Ask us to call you * Marked fields are Mandatory
Terms and Conditions

By clicking the Submit button, you agree that we* may contact you at the number/email you’ve provided, possibly using automated technology or prerecorded voice or direct marketing emails, to discuss about our products, special offers and services. If you don’t want to give this permission, you can still get a quote or make a purchase decision by calling us directly at + 88 0 9666716344 / 16344

*MetLife or third party acting on MetLife’s behalf.

Thank you for contacting us.
Someone from MetLife will be reaching shortly to provide you help.
Error!
An error occured while submitting your information.

Takaful DPS

Values and Life Protected

Takaful DPS
  • A Shariah based life insurance policy offering protection and savings for you and your family -Guided by the principles of Shariah
  • Regularly monitored by Shariah Council
  • Offers protection and savings
  • 3 attractive packages e.g. Gold, Silver and Bronze
  • Offers supplementary critical illness and waiver of contribution benefits

Product Overview

You can select your plan form the following three (3) options:

Plan Options

Plan       Features
Takaful DPS Gold Maturity Value + Life Coverage + Accidental Coverage + Critical Illness & Waiver of Contribution
Takaful DPS Silver Maturity Value + Life Coverage + Accidental Coverage
Takaful DPS Bronze Maturity Value + Accidental Coverage
I need to learn more about Takaful DPS
Takaful DPS Gold Plan

This plan provides you an opportunity for:

  • Earning reasonable returns leading to attractive maturity value to meet your financial planning needs.
  • Enjoying life insurance coverage under which the Face Amount (Face Amount is defined as the Takaful DPS  annual Contribution times the policy term) will be paid in case of the death of the insured due to covered cases anytime while the policy is in-force regardless of the number of contributions paid. If the Account Value at the time of death is higher than the Face Amount, the Account Value will be paid.
  • Enjoying additional Accidental Benefit under which 2 times the Face Amount will be paid in the event of Accidental Death or Accidental Permanent & Total Disability; consequently enjoying a total coverage of 3 times the Face Amount in case of Accidental Death (for Death 1 time and for Accidental Death 2 times). In case of Accidental Dismemberment the additional Accidental Benefit may reach up to 2 times the Face Amount depending on the type and extent of loss.
  • Benefitting under critical guard from a lump sum payment equal to 100% or 50% of the Face Amount (depending on your entry age , policy term & your choice) in case of diagnosis of or actual undergoing of surgery for, as the case may be, the following illnesses/medical conditions as defined in the Participants Membership Document (Policy Document):
    • Stroke
    • Cancer (excluding skin cancer)
    • First Heart Attack
    • Coronary Artery Surgery
    • Other Serious Coronary Artery Diseases
    • Heart Valve Surgery/Replacement
    • Pulmonary Arterial Hypertension ( Primary)
    • Benign Brain Tumor
  • Benefitting from waiver of the contribution under Family protection Rider–Disability for the remaining term of the Policy in case of Permanent Total Disability due to Accident and Sickness.

 

Critical Illness and Waiver of Contribution Coverages:

The Critical Illness benefit is equal to 100% of the Face Amount for ages 18 to 54 years and for terms 5 to 12 years. If you become permanently and totally disable due to accident or sickness within the age of 60 years, you will not be required to pay contributions for the remaining term of the policy and supplementary contracts. MetLife will pay all the contributions on your behalf. You will be entitled to receive all the coverages and projected maturity value.

Please consult your MetLife Financial Associate who has the contribution rates for these coverages.

 

Takaful DPS Silver Plan

This plan provides you an opportunity for:

  • Earning reasonable returns leading to attractive maturity value to meet your financial planning needs.
  • Enjoying life insurance coverage under which the Face Amount ( Face Amount is defined as the Takaful DPS  annual Contribution times the policy term) will be paid in case of the death of the insured due to covered cases anytime while the policy is in-force regardless of the number of contributions paid. If the Account Value at the time of death is higher than the Face Amount, the Account Value will be paid.
  • Enjoying additional Accidental Benefit under which 2 times the Face Amount will be paid in the event of  Accidental Death or Accidental Permanent & Total Disability; consequently enjoying a total coverage of 3 times the Face Amount in case of Accidental Death (for Death 1 time and for Accidental Death 2 times). In case of Accidental Dismemberment the additional Accidental Benefit may reach up to 2 times the Face Amount depending on the type and extent of loss. 
Takaful DPS Bronze Plan:

This plan provides you an opportunity for:

