Endowment

Secures your Family,

Secures your Future

No one knows what the unforeseen future holds. But it is easier

to plan for a secure future, if you are aware and conscious in
to whatever’s going on around you.
Here comes MetLife with Endowment Policy to help you
planning for a financially secure future. Endowment Policy is a
long-term 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 to your family as well
as a fascinating saving scheme for your better future.

Why do you need Endowment Plan?

Being young doesn’t assure your tomorrow’s good health or
earning. Amidst all these uncertainties, it’s your responsibility
to ensure future financial security for you and your family/
future family. To be prepared for the uncertain future, take
it as a plan for both the saving scheme and insurance Policy.
 Endowment at a Glance

Min: 30 days
Issue age
Max: 55 years
Min. Face Amount: BDT 100,000.
Max. Face Amount: Face Amount will be determined as per
company’s underwriting guidelines.
Face Amount For Juvenile Insurance:
Age 30 days to 5 years- Minimum BDT 100,000 and Maximum
BDT 2,000,000.
Age 6 years to 15 years- Minimum BDT 100,000 and Maximum
BDT 2,500,000.

Policy Term 10-20, 25 and 30 years.

Premium Payment Monthly, Quarterly, Semi-annually, and Annually

Modes Please note that in case of monthly payment mode, only
EFT Debit is applicable.
In case of unfortunate death of the insured, beneficiary will get the
Death Benefit
Face Amount plus accrued bonus/es (if declared by the company).

At Policy Maturity, the Face Amount plus accrued bonus/es (if

Maturity Benefit declared by the company) will be paid.
This Policy will participate in bonus declared in the form of
Reversionary Bonus and Capital Growth Bonus (Terminal
Bonuses
Bonus), if applicable. Please note that mentioned bonuses are
not guaranteed.
If the premium remains unpaid after grace period (31 days from
Policy Lapse due date) and has not acquired a Basic Cash Value, this Policy
shall not provide any value/benefit.
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
Policy Surrender
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.
Suicide (within two years from the date of issue or from the
date of any reinstatement of the Policy), War or AIDS- all are
Exceptions
exceptions in this Policy. Please read Policy document for
details on exceptions.
Underwriting
Company’s existing underwriting guidelines will be applicable.
Guidelines
 Personal Accident Coverage (Plus)

If you pay additional premium and qualify for Accident Coverage, you can also
avail additional benefits in case of your death, disability or injury due to accident
within the premium paying period. The following table shows the amount of
benefits:

Accidental Death Benefit 100% of face amount

Permanent Total Disability Benefit 100% of face amount
Permanent Partial Disability Benefits are applicable for the following
losses:
Loss of both Hands or Feet or Eyesight 100% of face amount
Loss of one Hand and One Foot 100% of face amount
Loss of either Hand/Foot and Sight of One Eye 100% of face amount
Loss of hearing of Both Ears 100% of face amount
Loss of speech 100% of face amount
Loss of either Hand or Foot 50% of face amount
Loss of sight of One Eye 50% of face amount
Loss of thumb and Index Fingers 25% of face amount
Medical Expenses Reimbursement (Maximum) 15% of face amount

Personal Accidental Coverage provides maximum of BDT 5,000,000 and its

proportionate amount as mentioned above.
For Housewives, and insureds of age 25 or below, the Maximum Coverage
would be BDT 5,000,000.

Valuable Optional Riders

You can add many valuable optional benefits to your basic Policy from the
following riders by paying additional premium:
• MediCare: 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.
• Waiver of Premium: Premium waived if totally disabled due to accident or
sickness for more than six months.

• Hospital Care: Weekly Benefit when you and your family members are
hospitalized due to accident or sickness.

• Accident Indemnity Certificate (AI): Weekly payments of BDT 750 per BDT
100,000 Face Amount if totally disabled due to accident.

• 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.
• Accident Indemnity Certificate (AI)/Limited Accident Insurance
Certificate (AX): Lump sum payment up to 2 times of Face Amount for loss
of limbs due to accident and up to 2 times of Face Amount due to death
caused by accident while travelling in a common carrier.

• Accidental Death Benefit: Up to 2 times of Face Amount due to death

caused by accident.

*These benefits will not reduce your life coverage.

Am I eligible to buy this Policy?

If your age is between 30 days to 55 years, you are eligible to buy this policy.

How do I enroll for this Policy?

