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Metlife College plan
Metlife College plan




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Metlife College plan

1 Details
1.1 Insurance Provider
PNB Metlife India Insurance
1.2 Claim Settlement Ratio
1.2.1 Settlement Ratio (2015-16)
85.70%
Rank: 8 (Overall)
1.2.2 Settlement Ratio
LIC Bhagya Laks..
93.00%
Rank: 5 (Overall)
Edelweiss Tokio My Life Plus
1.2.3 Settlement Ratio (2013-14)
LIC New Jeevan ..
90.24 %
Rank: 10 (Overall)
DHFL Pramerica Family Income
1.3 Type
Money Back Life Insurance Plan
1.4 Status
In-force
1.5 Online
37% Money Back Insurance Plans Life insurance plans have it !
1.6 Eligibility
1.6.1 Min Entry Age
AEGON Religare ..
20 years
Rank: 19 (Overall)
Bajaj Allianz Cash Assure
ADD ⊕
1.6.2 Max Entry Age
ICICI Pru Immed..
45 years
Rank: 30 (Overall)
Reliance Classic Plan 2
ADD ⊕
1.6.3 Min Vesting Age
Canara HSBC Sma..
Not Available
Rank: N/A (Overall)
Shriram Secure Investment Plan
ADD ⊕
1.6.4 Max Vesting Age
Bharti AXA Life..
69 years
Rank: 17 (Overall)
LIC New Children Money Back Plan
ADD ⊕
1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
12 years
Rank: 10 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.7.2 Max Term
TATA AIA Fortun..
24 years
Rank: 21 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.8 Returns
1.8.1 Min Sum Assured
Aviva Life Shie..
₹ 212040
Rank: 48 (Overall)
ICICI Pru Immediate Annuity Plan
1.8.2 Min Sum Assured (Variable)
Depends on Sun Assured Multiple, Age and Term of the plan
1.8.3 Max Sum Assured
IDBI Federal Lo..
₹ 50000000
Rank: 7 (Overall)
Kotak Gratuity Plus Group Plan
1.8.4 Max Sum Assured (Variable)
Not Applicable
1.9 Group Plan
No Money Back Insurance Plans Life insurance plans has it !
1.9.1 Group Type
Not Applicable
1.9.2 NEE Size
Metlife Group T..
Not Available
Rank: N/A (Overall)
Reliance Traditional Group Employee Benefit Plan
1.9.3 EE Size
Metlife Complet..
Not Available
Rank: N/A (Overall)
HDFC Group Term Insurance
2 Premium
2.1 Minimum Premium
2.1.1 Min Premium
Kotak Preferred..
₹ 18000
Rank: 54 (Overall)
HDFC Life Group Credit Protect Insurance Plan
2.1.2 Min Premium (Variable)
Depends on Mode of Premium
2.2 Maximum Premium
2.2.1 Max Premium
Metlife Traditi..
₹ 4244482
Rank: 11 (Overall)
HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana
2.2.2 Max Premium (Variable)
Not Applicable
2.3 Payment Options
Regular Pay
2.4 Regular Modes
Annual, Monthly, Payroll Savings Program, Quarterly
2.5 Top Up
Not Allowed
2.5.1 Top Up Value
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Pension Plus
3 Loan And Benefits
3.1 Loan
61% Money Back Insurance Plans Life insurance plans have it !
3.2 Surrender
98% Money Back Insurance Plans Life insurance plans have it !
3.2.1 Surrender Value
Maximum of Guaranteed Surrender Value and Special Surrender Value
3.3 Benefits
3.3.1 Tax
All Money Back Insurance Plans Life insurance plans have it !
3.3.2 Tax Benefit Amount
Applicable as per the tax laws
3.3.3 Service Tax
Not Applicable
3.3.4 Maturity
95% Money Back Insurance Plans Life insurance plans have it !
3.3.5 Maturity Benefit Amount
Maturity Sum Assured plus simple reversionary bonuses
3.3.6 Death
95% Money Back Insurance Plans Life insurance plans have it !
3.3.7 Death Benefit Amount
Can be chosen from the options
3.3.8 Annuity
No Money Back Insurance Plans Life insurance plans has it !
3.4 Bonus
Reversionary Bonus, Terminal Bonus
4 Provisions
4.1 Renewal
71% Money Back Insurance Plans Life insurance plans have it !
4.1.1 Renewal Period
Bajaj Allianz R..
2 years
Rank: 3 (Overall)
HDFC Life Group Unit Linked Pension Plan
4.2 Riders
4.2.1 Accidental Death
46% Money Back Insurance Plans Life insurance plans have it !
4.2.2 ADBR Description
Not Applicable
4.2.3 Critical Illness
22% Money Back Insurance Plans Life insurance plans have it !
4.2.4 CI Description
Not Applicable
4.2.5 Term Rider
20% Money Back Insurance Plans Life insurance plans have it !
4.2.6 TR Description
Not Applicable
4.2.7 Permanent Disability
29% Money Back Insurance Plans Life insurance plans have it !
4.2.8 PD Description
Not Applicable
5 Terms and Conditions
5.1 Grace Period
LIC Jeevan Raks..
15 Days
Rank: 2 (Overall)
HDFC Group Term Insurance
ADD ⊕
5.2 Free Look Period
Mera Term Plan
15 Days
Rank: 2 (Overall)
Reliance Online Term
ADD ⊕
5.3 Exclusion On Base Policy
Suicide Clause
5.4 Charges
5.4.1 Premium Allocation
5% Money Back Insurance Plans Life insurance plans have it !
5.4.2 Premium Allocation Charge
Not Applicable
5.4.3 Policy Administration
5% Money Back Insurance Plans Life insurance plans have it !
5.4.4 Policy Administration Charge
Not Applicable
5.4.5 Fund Management
5% Money Back Insurance Plans Life insurance plans have it !
5.4.6 Fund Management Charge
Not Applicable
5.4.7 Mortality
7% Money Back Insurance Plans Life insurance plans have it !
5.4.8 Mortality Charge
Not Applicable
5.4.9 Switching
Not Allowed
5.4.10 Switching Charge
Reliance Group ..
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.4.11 Partial Withdrawal
Not Allowed
5.4.12 Partial Withdrawal Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Aviva Live Smart Plan
5.4.13 Premium Redirection
Not Allowed
5.4.14 Premium Redirection Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.5 Group Members
5.5.1 Addition
Not Allowed
5.5.2 Deletion
Not Allowed
5.6 Medical Examination
54% Money Back Insurance Plans Life insurance plans have it !

