MeI SmarI Cold For AcceleraIed WealIh CreaIioh ahd ProIecIioh UhiI-Lihked Li!e Ihsurahce Plah (Noh-Par) MetLi!e India Insurance Co. Ltd. 8rigade Seshamahal, 5, Vahi Vilas Road, 8asavahagudi, 8ahgalore - 560 004 1el: +91-080-2643 8638 VisiI us aI www.meIli!e.co.ih IRDA RegisIraIioh humber: 117 IRDA Uhique IdehIi!icaIioh Number !or MeI SmarI Cold is 117L039V01. Insurance is the subject matter oI the solicitation. LD/2009-10/EC188/372 *Premium sms charges as applicable. For ahy assisIahce please cohIacI us aI : 1oll Free:1800-425-8989 or Lmail: IndiaServicemetIi!e.com or sms* ALIfE Io 56161 The participation by the bank's customers shall be purely on a voluntary basis. The contract oI insurances is between the insurer and the insured and not between the bank and the insured. Hi! I am Ahahd, 42, a busihessmah ruhhihg ah exporI !irm. Happily married, wiIh ohe daughIer, I recehIly decided Io Iake my !amily oh a vacaIioh abroad. 1akihg Iime o!! my hecIic schedule, we had a wohder!ul holiday visiIihg various exoIic ciIies ih a couple o! couhIries. Family vacaIiohs cah be quiIe Ihe de-sIressor. Arouhd a mohIh ago, I sighed a cohIracI wiIh ah MNC, which boosIed Ihe compahy's pro!iIs ahd my ihcome as well. Sihce Iheh I have beeh wohderihg where Io ihvesI IhaI exIra mohey. 1hihkihg o! ways iI cah geheraIe higher reIurhs ih a shorI Iime, ahd how Io opIimise my ihvesImehIs. Ahd IhaI's wheh a co-passehger oh a !lighI Iold me abouI MeI SmarI Cold - a uhique UhiI-Lihked Ihsurahce plah !or Ihose people who wahI more !rom li!e... raIher everyIhihg, who pre!er !lexibiliIy o! premium paymehIs ahd whose ob|ecIive is Io maximise wealIh. Met Smart GoId is per!ect !or you because. II helps acceleraIe capiIal growIh II opIimises your reIurhs oh ihvesImehIs II o!!ers a choice o! a limiIed premium paymehI Ierm II gives you Ihe !lexibiliIy ih payihg premiums II proIecIs your !amily !rom uhcerIaihIies o! li!e I! ahy o! Ihe above is relevahI, you'll !ihd MeI SmarI Cold a goldeh ihvesImehI opporIuhiIy, suiIihg hoI ohly your !ihahcial sIaIure, buI your li!esIyle as well. 1he premium cah be ihcreased Io ahy level sub|ecI Io Ihe requisiIe uhderwriIihg approval. Ahy chahge ih Ihe premium would make Ihe base Sum Assured chahge ih Ihe same proporIioh. 1his !aciliIy o! chahge ih Ahhualised Regular Premium (boIh ihcrease ahd decrease) cah be e!!ecIed ohly ohce durihg Ihe Premium Payihg 1erm oIher Ihah ih a 5-year coverage Ierm where reducIioh o! premium is allowed Iwice durihg Ihe Premium PaymehI 1erm. 1he resulIahI chahge ih Ihe !uhd value would depehd upoh Ihe balahce o! Ihe premium le!I a!Ier deducIihg all Ihe charges ahd Ihe uhiI growIh. CeI Ihe behe!iI o! loyalIy addiIiohs durihg Ihe coverage Ierm ahd Ihus ehhahce your lohg-Ierm savihgs. You cah wiIhdraw mohey !rom your policy wiIh Ihe help o! parIial wiIhdrawals a!Ier Ihe compleIioh o! Ihree (1) policy years . (2) Li!e ihsurahce o! upIo 20 Iimes o! your ahhual premium. You cah provide comprehehsive proIecIioh Io your !amily wiIh addiIiohal proIecIioh behe!iIs o! AccidehI DeaIh 8ehe!iI ahd CriIical Illhess 8ehe!iI, wiIh Ihe help o! riders. (1) Would be sub|ecI Io Ihe provisiohs as mehIiohed ih Ierms & cohdiIiohs o! Ihe policy documehI. (2) For a HealIhy male li!e, wheh a 20 year Coverage 1erm is choseh MeI SmarI Cold is Ihe ideal producI !or you, i! your ob|ecIive is Io poIehIially opIimize your wealIh, while havihg Ihe compleIe cohIrol Io desigh Ihe producI as per your heeds. II suiIs your requiremehIs o! earhihg poIehIially higher reIurhs oh your ihvesImehIs wiIh ihvesImehI ih markeI lihked !uhds. LoyaIty Additions. Access to your poIicy's !und vaIue. Comprehensive protection. Why Met Smart GoId is ideaI !or you? Met Smart GoId at a gIance 1he SmarI UhiI-Lihked Plah, which you cah desigh !or yoursel! Io exacIly maIch your !ihahcial heeds! MeILi!e presehIs Met Smart GoId, a UhiI-Lihked wealIh creaIioh cum proIecIioh plah, specially cohceived so IhaI you cah geI a plah Io maIch your owh !ihahcial requiremehIs. Desigh your owh plah wiIh choice o! coverage Ierm, choice o! premium paymehI Ierm, choice o! premium ahd Sum Assured amouhIs, choice o! ihvesImehI !uhds ahd choice o! addiIiohal proIecIioh opIiohs - like AccidehI DeaIh 8ehe!iI ahd CriIical Illhess ProIecIioh 8ehe!iIs. Ahd, behe!iIs o! LoyalIy AddiIiohs, !aciliIy Io Chahge Ihe Ahhual Premium, !aciliIy o! !our !ree swiIches, higher allocaIioh o! your premiums Io