MetLife Products

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Currently MetLife is the largest life insurer in the country. It serves over a million customers and is a major employer in Bangladesh with about 18,000 field force and employees.

METLIFE CHILD’S EDUCATION PROTECTION PLAN (MCEPP)

 

overview

My Child’s Education Protection Plan (MCEPP) is a comprehensive life insurance plan where one can invest for their children’s future with the assurance of ensuring higher education while protecting them from the uncertainties of life.
 

Investment with Protection:

The moment one starts saving with the Plan he/ she will start enjoying a guaranteed level of life insurance protection. This protection means that in case of payor’s death, the beneficiary(ies) will receive:

  • 100% of the Face Amount as lumpsum less any indebtedness.
  • To continue the insured child’s educational expenses, a benefit at the rate of 2% of the Face Amount per month will be paid till one month before the maturity of the policy.
  • The policy will remain in force till the coverage period, all the subsequent premiums covered by the policy will be waived and the beneficiary will receive the maturity benefits.

In case of the unfortunate event of insured child’s untimely death,

  • The sum of the premiums paid by customer under the policy or the basic cash value, whichever is greater, and the accumulated bonuses less any indebtedness will be paid as per the terms & conditions of the policy.

 

Maturity Benefit:

At the end of the Premium Payment Term, 50% of the Face Amount will be paid less any indebtedness. At the end of the Coverage Period, remaining 50% of the Face Amount with accrued bonus/es (if declared by the company) will be paid less any indebtedness as per the terms and conditions of the policy.

 

Build-up of Cash Value:

Basic Cash Value of the Policy is based on the Tables of Cash Values as determined by the Company from time to time. Total Cash Value of the Policy is the Basic Cash Value plus the Cash Value of any Reversionary bonuses standing to the credit of the Policy.

 

Complete Surrender:

There will be no surrender value if the Policy is surrendered anytime during the first 2 years. Upon surrender at any time after two years the Policy owner will receive Basic Cash Value and Cash Value of Reversionary Bonus. Even if this Policy gets surrendered after two years, the surrender value might be less than the paid premium.

 

Policy Loan:

The customer may also take loan up to 85% of the cash value, if required, as provided in the policy provisions.

 

Optional Riders:

You can add many valuable optional benefits to your basic Policy from the following riders by paying additional premium:

  • Personal Accident Coverage: This optional rider will provide financial protection in case of accidental death, permanent disability & dismemberment due to accidents.
  • You or your family member can get minimum BDT 1,000 to a maximum of BDT 20,000 per day stay at a hospital due to accident or sickness.
  • Hospital Care: Weekly Benefit when you and your family members are hospitalized due to accident or sickness. The In-Hospital Weekly Cash Income is doubled for the first 2 weeks of confinement, if you or any of your insured family members are hospitalized due to 9 Dread Diseases.
  • Critical Care: Lump sum payment in case of diagnosis of or actual undergoing of surgery, as the case may be, for any of the covered 25 dread diseases.

*These benefits will not reduce your life coverage.

 

More Benefits:

Income Tax Rebate:

By investing in this policy, policy holders can become eligible for income tax rebate at the applicable rates as per law of the government of Bangladesh which may vary from time to time.

Access to 360Health Service*:

360Health offers an end-to-end health solution for the users starting from 24/7 Free online consultation with doctors (premium user), BMI Calculator, Cardiac Risk Assessment and Diabetic Risk Assessment tools for users and family members. Users can also avail up-to 45% discount on diagnostics at 100+ Local & International partner hospitals.

MetLife 360Health, Protecting your health today and to tomorrow.

*T&C Applicable

 

IMPORTANT DETAILS

Eligibility & Term:

  • For insured child, the minimum age is 30 days and maximum is 15 years.
  • For Guardian, the minimum age is 21 years and maximum is 55 years.
  • However, the sum of the insured child’s age & the term of the Plan cannot exceed 27 years.
  • The term of the Plan can be of any period from 12 to 20 years.
  • The optional riders will terminate on completion of the applicable conditions, which could be earlier than the maturity date of the policy.

Premium Paying Term: 2 years Less than the Coverage Period.

Basic Premium & Modes:

  • Annual
  • Semi-annual
  • Quarterly
  • Monthly

In case of monthly premium payment if the payment is less than BDT 2,500, EFT will be applicable.

