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MetLife Fixed Deposit Protection Plan (MFDPP)

MetLife Fixed Deposit Protection Plan (MFDPP) allows you to enjoy world-class insurance benefits with affordable one-time premium payment. 

We understand how important financial protection is for you to live the present and protect the future.  You can now save for future, receive maturity value upon policy maturity and enjoy world-class insurance benefits with just a single premium payment. This policy is very convenient as you don’t have to pay multiple premiums.

Why MFDPP:

  1. Affordable one-time premium payment. No need to pay multiple premiums
  2. Financial protection of up to 2.5 times of your single premium
  3. Insurance protection up to 15 years
  4. Tax rebate benefits
  5. Maturity value upon policy maturity
  6. World-class insurance protection for:
      -Natural Death
      -Accidental Death
      -Accidental Permanent Partial Disability
      -Accidental Permanent Total Disability

Natural Death Benefit

If the insured dies of natural causes, the account value or the Face Amount of MFDPP(whichever is higher) will be paid to the Beneficiary.

Accidental Death Benefit

If the insured dies of accidental injuries before maturity, the Benefit payable would be the Account Value or Face Amount of MFDPP (whichever is higher) and 100% of Face Amount for Accidental Death.

Maturity Value

If Policy matures without any covered loss happening to Insured, company pays 100% of the Account Value

Accidental Permanent Partial Disabilities (APPD) Benefit

If insured meets with accident leading to any or some of the covered Permanent Partial Disabilities, company will immediately pay predetermined % of Face Amount for Accidental PPD, the Policy would continue in-force, and company would pay 100% of Account Value on maturity. APPD Benefit against multiple of covered losses will not exceed 100% of Face Amount.

In case of Death of Insured after receiving the APPD Benefits, company would pay higher of Account Value or Face Amount of MFDPP, and remaining % of APPD on death provided that the cause of death could be linked to the accident and that the death occurred 365 days from the date of accident. Otherwise, the death Benefit would be limited to higher of Account Value or Face Amount of MFDPP.

Accidental Permanent Total Disability (APTD) Benefit

If insured meets with accident and it causes him/her Permanent Total Disability Company would immediately pay 100% of Face Amount, the Policy would continue in-force, and company will pay 100% of Account Value on maturity.

In case of death after receiving the APTD Benefits,the Benefit payable would be the account value or Face Amount of MFDPP (whichever is higher).

Disclaimers:

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.