ehhahce your wealIh creaIioh ahd !aciliIy Io ihvesI addiIiohal premiums over ahd above your regular premium. WiIh Ihe help o! 5 di!!erehI UhiI-Lihked Fuhds wiIh varyihg combihaIiohs o! equiIy ahd debI, you cah choose ahy combihaIioh o! ihvesImehIs Io poIehIially opIimize your reIurhs oh ihvesImehIs. AddiIiohally higher allocaIioh o! your premium !or ihvesImehIs ehsures more o! your mohey is ihvesIed !or growIh. FaciliIy Io pay premiums !or a limiIed / regular period !or each coverage Ierm. You cah pay premiums !or 5 years wheh Ihe coverage Ierm is 5 years or 3, 5 or 10 years wheh Ihe coverage Ierm is 10 years, ahd 5, 10 ahd 20 years wheh Ihe coverage Ierm is 20 years. Choose Ihe combihaIioh IhaI exacIly maIches your heed - 5 year Coverage Term. You have Ihe !aciliIy Io chahge your regular premiums a!Ier Ihe compleIioh o! ohe policy year. You cah choose Io ihcrease your premiums Io ahy amouhI ahd / or decrease iI Io 75% o! Ihe FirsI Year Ahhual Regular Premium durihg Ihe secohd ahd Ihird policy years ahd upIo Io a mihimum ahhualised premium o! Rs. 12,000 per ahhum durihg Ihe remaihihg Premium Payihg 1erm. - 10 year and 20 year Coverage Term. You have Ihe !aciliIy Io chahge your premiums a!Ier Ihe compleIioh o! Ihree policy years. You cah choose Io ihcrease your premiums Io ahy amouhI ahd / or decrease iI Io Ihe mihimum premium amouhI correspohdihg Io each premium paymehI Ierm !or Ihe respecIive coverage Ierm. Met Smart GoId o!!ers you the bene!its so that you design it to exactIy match your needs! Long-term veaIth creation. Limited l eguIar premium payment term. Change in Premiums. IN 1HIS POLICY, 1HL INVLS1MLN1 RISK IN 1HL INVLS1MLN1 POR1FOLIO IS 8ORNL 8Y 1HL POLICYHOLDLR Mihimum Age aI * ehIry (lbd ) Maximum Age aI ehIry (lbd) Premium PaymehI 1erm (years) Mihimum Ahhualised Premium ih Rs. Mihimum Sum Assured Maximum Sum Assured MulIiple Premium PaymehI modes 10 years 8 years 60 years 3, 5, 10 For PP1= 3, 5 yrs: 36,000 For PP1= 10 yrs, 24,000 5 Iimes Ihe ahhualised premium 10 Iimes Ihe ahhualised premium 20 years 0 years (3 mohIhs Io be compleIed) 60 years 5, 10, 20 For PP1= 5, 10 yrs: 18,000 For PP1= 20 yrs: 12,000 10 Iimes Ihe ahhualised premium 20 Iimes Ihe ahhualised premium Coverage Term MohIhly, QuarIerly, Hal!-yearly, Yearly 5 years 13 years 60 years 5 For PP1= 5 yrs: 60,000 5 Iimes Ihe ahhualised premium 5 Iimes Ihe ahhualised premium * ( lbd) - LasI 8irIhday PP1 - Premium PaymehI 1erm Hov does Met Smart GoId vork !or you? MeI SmarI Cold is a UhiI-Lihked Ihsurahce Plah. 1he producI works as !ollows: 1he Regular Premiums paid by you decides your Sum Assured, based oh Ihe Sum Assured mulIiple choseh by you. 1he Premium heI o! Ihe premium allocaIioh charge is ihvesIed ih Ihe UhiI-Lihked Fuhd/s o! your choice. 1he NeI AsseI Value o! Ihe UhiI-Lihked Fuhd decides Ihe humber o! uhiIs allocaIed Io you. Ohce Ihe uhiIs are allocaIed, mohIhly policy admihisIraIioh charges ahd morIaliIy charges (deducIed !or Ihe li!e ihsurahce behe!iI, depehdihg oh your age) are deducIed by cahcellaIioh o! uhiIs. NeI uhiIs ahd Ihe NeI AsseI Value o! Ihe UhiI-Lihked Fuhd decides your Fuhd Value. Lvery Iime, Ihe premium is paid, !resh uhiIs are allocaIed ahd Ihe policy accumulaIes higher humber o! uhiIs, resulIihg ihIo poIehIially higher !uhd value. Unit-Linked fund options !or investments o! your premium. You have Ihe choice o! !ive UhiI-Lihked Fuhds available Io you. You cah choose Io ihvesI your premiums ih Ihese UhiI-Lihked Fuhds ih ahy proporIioh aggregaIihg Io a IoIal o! ohe huhdred percehI, Io maIch your !ihahcial ob|ecIives. However, ihvesImehI ih ahy o! Ihe choseh UhiI-Lihked Fuhds should have a mihimum allocaIioh o! IwehIy percehI. Followihg are Ihe !ive UhiI-Lihked Fuhds o!!ered wiIh MeI SmarI Cold. ene!its O!!ered by Met Smart GoId Asset aIIocation 80%-100% ih LisIed LquiIies 0%-40%ih Mohey MarkeI IhvesImehIs 60%-100% ih LisIed LquiIies 0%-40%ih Mohey MarkeI IhvesImehIs 35%-65% ih LisIed LquiIies 0%-60%ih Lohg 1erm 8ohds 0%-35%ih ShorI 1erm 8ohds 0%-40%ih Mohey MarkeI IhvesImehIs 10%-60% ih CoverhmehI SecuriIies (ihcludihg CoverhmehI CuarahIeed SecuriIies) 0%-60%ih Ih!rasIrucIure/Social SecIor SecuriIies 25%-90% ih CoverhmehI SecuriIies 10%-60% ih Lohg-1erm 8ohds 0%-45%ih ShorI-1erm 8ohds 0%-40%ih Mohey MarkeI IhvesImehIs 0%-60%ih Ih!rasIrucIure/Social SecIor SecuriIies 80%-100% ih CoverhmehI SecuriIies 0%-40%ih Mohey MarkeI IhvesImehIs isk Pro!iIe 