MetLife launches new retirement plan
Quotes

MetLife launches new retirement plan

Last Updated: Monday, March 05, 2012, 18:25
 
 Comment 1
 
MetLife launches new retirement plan
New Delhi: MetLife India Insurance Company Monday launched a new retirement plan, which provides financial protection as well as gives guaranteed monthly income.

Under the Met Deferred Monthly Income Plan, one can pay for either five or seven years and avail guaranteed retirement monthly income for upto 20 years, a company release said.

The monthly income paid under the plan is tax free.

The plan also has a feature wherein in case of an unforeseen event of death, immediate lump sum amount is paid while guaranteed monthly income continues as planned irrespective of the number of premiums paid.

Pension products represented for 28 percent of insurance market till September 2010. Though regulatory changes have affected the market for these products, the customer demand remains there for such insurance solutions and the new plan would meet these requirements, the company said.

PTI


First Published: Monday, March 05, 2012, 18:25


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved