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Bangalore , Feb.2

METLIFE, a private sector life insurance company, has launched its unit linked plans branded as Met Advantage and Met Smart. Met Advantage is a pension plan and Met Smart is a permanent insurance plan.

Briefing presspersons on the salient features of the pension product, Mr Venkatesh Mysore, Managing Director and Chief Executive, Metlife India Ltd, said Met Advantage offers up to six investment options to suit policy holder's risk and return profile. The investment portfolios for the unit linked plans would be constructed by Deutsche Asset Management, Mr Mysore said.

During the last calendar year, the company earned a premium of Rs 64 crore, which includes both new premiums as well as renewals. This year, it is targeting a premium of at least Rs 121 crore.

Group insurance covers, he said, contributed substantially to the premium growth. MetLife is also working for pushing up the premium growth on its mortgage-backed plans, particularly for housing loans.

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