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Met Fortune
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UIN: 117L060V01
Features
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IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
We at MetLife understand that your hard earned money should work equally harder for you. Hence we bring to you Met Fortune, which is short term investment cum protection single premium plan which comes with a unique Return Guarantee Fund -II, which guarantees the minimum NAV with an upside potential.
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| Policy Term |
6 years |
| Minimum Age at Entry |
18 years |
| Maximum Age at Entry |
69 years |
| Minimum Premium (in Rupees) |
Rs 18,000 |
| Maximum Age at Maturity |
75 years |
| Sum Assured Multiple |
1.25 |
| Premium Payment Modes |
Single |
Death Benefit
In the unfortunate event of your demise, while the policy is in force & before the maturity date, your nominee will get the following death benefit
i) If the death of the Person Insured occurs before the attainment of age 60:
The death benefit payable will be higher of
- The Fund Value (the value of units pertaining to Single Premium Account) or
- Sum Assured less all Partial Withdrawals (excluding Top-Up Premium Account) made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured.
ii) 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 Fund Value (the value of units pertaining to Single Premium Account) or
- Sum Assured less all Partial Withdrawals (excluding Top-Up Premium Account) 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.
In addition to the above Top-up Fund Value will be payable to the nominee. 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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1.
Single Pay Investment cum protection plan.
2. Minimum guaranteed NAV with Return Guarantee Fund -II along with the upside potential.
3. Flexibility of partial withdrawal to meet emergency needs.
4. *Tax Benefits as applicable.
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Disclaimers:
- For more details on risk factors , terms and conditions please read sales brochure carefully before concluding a sale”. Insurance is the subject matter of the solicitation.
*Tax benefits are as per the provisions of Income Tax Act, 1961, and the same are subject to amendments made thereto from time to time, please consult your tax consultants for more details.
- The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAV’s of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
- MetLife India Insurance Co. Ltd. is only the name of the Insurance Company and Met Fortune is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
LD/2009-10/EC663/876
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