MetLife Live Life Now Plan

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MetLife, among the most prominent companies in the UAE insurance market, offers a multitude of plans to cater to the needs of its users. Among all the plans, the MetLife Live Life Now plan serves as an ideal plan for those seeking financial shelter for their loved ones. 

Let’s dive into this plan and explore its features, merits, eligibility criteria, the application process, claim procedure, and more.

MetLife Live Life Now Plan — An Overview

The MetLife Live Life Now Plan is a term life policy. It specifically offers financial protection to the insured’s dependents in scenarios when the former falls ill or passes away.

Additionally, MetLife Live Life Now is also suitable for the financial protection of businesses or employees. Note that this term life plan offers global coverage protection so that policyholders do not have to worry while travelling or residing in other countries.

Why Should You Opt for MetLife Live Life Now Plan?

Mentioned below are the key features and benefits of the MetLife Live Life Now policy —

Worldwide Coverage

This policy offers global coverage to the insured. Simply put, the policyholder does not have to worry regarding the validity of the plan in case of relocation to another country, barring sanctioned countries.

Level Benefit Plan

Level Benefit plan option is offered with the MetLife Live Life Now plan. It fundamentally means that the policy coverage amount remains fixed throughout the policy term.

Available in AED Currency

The MetLife term plan is available in UAE Dirham.

Flexible Policy Term

The provider has set 5 years as the minimum policy term and 30 years as the maximum policy tenure.

Loss of Life Benefit

This specific coverage is equal to the coverage amount, which is selected by the policyholder during the policy’s initial period.

Second Medical Opinion

With a second medical opinion, insured individuals can access renowned medical professionals. This service is also available at prominent medical centres in the USA for free. A respective medical practitioner evaluates the test results and provides suggestions and recommendations regarding the illness of the policyholder.

Provision of MetLife Discount Card

With this card, policyholders can get up to 30% discounts at specified UAE medical providers. The discount is also applicable to optical and dental treatments.

Availability of Optional Benefits

Individuals can opt for optional benefits provided within this plan. These add-ons are accelerated critical illness, coverage for 5 critical illnesses, and coverage for accidental loss of life.

Premium Payment Option

MetLife offers Regular Pay as the premium payment option.

Premium Payment Frequency

Policy buyers can select the intervals in which they want to pay their premiums. These include monthly, quarterly, semi-annually, and annual modes.

30-Days Free Look Period

MetLife offers a free-look period of 30 days after the policy issuance date. It is fundamentally a trial period during which the policyholder may cancel the plan.

Grace Period

The provider may grant a grace period of 90 days to the insured individual with respect to the premium payment. Within this period, the policy remains active.

What are the Inclusions of the MetLife Live Life Now Plan?

Mentioned below are the primary inclusions of the MetLife Live Life Now plan —

Accelerated Terminal Illness

A terminal illness is basically considered an incurable and advanced health condition, which results in loss of life within a period of 12 months. In such cases, MetLife pays the loss of benefit in advance.

Coverage for 5 Critical Illnesses

MetLife offers coverage against 5 critical illnesses as an optional benefit. These health conditions are cancer, stroke, brain tumor, coronary artery bypass surgery, and first heart attack.

Accelerated Critical Illness

It is an optional coverage in which policyholders can avail up to 50% of the basic life coverage selected up to a maximum of AED 183,500, in case they are diagnosed with the above-mentioned 5 critical illnesses.  

Accidental Loss of Life

For this add-on coverage, the same basic plan coverage amount is paid up to a maximum of AED 917,500. This benefit is doubled in case of Accidental Loss of Life in common carrier.

MetLife Live Life Now Plan — Exclusions

Under the mentioned circumstances, this MetLife term plan doesn’t provide coverage —

Suicide

Suicide within 2 years from the date of policy issuance is not covered.

War Acts

Total and permanent disability or loss of life due to acts of war are not covered. Note that it is applicable only if the policyholder has not opted for war risk coverage.

Country Specific Exclusions

The plan doesn’t provide coverage if the insured resides in sanctioned countries such as the Crimea region, Cuba, Iran, Syria, and North Korea.

MetLife Live Life Now Premium

The minimum annual premium for the MetLife Live Life Now plan is AED 734.

MetLife Live Life Now Policy Term as per the Eligibility Age

Term of Policy

Eligible Age (in Years)

Policy Term

Eligible Age (in Years)

5

21-60

18

21-47

6

21-59

19

21-46

7

21-58

20

21-45

8

21-57

21

21-44

9

21-56

22

21-43

10

21-55

23

21-42

11

21-54

24

21-41

12

21-53

25

21-40

13

21-52

26

21-39

14

21-51

27

21-38

15

21-50

28

21-37

16

21-49

29

21-36

17

21-48

30

21-35

Read More

MetLife Live Life Now: Fees

Tabled below are the policy fees of this MetLife plan — 

Frequency of the Premium

Fee (in AED)

Monthly

19.80

Quarterly

59.40

Semi-Annual

114.40

Annual

220

Note that the given fees are inclusive of the premium.

