MetLife Bangladesh is the largest life insurer in the country. Its a fortune 500 Company Headquarter in New York, the U.S. Established in 1952, the company was popularly known as ‘ALICO’ or American Life Insurance Company until its acquisition by MetLife, Inc in November 2010 when it was co-branded as ‘MetLife Alico’ and later as ‘MetLife’ in 2015.
- About Metlife ALICO Bangladesh
- Type of Insurance Provided by Met life Bangladesh
About Metlife ALICO Bangladesh
Life insurance is a contract between the insurance company and the policyholder . The policyholder pays a regular amount/premium, in order to receive the coverage. Physical disability and critical illnesses can also be covered under a life insurance policy.
|Registered Name:||American Life Insurance Company|
|Market Leader||Since 1997|
|Number of Customers||More than 1 million|
|Number of Agencies:||217|
|Number of Financial Associates:||16,000 +|
|Financial Strength:||AAA Credit Rating in Bangladesh|
MetLife offers financial protection to the people of Bangladesh pension schemes, children’s education policy, Shariah based (Takaful) saving schemes and accident and health products. The products are designed to suit people of different age groups, professions and income ranges
Type of Insurance Provided by Met life Bangladesh
This is one of the most popular Life insurance package provided by Metlife Bangladesh. In the unfortunate event of a person Death , Its protects a persons child’s financial future by paying out a monthly sum of 1% of the Face Amount every month till the maturity. waiver of all future premiums in order to keep the policy active and in-force
Eligibility & Amount
The Insurance policy term is 10 to 21 Years. Child’s age 30 days to 5 years- Minimum Tk.1 Lakh and Maximum Tk.15 Lakh & age 6 years to 15 years- Minimum Tk.1 Lacks and Maximum Tk.2,0 lakh Taka.
Savings & Investment Scheme
1)Single Deposit Protection Scheme (SDPS)
the one-time premium charge is deducted from the collected form a single deposit. The net amount then goes into the individual account. provides for Accidental Death, Accidental Permanent Partial Disability, and Accidental Permanent Total Disability. Minimum age – 18 YearsMaximum age – 61 years. only the existing customers of MetLife are privileged to purchase this policy.
2) Income Growth Plan
The Income Growth Plan also provides personal accident coverage in case of your death, disability or injury due to the accident he plans is split into two phases. The first phase is for a period of 7 years and then the second phase starts from the 8th year and includes the rest of the term.
3) Three Payment Plan
scheme encompassing life insurance and savings protection, 50% of the face amount is paid before the maturity of the policy. MetLife pays you 50% of the Face Amount before the maturity of the policy. It combines both death and living benefits. The death benefit payment of the full Face Amount (along with bonuses) is paid in the event of death at any time during the term of the policy. 3PPP is available in 12, 15, 18, 21 or 24-year terms. Basic Face Amount Minimum BDT 1 Lacks and maximum BDT 10,000,000.
4) DPS Super
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