Essential Information About Islamic Insurance

Islamic insurance, also known as Takaful, follows Islamic principles and aims to offer financial protection to people and businesses. Takaful insurance is made to comply with Shariah law.

In MetLife Bangladesh, we also offer Takaful insurance policy which has been developed in accordance with guidance from the Shariah Council, catering to those seeking financial security rooted in Islamic/Shariah principles.

Types of Takaful Insurance in MetLife Bangladesh

Takaful DPS

MetLife Takaful DPS has been developed in three separate packages: Gold, Silver and Bronze. All the packages offer insurance protection and a savings plan that provides maturity value, among other Benefits, in a Shariah compliant way.

Benefits of MetLife Takaful DPS include the following:

Life Insurance Coverage

The Takaful life insurance policy provides coverage under a Face Amount, calculated as your annual contributions multiplied by the policy term you select, in the event of the insured's death due to covered circumstances while the policy is active.

Maturity Value

Earn interest free shariah based reasonable returns that lead to a Maturity Value to meet your financial planning needs.

Additional Accidental Benefits

You can choose to get extra Accidental Benefit. If there's an accidental death or if you become permanently disabled due to an accident, we'll pay either 2 times your Face Amount or BDT 4 crore, whichever is less.

Critical Illness Benefit

With Critical Guard, if you get diagnosed or undergo surgery for one of the 8 specific illnesses/medical conditions mentioned in the Policy Document, you'll receive a lump sum payment.

Waiver of Contribution Benefit

If you become completely disabled because of an accident or sickness, with the Family Protection Rider-Disability, you won't have to pay contributions for the rest of your policy term.

With MetLife, customers of Takaful insurance in Bangladesh will also get the benefits of One by MetLife app, a comprehensive health solution that offers complete coverage to live healthier lives. It includes prevention and early detection toolkits, convenient access to treatment, ongoing care, and financial assistance. Click here to find out more.

In addition to Takaful, MetLife also offers a range of life insurance products, including education, savings and investment, retirement planning, and health insurance in Bangladesh. Click here to learn more.