For the first time, MetLife is introducing a policy called MetLife Endowment Growth which is a combination of financial growth and insurance protection where our policyholder can possibly get higher amount due to investment in the equity market. In this policy, investment and post-investment decisions will be taken by professional fund manager. This equity backed product has been designed in such a way that you have the possibility of getting higher maturity amount. There are also other benefits including long term protection and reversionary and terminal bonus.
MetLife Endowment – Growth
Opportunity to choose long term financial security from various policy terms
Available policy terms for MetLife Endowment-Growth are 16-20 years, 25 years and 30 years
Reversionary and Terminal bonus at maturity or on death claim of the insured during covered tenure
There are two types of bonus in this policy: Reversionary bonus and Terminal Bonus.
The reversionary bonus (if declared) for each year during the policy term will be paid on maturity or for the period applicable on death of the insured. Reversionary bonus is calculated on the face amount of the policy. If the policy is surrendered before maturity then only the cash value of reversionary bonus is payable.
The rate of terminal bonus depends on the investment yielding rate of existing market, stock market performance and the performance of company's participating fund which are variable( might increase or decrease).
Possibility of higher return due to equity based fund management
Equity market based fund management: A major change in MetLife Endowment Growth has been brought through investment in equity market. A portion of the fund of Endowment Growth will be invested in equity market. All investment decisions will be taken by professional fund manager.
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