1his !uhd will exhibiI very high risk ahd reIurhs ahd will be prohe Io markeI !lucIuaIiohs 1his !uhd will have very high risk ahd reIurhs pro!ile ahd will be prohe Io markeI !lucIuaIiohs Higher risk ahd reIurhs wiIh a !air exposure Io equiIies Low risk ahd is desighed !or regular ihcome Very low risk Unit-Linked fund objective 1o geheraIe lohg Ierm capiIal appreciaIioh by ihvesIihg ih diversi!ied equiIies 1o geheraIe lohg Ierm capiIal appreciaIioh by ihvesIihg ih diversi!ied equiIies o! compahies promoIihg healIhy li!esIyle ahd ehhahcihg qualiIy o! li!e. 1o geheraIe capiIal appreciaIioh ahd currehI ihcome, Ihrough a |udicious mix o! ihvesImehIs ih equiIies ahd !ixed ihcome securiIies 1o earh regular ihcome by ihvesIihg ih high qualiIy !ixed ihcome securiIies 1o geheraIe ihcome aI a level cohsisIehI wiIh preservaIioh o! capiIal, Ihrough ihvesImehIs ih securiIies issued or guarahIeed by CehIral ahd SIaIe CoverhmehIs Unit-Linked fund MulIiplier VirIue 8alahcer ProIecIor Preserver 1he asseIs Io which Ihe UhiI Lihked Fuhds are re!erehced, will be valued every day ahd will be based oh wheIher Ihe compahy is purchasihg (appropriaIioh price) or sellihg (expropriaIioh price) Ihe asseIs oh a heI basis ih order Io meeI Ihe day Io day IrahsacIiohs. The Appropriation Price o! a Unit-Linked fund viII be determined by the Company and viII be computed as. MarkeI Value o! ihvesImehIs held by Ihe !uhd plus Ihe expehses ihcurred ih Ihe purchase o! Ihe asseIs plus Ihe value o! ahy currehI asseIs plus ahy accrued ihcome heI o! !uhd mahagemehI charges less Ihe value o! ahy currehI liabiliIies less provisiohs, i! ahy. The Expropriation Price o! a Unit-Linked fund viII be determined by the Company and viII be computed as: MarkeI Value o! ihvesImehI held by Ihe !uhd less Ihe expehses ihcurred ih Ihe sale o! Ihe asseIs plus Ihe value o! ahy currehI asseIs plus ahy accrued ihcome heI o! !uhd mahagemehI charges less Ihe value o! ahy currehI liabiliIies less provisiohs, i! ahy. You have Ihe !lexibiliIy Io make addiIiohal ihvesImehIs (over ahd above Ihe regular premium) wiIh Ihe help o! 1op-Up Premiums, ahyIime durihg Ihe coverage Ierm. 1he Sum Assured would be ihcreased by 125% o! Ihe 1op-Up Premium oh each such paymehI. Ahy 1op-Up Premiums paid would hoI be eligible !or parIial wiIhdrawals !or Ihree years !rom Ihe daIe o! such paymehI. 1he mihimum amouhI o! a sihgle 1op-Up Premium is Rs. 5, 000. All premiums (ihcludihg 1op-Up Premium) paid could be allocaIed ih ahy proporIioh beIweeh Ihe various UhiI-Lihked Fuhds. Such allocaIioh heeds Io be choseh aI Ihe Iime o! Ihe proposal ahd also could be alIered laIer. However Ihe proporIioh !or ahy choseh !uhd should be aI leasI 20%. You would have Ihe opIioh Io chahge Ihe premium allocaIioh proporIiohs ohce every policy year !ree o! charge. SubsequehI chahges ih a policy year would be cohsidered as ah alIeraIioh ahd would be charged accordihgly. You have Ihe behe!iI Io swiIch parIially or !ully beIweeh Ihe available UhiI-Lihked !uhd opIiohs, aI ahy poihI o! Iime durihg Ihe coverage Ierm. You will have Ihe behe!iI o! 4 (Four) !ree swiIches ih every policy year, posI which every swiIch ih a policy year would be levied a charge o! Rs.250. 1he mihimum value o! every swiIch should be Rs.5,000. Other !IexibIe bene!its that heIp you design your poIicy better Top-Up Premium. Premium re-direction. faciIity o! svitching betveen Unit-Linked funds. LoyaIty Additions to your poIicy. Maturity ene!it. Liquidity vith the !aciIity o! partiaI vithdravaIs. WiIh MeI SmarI Cold, you geI Ihe behe!iI o! poIehIially ehhahcihg your wealIh creaIioh wiIh loyalIy addiIiohs, which are added Io your policy aI regular ihIervals durihg Ihe coverage Ierm. 1hese loyalIy addiIiohs are made ohly i! all Ihe regular premiums due Iill Iheh have beeh paid. 1he loyalIy addiIiohs are as !ollows, NeI Average Regular Premium= (1oIal amouhI o! all regular premiums paid Iill Ihe due daIe o! crediI o! LoyalIy AddiIiohs less parIial wiIhdrawals made ih precedihg 24 calehdar mohIhs !rom Ihe due daIe o! crediI o! Ihe loyalIy addiIiohs)/ Number o! compleIed policy years. LoyalIy AddiIiohs are hoI payable !or a Coverage 1erm o! 5 years. 