SME Employee Benefits Package

Foster employee loyalty with competitive benefits.

What is the SME Employee Benefits Package?

The key to success for any enterprise lies in the strength of its people. Employees’ well-being and job satisfaction are vital to the growth and prosperity of your business. MetLife offers a Protection Scheme for Small & Medium Enterprises (SME) employees and their families, called SME Employee Benefits Package, to ensure their health and financial future are protected.

Why choose the SME Employee Benefits Package?

Satisfy the insurance needs of your business and workforce;
Gain a competitive edge to attract & retain talented employees;
Demonstrate long-term commitment to employees & foster loyalty;
Reward long-standing employees with a secure future;
It provides 24 hours a day and 365 days a year worldwide protection;
Unutilized premium of leaving employee is adjustable against the premium for new employees;
Affordable premiums

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Benefits of SME Employee Package

Group Life 4 (Death due to – Accident & Sickness)

In the event of the insured employee’s death due to accident or sickness occurring anywhere in the world, except for death resulting from active participation in war or war-like operations and suicide, in the first year of coverage, the benefit amount shall be paid in a lump sum to his/her beneficiary.

Accidental Death

If an accidental injury results in the death of an insured employee, the insured amount shall be paid to his/her beneficiary.

Dismemberment, Loss of Sight, Hearing, and Speech Indemnity

If an accidental injury results in any of the following losses to an insured employee, the payment shall be made in one lump sum to the insured employee in accordance with the applicable percentage indicated here below to be applied to the insured amount.

Disability	Applicable Percentage	Disability	Applicable Percentage	Disability	Applicable Percentage
Loss of Both Hands or Both Feet	100%	Loss of either Hand or Foot and Sight in one eye	100%	Loss of either Hand or Foot	50%
Loss of Sight in Both Eyes	100%	Loss of Speech	100%	Loss of Sight in one Eye	50%
Loss of one Hand and one Foot	100%	Loss of Hearing in Both Ears	100%	Loss of Thumb & Index Finger	25%

Total and Permanent Disability

If, as the result of an accidental injury, an insured employee becomes Totally Disabled, which disability has continued for a period of twelve (12) consecutive months and is unable to engage in any gainful occupation or employment for the remainder of the Insured employee’s life, the benefit amount shall be paid in a lump-sum to such Insured employee.

Accidental Medical Expenses Reimbursement (AMR)

If, as a result of an accidental injury, an insured employee shall require treatment by a physician, use of hospital facilities, or the employment of a licensed or graduate nurse while at the hospital, the Reasonable, Customary and Necessary medical expenses incurred within fifty two (52) weeks from the date of the accident for such physician treatment, hospital charges and nurses fees, which are in excess of the deductible (Rs. 500 ) and up to insured amount limit stated in the Policy shall be paid.

Accidental Weekly Disability Indemnity (AWI)

If, as the result of an accidental injury, an insured employee is Totally Disabled and remains so continuously for a period in excess of the Elimination Period i.e. 1 week (7 days), the Weekly Accidental Disability Indemnity applicable to such Insured employee not exceeding 75% of weekly earned income shall be paid periodically beginning with the first day following such Elimination Period, for the continuous duration of Total Disability, but not to exceed the maximum period of fifty two (52) weeks.

In-Hospital Weekly Income – Accident & Sickness (IH- A&S)

When, as the result of accidental Injury or commencement of sickness, an insured employee shall be necessarily confined within a hospital as an In-patient for at least 24 hours under the continuous attendance of a physician, the Weekly Benefit stated in the Policy shall be paid, for each week that the Insured person shall be confined therein, up to fifty-two (52) weeks, commencing immediately following the Elimination Period (1 day) and Sickness In-Hospital Waiting Period (31 days) stated in the Policy.

