Metlife Lifeline Pension Plan

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When you’ve worked hard all your life – you’ll want to make sure that you can enjoy your retirement. Our LifeLine Pension Plan can help make sure you get the most out of your work-free years. All you have to do is tell us when you want to retire and what income you think you might need. We can help make your retirement dreams come true for you.
Product Overview

• Offers you a combination of savings and protection
• You can choose a plan that has a payment term ranging between 10 and 20 years
• In case of death during the premium paying phase of the policy, The Company shall pay to your beneficiary the Basic Face Amount plus accrued bonuses, if any, less indebtedness on the policy, if any.
• Facility to withdraw the face amount along with any accumulated bonuses any time after the end of the premium payment period 
• You can start receiving the pension payment, 1 year after the completion of the premium payment period
• You can choose to postpone this pension payment and leave the annual income with MetLife to accumulate further
• This annual pension payment will continue up to the age of 100
• We offer a minimum guaranteed return of 4% with the option to receive an excess for the years your investment performs better than expected
• In the unfortunate event of your death, our loved ones will receive the full face amount plus accrued bonuses.
• Like all other life policies, the paid premiums are income tax deductible (subject to prevailing tax laws & rules).
• This 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.

 Personal Accident Coverage
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 Face Amount
B. Permanent Total Disability Benefit	100% of Face Amount
C. Permanent Partial Disability For the Following Losses
For Loss of both Hands or Feet or Sight of Eyes	100% of Face Amount
For Loss of One Hand and One Foot	100% of Face Amount
For Loss of Either Hand/Foot and Sight of One Eye	100% of Face Amount
For Loss of Hearing of Both Ears	100% of Face Amount
For Loss of Speech	100% of Face Amount
For Loss of Either Hand or Foot	50% of Face Amount
For Loss of Sight of One Eye	50% of Face Amount
For Loss of Thumb and Index Fingers	25% of Face Amount
D. Medical Expenses Reimbursement (Maximum)	15% of Face Amount

Product Details

Eligibility:
Minimum Age: 90 Days
Maximum Age: 55 Years
Term:
10 to 20 Years
Currency:
Bangladesh Taka (BDT)
Face Amount:Minimum BDT 100,000
Maximum BDT 100,000,000
Gender:
Male and Female 
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, less any indebtedness. 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. 

Note: To know about this Product more, please contact our Financial Associate.