1he rupee value o! Ihe loyalIy addiIiohs would be allocaIed Io Ihe choseh UhiI- Lihked Fuhds ih Ihe same proporIioh as your Iheh exisIihg Premium AllocaIioh IhsIrucIioh, by creaIihg appropriaIe humber o! uhiIs as per Ihe NeI AsseI Value o! Ihe UhiI-Lihked Fuhds, as oh Ihe due daIe o! crediI o! Ihe loyalIy addiIiohs. Oh maIuriIy o! Ihe policy, Ihe !uhd value as oh Ihe daIe o! maIuriIy is payable ahd Ihe policy shall be IermihaIed. However, you have Ihe SeIIlemehI OpIioh available Io you aI maIuriIy. Uhder Ihis opIioh, you may choose Io Iake Ihe !uhd value ih ihsIallmehIs wiIhih 5 years !rom Ihe daIe o! maIuriIy. I! you choose Ihis opIioh, you will have Io bear Ihe risks ihvolved ih Ihe UhiI-Lihked Fuhds. 1he li!e ihsurahce cover durihg Ihis period would hoI be applicable, ahd ih case o! deaIh o! Ihe policyholder durihg Ihis period, Ihe !uhd value as oh IhaI daIe shall be paid, ahd Ihe policy will be IermihaIed. You have Ihe opIioh o! parIial wiIhdrawal !rom your policy sub|ecI Io Ihe !ollowihg cohdiIiohs, 1he Persoh Ihsured compleIihg 18 years o! age. 1he mihimum amouhI o! parIial wiIhdrawal should be Rs 5, 000. 1he parIial wiIhdrawal is made ohly a!Ier 3 compleIed policy years. PoIicy Anniversary Date LoyaIty Additions Ih 7 Policy Ahhiversary DaIe 7%o! Ihe NeI Average Regular Premium Ih 10 Policy Ahhiversary DaIe 18%o! Ihe NeI Average Regular Premium for 10 year Coverage Term. PoIicy Anniversary Date LoyaIty Additions Ih 10 Policy Ahhiversary DaIe 10%o! Ihe NeI Average Regular Premium Ih 15 Policy Ahhiversary DaIe 15%o! Ihe NeI Average Regular Premium Ih 20 Policy Ahhiversary DaIe 35%o! Ihe NeI Average Regular Premium for 20 year Coverage Term. for Coverage Term 5 years. 1he mihimum Fuhd Value a!Ier Ihe ParIial WiIhdrawal should be equal Io Ihe sum o! 120% o! Ihe Ahhualised Regular Premium as applicable ahd Ihe applicable surrehder charges. for Coverage Term 10 or 20 years. Ih each o! Ihe !ourIh ahd !i!Ih Policy Years, ohly Iwo ParIial WiIhdrawals are allowed. 1he maximum amouhI o! each ParIial WiIhdrawal is resIricIed Io ohly 5% o! Ihe Fuhd Value as oh daIe o! Ihe receipI o! Ihe requesI o! ParIial wiIhdrawal. From Ihe 6Ih policy year, you cah make Iwo parIial wiIhdrawals compleIely !ree o! charges ih a policy year. 1he Mihimum Fuhd Value a!Ier Ihe ParIial WiIhdrawal (allowed a!Ier Ihe !irsI Ihree policy years)should be equal Io Ihe sum o! 120%o! Ahhualised Regular Premium ahd Ihe applicable surrehder charges. Lvery subsequehI parIial wiIhdrawal ih a policy year would be charged wiIh Rs 250, which shall be deducIed by cahcellaIioh o! uhiIs. 1he cahcellaIioh o! uhiIs !or Ihe purpose o! parIial wiIhdrawal shall !irsI be dohe !rom Ihe !uhd value correspohdihg Io Ihe 1op-Up Premiums paid Iill Iheh. You will have Ihe opIioh Io apply !or surrehder o! your policy ohly a!Ier Ihe compleIioh o! !irsI Ihree policy years, irrespecIive o! Ihe choseh Coverage 1erm. Surrehder o! Ihe policy shall IermihaIe Ihe policy ahd exIihguish all your righIs, behe!iIs ahd ihIeresIs ih Ihe policy. Oh seekihg surrehder o! Ihe policy, Ihe surrehder value is payable, which aI all Iimes is equal Io Ihe Fuhd Value less Ihe applicable surrehder charges. Ih case o! ah uh!orIuhaIe deaIh o! Ihe Persoh Ihsured durihg Ihe Coverage 1erm Ihe Compahy will pay Io Ihe homihee as !ollows: i) I! Ihe deaIh o! Ihe Persoh Ihsured occurs be!ore Ihe aIIaihmehI o! age 60: 1he deaIh behe!iI payable will be Ihe higher o! 1he Fuhd Value or 1he Sum Assured less all ParIial WiIhdrawals, made ih accordahce wiIh Ihe ParIial WiIhdrawal provisiohs durihg Ihe lasI 24 mohIhs precedihg Ihe deaIh o! Ihe Persoh Ihsured. ii) I! Ihe deaIh o! Ihe Persoh Ihsured occurs oh or a!Ier Ihe aIIaihmehI o! age 60: 1he deaIh behe!iI payable will be Ihe higher o! 1he Fuhd Value or
Surrender bene!it. Death ene!it. Sum Assured less all ParIial WiIhdrawals made ih accordahce wiIh Ihe ParIial WiIhdrawal provisiohs, durihg Ihe lasI 24 mohIhs immediaIely precedihg Ihe daIe o! deaIh or all ParIial WiIhdrawals made ih accordahce wiIh Ihe ParIial WiIhdrawal provisiohs posI aIIaihmehI o! age 60 whichever is higher. However, i! Ihe age o! Ihe Persoh Ihsured aI deaIh is less Ihah 7 years, Iheh ohly Ihe !uhd value would be payable as deaIh behe!iI. Ih case Ihe Persoh Ihsured aged 7 years ahd above dies be!ore aIIaihihg ma|oriIy, Iheh Ihe 8ehe!iI payable would be as per secIioh (i) o! DeaIh 8ehe!iI above. Ih case Ihe Policyholder/ Policy Owher dies durihg Ihe mihoriIy period, Ihe Policy shall cohIihue Io be ih!orce provided all due Premiums are paid over Ihe policy Ierm. OIherwise, Ihe Policy will aIIracI Ihe relevahI clauses applicable !or discohIihuahce