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My Child's Education Protection Plan(MCEPP)

Secure your child's future

It is every parent’s wish that their children receive a higher education so that they can move forward in their professional careers and lead a stress-free life. What if you could ensure that the continuation of the dreams for your children does not get affected by anything and you don’t have to drain your finances or risk other life priorities?

MetLife Bangladesh introduces the ideal life insurance “My Child’s Education Protection Plan” for you, where you can invest for your children’s future with the assurance of ensuring higher education while protecting them from the uncertainties of life.

Maturity Benefit

At the end of the Premium Payment Term, 50% of the Face Amount will be paid less any indebtedness. At the end of the Coverage Period, remaining 50% of the Face Amount with  bonus less any indebtedness as per the terms and conditions of the policy will be paid.

Death Coverage

In case of Policy Owner’s unfortunate death, the following benefits will be provided to the beneficiary;

1.100% of the Face Amount as lumpsum less any indebtedness

2.Monthly Income Benefit equal to 2% of the Face Amount will be paid every month to the insured child prior to 1 month before the maturity of the Policy, and

3.All the future PREMIUMS under the policy will be WAIVED, the policy would continue till the maturity and beneficiary will receive Maturity Benefit.

Additional Benefits our customers can avail

1.Tax Rebate
2.Get access to 360Health
3.Discounts on various medical and diagnostic services


Valuable Optional Riders

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

1. Personal Accidental Coverage

2. Disability Protection Rider

3. MediCare

4. Hospital Care

5. Critical Care


Benefit Summary


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.