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A Pension Policy for you

MetLife’s LifeLine Policy is centred around one thing: you. LifeLine is a Policy built to ensure your retired life is as comfortable as you are now. LifeLine provides you with regular income for all your living and medical expenses.

You will pay premium for a certain period of time when you are working and earning to receive pension income from MetLife for a long period of time after you retire.

  • On top of the basic Face Amount, your Policy may be eligible for Policy bonuses.
  • Policy loan facility during premium payment phase is available if you need one
  • Additional Accidental Benefits through Personal Accident Coverage are available by paying additional premiums
  • You will also have option to add other insurance Benefits by paying additional premium.
  • Income tax savings on your paid premium, subject to Tax Laws / Rules of Bangladesh Government. Please consult your tax advisor for confirmation and advice.

Death Benefit

A) During Premium Payment Phase: In case of death of the insured, the Beneficiary will receive Basic Face Amount plus accrued Reversionary and Terminal Bonuses (if applicable) less indebtedness of the company.

B) During Investment Accumulation Phase: In case of death of the insured, the Beneficiary will receive Principal Amount. If Pension  (i.e. income coupon) is left with MetLife to accumulate with interest, Death Benefit will be Principal Amount plus accumulated value of pension.

Valuable Optional Riders

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

A) MediCare
B) Waiver of Premium
C) Hospital Care
D) Accident Indemnity Certificate 
E) Critical Care
F) Accident Indemnity Certificate /Limited Accident Insurance Certificate
G)Accidental Death Benefit


Personal Accidental Coverage (if chosen)

A) Accidental Death and Permanent Total Disability will be equal to Basic Face Amount but not exceeding BDT 5,000,000

B) Accidental Dismemberment will be up to basic Face Amount but not exceeding BDT 5,000,000

C) Accident Medical expense Reimbursement limit per accident will be up to 15% of basic Face Amount but not exceeding BDT 750,000

Maturity Benefit

The maturity benefit shall be the Principal Amount. If pension (i.e. income coupon) is left with MetLife to accumulate with interest, maturity benefit will be Principal Amount plus accumulated value of pension.

Pension Amount Calculation

Pension is calculated as a percentage of the principal amount. Mentioned percentage is called as “Coupon Rate”. This coupon rate is guaranteed to be not less than 2% of Principal Amount annually. Please consult your Financial Associate to know current coupon rate.


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.