o! premium. You cah !urIher cusIomize your policy by availihg Ihe !ollowihg riders aI Ihe Iime o! purchasihg Ihe policy AccidehI DeaIh 8ehe!iI Rider (117A011V01) CriIical Illhess Rider (117A012V01) * ( lbd) - LasI 8irIhday For !urIher deIails oh Riders please ask !or a separaIe Rider brochure ahd re!er Io Ihe Rider charges ih Policy Charges secIioh. Followihg are Ihe deIails o! Ihe charges ih MeI SmarI Cold 1he premium allocaIioh charge will be as giveh ih Ihe !ollowihg Iable: For Coverage 1erm o! 5 years: AdditionaI protection bene!its. A) Premium aIIocation charges. PoIicy Charges AccidehI DeaIh 8ehe!iI Rider 15 Years 55 Years 60 Years (AD8R) CriIical Illhess Rider (CI) 18 Years 55 Years 60 Years Rider Mihimum Age Maximum Age Rider ceasihg aI ehIry (lbd) aI ehIry (lbd) age (lbd) AnnuaIized Premiums Year 1 Year 2-5 Less Ihah or 8.00% 2.00% Lqual Io Rs.99,999 Lqual Io Rs.100,000 6.00% 2.00% ahd less Ihah Rs.10,00,000 CreaIer Ihah 5.00% 2.00% or equal Io Rs.10,00,000 (C) MortaIity charges. (D) ider Charge. # (E) fund Management charges . MorIaliIy charge will be deducIed aI Ihe begihhihg o! each mohIh by cahcellaIioh o! ah appropriaIe humber o! uhiIs aI Ihe relevahI NeI AsseI Value. MorIaliIy charge will be based oh Ihe aIIaihed Age o! Persoh Ihsured, CosI o! Ihsurahce (CoI) ahd Ihe applicable Sum Assured. 1he calculaIioh meIhod will be as !ollows: MorIaliIy Charge =(Sum aI Risk/1000) * CosI o! Ihsurahce (CoI) 1he Sum aI Risk is de!ihed as Ihe DeaIh 8ehe!iI (as de!ihed ih Ihe 8ehe!iIs secIioh) mihus Ihe Fuhd Value ih Ihe UhiI AccouhI. 1he morIaliIy charge would be deducIed !rom Ihe UhiI-Lihked Fuhds ih proporIioh Io respecIive Fuhd Values available ih each o! Ihe subscribed UhiI Lihked Fuhds as oh Ihe due daIe o! deducIioh. Sample mohIhly CosI o! Ihsurahce per 1000 sum aI risk is as below: Rider charge(s) will be deducIed aI Ihe begihhihg o! each mohIh by cahcellaIioh o! uhiIs. Rider charge(s) will be based oh Ihe Age o! Persoh Ihsured, CosI o! Rider ahd Ihe applicable Sum Assured. Rider charge =(Rider Sum Assured/1000) * CosI o! Rider 1he rider charge would be deducIed !rom Ihe UhiI-Lihked Fuhds ih proporIioh Io respecIive Fuhd Values available ih each o! Ihe subscribed UhiI-Lihked Fuhds as oh Ihe due daIe o! deducIioh. Sample mohIhly CosI o! Rider per 1000 sum ihsured !or male lives are as below: 1hese charges are ad|usIed while calculaIihg Ihe NeI AsseI Value o! Ihe UhiI-Lihked Fuhds each day. For Coverage 1erm o! 10 years: For Coverage 1erm o! 20 years: 1he Premium AllocaIioh Charge !or 1op-Up Premium is 3.50% 1he Premium AllocaIioh Charge will be deducIed !rom each Regular/1op-Up premium ahd Ihe balahce Premium will be used Io buy uhiIs ih Ihe appropriaIe !uhd. 1he !ollowihg policy admihisIraIioh charge would be deducIed by cahcellaIioh o! uhiIs oh a mohIhly basis aI Ihe begihhihg o! each mohIh. For Coverage 1erm o! 5 years:- For a Coverage 1erm o! 10 years ahd 20 years:- 1he policy admihisIraIioh charge would be deducIed !rom Ihe UhiI-Lihked Fuhds ih proporIioh Io respecIive Fuhd Values available ih each o! Ihe subscribed UhiI-Lihked Fuhds as oh Ihe due daIe o! deducIioh. However Ihe Compahy reserves Ihe righI Io ihcrease Ihis charge up Io a maximum as speci!ied above wiIh prior clearahce !rom Ihe Ihsurahce RegulaIory ahd DevelopmehI AuIhoriIy. () PoIicy administration charges. AgelGender 20 years 30 years 40 years Male 0.084646 0.097571 0.179167 Female 0.074650 0.096883 0.138100 ProIecIor 1.25%p.a 2.50% p.a Preserver 1.25% p.a 2.50% p.a 8alahcer 1.50% p.a. 2.50% p.a VirIue 1.75% p.a. 2.50% p.a. MulIiplier 1.75% p.a. 2.50% p.a fund Option Current Maximum Age/ Rider 20 Years 30 Years 40 Years AD8R 0.062500 0.062500 0.062500 CI 0.031792 0.072792 0.310708 MohIh 1 Rs.1,300 Rs.3,900 MohIh 2 ohwards Rs.100 Rs.300 Charges (fixed) Current Maximum MohIh 1 Rs.540 Rs.3,600 MohIh 2 ohwards Rs.60 Rs.100 Charges (fixed) Current Maximum AnnuaIized Premiums Year 1 Year 2-3 Year 4-5 Year 6-10 Less Ihah or 20.00% 4.00% 3.00% 2.00% Lqual Io Rs.99,999 Lqual Io Rs.100,000 18.00% 4.00% 3.00% 2.00% ahd less Ihah Rs.10,00,000 CreaIer Ihah 12.00% 4.00% 3.00% 2.00% or equal Io Rs.10,00,000 AnnuaIised Premiums Year 1 Year 2-3 Year 4-5 Year 6-10 Year 11-20 Less Ihah or 22.00% 5.00% 4.00% 3.00% 2.00% Lqual Io Rs.99,999 Lqual Io Rs.100,000 19.00% 5.00% 4.00% 3.00% 2.00% ahd less Ihah Rs.10,00,000 CreaIer Ihah 14.00% 5.00% 4.00% 3.00% 2.00% or equal Io Rs.10,00,000 # Sub|ecI Io Ihe prevailihg Iax regulaIiohs ih Ihdia ahd ahy chahges Ihereih ih !uIure. (f) Surrender charge. (G) Svitching Charge. (H) PartiaI WithdravaI Charge. . 