Met Junior Money Back

MetLife offers 'Met Junior Money Back' - a money back plan that combines savings and security. Your child's well-being is your highest priority. So we offer you a money back plan which provides guaranteed periodic survival benefits at the end of 5, 10 & 15 years, along with guaranteed growth of your savings.

A plan which offers both timely and efficient "return on investment" with payouts at different milestones.

Coverage Term
	Par	Non Par
Minimum Entry Age of the Child	0 years	0 years
Maximum Entry Age of the Child	14 years	14 years
Coverage Terms	20 years	20 years
Premium Payment Terms	20 years	20 years
Minimum Premium	Rs. 5,000	Rs. 5,000
Minimum Sum Assured	Rs 50,000	Rs 50,000
Maximum Sum Assured	No Limit (subject to underwriting)	No Limit (subject to underwriting)
Riders Not Available.

Death Benefit
In the event of death of the Person Insured, the Sum Assured along with the Guaranteed Additions are payable.

The policyholder is entitled to Guaranteed Additions of Rs. 100/ per Rs. 1000/- Sum Assured for each completed year.

If death occurs before age 7, then the Death Benefit is equal to the return of premiums plus interest on premiums.

Maturity Benefit
On maturity, the Life Insured will receive the Survival Benefits plus the Guaranteed Addition.

Survival Benefit

At the end of 5 years	20% of Sum Assured
At the end of 10 years	20% of Sum Assured
At the end of 15 years	20% of Sum Assured
Upon survival to maturity	40% of Sum Assured plus total Guaranteed Additions

1. Guaranteed Survival Benefit: Payment of 20% of Sum Assured every year starting from 5th year up to maturity.

2. Guaranteed Maturity Benefit:
- Guaranteed payment of 40% of Sum Assured.
- Guaranteed addition of 10% of Sum Assured every year up to maturity.

3. Guaranteed Death Benefit: Guaranteed payment of Sum Assured along with guaranteed additions (accrued till that time). This is paid over and above the survival benefit payments made already.

4. *Tax Benefits as applicable under Section 80 C, 10(10D).