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Income Growth Plan

Life insurance from MetLife Bangladesh at a low cost and with a high rate of return on savings

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

Personal Accident Coverage

If you qualify for accident coverage, this plan also provides the following additional benefits in case of your death, disability or injury due to accident within the premium paying period. The Personal Accident Coverage provides a maximum cover of BDT 2,000,000 and the proportionate amounts are mentioned below: 

Personal Accident Coverage

Accidental Death Benefit 100% of Face Amount
Permanent Total Disability Benefit 100% of Face Amount
Permanent Partial Disability Benifit For the Following Losses
For Loss of Hands or Feet or Sight of Eyes
100% of Face Amount
For Loss of One Hand and One Foot 100% of Face Amount
For Loss of Either Hand/Foot and Sight of One Eye 100% of Face Amount
For Loss of Hearing of Both Ears 100% of Face Amount
For Loss of Speech 100% of Face Amount
For Loss of Either Hand or Foot 50% of Face Amount
For Loss of Sight of One Eye 50% of Face Amount
For Loss of Thumb and Index Fingers 25% of Face Amount
Medical Expenses Reimbursement (Maximum) 15% of Face Amount
Learn more about Income Growth Plan from MetLife
Product overview Collapsed Expended
  • The plan 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.
  • 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.
  • 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.
  • 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.
  • On maturity, the policy owner can either withdraw the account (IPA) value; or convert it into a lifetime pension.
  • Like all other life policies, the paid premiums are income tax deductible (subject to prevailing tax laws and rules.)
  • The Income Growth Plan also provides personal accident coverage in case of your death, disability or injury due to accident.
Eligibility Criteria Collapsed Expended

Minimum Age of 90 days and a maximum Age of 60 years

Face Amount Collapsed Expended

Minimum BDT 100,000 & Maximum BDT 10,000,000

Currency Collapsed Expended

Bangladesh Taka (BDT) 

Glossary of Insurance Terms Collapsed Expended

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

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