Benefits	PACKAGE 1				PACKAGE 2
	Insured Amount (Rs.)	Age*	Occupation / Annual Premium (Rs.)		Insured Amount (Rs.)	Age*	Occupation / Annual Premium (Rs.)
	Insured Amount (Rs.)	Age*	A & B	C & D	Insured Amount (Rs.)	Age*	A & B	C & D
		16-24	1,113	1,352		16-24	1,569	2,047
		25-29	1,130	1,369		25-29	1,603	2,081
Life - Death due to A & S	50,000	30-34	1,136	1,375	100,000	30-34	1,615	2,094
Accidental Death, Dismemberment, PTD	100,000	35-39	1,175	1,414	200,000	35-39	1,693	2,171
Accidental Medical Reimbursement	5,000	40-44	1,257	1,496	10,000	40-44	1,856	2,334
Accidental Weekly Disability Indemnity	700	45-49	1,399	1,638	1,400	45-49	2,141	2,619
In-Hospitalization Weekly Income - A & S	2,000	50-54	1,660	1,899	2,000	50-54	2,662	3,141
(Minimum 5 eligible employees are required for this benefit.)		55-59	2,034	2,273		55-59	3,411	3,889
		60-64	2,614	2,853		60-64	4,571	5,050
Optional	100,000	16-24	229		200,000	16-24	458
		25-29	311			25-29	621
Critical Illness (13 Diseases)		30-34	458			30-34	916
Critical Illness (13 Diseases)		35-39	787			35-39	1,573
(Minimum 20 eligible employees are required for this benefit.)		40-44	1,349			40-44	2,698
		45-49	2,355			45-49	4,709
		50-54	3,164			50-54	6,328
		55-59	5,152			55-59	10,304
		60-64	7,731			60-64	15,461

Benefits	PACKAGE 3				PACKAGE 4
	Insured Amount (Rs.)	Age*	Occupation / Annual Premium (Rs.)		Insured Amount (Rs.)	Age*	Occupation / Annual Premium (Rs.)
	Insured Amount (Rs.)	Age*	A & B	C & D	Insured Amount (Rs.)	Age*	A & B	C & D
		16-24	3,923	5,119		16-24	7,315	9,394
		25-29	4,007	5,202		25-29	7,482	9,562
Life - Death due to A & S	250,000	30-34	4,039	5,234	500,000	30-34	7,547	9,626
Accidental Death, Dismemberment, PTD	500,000	35-39	4,232	5,428	1,000,000	35-39	7,934	10,013
Accidental Medical Reimbursement	25,000	40-44	4,640	5,836	50,000	40-44	8,749	10,828
Accidental Weekly Disability Indemnity	3,500	45-49	5,352	6,548	5,000	45-49	10,173	12,252
In-Hospitalization Weekly Income - A & S	5,000	50-54	6,656	7,851	10,000	50-54	12,781	14,860
(Minimum 5 eligible employees are required for this benefit.)		55-59	8,527	9,723		55-59	16,523	18,602
		60-64	11,428	12,624		60-64	22,325	24,405
Optional	500,000	16-24	1,145		1,000,000	16-24	2,291
		25-29	1,553			25-29	3,105
		30-34	2,291			30-34	4,582
Critical Illness (13 Diseases)		35-39	3,933			35-39	7,865
Critical Illness (13 Diseases)		40-44	6,745			40-44	13,491
(Minimum 20 eligible employees are required for this benefit.)		45-49	11,773			45-49	23,545
		50-54	15,820			50-54	31,640
		55-59	25,760			55-59	51,520
		60-64	38,653			60-64	77,305

* Last Birthday Age

Occupational Classification

Class A: Individuals in non-hazardous Occupations with office or travel duties, such as executives, senior management of companies with mostly administrative functions, bankers, accountants, lawyers and similar occupations.

Class B: Individuals facing limited exposure to occupational hazards with superintending, engineering or medical duties, such as plant superintendents, engineers, foremen, physicians, nurses, inspectors, outdoor salesmen and similar occupations.

Class C: Individuals with occupational hazards, such as industrial workers, most of whom are skilled or semi-skilled workers using machinery. Also in this group will be found filling station attendants, farmers, tradesmen, retail delivery clerks, veterinarians, drivers, masons, carpenters and policemen not using motorcycles.

Class D: Individuals with occupational hazards, such as industrial workers using heavy machinery or unskilled laborers, off-shore, oil & gas fields, etc.

First policy issue date: 01/06/2011

MetLife Group Insurance Policies contain certain exclusions, deductibles, limitations. Contact MetLife representative or call us for more information.

SME Policy Wording

सूचना

SME Employee Benefits Package

What is the SME Employee Benefits Package?

Find the right insurance for your organization

Benefits of SME Employee Package

Group Life 4 (Death due to – Accident & Sickness)

Accidental Death

Dismemberment, Loss of Sight, Hearing, and Speech Indemnity

Total and Permanent Disability

Accidental Medical Expenses Reimbursement (AMR)

Accidental Weekly Disability Indemnity (AWI)

In-Hospital Weekly Income – Accident & Sickness (IH- A&S)

Occupational Classification

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