Basic Face Amount:

This is the guaranteed amount payable on death of the insured customer. The minimum Face Amount is BDT 200,000 and maximum Face Amount will be determined as per company’s underwriting guidelines.

*The benefits mentioned above will be net of any indebtedness.

 

ব্যাংক এবং বীমাকারীর দায়িত্ব স্পষ্টীকরণ :

এই প্রচারপত্রে উল্লিখিত বীমা পলিসি বিষয়ে ইস্টার্ন ব্যাংক পি ল সি কর্পোরেট বীমা প্রতিনিধির  দায়িত্ব পালন করবে  এবং বীমাকারী  প্রতিষ্ঠান বীমাপত্রের অধীনে উল্লিখিত সকল শর্তাবলীর দায়ভার গ্রহণ করবে।

বীমা সম্পর্কিত সকল অনুসন্ধান-এর জন্য নিম্ন লিখিত ঠিকানায়  যোগাযোগ করুনঃ

মেটলাইফ বাংলাদেশ, মেটলাইফ বিল্ডিং, ১৮-২০, মতিঝিল বা/এ, পিও বক্স নম্বর- ৯, ঢাকা বাংলাদেশ- ১০০০

কল করুন ১৬৩৪৪ নম্বরে

আন্তর্জাতিক ডায়াল-ইন নম্বর- +৮৮০৯৬৬৬৭১৬৩৪৪

আমাদের ফ্যাক্স করুন- +৮৮-০২-৯৫৫৮৬৮২


FAQ

 

METLIFE 3 PAYMENT PLAN (M3PP)

 

overview

MetLife Three Payment Plan or M3PP is a life insurance contract designed to pay an attractive maturity value with bonuses on its maturity or on death of insured. It works as a financial security that works in 3 installments where 2 installments worth (25% + 25%) = 50% of face amount will be paid before reaching the maturity value and the rest of the 50% with accrued bonuses will be paid at maturity.

 

Investment with Protection:

The moment one starts saving with the Plan he/ she will start enjoying a guaranteed level of life insurance protection. As mentioned earlier the 3-installment benefit makes this policy different from other plans. The three-installment plan works in the following way:

  • 25% of the Face Amount will be provided at the 1/3rd of the policy term.
  • Another 25% of the Face Amount will be provided at the 2/3rd of the policy term.
  • Rest of the 50% along with Reversionary and Terminal Bonuses will be provided at the end of the maturity period.

This protection means that in case of insured customer’s death, the beneficiary(ies) will receive:

Death coverage plus accrued Reversionary Bonus/es plus Terminal Bonus/es (if declared by the company), where death coverage is determined as:


For policy term 12 to 15 years

Lumpsum 100% of FA less debt

For policy term 18 years and above

During the first 1/3rd of the policy term: 100% of FA less debt

After the first 1/3rd of the policy term till the 2/3rd of the policy term:

125% of FA less debt

After the first 2/3rd of the policy till maturity:

150% of FA less debt

 

Maturity Benefit:

 At Policy maturity, the Face Amount plus accrued bonus/es (if declared by the company) will be paid.

Build-up of Cash Value:

Basic Cash Value of the Policy is based on the Tables of Cash Values as determined by the Company from time to time. Total Cash Value of the Policy is the Basic Cash Value plus the Cash Value of any Reversionary bonuses standing to the credit of the Policy.

Complete Surrender:

There will be no surrender value if the Policy is surrendered anytime during the first 2 years. Upon surrender at any time after two years the Policy owner will receive Basic Cash Value and Cash Value of Reversionary Bonus. Even if this Policy gets surrendered after two years, the surrender value might be less than the paid premium.

Policy Loan:

The customer may also take loan up to 85% of the cash value, if required, as provided in the policy provisions.

Optional Riders:

You can add many valuable optional benefits to your basic Policy from the following riders by paying additional premium:

  • Personal Accident Coverage: This optional rider will provide financial protection in case of accidental death, permanent disability & dismemberment due to accidents.
  • You or your family member can get minimum BDT 1,000 to a maximum of BDT 20,000 per day stay at a hospital due to accident or sickness.
  • Hospital Care: Weekly Benefit when you and your family members are hospitalized due to accident or sickness. The In-Hospital Weekly Cash Income is doubled for the first 2 weeks of confinement, if you or any of your insured family members are hospitalized due to 9 Dread Diseases.
  • Critical Care:: Lump sum payment in case of diagnosis of or actual undergoing of surgery, as the case may be, for any of the covered 25 dread diseases.

