|
MetLife offers 'Met Smart Premier - Single Pay' û a Unit-Linked Life Insurance plan that provides life cover protection till age 70. It ensures higher returns on your investments and lets you protect your family from life's uncertainties. An insurance policy that helps realize all your dreams.Simply pay once and get the long term benefits of Met Smart Premier- Single Pay.
|
|
Accidental Death Benefit RiderCritical Illness Rider
|
|
On maturity, you will receive the Fund Value.
|
|
1. A one time premium payment with the option to top up your Fund Value whenever you have additional savings.2. Make additional investments as Top Ups and see your fund grow.3. Offers the choice of seven investment fund options to suit your risk/return profile.4. Offers long term life cover protection up to age 70.5. High liquidity in the form of Partial Withdrawals and Surrender Benefits.
|
|
Met Smart Premier - Single Pay provides the following death benefit:- If age at death is less than 7 years:100% of the Fund Value in the Unit Account.- If age at death is equal to or more than 7 years:Sum Assured plus Fund Value in the Unit Account.
|
|
Should you have extra cash at any point in time, you can add top-up premiums in addition to your single premium, subject to a minimum/maximum as stipulated by the company. The base policy sum assured would be increased by 125% of the Top-up premium on each such payment. Any top-up premiums paid would be non-withdrawable for three years from the date of such payment
|
|
Switching between Unit-Linked Funds can be done at any time during the coverage term by submitting a written request to the company. On request the Fund Value in the Unit Account can be switched to the new Unit-Linked Fund after deducting the switching charge as mentioned in the charges section. Such switching would only apply to the accumulations in the Unit-Linked Funds and not to the future top-up premiums. The proportion of premium redirection originally chosen by the policyholder would remain unaltered.
|
|
You may request for a partial cash withdrawal subject to the conditions below:- Three policy years have elapsed- The amount requested is less than the surrender value of the withdrawable part- Minimum amount retained in the account after withdrawal should be 10% ofthe Single Premium- Partial withdrawals are allowed only for policyholders who have completed18 years of age.
|