Benefits-met-smart-platinum-plan

If the policyholder survives until the policy matures, he or she receives a Maturity Benefit, which is the Fund Value as on the maturity date. In the unfortunate event of the demise of the policyholder, the nominee receives a Death Benefit. The Death Benefit is the higher of: The Base Fund Value, or The Base Sum Assured minus any partial withdrawals, or 105% of the total Regular/Limited premiums paid. Based on the customers propensity to take risks, there is a choice of six Unit Linked Funds for investment. Liquidity is available in the form of partial withdrawals, which are allowed after the first five policy years are completed. The minimum withdrawal amount is Rs. 5000. Systematic Transfer Option allows the customer to take advantage of market volatility. Tax benefits are available on the premium paid and Death Benefit as per sections 80(C) and 10 (10D) of the Income Tax Act.