*These benefits will not reduce your life coverage.

 

More Benefits:

 

Income Tax Rebate:

By investing in this policy, policy holders can become eligible for income tax rebate at the applicable rates as per law of the government of Bangladesh which may vary from time to time.

Access to 360Health Service*:

360Health offers an end-to-end health solution for the users starting from 24/7 Free online consultation with doctors (premium user), BMI Calculator, Cardiac Risk Assessment and Diabetic Risk Assessment tools for users and family members. Users can also avail up-to 45% discount on diagnostics at 100+ Local & International partner hospitals.

MetLife 360Health, Protecting your health today and to tomorrow.

*T&C Applicable

 

IMPORTANT DETAILS

Eligibility & Term:

The minimum age of the insurer is 30 days and maximum is 60 years. Only in case of 24 years term the maximum issue age of the insured should be 55 years. The term of the Plan can be 12, 15, 18, 21 and 24 years depending on the age of the payor.

The optional riders will terminate on completion of the applicable conditions, which could be earlier than the maturity date of the policy.

Basic Premium & Modes:

  • Annual
  • Semi-annual
  • Quarterly
  • Monthly mode (if the payment is less than BDT 2,500, EFT will be applicable and minimum Face Amount is BDT 300,000).

Basic Face Amount:

This is the guaranteed amount payable on death of the insured customer. The minimum Face Amount is BDT 200,000 and maximum Face Amount will be determined as per company’s underwriting guidelines.

For Juvenile Insurance:

  • Age 30 days to 5 years – Minimum BDT 200,000, Maximum BDT 20,00,000.
  • Age 6 years to 15 years – Minimum BDT 200,000, Maximum BDT 25,00,000.

*The benefits mentioned above will be net of any indebtedness

 

ব্যাংক এবং বীমাকারীর দায়িত্ব স্পষ্টীকরণ :

 

এই প্রচারপত্রে উল্লিখিত বীমা পলিসি বিষয়ে ইস্টার্ন ব্যাংক পি ল সি কর্পোরেট বীমা প্রতিনিধির  দায়িত্ব পালন করবে  এবং বীমাকারী  প্রতিষ্ঠান বীমাপত্রের অধীনে উল্লিখিত সকল শর্তাবলীর দায়ভার গ্রহণ করবে।

বীমা সম্পর্কিত সকল অনুসন্ধান-এর জন্য নিম্ন লিখিত ঠিকানায়  যোগাযোগ করুনঃ

মেটলাইফ বাংলাদেশ, মেটলাইফ বিল্ডিং, ১৮-২০, মতিঝিল বা/এ, পিও বক্স নম্বর- ৯, ঢাকা বাংলাদেশ- ১০০০

কল করুন ১৬৩৪৪ নম্বরে

আন্তর্জাতিক ডায়াল-ইন নম্বর- +৮৮০৯৬৬৬৭১৬৩৪৪

আমাদের ফ্যাক্স করুন- +৮৮-০২-৯৫৫৮৬৮২

 

FAQ


Lifeline

 

overview

This policy intends to serve as a retirement plan for the policyholder. The primary idea behind this policy is that after paying a specific amount of premium within a specific time frame (Premium Payment term), the policyholder will be able to take advantage of a pension amount in the following days either on a monthly/ annual basis (Investment Accumulation period), depending on his or her preference.

 

Investment with Protection:

  • During Premium Payment Phase: Beneficiary will get basic face values plus accrued reversionary and terminal bonus less any outstanding debt of the company in the event of death of the insured.
  • During Investment Accumulation Phase: In the event of the insured’s death, the beneficiary will get the principal amount. If a pension is left with MetLife to accrue interest, the death benefit will equal the principal amount plus the accumulated value of the pension.

Pension Amount:

Pension amount is calculated as a percentage of Principal Amount. The percentage is called “Coupon Rate”. The coupon rate cannot be lower than 2% of Principal Amount annually.

Maturity Benefit:

The principal amount will be the maturity benefit. If a pension is let to grow with interest at MetLife, the maturity benefit will equal the principal amount plus the pension’s cumulative value.

