not Applicable
Rank: N/A (Overall)
Pension Plus Premium

Metlife College plan and LIC Bima Diamond Premium Comparison

Metlife College plan and LIC Bima Diamond premium comparison can be done on the basis of minimum and maximum premium, if top up premium is allowed and also if premium waiver is available in case of critical illness or physical disability. Premium is the money paid by you so that the insurance company provides you a life cover. Premium waiver in case of critical illness or disability is a part of Metlife College plan and LIC Bima Diamond Provisions. Provisions are not a part of all insurance plans. But for some plans, such provisions can be bought at an additional cost in terms of riders.

Depending upon the type of plan chosen, premium can be fixed throughout the policy term or it can vary as age of the life insured increases. Premium may also vary according to the sum assured that you have chosen. Higher the sum assured, higher is the premium value. Fixed minimum premium for plan 1 is ₹ 18000. Variable minimum premium for plan 1: Depends on Mode of Premium. Variable minimum premium for plan 2: Depends on Sum Assured and Policy Term. Maximum premium is also defined on the similar lines. Fixed maximum premium for plan 1 is ₹ 4244482. Variable maximum premium for plan 2: Depends on the Sum Assured, Policy Term and Age of the insured.

Premium Payment Options

Premium payment options for Metlife College plan and LIC Bima Diamond also include premium paying modes. For a life insurance plan, premium payment options are regular pay, single pay and limited pay. These define the frequency of premium payment. In regular pay option, there are different modes like monthly payment, quarterly payment, etc.

For Metlife College plan:

  • Premium payment options: Regular Pay.
  • Regular premium paying modes: Annual, Monthly, Payroll Savings Program and Quarterly.

For LIC Bima Diamond:

  • Premium payment options: Limited Pay.

In regular pay, you have to pay the premium at fixed regular intervals throughout the policy term. This premium can be paid monthly, quarterly, twice in a year or once in a year. If you choose limited pay mode, you'll have to pay the premium only for few years whereas in single pay mode, entire premium is paid at once.

Top Up for Metlife College plan and LIC Bima Diamond Premium

Top up for Metlife College plan and LIC Bima Diamond premiums, is an extra amount of money that you can pay at any time during the policy term. It helps to increase value of investment over a long period of time. Top up premium is not allowed for first plan and for the second plan, it is not allowed. If allowed, top up premium can be paid anytime along with your regular premiums.

Let Others Know
×