Corporate-MetGroupLife ELDI

MetLife offers ‘Met Group Life in lieu of EDLI’ - a group life insurance policy that can be taken for employees who are covered under Employee’s Provident Fund and Miscellaneous Provision’s Act, 1976 in lieu of the mandatory EDLI. It is a highly convenient product that provides cover against death and protects the family. It helps meet the EDLI objectives while providing higher coverage.

Entry Age (in completed years)	Min – 18 years Max – 69 years
Maturity Age	Max – 70 years
Sum Assured	Min – Rs. 2,000 above PF balance based on notional PF balance Max – Rs. 2,50,000
Premium	Min – Rs. 5,000 per annum
Coverage Term	1 year (life basis), can be renewed
Premium Payment Term	Regular
Premium Payment Modes	Annual, Semi-Annual, Quarterly, Monthly
Riders Group Accidental Death Benefit Rider Met Group Riders

Death Benefit
100% of the sum assured on death.

Maturity Benefit
There are no survival or maturity benefits associated with this product.

Surrender Benefit
There is no surrender benefit associated with this product.

1. More efficient way to meet the statutory EDLI requirement

2. Protection for family of the employee

3. Cheaper than an individual life cover

4. Tax benefits to employer, but not treated as perquisite in the hands of the employee

5. No medical requirement

6. Strong retention tool for employers

7. Flexible payment modes

8. Optional rider benefit