Rewrite Met Suraksha TROP is a variant of Met Suraksha, which is a pure term insurance plan. This plan gives back the premiums that are paid by the policyholder to the company on the maturity of the policy provided that the life insured survives the entire policy term. Thus, if the life insured dies within the policy term, the nominee would get the Sum Assured and if he doesn’t, then the premiums paid by him to secure cover is returned to him on maturity.
Death Benefit
In the event of the death of the Person Insured, the Sum Assured is payable.
Maturity Benefit
On maturity of the policy, you receive the total of all premiums plus the Guaranteed Additions. The Guaranteed Additions are equal to 10% of premiums (including policy fee) paid (and excluding extra premiums and rider premiums if any).
Tax Benefits
Section 80C, 10(10D) of the Income Tax Act, 1961 would apply. Premiums paid for Critical Illness Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.
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