Life is for growing and growth requires money so we bring you a life insurance policy which makes your money grow! Unit-Linked Insurance Plans (ULIPs) ensure systematic enhancement of your wealth. Be it higher returns or the right blend of protection and wealth optimization, they help you ensure the right choice and peace of mind.
Get the best of both worlds, Protect your family as your money grows with Met life’s Investment Plans.
MetLife offers ‘Met Smart Plus‘ – a Unit-Linked Whole life plan that matures at age 100. You want to protect your family from life’s uncertainties; at the same time, you wish insurance would yield higher returns on your investments. You want your insurance policy to help realize all your dreams.
Met Smart Plus is our answer for your search.
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER
BENEFITS
Death Benefit
In the unfortunate event of death, the higher of the Sum Assured or the Fund Value would be payable. If death of the Person Insured occurs before age 7, the Fund Value is payable.
Maturity Benefit
On maturity, you will receive the Fund Value.
ADVANTAGES
1. Whole Life Policy that provides life cover protection up to age 100.
2. In the event of death, both the Sum Assured as well as the Fund Value are payable.
3. Option to choose different Sum Assured multiples* from 5 times to 110 times the annual premium.
4. Offers choice of seven investment fund options to suit your risk/return profile.
5. Allows access to cash anytime after three years to meet your financial requirements.
*Depends on the age of the customer
FEATURES & ELIGIBILITY
| Entry Age (in completed years) | Min – 0 years (3 months to be completed)
Max – 70 years |
| Maturity Age | 100 years |
| Premium Payment Term | Regular |
| Minimum Annualized Premium | Rs. 12,000 |
| Minimum Basic Sum Assured | Rs. 60,000 |
| Premium Payment Modes | Monthly, Quarterly, Half-yearly, Yearly |
Riders
You can further customize your policy by availing the following riders at the time of purchasing the policy.
MetLife, wants their customers to get the maximum out of their lives. Be it in terms of making their dreams come true or getting the best out of their insurance plan. With this in mind, we created MetMore which allows you to customize your life insurance plan. So that it can be tailored to meet the unique needs of you and your family members. MetMore offers you a choice of riders which are optional contracts that allow you to enjoy additional benefits. They are always attached to the basic policy at the time of purchasing it, and cannot be bought separately or independently. Each rider comes with its own premium rates and separate policy conditions. The premium, nature and characteristics of the rider are based on the base policy to which the rider is attached.
So go on, get more out of life.
Accidental Death Benefit – Death caused due to an accident is one of the most unexpected and painful of all causes of deaths. Due to the high unpredictability of this form of mishap, the benefits offered by the Accidental Death Benefit Rider become all the more important and relieving.
This Rider provides for the payment of an additional amount should death occur as a result of an accident by outward violent and visible means before age 60 years.
Death of the Life Insured must occur within 180 days from the date of the accident.
| Minimum Entry | 15 years |
| Maximum Entry | 55 years |
| Maximum age at maturity | 60 years |
| Minimum Sum Assured | Rs. 50,000 |
| Maximum Sum Assured | Rs. 10, 00,000 or base Sum Assured whichever is lower. |
Death Benefit
In the unfortunate event of death due to an accident the Rider Sum Assured is paid and the policy is terminated.
Critical Illness Rider – No one likes to think about the possibility of suffering a critical illness like cancer, heart attack and stroke etc. It is something that many of us assume will not happen to us. In the daily grind of activities, one ends up never being prepared for such an eventuality. Metlife offers a ‘Critical Illness Rider’ which provides payment of an additional amount on the diagnosis of as many as 10 critical conditions. You can have the money to pay for the illness when you need it rather than after the treatment is over, Thus helping you protect yourself against any health or lifestyle risk.
1. Insured critical illness conditions.
2. Heart attack.
3. Stroke.
4. Cancer.
5. Surgery to coronary arteries.
6. Kidney failure.
7. Major organ transplant.
8. Aorta surgery.
9. Blindness.
10. Heart valve replacement.
11. Paraplegia.
Waiting Period – No amount will be payable under this benefit in respect of critical illness diagnosed within a period of 90 days from the date of issue or reinstatement of the policy.
Survival Period – The benefit amount under this rider is payable only if the insured survives for the period of at least 30 days from the date of diagnosis of the insured critical illness.
Termination of the Critical Illness Rider
The riders will terminate on the earliest of any one of the four mentioned below:
1. On diagnosis of the critical illness within 90 days from the issue date or reinstatement of the policy.
2. Lapse, surrender, conversion of the base policy into paid up insurance.
3. The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.
4. The date of first occurrence of the event on which benefit becomes payable.
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