Met Smart One | Eligibility | Product Benefits

MetLife understand that your hard earned money should work equally harder for you. Hence we bring to you Met Smart One, which is investment cum protection single premium plan which along with its various investment management options facilitates accelerated wealth creation with Loyalty additions.

Eligibility –

Boundary Conditions	Eligibility Criteria
Minimum Age at Entry(LBD)	0 years (3 months)
Maximum Age at Entry(LBD)	65 years
Minimum/Maximum Age at Maturity	18/75 years
Policy Term	10-20 years
Minimum Premium	18,000
Maximum Premium	500,000
Sum Assured Multiple	5 times of SP in the First Policy Year & 1.25 times of SP for the remaining term of the Policy
Premium Payment Modes	Single

Product Benefits –

Death Benefit
In the ill-timed event of your demise, while the policy is in force & before the maturity date, your nominee will get the following death benefit

i) If the death of the Person Insured occurs before the attainment of age 60:
The death benefit payable will be higher of
- The Single Premium Fund Value (the value of units pertaining to Base Premium Account), or
- The Base Sum Assured less all Partial Withdrawals (excluding any withdrawals made from Top-Up Premium Account), made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured, or
- 105% of the total Single Premium paid .

ii) If the death of the Person Insured occurs on or after the attainment of age 60:
The death benefit payable will be higher of
- The Single Premium Fund Value (the value of units pertaining to Base Premium Account) or
- Base Sum Assured less all Partial Withdrawals (excluding any withdrawals made from Top-Up Premium Account) made in accordance with the Partial Withdrawal provisions, during the last 24 months immediately preceding the date of death or all Partial Withdrawals made in accordance with the Partial Withdrawal provisions post attainment of age 60, whichever is higher or .
- 105% of the Single Premium paid.

In addition to any of i) or ii) above, and provided Top-Up Premiums are paid the higher of the below shall be payable.
- The Top-Up Fund Value (the value of units pertaining to Top-Up Premiums) or
- Top-Up Sum Assured (less any Partial Withdrawals from Top-Up Fund Value, as per partial withdrawal provisions before and after age 60, as stated above)
- 105% of the total Top-Up Premiums paid

Maturity Benefit

Maturity Benefit & Settlement Option
On maturity of the policy you will receive the Total Fund Value as on the maturity date. If you wish to defer your maturity proceeds, you may choose to do so with the Settlement Option.

Reasons to Buy –

1. Pay once and enjoy the policy benefits for the chosen term.

2. NAV Guarantee Fund for Guarantee returns.

3. Unique Stop Loss Option to protect you from market downswings.

4. A unique auto rebalancing option to help you capitalize on volatile market conditions.

5. Enhanced protection with riders.

6. Tax Benefits as applicable.

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Tags: Met Life Insurance, Met Smart One