MetLife’s first online term insurance plan offering protection and convenience of coverage with the click of a button
MetLife India Insurance Company Limited (MetLife), one of India’s leading life insurance companies, today announced the launch of its first online term insurance plan – Met Protect, which is also the one of the ‘cheapest’ online insurance plan in the internet savvy age group of 21 – 45 years, available in the Indian market. Met Protect, a pure term insurance plan, allows the customer to avail an affordable life cover protection with a click of a button. Customers can login to www.metlifeonline.co.in to buy Met Protect. Met Protect is also the only plan available in the market that offers single and semi-annual premium payment option, amongst all the term products available online.
Speaking on the launch, Mr. Rajesh Relan, Managing Director, MetLife, said, “The use of Internet in India has transcended beyond information seeking and basic communication. People are increasingly using the internet route even for secure financial transactions. By launching Met Protect, we are taking yet another step to reach our customers and empower them to self-design their protection plan with least effort and time.”
“We are amongst the first movers within the Insurance industry to expand our distribution channels by adding the online route to deliver our products to the customers. This is part of our larger strategy towards increasing our distribution reach and enabling us to maximize the benefits in order to provide value to the customers.” He further added.
MetLife strongly believes in a multi-distribution approach for reaching customers across the length and breadth of the country. MetLife has over 55, 000 financial advisors, all of whom have gone through rigorous training to understand customer needs. Complementing the agency force of MetLife is the company’s bancassurance distribution channel offering MetLife’s range of products to MetLife’s bancassurance distributors’ 17 million customers.
About MetLife (www.MetLife.co.in)
MetLife India Insurance Company Limited (MetLife) is an affiliate of MetLife, Inc. and was incorporated as a joint venture between MetLife International Holdings, Inc., The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited and other private investors. MetLife is one of the fastest growing life insurance companies in the country. It serves its customers by offering a range of innovative products to individuals and group customers at more than 700 locations through its bank partners and company-owned offices. MetLife has more than 55,000 Financial Advisors, who help customers achieve peace of mind across the length and breadth of the country. For more information about MetLife, please visit the company’s website at www.MetLife.co.in.
MetLife, Inc., through its affiliates, reaches more than 70 million customers in the Americas, Asia Pacific and Europe. Affiliated companies, outside of India, include the number one life insurer in the United States (based on life insurance inforce), with over 140 years of experience and relationships with more than 90 of the top one hundred FORTUNE 500® companies. The MetLife companies offer life insurance, annuities, automobile and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions.