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Income Growth Plan

Unique life insurance policy that combines life insurance and savings protection.

Whether it’s your child's wedding or a dream home for your retirement, the Income Growth Plan can help you to achieve your aspirations for the future. Face the future with confidence with MetLife’s Income Growth Plan.

  • A Unique life insurance policy that combines life insurance and savings protection
  • Offers you a maximum Premium payment term of up to 30 years, thereby giving the flexibility of choosing small payments to suit your budgetary needs

Policy Overview

The Policy is split into two phases. The first phase is for a period of 7 years and then the second phase starts from the 8th year, and includes the rest of the term. During the first 7 years your Cash Value grows and at the end of the 7th year a dividend is declared. During the second phase, the Cash Value and dividend are transferred to the Investment & Protection Account (IPA). From the 8th year onwards, the Policy offers a range of flexible options such as changes to the amount of Premium, Insurance Coverage, etc., subject to the Policy terms and conditions.

Death Benefit

In case of death of the insured during the first 7 years of the Policy, the basic Face Amount (less any debt on the Policy) will be paid to Beneficiary. In case of death of the insured after the first 7 years of the Policy, the basic Face Amount or the IPA value, (whichever is greater) will be paid to Beneficiary.

Maturity Benefit

The maturity Benefit shall be the IPA Value less any indebtedness. 

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


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.