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MetLife offers Met Group Life - a group life insurance policy. It is a highly convenient product that provides cover against death and protects the family.
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Group Accidental Death Benefit RiderGroup Accidental Permanent Total Disability RiderGroup Accidental Permanent Partial Disability RiderGroup Critical Illness Rider AdditionalGroup Critical Illness Rider AcceleratedMet Group Riders
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100% of the sum assured on death.
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1. Protection for family of the employee2. Cheaper than an individual life cover3. Tax benefits to employer, but not treated as perquisite in the hands of the employee4. Hassle-free implementation because of availability of free cover limit5. Strong retention tool for employers6. Flexible payment modes7. Option to convert to individual coverage when an employee leaves the organization8. Additional cover for self and family on participatory basis9. Optional rider benefit
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- Allows you to provide financial security to the families of your employees at a minimal cost.- Premium payable is eligible as approved business expenses for income Tax purposes.- Uniform business expenses to cover fluctuating mortality risk of the employees.- Serves as a strong retention tool and a loyalty building measure.- Hassle-free implementation because of the availability of free cover limit for each group.- Profit sharing arrangement based on favorable experience as per IRDA guidelines.- Flexible premium paying modes- Annual, Semi-annual, Quarterly or Monthly.m
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- Financial Security to family and dependents.- Easy enrolment process with no medical underwriting up to free cover limit.- Cheaper than individual coverage.- Premium paid by the employer will not be treated as perquisite to the employee.- Face amount is not taxable in the hands of the beneficiary.- Option for converting from Group Coverage to individual Coverage available when an employee leaves the organization.- Additional cover on a contributory basis subject to minimum participation levels.- Spouse and childrenÆs cover subject to minimum participation levels.
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