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 Easy‘- a simplified unit-linked plan which offers you an opportunity to systematically build wealth and protection for you and your family.With Met Easy, you’ll be sure to agree with us when we say, ‘financial planning was never so simple’.
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER
BENEFITS
Death Benefit
In the event of death:
In the 1st Policy Year: Higher of 50% of the Sum Assured or the Fund Value is payable.
After the 1st Policy Year: Higher of 100% of the Sum Assured or Fund Value. If death of the Person Insured occurs before age 7, the Fund Value plus the Regular Premium received by us in the first policy year is payable.
Maturity Benefit
On maturity, you will receive the Fund Value including the Loyalty Addition or you can opt for the settlement options.
Loyalty Additions
With Met Easy, you get the benefit of potentially enhancing your wealth creation with loyalty additions that are added to your policy on maturity. The loyalty additions are as follows:
| Coverage Term | Policy Anniversary Date | Loyalty Additions |
| 10 years | 10th policy anniversary date | 25% of the net average regular premium |
| 15 years | 15th policy anniversary date | 100% of the net average regular premium |
| 20 years | 20th policy anniversary date | 150% of the net average regular premium |
Net Average Regular Premium = (Total amount of all regular premiums paid till the due date of credit of loyalty additions less partial withdrawals made in preceding 24 calendar months from the due date of credit of the loyalty additions)/ number of completed policy years.
Total and Permanent Disability
In case of a total permanent disability caused due to an accident, 100% of the Sum Assured or the Fund Value, whichever is higher, is paid immediately and the policy ceases to exist.
ADVANTAGES
1. Long Term wealth creation with the help of loyalty additions payable at maturity.
2. Ease of Purchase – Sum Assured of up to 30 Lakhs* without the requirement of any
medical checkup.
3. Life insurance benefit with guaranteed Sum Assured of up to 120 times the monthly premium.#
4. Guaranteed benefit in case of a total and permanent disability caused due to an accident.
5. Up to 150% of net average regular premium is paid as Guaranteed Additions.
* For a healthy individual, up to 40 years of age.
#For a healthy male life, when the regular premium is paid in the monthly mode for a 20 year coverage term.
FEATURES & ELIGIBILITY
| Coverage Term | |||
| 10 years | 15 years | 20 years | |
| Minimum Age at Entry | 8 | 3 | 0 (3 months to be completed) |
| Maximum Age at Entry | 55 | 50 | 50 |
| Minimum Premium | 20,000 | 15,000 | 12,000 |
| Maximum Premium | 6,00,000 | 4,00,000 | 3,00,000 |
| Sum Assured | 5 times the annualized regular premium | 7.5 times the annualized regular premium | 10 times the annualized regular premium |
| Premium payment modes | Yearly, Half-yearly, Quarterly, Monthly | Yearly, Half-yearly, Quarterly, Monthly | Yearly, Half-yearly, Quarterly, Monthly |
| The maximum Sum Assured available in this product is based on your age, at the time of buying the policy, and is as follows: | |
| Age at Entry | Maximum Sum Assured |
| Up to 40 years | 30,00,000 |
| 41-50 years | 15,00,000 |
| 51-55 years | 2,00,000 |
| |
|
RIDERS
No riders are available.
| Coverage Term | |||
| 10 years | 15 years | 20 years | |
| Minimum Age at Entry | 8 | 3 | 0 (3 months to be completed) |
| Maximum Age at Entry | 55 | 50 | 50 |
| Minimum Premium | 20,000 | 15,000 | 12,000 |
| Maximum Premium | 6,00,000 | 4,00,000 | 3,00,000 |
| Sum Assured | 5 times the annualized regular premium | 7.5 times the annualized regular premium | 10 times the annualized regular premium |
| Premium payment modes | Yearly, Half-yearly, Quarterly, Monthly | Yearly, Half-yearly, Quarterly, Monthly | Yearly, Half-yearly, Quarterly, Monthly |
| The maximum Sum Assured available in this product is based on your age, at the time of buying the policy, and is as follows: | |
| Age at Entry | Maximum Sum Assured |
| Up to 40 years | 30,00,000 |
| 41-50 years | 15,00,000 |
| 51-55 years | 2,00,000 |
| Riders Not available under this plan. |
|
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Tags: INVESTMENT PLANS, Life Insurance, MET EASY, MET SMART GOLD, MET SMART PLUS, MET SMART PREMIER, ULIP, ULIPS, UNIT-LINKED PLANS