1he surrehder charge is applied oh Ihe Fuhd Value ahd is based oh Ihe Coverage 1erm ahd Ihe humber o! premiums paid. Surrehders are hoI permiIIed durihg Ihe !irsI Ihree years o! Ihe policy. A!Ier Ihe !irsI Ihree policy years, Ihe !ollowihg surrehder charges are applicable. For a Coverage 1erm o! 5 years:- For a Coverage 1erm o! 10 years ahd 20 years:- 1he surrehder charge would be deducIed !rom Ihe Fuhd Value be!ore paymehI o! Ihe same Io Ihe policyholder. 1he !irsI !our swiIches beIweeh !uhds ih a policy year will be !ree o! ahy charge. Lach !urIher swiIch beIweeh Ihe !uhds ih a policy year would be charged aI Rs.250. 1he swiIchihg charges will be deducIed !rom Ihe amouhI swiIched ahd Ihe balahce amouhI will be used Io buy uhiIs. However Ihe compahy reserves Ihe righI Io ihcrease Ihis charge up Io a maximum o! Rs. 750 wiIh prior clearahce !rom Ihe Ihsurahce RegulaIory ahd DevelopmehI AuIhoriIy. 1he !irsI Iwo parIial wiIhdrawals ih a policy year will be !ree o! ahy charge. For each subsequehI parIial wiIhdrawal ih a policy year, a charge o! Rs 250 would be levied. 1he parIial wiIhdrawal charge will be deducIed !rom Ihe amouhI wiIhdrawh. However Ihe compahy reserves Ihe righI Io ihcrease Ihis charge up Io a maximum o! Rs.750 wiIh prior clearahce !rom Ihe Ihsurahce RegulaIory ahd DevelopmehI AuIhoriIy. Number o! AnnuaIised PoIicy Year 4 PoIicy Year 5 PoIicy Year 6 PoIicy Year 7 & therea!ter Premiums paid Surrender Charge as a % o! fund VaIue Less Ihah Ohe 35% 35% 35% Nil Premium Ahhualised Ohe Ahhualised 35% 35% 35% Nil Premium 1wo Ahhualised 25% 25% 25% Nil Premiums 1hree Ahhualised 15% 10% 5% Nil Premiums or more (I) MisceIIaneous Charge. Surrender VaIue. free Look CanceIIation. Discontinuance o! Premium.
1hese charges will be deducIed by cahcellaIioh o! uhiIs. However Ihe compahy reserves Ihe righI Io ihcrease Ihis charge up Io a maximum o! Rs. 750 wiIh prior clearahce !rom Ihe Ihsurahce RegulaIory ahd DevelopmehI AuIhoriIy. No surrehder value is payable durihg Ihe !irsI Ihree years o! Ihe policy. A!Ier Ihe !irsI Ihree policy years, a surrehder charge is payable as described above. You have a period o! 15 days !rom Ihe daIe o! receipI o! Ihe Policy documehIaIioh Io review Ihe Ierms ahd cohdiIiohs o! Ihis Policy. I! you have ahy ob|ecIiohs Io ahy o! Ihe Ierms ahd cohdiIiohs, you have Ihe opIioh Io reIurh Ihe Policy sIaIihg Ihe reasohs !or Ihe ob|ecIiohs ahd you shall be re!uhded ah amouhI equal Io hoh- al l ocaIed premi ums plus charges levied Ihrough cahcellaIioh o! uhiIs plus !uhd value aI Ihe daIe o! cahcellaIioh sub|ecI Io deducIioh o! expehses Iowards medical examihaIioh, sIamp duIy ahd proporIiohaIe risk premium !or Ihe period o! cover. With in the !irst three poIicy years. I! ahy regular premium due wiIhih Ihe !irsI Ihree policy years o! Ihe ihcepIioh o! Policy, remaihs uhpaid eveh a!Ier Ihe grace period !rom Ihe daIe o! lasI uhpaid premium, Ihe behe!iI o! Ihe Sum Assured ih Ihe policy will cease Io exisI ahd Ihe policy will lapse wiIh e!!ecI !rom Ihe due daIe o! !irsI uhpaid premium. You cah apply !or reihsIaIemehI o! Ihe lapsed policy wiIhih Iwo years !rom Ihe daIe o! Ihe !irsI uhpaid premium, sub|ecI Io Ihe cohdiIiohs mehIiohed ih Ihe policy documehI. Ih case o! Ihe deaIh o! Ihe Persoh Ihsured durihg Ihe Iime allowed !or reihsIaIemehI o! a lapsed policy, Ihe Fuhd Value will be paid Io Ihe homihee. A!ter at Ieast three poIicy years . I! Ihe due regular premium has beeh paid !or aI leasI Ihree cohsecuIive policy years !rom Ihe ihcepIioh o! policy ahd subsequehI regular premiums are uhpaid, you may reihsIaIe Ihe policy wiIhih Iwo years !rom Ihe daIe o! !irsI uhpaid premium. Durihg Ihe period allowed !or reihsIaIemehI, Ihe Policy shall be allowed Io cohIihue Io be ih!orce by levyihg applicable charges. AI Ihe ehd o! Ihe allowed period !or reihsIaIemehI, i! Ihe policy is hoI reihsIaIed Ihe policy shall be IermihaIed by payihg Ihe Surrehder Value. 1he Policyholder is however ehIiIled Io submiI a wriIIeh hoIice Io Ihe Compahy wiIhih Ihe period allowed !or Ihe reihsIaIemehI o! Ihe Policy opIihg Io cohIihue Ihe Policy. 1he Compahy will cohIihue deducIioh o! applicable Policy Charges ahd keep Ihe Policy ih !orce uhIil Ihe Fuhd Value does hoI !all below Ihe amouhI equivalehI Io Ihe Sum o! ohe Ahhual Regular Premium o! Ihe 8asic Plah ahd applicable Surrehder Charge. 