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MetLife Term Insurance

Unbeatable Prices
Instant Issuance
Worldwide Coverage
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250 K+

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AED 1 million life cover starting @50/month
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MetLife is known for providing insurance around the world. It provides its insurance products and services in more than 60 countries and has around 90 million customers around the world. The term insurance plan provided by MetLife helps you to secure your family’s monetary needs in case you are not around.

Buying term insurance is a must if you are the single bread earner of the family. You can pay the premium in the most affordable ways. The plan will provide high insurance coverage to the nominee in case of the death or disability of the policyholder. Let's learn more about the MetLife Term Insurance plan in detail.

List of MetLife Term Insurance Plans

Name of Plan

Key Features & Advantages

Future Protect life insurance Plan

  • Provides life coverage
  • Offers an option to select between a single life cover and a joint life cover
  • Maximum sum assured: USD 50 million
  • Provides investment opportunities to meet financial objectives
  • Option to customise investment strategy based on changing needs and market conditions
  • Minimum annual premium: USD 250
  • Offers partial withdrawal of funds or partial surrender
  • Optional coverage
  • Accidental death
  • Premium waiver due to death or disability
  • Critical illness
  • Permanent total disability or PTD
  • Pension benefits for a lifetime

Decreasing Term Insurance Plan

  • Provides life insurance cover for a specific time
  • Offers financial security at affordable rates
  • Option to select between single life cover and joint life cover
  • Maximum insurance cover: USD 50 million
  • Flexibility to customise insurance policy based on budget
  • Affordable premium (coverage benefit of USD 1 million at an annual premium of USD 900)
  • Optional coverage
  • Waiver of premium
  • Permanent total disability
  • Passive war risk

Live Life Insurance Plan

  • Life coverage benefit
  • Maximum insurance coverage: USD 50 million
  • Option to choose five years renewable plan (plan can be renewed by 5 years till you reach the age of 75)
  • Offers an option to convert a 5-year renewable plan to a whole life plan or endowment plan (can be done within the first 10 years of policy)
  • Tenure of the policy: 6 to 25 years
  • Flexibility to customise a plan
  • High coverage at an affordable premium
  • Policyholders can pay in AED, EURO, USD, or GBP
  •  Optional coverage
  • Critical illness
  • Premium waiver due to disability
  • PTD or Permanent total disability

Key Features of MetLife Term Insurance Plans

  • Add-on Rider Benefits: The policyholder has the option to add-on rider benefits to his/her basic plan. Additional benefits can be added based on requirements and budget.
  • Flexible Tenure of the Policy: The policyholders have the option to choose the tenure based on their needs.
  • Guaranteed Sum Assured: Metlife Term Insurance plan provides a guaranteed sum assured in case of the death of the policyholder.

Benefits of Buying a Term Insurance Plan from MetLife

  • Affordable Premium: MetLife is known for offering term insurance at economical premium rates. The policyholders can choose to pay their premium monthly/quarterly/semi-annually or annually.
  • High Coverage: The term insurance plans offered by MetLife provide a lump sum amount to the beneficiary in case the policyholder dies or gets disabled.
  • Customized Insurance Plan: The policyholders have the option to customise the term insurance plan according to their budget and requirements.

Eligibility for Buying MetLife Term Life Insurance Plans

Eligibility Criteria for Future Protect Life Insurance Plan:

Minimum age: 18 years

Maximum age: 65 years

Maturity age: 95 years

Required documents: Passport for expatriate applicants, bank statement, valid Emirati ID, salary slip and medical certificate

Eligibility Criteria for Decreasing Term Insurance Plan:

Minimum age: 18 years

Maximum age: 65 years

Required documents: Passport for expatriate applicants, bank statement, valid Emirati ID, Medical certificate and salary slip

Eligibility Criteria for Live Life Insurance Plan:

The eligibility age limit is determined by the tenure of the plan.

Tenure of the Plan

Eligibility Age Criteria

5-10

20-65

11

20-64

12

20-63

13

20-62

14

20-60

15

20-59

16

20-58

17

20-57

18

20-54

19

20-55

20

20-54

21

20-53

22

20-52

23

20-51

24

20-50

Required documents: Bank statement, valid Emirati ID, medical certificate, salary slip and passport for expatriate applicants

MetLife Term Insurance Plan Inclusions

  • Death Benefit: The beneficiary of the policy can claim death benefit in case the policyholder dies.
  • Joint Coverage Benefit: If the policyholder has a spouse, then he/she can cover his/her spouse as well under one policy.
  • Payment in Multiple Currencies: The policyholders have the option to pay the premium in multiple currencies. The insurance company accepts payment in USD, GBP, INR, AED, etc.

How to File a Claim for a MetLife Term Insurance Plan?

Before opting for buying any insurance plan, you should have an understanding of the process of claim settlement.

  • The first and foremost thing you need to do is to inform the insurance company about the death of the policyholder.
  • Fill out the claim form carefully.
  • Make sure that the beneficiary has the relevant documents ready to provide the insurance company such as document proof of the age of the policyholder and the title of the nominee.
  • Submit the claim form along with the documents to the claim department of MetLife Term Insurance UAE.
  • Once the insurance company will verify and review the documents, it will initiate the claim request.

Contact Details for Queries Regarding MetLife Term Insurance Plans

If you have any queries related to MetLife Term Life Insurance, then you can contact us at Tel: 1-866-492-6983

FAQs:

Q1. How much insurance coverage is provided by MetLife Term Insurance Plan?

Ans: The MetLife Term Insurance plan provides insurance coverage of up to USD 5 million.

Q2. Can I opt for joint life insurance coverage in my term insurance plan by MetLife?

Ans: Yes, you can opt for joint life insurance coverage or single life cover.

Q3. Can I convert my term insurance plan into another policy?

Ans: Yes, you can opt for converting your term insurance plan to a MetLife Term Life Insurance policy or endowment plan. However, make sure that you apply for conversion of policy within the first 10 years of the plan.

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