PROTECTION PLANS

PROTECTION
PLANS
MetLife Protection Plans
Met Suraksha
Met Suraksha TROP
Met Suraksha Plus
Met Mortgage Protected Plus
Met Protect
SBI Life Plans
SBI Smart Shield
SBI Saral Shield
SBI Swadhan
Saral Shield Met Suraksha
SBI Life MetLife
Met Suraksha
A Non Participating Term Assurance Plan

Two Riders –
 Accidental Death Benefit and
 Critical Illness.
Saral Shield
A Traditional Non-participating Pure
Term Plan

Two riders-
 Accidental Death Benefit Rider and
Accidental Total and
 Permanent Disability Rider.
Similarity
Dissimilarity
Met Saral Shield
Suraksha
• Return of premium No benefits during
benefit during maturity.
Maturity

• 2 Type of policies:- 3 Type of policies:-

Term assurance (TA) • Term Assurance
Term assurance • Loan Protection
(TROP) • Family Income
Protection
 Met Suraksha Saral Shield

PPT options PPT options

• Single pay • Regular Pay
• Limited pay
• Regular pay

Guaranteed Guaranteed
Surrender value is Surrender value is
available available is not
available
Met Suraksha Saral Shield

No discounts. Specialpremium

discounts for women

No Sum Assured

rebates are
available Rebates are available
Working of the plans
1) DECREASING TERM ASSURANCE (LOAN PROTECTION)
– SBI Life
2) DECREASING TERM ASSURANCE (FAMILY INCOME
PROTECTION) – SBI life
3) Met Suraksha (TROP)– Metlife

 Mr. Arun, a 30 year old executive looking for a low cost

insurance plan
 Arun buys Met Suraksha with SA Rs. 5,00,000.
 Annual premium payment is 4645.
 Death benefit is Rs. 5,00,000
 Survival benefit is Rs. 75,323
Thank you