HI,
recently when I wanted to have an insurance to cover up my home loan I was faced with many questions and doubts. I am an investor in mutual fund but ULIPs I had a doubt that they will suck all your money which you pay as premiums. But after taking a huge home loan I had to go for this rather than the conventional endowment policy which I had to pay for more than 15 years of 20K premium for a sum assurance of 5lac. But in metlife trhey have a ULIp policy called SMAT PLUS where they give max of 80-90 times the premium as sum assured. For ex if you pay a yearly premium of 25K then sum assured will be 22.5lac. This is worth a policy to check out and u will have to pay for 3 years(25K) and the life will be covered upto 90yrs. If someother happens to the insurere then the sum assured of 22.5 lac will be give to the nominee and also the units wat u get for 25k for 3 yrs. This is a wonderful policy and I fell people can go for this.
The thinsg is like about this insurance company are
Pros:
-> efficient call center for support
->low cost
-> simple payment options - they appear to have centers quite widespread and hence easy to drop cheques for payment
-> website provides good online access to the policy although at this time there is no online payment option available