Build-up of Cash Value:

Basic Cash Value of the Policy is based on the Tables of Cash Values as determined by the Company from time to time. Total Cash Value of the Policy is the Basic Cash Value plus the Cash Value of any Reversionary bonuses standing to the credit of the Policy.

Complete Surrender:

  • Cash surrender during premium payment phrase: After premiums have been paid for 2 years, the account starts to generate cash value. After this period, if policy owner surrenders the policy, s/he will receive total cash value less any indebtedness. Total cash value is the basic cash value plus cash value of the reversionary bonus.
  • Surrender benefit during investment accumulation phrase: Policy owner will receive principal amount. If pension is left with MetLife, principal amount plus the accrued interest on pension.

Policy Loan:

The customer may also take loan up to 85% of the cash value, if required, as provided in the policy provisions.

Optional Riders:

You can add many valuable optional benefits to your basic Policy from the following riders by paying additional premium:

  • Personal Accident Coverage: This optional rider will provide financial protection in case of accidental death, permanent disability & dismemberment due to accidents.
  • You or your family member can get minimum BDT 1,000 to a maximum of BDT 20,000 per day stay at a hospital due to accident or sickness.
  • Hospital Care: Weekly Benefit when you and your family members are hospitalized due to accident or sickness. The In-Hospital Weekly Cash Income is doubled for the first 2 weeks of confinement, if you or any of your insured family members are hospitalized due to 9 Dread Diseases.
  • Critical Care: Lump sum payment in case of diagnosis of or actual undergoing of surgery, as the case may be for any of the covered 25 dread diseases.

*These benefits will not reduce your life coverage.

 

More Benefits:

Income Tax Rebate:

By investing in this policy, policy holders can become eligible for income tax rebate at the applicable rates as per law of the government of Bangladesh which may vary from time to time.

Access to 360Health Service*:

360Health offers an end-to-end health solution for the users starting from 24/7 Free online consultation with doctors (premium user), BMI Calculator, Cardiac Risk Assessment and Diabetic Risk Assessment tools for users and family members. Users can also avail up-to 45% discount on diagnostics at 100+ Local & International partner hospitals.

MetLife 360Health, Protecting your health today and to tomorrow.

*T&C Applicable

 

Important Details

 

Eligibility & Term:

The minimum age at the date of issuance of the policy is 18 years and maximum is 55 years. The term of the Plan can be up to policyholder attaining the age of 100 years and premium paying term is 10-20 years depending on the age of the payor.

The optional riders will terminate on completion of the applicable conditions, which could be earlier than the maturity date of the policy.

Basic Premium & Modes:

  • Annual
  • Semi-annual
  • Quarterly
  • Monthly

In case of monthly premium payment if the payment is less than BDT 2,500, EFT will be applicable.

Pension payment options:

At the beginning of investment accumulation phrase, following options are available:

  • Annual Pension or
  • Monthly pension or
  • Leave your pension with MetLife to accumulate with interest.

 

Basic Face Amount:

The minimum Face Amount is BDT 150,000 and maximum Face Amount will be determined as per company’s underwriting guidelines.

*The benefits mentioned above will be net of any indebtedness.

 

ব্যাংক এবং বীমাকারীর দায়িত্ব স্পষ্টীকরণ :

 

এই প্রচারপত্রে উল্লিখিত বীমা পলিসি বিষয়ে ইস্টার্ন ব্যাংক পি ল সি কর্পোরেট বীমা প্রতিনিধির  দায়িত্ব পালন করবে  এবং বীমাকারী  প্রতিষ্ঠান বীমাপত্রের অধীনে উল্লিখিত সকল শর্তাবলীর দায়ভার গ্রহণ করবে।

বীমা সম্পর্কিত সকল অনুসন্ধান-এর জন্য নিম্ন লিখিত ঠিকানায়  যোগাযোগ করুনঃ

মেটলাইফ বাংলাদেশ, মেটলাইফ বিল্ডিং, ১৮-২০, মতিঝিল বা/এ, পিও বক্স নম্বর- ৯, ঢাকা বাংলাদেশ- ১০০০

কল করুন ১৬৩৪৪ নম্বরে

আন্তর্জাতিক ডায়াল-ইন নম্বর- +৮৮০৯৬৬৬৭১৬৩৪৪

আমাদের ফ্যাক্স করুন- +৮৮-০২-৯৫৫৮৬৮২

 

FAQ