If you are interested in this Policy, you may visit nearest MetLife Agency Office/
Customer Touch Point/Sales Office to discuss with a Financial Associate (or)
you can submit your inyerest through our website www.metlife.com.bd/find-
agent/. Fill out the application form and submit it with required documents and
pay the first premium. It’s that easy!
 How do I pay Premium?

If yor are interested in this Policy, please fill-in the application form and submit
it along with the first premium amount. For subsequent premiums, you can
consider either of the following options-

• EFT Debit - You can pay premium through EFT Debit enabled bank by
providing single instruction in the EFT Debit Form. Please check our website
for the list of EFT Debit enabled banks.
• Internet Banking - If you are an account holder of Dutch Bangla Bank, HSBC
Bank, Standard Chartered Bank, The City Bank, Prime Bank and BRAC Bank
then you can use their internet banking service to pay your premium.
• Agent Banking - You can make premium payment in cash at branch or agent
outlets of Bank Asia, and One Bank Limited.
• ATM/Cash Deposit Booth - You can pay your Policy premium through BRAC
Bank or Dutch-Bangla Bank ATM booth.
• Mobile Banking - You can pay premiums using Rocket (DBBL Mobile
Banking), bKash, or Trust Bank Mobile Money services.
• Customer Touch Point & Sales Office - You can also make Premium & Other
Payments at our Customer Touch Points across Bangladesh from 9:00 a.m. to
5:00 p.m. on Sundays through Thursdays except Government Holidays. List
of our customer touchpoints and sales offices are available at our website.
• One Customer Place - You can make Premium & Other Payments at our ONE
Customer Place (OCP) located at MetLife Building, 18-20 Motijheel C/A (Ground
Floor- North Side), Dhaka-1000, Bangladesh.
 How to make a claim under this Policy?

• You can courier your filled-out claim form with required documents to the
following address: Claims Department, American Life Insurance Company
(MetLife Bangladesh), MetLife Building, 18-20 Motijheel C.A., Dhaka – 1000,
Bangladesh or you can submit the claims form to our nearest customer touch
points/sales offices.
• You can email us at claimsbangladesh@metlife.com.bd
• You can also send fax at +88 02 47112111
• Claims related forms and required document list are available on our website
(https://www.metlife.com.bd/claims/required-documents/).

Key Insurance Terms

• Premium: Premium is the amount payable by the owner to the company in

respect of the Policy and the Rider.

• Beneficiary: Beneficiary is the person designated by the Policy owner to

receive the death benefit amount in the event of death of the Insured.
• Rider: Rider is the addotional insurance Policy which is packaged or sold with
basic Policy. Rider provides insurance protection during the term of the Policy
and does not provide any maturity value or return at the end of the term.
• Maturity Value: This is the amount which is received after successfully
completing the term of insurance Policy, if there is no claim. Generally, Maturity
Value consists of Basic Face Amount of the basic Policy along with Insurance
Company declared Policy Bonus (es), if any.
• Death Benefit: It is the amount of benefit on a life insurance Policy that will be
paid to the beneficiary in the event of the death of the insured person.
• Policy Bonus: Policy Bonus is the amount declared by the Company on yearly
basis. This is the additional amount of Policy Basic Face Amount and can be
received at the end of the Policy Term, if insured is alive or can be provided to
beneficiary, if insured person dies.
 Disclaimers

1. This Policy is underwritten by American Life Insurance Company (‘MetLife’) and

is always subject to the terms and conditions described in the Policy. The infor-
mation contained in this Brochure is intended only for general understanding of
the customers. The terms, conditions and exclusions are included in the contract
of insurance. For any discrepancies between the information contained herein
and contract of insurance, the later shall prevail.

2. If any discrepancies are found between Bangla and English version of this Brochure,
English version shall be considered as correct.

3. This Policy is not available in the United States, or offered to U.S. persons; for
purposes of this statement, a U.S. person is a citizen or resident of United States
(including a U.S. permanent resident residing outside the U.S.), U.S. partnership
and any trust that is controlled by one or more U.S. persons and is subject to the
supervision of a U.S. Court.

4. The term “Rider” wherever used herein shall mean and include any supplementa-
ry contract(s) attached with the basic Policy. The Rider is not a standalone prod-
uct and it requires a basic Policy (the information/list of eligible basic Policy will
be available to MetLife Financial Associate(s) and the required basic Policy(ies)
shall be determined by MetLife) to become operative. The Rider (if any) attached
with the basic Policy, will be automatically terminated on the termination and/or
expiry date of the Rider or at the end of the Premium payment term, whichever
is earlier.
www.metlife.com.bd

AS/2021/09/Endowment/001/JP-20,000