Single Premium Policy #single #premium #life #insurance #quote


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Key Benefits of MetLife Smart One

Overview

We know you are working hard to enjoy your present and make your future better. Our MetLife Smart One, is a single premium plan that provides various investment options and accelerates your wealth creation goals.

MetLife Smart One ensures

  1. You only need to pay once to gain the benefits for a chosen term.
  2. Our Stop Loss option, helps your investment, when the market is low.
  3. Our Auto Balancing Option helps you in volatile market conditions.

Product Benefits

Death Benefit

In the unfortunate event of your demise, while the policy is still active before the maturity date, your nominee will get the following death benefit

  1. 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, 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
  2. 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 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.

Maturity Benefit

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.


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