MetLife India Insurance has announced the launch of two customized plans—Mangalyam and Harishri—for the customers of Dhanalakshmi Bank. Both plans will offer unit-linked insurance and savings options.
Mangalyam will enable parents to organize weddings as they choose for their daughters. Harishri extends the feeling of financial security for parents as it enables them to save resources for meeting their children’s higher education expenses. The annual expenses work out to 5%-6% for the full life of the policy. In addition to providing liquidity to meet critical expenses for children, both the Mangalyam and Harishri plans of Met Smart Plus provide life insurance to the parents till 99 years of age.
MetLife has a bank assurance tie-up with four banks—UTI Bank, J&K Bank, Karnataka Bank and Dhanalakshmi Bank.