Easy Super Unit Linked Life Insurance Plan | Wealth Plan - PNB MetLife Insurance

Key Benefits of MetLife Easy Super

  • 1

    Reasonable annual premium

  • 2

    Auto rebalance investment portfolio

  • 3

    Life coverage

  • 4

    Partial withdrawal of policy after 5th year

Overview

MetLife Easy Super is a unit-linked life insurance plan that gives you the flexibility to build your investment portfolio through 6 different funds. You can choose to actively manage your portfolio of funds or opt for a auto rebalancing strategy to capitalize on market opportunities.In this Policy, the Investment Risk in investment portfolio is borne by the Policyholder.

The Metlife Easy Super Plan ensures

  1. Reasonable annual premium that starts from Rs.12, 000 p.a.
  2. Help manage investment risk with auto rebalancing option
  3. Provide liquidity with partial withdrawal of policy after 5th year
  4. *Tax Benefits as applicable.
    *Terms and Conditions apply.

Product Benefits

Death Maturity

In the event of death, the beneficiary will receive the following benefits, whichever is higher:

  1. If death occurs before the age of 60:
    • Base Fund Value that is equal to the value of units in the Base Premium Account, or
    • Base Sum Assured less all Partial Withdrawals made in the last 24 months before death, or
    • 105% of the total premiums paid, regular or limited
     
  2. If death occurs on or after the age of 60:
    • Base Fund Value that is equal to the value of units in the Base Premium Account, or
    • Base Sum Assured less all Partial Withdrawals made in the last 24 months before death or all Partial Withdrawals made after age 60, whichever is higher, or
    • 105% of the total premiums paid, regular or limited
  3. (If death happens during the grace period, or in the subsequent notice period, before discontinuance of the policy, in case of non-payment of premiums under the base policy, the overdue charges, if any, comprising of Mortality Charges will be deducted from the death benefit.)

Maturity Benefit

The total fund value will be paid out upon maturity of the policy. You can opt to receive the amount in full, as a yearly payout for the next 5 years after maturity or a combination of lump sum withdrawal and regular payouts.

Boundary Conditions

Eligibility Criteria

Minimum Age at entry*

18 years

Maximum Age at entry*

60 years for 15 policy term & 55 years for 20 year policy term

Premium Payment term (years)

Entire term of the policy

Minimum Annualized Premium

Rs. 12,000 p.a.

Maximum Annualized Premium

Rs.120,000 p.a.

Policy Term

15 years and 20 years

Sum Assured

10 times the chosen Annualised Premium

Premium Payment modes

Annual

Terms & Conditions Download Brochure

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