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Single Deposit Protection Scheme (SDPS)

A single time insurance Premium from MetLife that will secure life insurance and savings protection

At MetLife Bangladesh, we offer a life insurance Policy that is exclusively designed and only offered to cater to the needs of our loyal customers who are approaching a partial or full maturity of their existing Policy with us. With the net maturity proceeds they may further enhance the protection and/or replace it with this insurance Policy tailor-made with unique features. The Single Deposit Protection Scheme (SDPS) which is a savings and life insurance Policy that also provides an attractive maturity value as well as valuable accidental Benefits.

  • For the life insurance coverage under SDPS, a one-time Premium charge is deducted upfront from the collected single deposit. The net amount then goes into the individual account of the SDPS Policy and keeps growing with investment yield credited to the account periodically.
  • SDPS also provides for Accidental Death, Accidental Permanent Partial Disability, and Accidental Permanent Total Disability.
  • In addition to life and Accidental Benefits, SDPS further provides Maturity Benefits.

Natural Death Benefit

If the insured dies of natural causes, the account value or the Face Amount of SDPS(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 SDPS (whichever is higher) and 100% of Face Amount for Accidental Death.

Maturity Value

If Policy matures without any covered loss happening to policy owner, 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 SDPS, 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 SDPS.

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 SDPS (whichever is higher).


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.