Metlife launches Met Smart Premier, Plus variants of ULPIP

New Delhi, July 18 (UNI) Insurance player MetLife-today announced the launch of Met Smart Plus and Met Smart Premier -- the new and improved variants of their Unit-Linked Permanent Insurance plan.

Designed in accordance with the recently issued Insurance Regulatory Development Authority's (IRDA) ULIP guidelines, both Met Smart Plus and Premier retain their previous quality of transparency, while providing life cover up to the age of 100.

These products also offer the flexibility of choosing one's cover as well as the amount of premium paid. With a 'never-before' choice of six investment fund options to suit one's risk/return profile, Met Smart Plus and Met Smart Premier, allow the flexibility to switch between funds to suit ones risk profile.

Met Smart (Plus&Premier) have a minimum sum assured of Rs 60,000 with no upper limit. It also has a flexible premium paying option after the third policy year. A policy holder has the option of increasing or skipping premium payments as and if the situation so demands There is the option to withdraw from funds anytime after the third policy year to meet one's financial requirements, and the first two partial withdrawals in each policy year are free of charge.

MetLife India Insurance Company Private Limited (MetLife) is an affiliate of MetLife, Inc. and was incorporated as a joint venture between MetLife International Holdings, Inc, the Jammu and Kashmir Bank, M Pallonji and Co Private Limited and other private investors.

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