Secures your Family,Secures your Future

Endowment

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 Plan to help you planning for a financially secure future. Endowment Plan 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

Issue ageMin: 30 days Max: 55 years

Face AmountMin: BDT 100,000Max: Face Amount will be determined as per company’s underwriting guidelines.

Policy Term 10-20, 25 and 30 years.

Premium Payment Modes

Quarterly, Semi-annually and Annually.

Death BenefitIn case of unfortunate death of the insured, beneficiary will get the Face Amount plus accrued bonus/es (if declared by the company).

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

Bonuses

This policy will participate in bonus declared in the form of Reversionary Bonus and Capital Growth Bonus (Terminal Bonus), if applicable. Please note that mentioned bonuses are not guaranteed.

Policy LapseIf the premium remains unpaid after grace period (31 days from due date) and has not acquired a Basic Cash Value, this policy shall not provide any value/benefit.

Policy 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.

Exceptions

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 in this policy. Please read policy document for details on exceptions.

Underwriting Guidelines

Company’s existing underwriting guidelines will be applicable.

Extra Benefits• Cash Values, Paid-Up

Values, and Extended Term Insurance Values are guaranteed.

• Loans up to maximum of 85% of Cash Value is available, if required.

• Like all other life policies, the paid premiums are eligible for Income Tax rebate (Subject to Bangladesh income tax laws).

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 accident coverage provides a maximum of BDT 2,000,000 and its proportionate amount as defined above. For housewives, and policy owner of age 25 or below, the maximum coverage would be BDT 1,000,000.

Valuable Optional RidersYou can add many valuable optional benefits to your basic plan 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.

Personal Accident Coverage (Plus)

• 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 Plan?

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

How do I enroll for this Plan?

If you are interested in this plan, you may visit nearest MetLife Agency Office/Customer Touch Point/Sales Office to discuss with a Financial Associate (or) you can submit your interest 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!

If you are interested in this plan, 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 do i pay Premium?

• 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 basic policy and the Supplementary Contract.

• Beneficiary: Beneficiary is the person designated by the policy owner to receive the death benefit amount in the event of death of the Insured.

• Supplementary Contract: Supplementary Contract is the additional insurance policy which is packaged or sold with basic policy. Supplementary Contract is also called Rider. Supplementary Contract/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.

How to make a claim under this Plan?

Disclaimers

• This plan is underwritten by American Life Insurance Company (MetLife) and is always subject to terms and conditions of the Policy and Riders issued by MetLife.

• If any differences are found between this brochure and policy document, the latter will be considered valid/accurate.

• If any discrepancies are found between the Bangla and the English version of this brochure, the English version will be considered correct.

• The product is not available in the United States or offered to U.S. persons. Basis on this statement, a U.S. person means a citizen or resident of United States (including a U.S. permanent Resident residing outside the U.S.), U.S. partnerships, and any trust that is controlled by one or more U.S. persons and is subject to the vision of a U.S. Court.

About MetLifeMetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services company who celebrated 150 years of navigating life together in 2018, provides insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

MetLife’s story in Asia can be traced back to Bangladesh when operations first began in 1952. Currently MetLife Bangladesh is the largest life insurer in the country. It serves over a million customers and is a major employer in Bangladesh with about 16,000 field force and employees. MetLife is one of the top tax paying insurance companies in Bangladesh that has been recognized for highest credit rating of ‘AAA’ since the rating of insurance companies began in Bangladesh in 2010.

American Life Insurance Company, MetLife Building, 18-20 Motijheel C.A., P.O. Box 9, Dhaka-1000, Bangladesh.

American Life Insurance Company is incorporated in the USA as a Limited Company.

Be connected with us on social media:

Hotline: 16344 or 09666716344

American.Life@metlife.com.bdwww.metlife.com.bd

Fax: +880 2 9558682