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Met Life India Insurance Company Ltd.

Met Life India Insurance Company Ltd. is a joint venture between MetLife International Holdings, Inc., The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited, and other private investors.

The company started its operations in April 11, 2001 with the corporate office at Bangalore in India.
 
The company offers life insurance plans for individuals, employees as well as group insurance policies.

 

6 Insurance product available
Money Back Insurance
  • Provides life insurance covers for specified periods
  • Policy holder receives tax-free, fixed proportions of the sum assured at regular intervals or an option to re-invest
  • Policy holder receives lump sum payment on surviving maturity date
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Pension
  • Provides for stable income in post-work life
  • Helps policy holder to remain financially independent post-retirement
  • Tool for systematic retirement planning
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ULIP Insurance
  • Protection tool with an investment option attached
  • Policy holder can choose from funds such as equity, debt, bonds, or a combination
  • Insurers offer partial withdrawals options
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    Term Insurance
    • Pure risk cover plan with no survival benefit
    • Protection tool against the uncertainties of life
    • Cheapest life insurance product
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    Endowment Insurance
  • Protection tool with savings option
  • Sum assured plus bonus accrued paid in the event of death of the insured or at maturity
  • With-profits plan that participates in the profits of insurer's life insurance business
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    Whole Life Insurance
    • Provides financial cover against death through out the life time of the insured
    • Estate tool for legal heirs
    • Sum assured paid on death of the insured or on if the insured survives a pre-determined age
    • Policy holder not entitled to any payout during the tenure of the policy
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