9.

3 PROSPECTS OF AGRICULTURAL INSURANCE The farming community in India consists of about 121 million farmers of which only about 20 per cent avail crop loans from financial institutions and only three fourth of those are insured. The remaining 80 per cent (96 millions) are either self-financing or depend upon informal sources for their financial requirements. Most of the farmers are illiterate and do not understand the procedural and other requirements of formal financial institutions and, therefore, shy away from them. Therefore, while the institutional loanees are insured compulsorily under the NAIS, only about 15 per cent of the non-loanee farmers avail insurance cover voluntarily. This is quite indicative of the enormous insurance potential that exists for addressing the needs of the farming community and enhancing the overall efficiencies as also the competitiveness of the agriculture sector. This also signifies the tremendous potential of agriculture insurance in the country as a concept, which can mitigate the adverse impacts that such uncertainties would have on the individual farmers.

RURAL INSURANCE | MET VISHWAS | MET LIFE | BENEFITS | ADVANTAGES | FEATURES & ELIGIBILITY
India is predominantly an agricultural country so it becomes important to insure its agricultural heritage. Farmers are the cultivators of healthy India. Rural Insurance is the answer to all the needs of agricultural and rurally based Businesses. None of us can be sure what tomorrow will bring. Shield your families against the unknown. MetLifes rural plans protect your loved ones against financial liabilities and help you save for tomorrow. All at affordable premiums.
MetLife offers Met Vishwas, - a single premium, micro insurance, non- participating term assurance plan which provides you life cover at a nominal cost. On survival, you get 110% or 125% of the premium. BENEFITS

Death Benefit
In the event of death of the Person Insured the Sum Assured is payable.

Maturity Benefit
On surviving the Coverage Term, you receive: 1. 110% of the single premium paid for a 5 year coverage term. 2. 125% of the single premium paid for a 10 year coverage term.

Guaranteed Surrender Value

In case of any emergency, should you need to surrender your policy early, you will get surrender benefits as per table below:

Policy

Percentage of Single

Percentage of single premium

Year

Premium payable as payable as Surrender Benefit Surrender Benefit (10 year coverage term) (5 year coverage term) 60% 70% 80% 90% 100% 60% 65% 70% 75% 80% 85% 90% Not applicable 100% 110% 120%

1 2 3 4 5 6 7 8 9 10

The policy terminates upon the payment of surrender value. ADVANTAGES

1. Affordable protection. 2. All your money back and more on surviving the coverage term. 3. Convenience of paying just once.

FEATURES & ELIGIBILITY

Minimum Entry Age Maximum Entry Age Maximum Maturity Age Minimum Sum Assured Maximum Sum Assured Policy Term Premium Paying Terms 18 years 60 years 70 years Rs. 5,000 Rs. 50,000 5 or 10 years Single Pay

RURAL INSURANCE | MET SUVIDHA (RURAL) | MET LIFE | BENEFITS | ADVANTAGES | FEATURES & ELIGIBILITY
India is predominantly an agricultural country so it becomes important to insure its agricultural heritage. Farmers are the cultivators of healthy India. Rural Insurance is the answer to all the needs of agricultural and rurally based Businesses.

None of us can be sure what tomorrow will bring. Shield your families against the unknown. MetLifes rural plans protect your loved ones against financial liabilities and help you save for tomorrow. All at affordable premiums. Met Suvidha (Rural) is a participating flexible Endowment Plan that combines savings and security. In addition to providing you protection up to maturity, it helps you save for your specific long term financial objectives. This long term savings-cum-protection plan comes to you at affordable premiums. BENEFITS Death Benefit Met Suvidha Par In the event of death during the term of the policy, the beneficiary will receive the base Sum Assured, the accrued reversionary bonus and terminal bonus if any. Maturity Benefit Met Suvidha Par On maturity of the policy, you will receive the base Sum Assured, the accrued reversionary bonus and terminal bonus if any. Bonuses Bonuses are available only on participating policies. The bonuses are not guaranteed as they are based on the Companys actual investment returns, persistency and expense experience. No bonus is payable for the first 2 years of the policy. ADVANTAGES 1. It is an Endowment plan that offers both savings and life insurance. 2. Flexible premium paying options to suit various income cycles. 3. A plan which participates in the bonuses declared by the company. 4. Customization possible with Accident Death Benefit, Critical Illness, Term, Waiver of Premium Riders for comprehensive protection. FEATURES & ELIGIBILITY