1he compahy may charge Rs. 250 !or ahy maIerial alIeraIioh ih Ihe cohIracI. Other Provisions and Conditions Number o! AnnuaIised PoIicy Year 4 PoIicy Year 5 Premiums paid Surrender Charge as a % o! fund VaIue Less Ihah ohe Ahhualised 35% 35% Premium Ohe Ahhualised 35% 35% Premium 1wo Ahhualised 25% 25% Premiums 1hree Ahhualised Nil Nil Premiums or more Contract Termination. Suicide CIause. isks Inherent in the Unit-Linked funds. I! Ihe policy is lapsed durihg Ihe !irsI Ihree policy years ahd hoI reihsIaIed wiIhih Iwo years !rom Ihe daIe o! such lapse, Ihe policy would be IermihaIed by payihg Ihe surrehder value as oh Ihe daIe o! expiry o! Iwo years Io you. A!Ier Ihe !irsI Ihree policy years, i! Ihe Surrehder Value ih Ihe UhiI AccouhI !alls below 100% o! Ihe !irsI year's ahhualized premium aI ahy poihI o! Iime, Ihe policy would be IermihaIed by payihg Ihe surrehder value as oh IhaI daIe Io you. 1he cohIracI shall also be IermihaIed ohce all Ihe cohIracIual obligaIiohs have beeh discharged. Ih Ihe evehI Ihe Persoh Ihsured commiIs suicide, wheIher sahe or ihsahe aI IhaI Iime, wiIhih !irsI Policy year !rom Ihe L!!ecIive daIe o! Policy or Ihe daIe o! Ihe lasI reihsIaIemehI whichever is laIer, we shall hoI be liable Io pay Ihe Sum assured, excepI re!uhdihg Ihe Fuhd Value. Due Io Ihe haIure o! Ihe UhiI Lihked Fuhds, Ihe Compahy does hoI guarahIee Ihe price o! Ihe UhiIs o! ahy o! Ihe UhiI Lihked Fuhds o!!ered by iI. 1he Ihsured (ahd Ihe Policyholder, i! di!!erehI) is aware IhaI Ihe ihvesImehI ih uhiIs is sub|ecI, ihIeralia (amohgsI oIhers), Io Ihe !ollowihg risks: 1he ihvesImehIs ih Ihe UhiIs are sub|ecI Io markeI ahd oIher risks ahd Ihere cah be ho guarahIee IhaI Ihe ob|ecIives o! ahy o! Ihe UhiI Lihked Fuhds will be achieved. 1he Fuhd Value o! each o! Ihe UhiI-Lihked Fuhd cah go up or dowh depehdihg oh Ihe !acIors & !orces a!!ecIihg Ihe !ihahcial markeIs !rom Iime Io Iime ihcludihg chahges ih Ihe geheral level o! ihIeresI raIes ahd ihsured is respohsible !or his/her decisiohs. 1he pasI per!ormahce o! Ihe UhiI-Lihked Fuhd o! Ihe Compahy is hoI hecessarily ihdicaIive o! Ihe !uIure per!ormahce o! ahy o! Ihese UhiI Lihked Fuhds.
1he hames o! Ihe UhiI-
lihked Fuhds ahd Iheir ob|ecIives do hoI ih ahy mahher ihdicaIe Ihe qualiIy o! Ihe !uhd, Iheir !uIure prospecIs or reIurhs All behe!iIs payable uhder Ihe policy are sub|ecI Io Ihe Iax laws ahd oIher legislaIiohs/regulaIiohs as Ihey exisI !rom Iime Io Iime. Please khow Ihe associaIed risks !rom Ihe Fihahcial advisor or Ihe ihIermediary Please re!er Ihe policy documehI !or !urIher deIails ahd risk !acIors MeILi!e Ihdia Ihsurahce Compahy LimiIed is ohly Ihe hame o! Ihe Ihsurahce Compahy ahd MeI SmarI Cold is ohly Ihe hame o! Ihe UhiI- Lihked Li!e Ihsurahce cohIracI ahd does hoI ih ahy way ihdicaIe Ihe qualiIy o! Ihe cohIracI, iIs !uIure prospecIs or reIurhs. About Taxes 1ax behe!iIs uhder Ihis plah are available as per Ihe provisiohs ahd cohdiIiohs o! Ihe Ihcome 1ax AcI 1961 ahd are sub|ecI Io ahy chahges made ih Ihe Iax laws ih !uIure. Please cohsulI your Iax advisor !or advice oh Ihe availabiliIy o! Iax behe!iIs !or Ihe premiums paid ahd proceeds (i! ahy) received uhder Ihe policy. Please hoIe IhaI Service 1ax shall be chargeable aI Ihe prevailihg raIe oh IhaI parI o! premium as prescribed uhder Ihe prevailihg 1ax regulaIiohs. CurrehIly Service 1ax is charged oh Ihe CosI o! Ihsurahce, Fuhd MahagemehI Charges, Policy AdmihisIraIioh Charges, ahd Premium AllocaIioh Charges. Service 1ax would be deducIed by cahcellaIioh o! applicable uhiIs !rom Ihe policy accouhI. 1he calculaIioh o! Ihe policy proceeds will be a!!ecIed Io IhaI exIehI. MeILi!e reserves Ihe righI Io deducI uhiIs/collecI separaIely, ahy oIher Iaxes as may be applicable ahd imposed by Ihe 1ax AuIhoriIies !rom Iime Io Iime. Section 41 o! the Insurance Act, 1938 states. (1) No persoh shall allow or o!!er Io allow, eiIher direcIly or ihdirecIly, as ah ihducemehI Io ahy persoh Io Iake ouI or rehew or cohIihue ah ihsurahce ih respecI o! ahy kihd o! risk relaIihg Io lives or properIy ih Ihdia, ahy rebaIe o! Ihe whole or parI o! Ihe commissioh payable or ahy rebaIe o! Ihe premium showh oh Ihe policy, hor shall ahy persoh Iakihg ouI or rehewihg or cohIihuihg a policy accepI ahy rebaIe, excepI such rebaIe as may be allowed ih accordahce wiIh Ihe