Term Insurance Plan Online | Money Back Protection Plan - Family Income Protector Plus

Key Benefits of MetLife Family Income Protector Plus

  • 1

    Guaranteed monthly income

  • 2

    Freedom to choose benefits

  • 3

    Return of premiums

  • 4

    Tax Benefits


MetLife Family Income Protector Plus is a term assurance plan that gives you the flexibility of choosing your premium and monthly income. It provides protection against death during the policy term. You can also choose to get your premiums back at the end of the policy term.

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MetLife Family Income Protector Plus ensures

  1. Get guaranteed* monthly income up to 20 years for your family
  2. Receive 110% of your base premium paid back** at the end of the policy term
  3. Flexible monthly income options of Rs.10,000, Rs.25,000, Rs.50,000, Rs.75,000 & Rs.100,000
  4. Provide tax# savings at time of purchase and when monthly income is paid to your family.
    * Subject to all premiums being received in full and when due
    ** Only when Return of Premium option is selected at the time of purchase  
    # Tax benefits are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.

Product benefits

Death Maturity

In the event of death during the coverage term, your family will receive the monthly income amount selected by you.

Maturity Benefit

The term assurance plan premiums will be returned to you upon maturity. Up to 110% premium amount will be returned when you opt for the TROP (Term Cover & Term with Return of Premium) plan at the time of purchase of the policy.


Boundary Conditions

Min/Max Age at entry*

25 years – 60 years (55 for Policy term 20 years)

Max. age at maturity*

75 years

Monthly Income Options

Rs.10,000/-, Rs.25,000/-, Rs.50,000/- Rs.75,000/- & Rs.100,000/-

Plan options

Term Cover & Term with Return of Premium Option(TROP)

Premium paying options

Yearly, Half-Yearly, Monthly & PSP modes

Policy Term options

10 years

15 years

20 years

Benefit Payout Period

240 months

180 months

120 months

Min. Premium (Term)

Rs. 3,055

Rs. 2,780

Rs. 2,520

Max. Premium (Term)

Rs. 1,26,160

Rs. 1,33,590

Rs. 83,450

Min. Premium (TRoP)

Rs. 24,137

Rs. 11,852

Rs. 7,881

Max. Premium (TRoP)

Rs. 6,29,670

Rs. 3,67,170

Rs. 1,85,800

Min Sum Assured

14.20 lakhs

12.00 Lakhs

9.10 Lakhs

Max. Sum Assured

1.42 Crs

1.24 Crs

0.95 Crs

Terms & Conditions Download Brochure Premium Rates Form

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