LifeLine

A retirement pension insurance policy built to ensure your retired life is as comfortable as you are now.

LifeLine

LifeLine

MetLife Bangladesh’s LifeLine policy is centered around one thing: you. LifeLine is a retirement pension insurance policy built to ensure your retired life is as comfortable as you are now. LifeLine provides you a regular income for all your living and medical expenses.

You will pay premium for a certain period of time when you are working and earning to receive a pension scheme in Bangladesh from MetLife for a long period of time after you retire.

 

  1. 1. On top of the basic Face Amount, your Policy may be eligible for Policy bonuses.
  2. 2.Policy loan facility during premium payment phase is available if you need one.
  3. 3.Additional Accidental Benefits through Personal Accident Coverage are available by paying additional premiums.
  4. 4.You will also have option to add other term insaurance Benefits by paying additional premium.
  5. 5.Income tax savings on your paid premium, subject to Tax Laws / Rules of Bangladesh Government. Please consult your tax advisor for confirmation and advice.
Get a Quote

At a glance

Death Benefit

A) During Premium Payment Phase: In case of death of the insured, the Beneficiary will receive Basic Face Amount plus accrued Reversionary and Terminal Bonuses (if applicable) less indebtedness of the company.

B) During Investment Accumulation Phase: In case of death of the insured, the Beneficiary will receive Principal Amount. If Pension  (i.e. income coupon) is left with MetLife to accumulate with interest, Death Benefit will be Principal Amount plus accumulated value of pension.

Valuable Optional Riders

You can also add the following optional Riders to your Policy by paying additional premiumA) MediCare


B) Waiver of Premium
C) Hospital Care
D) Accident Indemnity Certificate 
E) Critical Care
F) Accident Indemnity Certificate /Limited Accident Insurance Certificate
G)Accidental Death Benefit

Personal Accidental Coverage (if chosen)

A) Accidental Death and Permanent Total Disability will be equal to Basic Face Amount but not exceeding BDT 5,000,000

B) Accidental Dismemberment will be up to basic Face Amount but not exceeding BDT 5,000,000

C) Accident Medical expense Reimbursement limit per accident will be up to 15% of basic Face Amount but not exceeding BDT 750,000

Maturity Benefit

The maturity benefit shall be the Principal Amount. If pension (i.e. income coupon) is left with MetLife to accumulate with interest, maturity benefit will be Principal Amount plus accumulated value of pension.

Pension Amount Calculation

Pension is calculated as a percentage of the principal amount. Mentioned percentage is called as “Coupon Rate”. This coupon rate is guaranteed to be not less than 2% of Principal Amount annually. Please consult your Financial Associate to know current coupon rate.

Need More Info?

More information about this product

Looking for the right insurance?

Simply share your contacts with us

we will get back to you soon with the help you need.