Minimum Entry Age Minimum Sum Assured Maximum Sum Assured Term Premium Paying Terms

15 years 60 years Rs. 5,000 Rs. 74,000 15 years 30 years Single Pay, Limited Pay (5 or 10) & Regular Pay

Minimum Annual Premium Rs. 173 Amount

RIDERS

MetLife, wants their customers to get the maximum out of their lives. Be it in terms of making their dreams come true or getting the best out of their insurance plan. With this in mind, we created MetMore which allows you to customize your life insurance plan. So that it can be tailored to meet the unique needs of you and your family members. MetMore offers you a choice of riders which are optional contracts that allow you to enjoy additional benefits. They are always attached to the basic policy at the time of purchasing it, and cannot be bought separately or independently. Each rider comes with its own premium rates and separate policy conditions. The premium, nature and characteristics of the rider are based on the base policy to which the rider is attached. So go on, get more out of life. Accidental Death Benefit Death caused due to an accident is one of the most unexpected and painful of all causes of deaths. Due to the high unpredictability of this form of mishap, the benefits offered by the Accidental Death Benefit Rider become all the more important and relieving. This Rider provides for the payment of an additional amount should death occur as a result of an accident by outward violent and visible means before age 60 years. Death of the Life Insured must occur within 180 days from the date of the accident.

Minimum Entry Maximum Entry Maximum age at maturity Minimum Sum Assured Maximum Sum Assured

15 years 55 years 60 years Rs. 50,000 Rs. 10, 00,000 or base Sum Assured whichever is lower.

Death Benefit In the unfortunate event of death due to an accident the Rider Sum Assured is paid and the policy is terminated. Critical Illness Rider No one likes to think about the possibility of suffering a critical illness like cancer, heart attack and stroke etc. It is something that many of us assume will not happen to us. In the daily grind of activities, one ends up never being prepared for such an eventuality. Metlife offers a Critical Illness Rider which provides payment of an additional amount on the diagnosis of as many as 10 critical conditions. You can have the money to pay for the illness when you need it rather than after the treatment is over, Thus helping you protect yourself against any health or lifestyle risk. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Paraplegia. Insured critical Heart illness conditions. attack. Stroke. Cancer. arteries. failure. transplant. surgery. Blindness. replacement.

Surgery Major

to Kidney organ Aorta Heart valve

coronary

Waiting Period No amount will be payable under this benefit in respect of critical illness diagnosed within a period of 90 days from the date of issue or reinstatement of the policy.

Survival Period The benefit amount under this rider is payable only if the insured survives for the period of at least 30 days from the date of diagnosis of the insured critical illness. Termination of the Critical Illness Rider The riders will terminate on the earliest of any one of the four mentioned below: 1. On diagnosis of the critical illness within 90 days from the issue date or reinstatement of the policy. 2. Lapse, surrender, conversion of the base policy into paid up insurance. 3. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier. 4. The date of first occurrence of the event on which benefit becomes payable. Waiver of Premium Rider Waiver of Premium (WOP) Rider is an additional offering which can be purchased by paying a nominal extra premium over and above the base premium. The WOP rider ensures that a policyholders future due premiums are waived off. In case of total and permanent disability of the life assured due to accident by outward, violent or visible means, this rider allows premium on base policy and attached riders, if any, to be waived. Total and permanent disability means that at the time at which disability starts or any time thereafter, the life assured can never be capable of doing something to earn wages, compensation or profits. The total disability should last for at least 6 consecutive months. There is no disability cover during the first 6 months of the policy. The Premium rider will be terminated on the earlier of: 1. The end of the grace period of the first unpaid premium. 2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier. 3. Death of the life assured. Term Rider This is an additional benefit that can be attached to the life insurance coverage to enhance the death cover on your policy. The term rider allows the payment of an additional amount should death of the life insured occur before 60 years. You can match your changing needs (risk protection) and buy additional insurance at a low cost. The Term Rider will be terminated 1. The end of the grace period of the first unpaid premium. on the earlier of:

2. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier. 3. Death of the life assured.