published prospecIuses or Iables o! Ihe ihsurer (2) Ahy Persoh makihg de!aulI ih complyihg wiIh Ihe provisiohs o! Ihis secIioh shall be puhishable wiIh !ihe which may exIehd Io !ive huhdred rupees. Section 45 o! the Insurance Act, 1938 states. "No policy o! li!e ihsurahce e!!ecIed be!ore Ihe commehcemehI o! Ihis AcI shall a!Ier Ihe expiry o! Iwo years !rom Ihe daIe o! commehcemehI o! Ihis AcI ahd ho policy o! li!e ihsurahce e!!ecIed a!Ier Ihe comihg ihIo !orce o! Ihis AcI shall a!Ier Ihe expiry o! Iwo years !rom Ihe daIe oh which iI was e!!ecIed, be called ih quesIioh by ah ihsurer oh Ihe grouhd IhaI a sIaIemehI made ih Ihe proposal !or ihsurahce or ih ahy reporI o! a medical o!!icer, or re!eree, or !riehd o! Ihe Persoh Ihsured, or ih ahy oIher documehI leadihg Io Ihe issue o! Ihe policy, was ihaccuraIe or !alse, uhless Ihe ihsurer shows IhaI such a sIaIemehI was oh Statutory Warning. maIerial maIIer or suppressed !acIs which iI was maIerial Io disclose ahd IhaI iI was !raudulehIly made by Ihe policy owher ahd IhaI Ihe owher khew aI Ihe Iime o! makihg iI IhaI Ihe sIaIemehI was !alse or IhaI iI suppressed !acIs which iI was maIerial Io disclose. Provided IhaI hoIhihg ih Ihis secIioh shall prevehI Ihe ihsurer !rom callihg !or proo! o! age aI ahy Iime i! he is ehIiIled Io do so, ahd ho policy shall be deemed Io be called ih quesIioh merely because Ihe Ierms o! Ihe policy are ad|usIed oh subsequehI proo! IhaI Ihe age o! Ihe Persoh Ihsured was ihcorrecIly sIaIed ih Ihe proposal." is Ihe Premium payable by you accordihg Io Ihe mode o! paymehI choseh by you ahd as speci!ied ih Ihe Schedule. 1hese are Ihe !uhds available Io you, Io ihvesI your premiums. 1his is Ihe humber o! policy years, !or which Ihe policy cohIihues. 1here are Ihree opIiohs o! Coverage 1erm- 5 years, 10 years ahd 20 years. 1his is Ihe pre-speci!ied Iime period !or which you will have Io pay Ihe premiums. Lach coverage Ierm has iIs respecIive premium paymehI Ierms. 1he NeI AsseI Value would be calculaIed as (MarkeI value o! ihvesImehIs +/- Lxpehses ihcurred + CurrehI AsseIs + Accrued Ihcome - CurrehI LiabiliIies ahd Provisiohs Fuhd MahagemehI Charge) / (Number o! ouIsIahdihg uhiIs uhder Ihe relevahI UhiI-Lihked Fuhd) 1his is Ihe price aI which you cah buy or sell Ihe uhiIs o! Ihe correspohdihg UhiI- Lihked Fuhd. GIossary These de!initions vouId heIp you understand Met Smart GoId better, eguIar Premium. Unit-Linked funds. Coverage Term. Premium payment term (PPT). Net Asset VaIue (NAV). Sum Assured. fund vaIue. PoIicy Year. 1his is a mulIiple o! your ahhual regular premium. 1his is Ihe amouhI IhaI provides you Ihe li!e ihsurahce behe!iI. "Fuhd Value" is Ihe value o! aggregaIe humber o! ouIsIahdihg uhiIs oh ahy day ih each UhiI-Lihked Fuhd allocaIed uhder Ihis Policy mulIiplied by Iheir respecIive NeI AsseI Values applicable as oh IhaI day. is measured !rom Ihe L!!ecIive DaIe o! Ihe Policy ahd is a period o! Iwelve cohsecuIive calehdar mohIhs. MeILi!e Ihdia Ihsurahce Compahy LimiIed (MeILi!e) is ah a!!iliaIe o! MeILi!e, Ihc. ahd was ihcorporaIed as a |oihI vehIure beIweeh MeILi!e IhIerhaIiohal Holdihgs, Ihc., 1he 1ammu ahd Kashmir 8ahk, M. Palloh|i ahd Co. PrivaIe LimiIed ahd oIher privaIe ihvesIors. MeILi!e is ohe o! Ihe !asIesI growihg li!e ihsurahce compahies ih Ihe couhIry. II serves iIs cusIomers by o!!erihg a rahge o! ihhovaIive producIs Io ihdividuals ahd group cusIomers aI more Ihah 700 locaIiohs Ihrough iIs bahk parIhers ahd compahy-owhed o!!ices. MeILi!e has more Ihah 55,000 Fihahcial Advisors, who help cusIomers achieve peace o! mihd across Ihe lehgIh ahd breadIh o! Ihe couhIry. For more ih!ormaIioh abouI MeILi!e, please visiI Ihe compahy's websiIe aI www.meIli!e.co.ih. MeILi!e, Ihc., Ihrough iIs a!!iliaIes, reaches more Ihah 70 millioh cusIomers ih Ihe Americas, Asia Paci!ic ahd Lurope. A!!iliaIed compahies, ouIside o! Ihdia, ihclude Ihe humber ohe li!e ihsurer ih Ihe UhiIed SIaIes (based oh li!e ihsurahce ih!orce), wiIh over 140 years o! experiehce ahd relaIiohships wiIh more Ihah 90 o! Ihe Iop ohe huhdred FOR1UNL 500 compahies. 1he MeILi!e compahies o!!er li!e ihsurahce, ahhuiIies, auIomobile ahd home ihsurahce, reIail bahkihg ahd oIher !ihahcial services Io ihdividuals, as well as group ihsurahce, reihsurahce ahd reIiremehI ahd savihgs producIs ahd services Io corporaIiohs ahd oIher ihsIiIuIiohs. About MetLi!e
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