MetLife Mera Wealth Plan

• Investment plan that helps fulfill your goals
• Choose self managed option or systematic transfer option
• Earn loyalty additions from 6^th policy year
• Lump sum at maturity or structured payouts
• Create wealth to choose an investment option
• Life cover to ensure protection for the family
• Flexibility to choose single/limited/regular pay
• Facility of partial withdrawal
• Free Switching/Premium Re-direction/Partial Withdrawal
• Avail tax benefits

This policy offers following 6 investment funds, you can invest with subject to the minimum limit of 20% in any of the funds chosen.

• Protector-II
• Preserver-II
• Balancer-II
• Multiplier-II
• Liquid Fund
• Flexi Cap

You have the option to choose Self Managed Option (Invest your premiums amongst the six available funds) or Systematic Transfer Option (all new premiums are invested in protector-II fund). The Systematic Transfer Option is available on opting annual mode policies. Premium re-direction and switching option is not available under the Systematic Transfer Option.

Death Benefit

In the event of death of the life assured during the policy term and the policy is in-force, the nominee will receive the higher of Sum Assured less partial withdrawals, fund value, or 105% of total premiums paid.

Where Sum Assured = Multiple * Annualized Premium (or, single premium).

For Single Pay, Multiple is 1.25 and for other pay, it is higher of 10 or 0.5 * policy term.

Maturity Benefit

On survival of the life assured till end of the policy term, Total fund value as on the maturity date is payable. You also have the option to receive the maturity benefit as a lump sum or structured payout through settlement option.

Settlement Option

With the help of Settlement Option, you can receive maturity benefits through annually, semi annually, quarterly or monthly mode over a period of one to five years, after the date of maturity. The Settlement Option needs to be opted, prior maturity.

Loyalty Additions

Loyalty Additions are allocated at the end of every policy year, starting from the 6^th policy year. The allocation of loyalty addition units is guaranteed and it can’t be annulled under any circumstances. It is payable as applicable under the policy terms. For more details, please refer the policy brochure.

Switching

You can switch between available fund options to capitalize market opportunities. The minimum value of switch is Rs 5,000.

Premium Re-direction

Premium Re-direction is used to modify the allocation proportion of future premiums to various funds. You also have the option to alter the premium allocation proportion free of charge.

Partial Withdrawal

Partial Withdrawal is available on completion of the first 5 policy years, or on attaining 18 years whichever is later. The minimum partial withdrawal amount is Rs 5,000 and the maximum limit for such withdrawal during a policy year should not exceed 25% of the total fund value available at the beginning of the policy year. The minimum fund balance after any withdrawal should be equal to 25% of the single premium or one annualized premium.

Bonus

The plan is not eligible for the bonuses as it is a non-participating life insurance plan.

Loan Benefit

No loan benefit can be availed under this plan.

Surrender Value

The policy can be surrendered only after completion of the first 5 policy years. The Surrender Value payable is the Fund Value less Discontinuance Charges. After surrendering, the policy can’t be re-instated.

No rider is available under this plan.

Premium Allocation Charges: This charge is deducted from the premium paid and the balance is invested in various funds, as opted by you. This charge is levied as applicable under the policy term. For more details, please refer the policy brochure.

Policy Administration Charge: Monthly policy administration charge is levied by the redemption of units under the policy. Under premier mode, for single pay, it is lower of Rs 6000 or 850 increasing @3% p.a and for other pay options, it is lower of Rs 6000 or 2.20% of premium increasing @3% p.a. Under online mode, for single pay, it is lower of Rs 6000 or 850 increasing @3% p.a and for other pay options, it is lower of Rs 6000 or 5.50% of premium increasing @3% p.a.

Mortality Charges: Mortality charge is based on the option applicable, attained age of the life insured, rate and applicable Sum at Risk. Mortality charge is deducted on each Policy Month Anniversary.

Fund Management Charges: Fund management charge (FMC) is levied as a percentage of the value of assets under the unit fund. FMC is 1% p.a for Preserver II & Protector II, 1.15% p.a for Balancer II, 1% p.a for Liquid Fund, 1.25% p.a for Multiplier II & Flexi Cap, 0.50% p.a for Discontinued Fund.

Discontinuance Charge: This charge is levied as a percentage of the fund value or annualized/single premium. This charge is levied as applicable under the policy term. For more details, please refer the policy brochure.

Switching Charge/Premium Re-direction/Partial Withdrawal: No charges are levied for switching funds, premium re-direction, & partially withdrawing money from the fund.

Tax benefits can be availed as applicable under the Income Tax Act, subject to change in tax laws.

Mr. Praveen Pandey wants to invest in a plan that can ensure high returns for his investment. He chooses to buy MetLife Mera Wealth Plan- premier mode with the policy term of 20 years, premium payment term of 10 years, annual premium of Rs 5 Lacs.

Scenario A- Maturity Benefit: If Mr. Raman survives till maturity of the policy, he will receive the Total fund value. This maturity benefit helps fulfill long term financial goals.



Scenario B- Death Benefit: In the event of death of Mr. Raman during the 5^th policy year, Rs 50 Lacs is payable to the nominee. This death benefit provides financial security for the family.