Metlife India - Met Smart Child Plans, Child Insurance Plans

"IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER"

Today, your role in your child’s life extends from being a provider to a nurturer, a mentor and a friend. You are a part of your child’s dreams and rising aspirations - the one responsible to ensure that your child gets what they aspire for. This decision requires you to plan and be prepared for tomorrow. Our specially designed plans take care of the ever changing requirements of your child, be it the rising education cost, financial planning for his extracurricular developments or marriage. We understand each of your roles and participate with you to realize your child’s every dream.

Minimum/Maximum Age at entry (LBD)* for Life Insured	18/55 years
Minimum /Maximum Age at entry (LBD)* for beneficiary	90 days/17 years
Premium Payment term (years)	Same as policy Term
Minimum Annualised Premium	Rs. 18,000 p.a.
Maximum Annualised Premium	Till age 35 : 2 lakh 36-45 age: 1.25 Lakhs Age 46+ : 1 lakh
Policy Term	10, 15 & 20 years
Sum Assured	10 times the chosen Annualised Premium only
Premium Payment modes	Annual, Semi Annual, Quarterly, monthly and PSP (Payroll Savings Program)
*LBD :Age last Birthday

Death Benefit
In case of insured’s/Policyholder’s sudden demise, to take care of the unexpected emergencies and future planning of your child, your Policy entails following benefits:

Higher of Sum Assured or 105% of the Total Regular Premium paid is paid immediately to your beneficiary, subject to acceptance of claim by the company.
Future Premiums payments under the Policy will cease. In addition, the MetLife will credit on a regular basis an amount equivalent to one annualized regular premium as a part of Premium Waiver Benefit (PWB) on a monthly basis into Policyholder’s Fund.

The Policy shall continue to be in-force with deduction of all Policy Charges other than Mortality Charges and without any requirement to pay future premiums, till the date of maturity. To protect your savings from getting eroded by market volatility in your absence, the Fund Values lying in Flexi Cap, Virtue II & Multiplier II Funds, at the time of insured’s death will be transferred to Balancer II, which is a moderate risk fund and this will protect your loved ones financial interest along with a potential of upside in the savings. The entire future payments equivalent to annualized regular premiums will be credited to Balancer II Fund on a monthly basis following the date of notification. First such payment will happen on the monthly anniversary (ie the same day of each month as the date of commencement of the Policy) following the date of notification of death and on a monthly basis thereafter.

No servicing requests like premium redirection, partial withdrawals, fund switches etc. will be allowed in the event of the death of the insured.

Maturity Benefit
At the end of the Policy term, Fund Value along with Loyalty additions, as applicable, will be paid to you.

1. MetLife takes care of the premiums for the Policy in case of unfortunate demise of the parent.

2. Affordable investment with annual premium starting from Rs.18,000 p.a.

3. Systematic Transfer option to help you get the best of equity markets

4. Liquidity with Partial Withdrawals and unlimited switches to manage your funds

5. *Tax Benefits as applicable.