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MetLife Bachat Yojna

What is the Plan all About?

MetLife Bachat Yojna is a non linked, participating endowment plan. The plan allows you to save systematically to fulfill the financial objectives set in your life through this affordable premium plan.The plan helps you to secure the financial protection of your loved ones in your presence and in your absence too.

What are the Key Features?

Enables long term savings

Cost effective insurance plan

Assured death and maturity benefits

Enjoy Terminal and reversionary bonus

Avail tax benefits under section 80C & 10 (10D)

What are the Plan benefits?

Death Benefit

TIn the event of death of the life insured during the policy term, the nominee will receive the death sum assured plus the accrued simple reversionary bonus. Death sum assured is higher of 10 times the annualized premium, minimum guaranteed sum assured on maturity, the absolute amount to be paid on death, or 105% of all premiums paid.

Maturity Benefit

Maturity benefit applicable if the life assured survives till the end of the policy term. The maturity benefit is equal to the base sum assured plus accrued simple reversionary bonus and terminal bonus,if any.


Applicable and the accrued reversionary bonus is payable on death or surrender or maturity claim amount. Reversionary bonus is expressed as a percentage of the base sum assured.Terminal bonus is payable only on maturity and is expressed as a % of accrued simple reversionary bonus.

Loan Benefit

The plan offers a loan facility which is 90%of the special surrender value of the policy at the end of the relevant policy year less any unpaid premiums for that year.

Revival Benefit

A lapsed policy can be revived upon written request, produces evidence of insurability and on payment of all overdue premiums within 2 years from the date of first unpaid premium.

Surrender Value

Surrender value is payable if first 3 years premium is paid. Surrender value will be higher of Guaranteed surrender value or special surrender value. For more details refer the policy brochure.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 20 Years 60 Years
Age at Maturity - 75 Years
Policy Tenure 15 Years -
Premium Paying Term 10 Years -
Premium Paying Mode Annually, Semi Annually and monthly -
Min Premium Rs 6,000-Yearly mode, Rs 10,000-Half Yearly mode, Rs 15,000-Monthly mode Rs 23,999
Sum Assured Rs 64,800 Rs 5 Lacs
Freelook Period 15 days from the receipt of the policy -
Grace Period 30 days / 15 days (for monthly mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

No additional riders are available with this plan.

Is the Plan, eligible for Tax Benefit?

Plan qualifies as per the provisions of the Income Tax Act,1961 for the tax benefits under Section 80C and 10 (10D).

How the Plan Works?

Let us understand the plan with the help of Raman’s example.

Raman bought MetLife Bachat Yojna for Sum assured of Rs 1 Lac for a fixed term of 15 years with the premium payment term as 10 years.

Scenario 1: Raman Survives the Policy Term

Raman will get the base sum assured on the completion of the term which is Rs 1 lac plus accrued simple reversionary bonus and terminal bonus and the policy comes to an end.

Scenario 2: Raman dies during the Policy Term

Raman’s nominee will receive a death benefit of Rs 1 lac plus accrued bonuses till death and the policy comes to an end.