Information on Metlife College plan

Metlife College plan is one of the Money Back Insurance Plans provided by PNB Metlife India Insurance. Claim settlement ratio for this insurance company is 93.00%. This policy cannot be bought online. To buy this plan, life insured has to be at least 20 years old as on his last birthday. Maximum entry age for this plan is: 45 years. Vesting age or maturity age for this plan is Not Available. Information on Metlife College plan policy term and returns can be found on details.

Payment Options for Metlife College plan Premium

Insurance premium is an amount that is paid to the insurance provider at regular or limited intervals or at once. Regular payment means that one pays premium (money you pay in exchange of life cover) throughout the policy term. Limited pay means that one pays premium only for a limited number for years say 3 to 5 years whereas single pay means that you pay premium at once. After maturity of some of the insurance plans, these premiums are returned to you along with additional bonus as policy gains. Metlife College plan Premium and gains are ways of investment for the life insured person. Payment options for Metlife College plan premium include: Regular Pay.

Metlife College plan Gains

Metlife College plan gains are the benefits that are available under the insurance policy. You can avail loan under this plan. If one is unable to pay premiums, some companies allow surrender of policy. The amount of money that you get back after you surrender your policy is known as surrender value. Metlife College plan assures guaranteed surrender value. Compare Metlife College plan and MET Pension (Par) to know the difference between gains of these plans. Tax benefit is applicable for this plan. When a policy has tax benefit, it means that the premiums you pay for that policy are eligible for deduction in tax returns and so is a part of the money you get at the end of policy term. Maturity benefit is provided by PNB Metlife India Insurance. This plan assures death benefit.

Provisions of Metlife College plan

Provisions of Metlife College plan include riders i.e. special clauses to consider the cases where the policy holder will not be able to pay premium. For example in case the life insured suffers disability due to some accident or in case of demise of the policy holder due to some accident. Special circumstances like the are covered in riders. In such conditions, these riders provide an option for you to surrender the policy and get back the money that you have paid in terms of premiums. Accidental Death is not applicable for this plan. Critical Illness cannot be availed under this policy. This insurance plan does not assure Term Rider. Permanent Disability is not applicable for this plan. Riders can sometimes be bought by paying additional premium.

  • Terms and Conditions:
  • Metlife College plan Terms and Conditions include grace period, free look period, etc. Grace period is the period where in the policy can be reinstated by paying the unpaid premiums. Grace Period available for this plan is of 15 Days. Free look period is the period where in you can return the policy if you are not satisfied with the terms and conditions of Metlife College plan. Free look period available for this plan is of 15 Days.

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