Packaged SME Employee Benefits Plans

Groups having at least 5 employees can avail SME Packaged plan. However, this is applicable to all except Maternity coverage. Groups having a minimum of at least 10 married females can have In Patient- Maternity coverage.

While the employer must fill out a special Packaged Plan Application Form to avail this package, each employee and dependent (for Medical coverage only), must also fill out the Group Health Statement or G-42 Form.

Although it is a Pre-underwritten product package, MetLife underwriters hold the right to decline providing coverage to any employee or dependent who does not appear to represent acceptable risk or health condition either from initial screening of the G-42 Form or from further medical tests conducted by MetLife on the applicant at the former’s own cost.

Unlike the Tailor Made Solutions, the premium rates for the “Packaged” Benefits are pre-determined and are based on the date of birth of the individual employee or dependent. Since the rates are reviewed periodically by MetLife underwriters, the rates during policy renewal may change even if an employee remains within the same age range.

This PDF file provides a glossary of insurance terms and definitions that are commonly used in the insurance business. Click Here

This brochure will give you detail information about MetLife's SME plan. Click Here