Metlife Education Protection Plan (EPP) Plus
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The cost of a good education can be high, and has risen at an
alarming rate in recent years. To be sure of securing the best possible
education for your children, you need to plan ahead. Our Education
Protection Plan is specifically designed to help you and can give you
the reassurance of knowing you’ve made the right preparations for your
children’s future.
And in case the unforeseen happens and you are not here when that day arrives, the protection element of your plan will shield your loved ones against financial difficulties.
Product Overview
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 Tk.20,00,000 and the proportionate amounts are mentioned below:
Subject to policy terms and conditions
Eligibility:
Insured Child: Minimum age 30 days and maximum age 15 years
Policy Owner: Minimum age 21 years and maximum age 55 years
Term:
You can select any period from 10 to 21 Years. The child's age plus the term should not exceed 25 years.
Currency:
Bangladesh Taka (BDT)
Face Amount
Minimum BDT 100,000
Maximum BDT 20,00,000
Gender (Insured & Owner)
Male and Female
Other Attractive Features:
This policy does not cover and no payment shall be made in respect of Death on account of suicide (within contestable period), war or Acquired Immune Deficiency Syndrome (AIDS). Please refer to policy document for details on exceptions & exclusions.
Disclaimers:
Note: To know about this Product more, please contact our Financial Associate and read the Product Brochure carefully.
And in case the unforeseen happens and you are not here when that day arrives, the protection element of your plan will shield your loved ones against financial difficulties.
Product Overview
- A flexible plan with terms ranging from 10 to 25 years
- On maturity, your child will receive the full face amount along with the bonus
- In the unfortunate even of your death, protects your child's financial future by paying out a monthly sum of 1% of the face amount every month for his/her education till the maturity of the policy. It also The policy also provides for a waiver of all future premiums in order to keep the policy active and in-force.
- You can choose to add a disability protection rider to this plan which will protect you in the event of a disability due to sickness or accident
- Like in all other life policies, the paid premiums are income tax deductible (subject to prevailing tax laws & rules)
- This EPP Plus plan also provides a personal accident coverage that ensures the financial future of your loved ones in case of your death, disability or injury due to accident.
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 Tk.20,00,000 and the proportionate amounts are mentioned below:
| A. ACCIDENTAL DEATH BENEFIT | : 100% of FA |
| B. PERMANENT TOTAL DISABILITY BENEFIT | : 100% of FA |
| C. PERMANENT PARTIAL DISABILITY for the following losses: | |
| • Both Hands or Feet or Sights of eyes | : 100% of FA |
| • One Hand and One Foot | : 100% of FA |
| • Either Hand / Foot and Sight of One Eye | : 100% of FA |
| • Hearing of Both Ears | : 100% of FA |
| • Speech | : 100% of FA |
| • Either Hand or Foot | : 50% of FA |
| • Sight of one Eye | : 50% of FA |
| • Thumb and Index fingers | : 25% of FA |
| D. MEDICAL EXPENSES REIMBURSEMENT | Max of : 15% of FA |
Eligibility:
Insured Child: Minimum age 30 days and maximum age 15 years
Policy Owner: Minimum age 21 years and maximum age 55 years
Term:
You can select any period from 10 to 21 Years. The child's age plus the term should not exceed 25 years.
Currency:
Bangladesh Taka (BDT)
Face Amount
Minimum BDT 100,000
Maximum BDT 20,00,000
Gender (Insured & Owner)
Male and Female
Other Attractive Features:
- Cash Value, Paid-Up and Extended Term Insurance are available.
- Your Premium will never increase, given that you have provided correct information in the policy application form.
This policy does not cover and no payment shall be made in respect of Death on account of suicide (within contestable period), war or Acquired Immune Deficiency Syndrome (AIDS). Please refer to policy document for details on exceptions & exclusions.
Disclaimers:
- If the Premium remains unpaid after grace period (31 days from premium due date) and has not acquired a Basic Cash Value, Policy shall not provide any value/benefit.
- There will be no Surrender Value if the policy is surrendered anytime during the first 2 years. Upon surrender at any time after 2 years the policy owner will receive cash surrender value as per cash value chart. You will not get refund of your Full Premium if you surrender your policy.
- This is a product brief only – Not a contract or binding document. Your Policy Document will contain the exact terms of coverage and exclusions. Please see our Product Brochure to learn more.
Note: To know about this Product more, please contact our Financial Associate and read the Product Brochure carefully.
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