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Three Payment Plan (3PP) Plus

A Policy that provides insurance protection and attractive returns on Premiums

Three Payment Plan (3PP) Plus provides insurance protection and attractive returns on Premiums
  • A unique Policy encompassing life insurance and savings protection
  • 50% of the Face Amount is paid before the maturity of the Policy
  • Available for a wide range of terms
  • A variety of optional supplemental Benefits are available to personalize the package to your needs 
Death Benefit
Death Benefit

The death Benefit payment of the full Face Amount (along with bonuses) is to be paid to the Beneficiery(ies) in the event of death of the insured at any time during the term of the Policy.

Payment Before Maturity
Payment Before Maturity

A) 25% of the Face Amount is paid at the end of one-third of the term of the Policy.

B) Another 25% of the Face Amount is paid at the end of two-third of the term of the Policy.

Maturity Benefit
Maturity Benefit

The remaining 50% of the Face Amount is paid at maturity, along with Reversionary Bonus and Capital Growth Dividends (if applicable).

Protection all through
Protection all through

The 1st and/or 2nd installment amount has no bearing on the Benefits receivable by the Beneficiary(ies) in case of Insured's death. Even if the Insured dies after the 2nd installment has been paid, the Beneficiary(ies) receives the full Face Amount plus the accrued bonuses. In the event of Insured's death, no deduction is made for the installments already paid. 

Personal Accidental Coverage
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.

Valuable Optional Rider
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

Disclaimer:

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.