  • Earning reasonable returns leading to attractive maturity value to meet your financial planning needs.
  • Enjoying Death benefit under which the Account Value or the contributions paid for the Basic Policy, whichever is higher, will be paid.
  • Enjoying additional Accidental Benefit under which 2 times the Face Amount (Face Amount is defined as the Takaful DPS annual Contribution times the policy term) will be paid in the event of Accidental Death or Accidental Permanent & Total Disability. In case of Accidental Dismemberment, the additional Accidental Benefit may reach up to 2 times the Face Amount depending on the type and extent of loss.
Product Details

Some important features of Takaful DPS Gold, Silver and Bronze Plan:

  • Face amount:   Maximum: Tk. 10,000,000
  • Maximum critical illness benefit: Tk. 2,000,000. However for housewives the maximum benefit is Tk. 1,500,000.
  • Mode of  payment: Monthly, Quarterly, Half-Yearly or Yearly
  • Contribution: Minimum Contribution: Tk. 1,000 Monthly, Tk. 3,000 Quarterly, Tk. 6,000 Half - Yearly or Tk. 12,000 Yearly.
  • Maximum face amount: Any amount which does not result into face amount exceeding Tk. 10,000,000.
  • Currency: Bangladesh Taka (BDT)
  • Accident coverage expires at the age of 65 years.
  • The critical illness and waiver of contribution coverage (apply to Gold Plan only) expire at age 60 years.
  • Housewives may apply for Gold Plan without waiver of contribution benefit under family protection rider disability.
  • Waiting period (applies to critical illness benefit under Gold Plan only): 180 days since supplementary contract effective date or the last coverage commencement date, whichever is later.
  • Only those critical illness that are first diagnosed or for which surgery has been done after 180 days waiting period are covered.
  • Income tax savings on your paid contributions, subject to Bangladesh tax laws.
  • All illustrations are for standard lives only and shall vary for substandard lives depending on underwriting rules.
  • Underwriting rules: Existing Company rules will apply
Eligibility Criteria

Minimum: 18 years and Maximum 54 years

Policy Term

Minimum 5 years and maximum 12 years.

Other Terms and Conditions
  • The maturity value can be received as a lump sum or used to purchase an annuity or a combination of both. The annuity values will be determined by the Company at the time of maturity.
  • The critical illness and waiver of contribution coverages may not be cancelled by the insured or by the company during the first 2 years from the effective date while the policy is in-force (applies to Gold Plan only)
  • The policy does not cover Death on account of suicide (within two years from the date of issue or from the date of any reinstatement of the policy), War, AIDS, pre-existing condition or other exceptions as specified in the Participants Membership Document (Policy Document). Please read Participants Membership Document for details on exceptions.
  • The policy may lapse with no value if contribution is not paid regularly as due. Monthly cost of insurance, expenses and other charges will be deducted till maturity or until the net cash surrender value exhausted, whichever is earlier.Tax advantages regarding the contribution payment are subject to Tax laws/rules of the Bangladesh government. Please consult your Tax advisor for confirmation and advice.

Looking for the right insurance?

Simply share your contacts with us and we will get back to you soon with the help you need.

Have a rep contact me:
Terms & conditions

By clicking the Submit button, you agree that we* may contact you at the number/email you’ve provided, possibly using automated technology or prerecorded voice or direct marketing emails, to discuss about our products, special offers and services. If you don’t want to give this permission, you can still get a quote or make a purchase decision by calling us directly at 16344.

*MetLife or third party acting on MetLife’s behalf.

Thank you for contacting us.
Someone from MetLife will be reaching shortly to provide you help.
Error!
An error occured while submitting your information.

Disclaimers: 

1. This plan is underwritten by American Life Insurance Company (MetLife) and is subject at all times to the terms and conditions of the Plan Policy and Riders issued by MetLife. The information given here is intended for general consumer understanding only. Detailed benefits, terms, conditions and exclusions are included in the Participants Membership Document (Policy Document). In case of any discrepancy between the information described in the website and the policy document, the latter shall prevail.

2. The product 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 vision of a U.S. Court.

3. During the 1st Policy year the policy does not acquire any Cash Surrender value, which is the Account Value on the date of Surrender less the Surrender Charge and Processing Fee. Upon Surrender at any time after the expiration of the 1st policy year and before maturity, the Policy Owner will receive the Cash Surrender Value less any Indebtedness. A Surrender Charge will be applicable if the Policy is surrendered during the first 5 years. The Cash Surrender Value may be less than the contribution paid.

4. Maturity Value is calculated following deduction of Cost of Insurance, Expenses and Charges of the Plan and by crediting a net Investment Yield. The Maturity Value is not guaranteed and will vary based on investment performance. The Maturity Value will be lower for policies paying contribution more frequently than yearly.

Note: To know about this Product more, please contact our Financial Associate and read the Product Brochure carefully.