MetLife Live Life Now Coverage

The insurance provider has set the maximum coverage amount limit for the MetLife Live Life Now plan according to the age of the applicant. They are as follows:

Age

Maximum Coverage

21- 45 Years

AED 917,500

46- 55 Years

AED 550,500

56-60 Years

AED 367,000

Eligibility Criteria for Buying MetLife Live Life Now

Given below are the eligibility criteria for this MetLife term plan —

For Second Medical Opinion Coverage

Entry Age

21- 60 Years

Expiry Age

65 Years

For Critical Illness Coverage

Entry Age

21- 60 Years

Expiry Age

65 Years

For Accidental Loss of Life Coverage

Entry Age

21- 60 Years

Expiry Age

65 Years

What are the Documents Required for Obtaining the MetLife Live Life Now Policy?

For identity verification purposes, policy seekers are required to submit certain documents. Here is a checklist of some of the common documents —

  • Duly filled and signed application form
  • A valid proof of identity (e.g. National ID, passport)  
  • A valid proof of residential address (utility bills)
  • A valid proof of income (e.g. Salary certificate)
  • Previous 3 or 6 months’ bank statements
  • Medical reports

Note: The provider may ask for additional documents as per its requirements.

How to Apply for the MetLife Live Life Now Plan?

Applying for the MetLife Live Life Now plan is a convenient and swift process through the digital platform of Policybazaar.ae. Here are the steps to be followed for the same — 

  • Visit our website: Visit policybazaar.ae.
  • Search Term Insurance: Navigate to the ‘Term Insurance’ section from the homepage.
  • Fill in the Lead Form: Complete the lead form with accurate details to view suitable quotes.
  • Get Connected with a Representative: After successfully applying, one of our experts will get in touch with you and guide you through the remaining process. 

Here are some of the reasons why you should choose Policybazaar UAE to buy insurance —

  • You can find the best plans from the most eminent insurance companies across the country in one place.
  • Plans available on our website are curated to satisfy the requirements of each individual.
  • Irrespective of whether an individual buys MetLife Live Life in Dubai or another emirate, our customer support team is available for prompt assistance.
  • Policyholders can renew their existing policies without any hassle.
  • Our team of experts is always ready to provide claim assistance.
  • Those who wish to switch their current provider can do in just a few taps. 

How to File a Claim for MetLife Live Life Now Plan?

It is crucial to be aware of the MetLife Live Life Now policy claim process to avoid any later troubles. Here’s how to file a claim —

  • Notify the Provider: The primary step is to inform MetLife about the claim at the earliest.
  • Complete the Documentation: Download and fill out the claim form. Attach the required documents.
  • Submit the Documents: Submit the claim form along with the uploaded documents to lifeclaims@metlife.ae.
  • Evaluation of Claim Form: The insurer will evaluate the form and the documents.
  • Approval: Upon approval of the claim request, MetLife will initiate the claim process.
  • Payment: The claim amount is then disbursed to the beneficiary as per the policy guidelines.

It is mandatory to submit the stated list of documents to successfully carry out the claim process. Failing to submit the documents results in the rejection of the claim request. 

Here is a checklist of documents required to file a claim:

  • The claimant's Statement signed and completed by the beneficiary
  • Physician's Statement completed, signed, and stamped by the Physician who last attended the deceased or detailed medical report
  • Original Policy document
  • Copies of passports or ID cards of deceased and beneficiary
  • Complete address and telephone number of the beneficiary
  • Original death certificate
  • Police and Forensic reports in case the death was due to an accident

Note: Policyholders can get in touch with our representatives to get the relevant claim assistance. Our team can guide you through any queries, including hard-to-read policy claim terms and guidelines, required documents, claim-related updates, coordination with the insurer to ensure quick and swift claim processing, and other associated information.

Simply dial 042472904 and have a one-on-one conversation with our experts for claim assistance.

Let’s now jump onto some of the most frequently asked questions regarding MetLife Live Life Now

Is there a surrender and maturity benefit available in the MetLife Live Life Now plan?

No, these benefits are not included in this MetLife plan.

Are add-ons subject to yearly renewals?

No, policyholders cannot renew the optional benefits as they are not guaranteed plans. These plans may change in the future without any prior notice.

What are the available modal load premium frequency options?

Policyholders can pay premiums monthly, quarterly, semi-annually, and even annually.

Are there any free benefits included in the plan?

Yes, free benefits include accelerated terminal illness, second medical opinion, and issuance of the MetLife discount card.

Is the terminal illness coverage active throughout the policy tenure?

No, the coverage becomes valid after 12 months from the policy issuance date. It remains active till the end of the policy tenure.

What are the benefits of using a MetLife discount card?

Individuals can avail of 10 to 30% discounts on selected UAE medical providers.

How to cancel the plan within the free look period?

The policyholder can cancel the plan by writing to the MetLife customer service department.

Is there any provision for reinstatement of the MetLife Live Life Now policy?

Yes, in such cases, insured individuals can renew their policies within 3 years of the grace period expiration.

Reviews & Ratings

4.6 / 5 (based on   17,147 +google icon reviews)

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