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Insurance for Loans

Insurance for loans from MetLife provides relief for a borrower’s family against any outstanding amounts left at the time of their death or permanent total disability.

Life insurance policy for loans from MetLife are designed to cover the risk of both the borrower and providers of loans. The types of loans covered include personal, auto, home and mortgages. MetLife Bangladesh’s solutions are tailor-made to suit individual organization requirements.

  • Flexible insurance of metlife solutions for different types of loans, covering a wide range of loan amounts.
  • Medical tests at the most proficient hospitals and diagnostic centres in Bangladesh.
  • The highest risk retained in Bangladesh by expert underwriters.
  • High quality support for transaction processing and enquiries by our service teams.
  • Offers in-depth accident insurance and health insurance protection.

Learn more about MetLife's insurance for loans

Any customer/member of the bank, financial or lending institution, between the ages of 18 and 64 years with good health condition. Coverage can be extended up to 65 years after the enrollment.

Premiums can be paid on a monthly basis, yearly basis or as a one-off payment (single premium).

This would be based on the age of the borrower and the amount of cover required

1. How many persons are insured in case of a joint application of the loan?

- Only one person is inured per loan account, even if there is a joint application.

2. Who will bear the medical expenses?

- The cost of tests/investigations will be born by MetLife for initial requirements.

3. Can I cancel my insurance coverage after enrollment? 

- Yes, you can.

4. Can I get my premium back in case of early settlement of loan?

- You will get unearned pro-rated premium refund in case of early settlement of the Loan.

This PDF file provides a glossary of insurance terms and definitions that are commonly used in the insurance business. Click Here

Disclaimers: MetLife group insurance policies contain certain exclusions, reductions, limitations and terms for keeping them in force. Contact your MetLife representative for more information.