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Education Protection Plan (EPP) Plus

Secure your Child’s Future

The cost of higher education has been on the rise for many years now. An Education Protection Plan from MetLife Bangladesh will allow you to secure your child’s future by planning for their educational needs.
 
  • Give your children the best start in life by saving with MetLife for their education
  • Flexible Policy with terms of up to 21 years
  • Waiver of  Premium facility
  • Provides a regular income to cover your child’s higher education expenses in the unfortunate event of the death of the Policy owner
  • Option to choose a disability protection rider 
Life Insurance Coverage
Death Benefit

A) Future Premium under the Policy will be waived and the Policy would continue till the maturity,

B) Income for education equal to 1% of the Face Amount will be paid every month to the insured child till the maturity of the Policy, and

C) At maturity, he/she would receive the Face Amount with bonus(es).

Payment on your Disability
Disability Protection Rider

For an additional Premium, in the event of your Total and Permanent Disability due to Sickness or Accident: 

A) Future Premiums will be waived.

B) Income equal to 1% of the Face Amount will be paid every month to the child till the maturity of the Policy.

C) At maturity, he/she would receive the Face Amount with bonus(es).

Maturity Value
Personal Accidental Coverage (if chosen)

A) Accidental Death and Permanent Total Disability will be equal to basic Face Amount but not exceeding BDT 2,500,000.

B) Accidental Dismemberment will be up to basic Face Amount but not exceeding BDT 2,500,000.

C) Accident Medical expense Reimbursement limit per accident will be up to 15% of basic Face Amount but not exceeding BDT 375,000.

Additional Accidental Coverage
Maturity Benefit

At Policy maturity, the Face Amount of the Policy plus Bonus(es) are paid. The money can be used to pay for his/her higher education. Or if he/she has already completed education, money may be very helpful to start his/her new career, cover marriage expenses, or support other important events in life.

Valuable Optional Rider
Valuable Optional Riders

You can also add the following optional Riders to your basic Policy by paying additional Premium

A) MediCare

B) Hospital Care

C) Critical Care

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 information contained in this page 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 page, 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 supplementary contract(s) attached with the basic Policy. The Rider is not a standalone product 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.