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MetLife offers 'Met Growth' - a Unit-Linked solution to help you plan for your golden years. It is specially designed to provide financial security for your future requirements. This plan allows you to start planning immediately by ensuring the safety of your first year premiums. It also helps create your retirement fund faster by giving you 100% allocation from the second year onwards, coupled with attractive loyalty additions into your fund.
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Accidental Death Benefit RiderCritical Illness Rider
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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 plus the regular premium received by us in the first policy year is payable.
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On maturity, you will receive the Fund Value including the Guaranteed Loyalty Addition or you can opt for the settlement options.
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You get the guarantee of enhancing your wealth creation through guaranteed loyalty additions (up to 120% of the first year annual premium) at the end of the 10th & 15th year plus Guaranteed Additions as a % of the Fund Value.
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1. Maximize your return potential û 100% of your premium invested in funds of your choice from the 2nd year onwards.2. Get Guaranteed Loyalty Additions of up to 120%** of your first year premiums3. Get guaranteed loyalty additions of 2% of your average Fund Value for coverage terms of 20, 25 and 30 years.4. Liquidity in the form of Partial Withdrawals and Surrender Benefits.
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You can invest your surplus funds (over and above the regular premiums) as Top-up premiums, thus adding to your savings potential. The minimum amount of a single Top-up premiums is Rs 5,000.The sum assured would be increased by 125% of the Top-up premium on each such payment.
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You will have the option to Surrender the policy after the completion of the first three policy years. On seeking surrender of the policy, the surrender value is payable, which at all times is equal to the Fund Value less the applicable Surrender Charges.
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You have the option of partial withdrawal to meet your immediate financial needs from your policy.
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All premiums (including Top-Up premiums) paid could be allocated in any proportionate between the various Unit-Linked Funds. Such allocation needs to be chosen at the time of the proposal and also could be altered later. However the proportion for any chosen fund should be at least 20% of the regular premium. You would have the option to change the premium allocation proportions once every policy year free of charge.
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You have the benefit to switch partially or fully between the available Unit-Linked fund options, at any point of time during the coverage term. You will have the benefit of 12 (Twelve) free switches in every policy year.
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