RISK & INS

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Who We AreOur Company

MetLife Alico is an affiliate of MetLife, Inc., a leading global provider of insurance and employee benefit programs. Through its subsidiaries and affiliates, MetLife serves more than 90 million customers around the world.

We provide a full range of Life, Accident and Health insurance products for customers ranging from individuals to large local and multinational corporations. Our individual, group, and credit protection products help our customers recover from financial loss due to death, disability, accident, sickness, and loss of employment. Also, our individual savings and group pension products help our customers save for education, retirement, or other financial goals. Our products are available through agents, brokers, financial institutions and direct to customer.

A World Leader

MetLife has become a premier global life insurance company overnight, but our combined heritage spans over 200 years. In addition to being the largest life insurer in the U.S. and Mexico, MetLife is now a leading competitor in Japan, holds advantageous positions in Europe, and is in a top-five position in many high-growth markets of Central and Eastern Europe, the Middle East and Latin America.

Our Values

We are proud of our legacy of unwavering commitment to helping our customers achieve their financial goals. Trust, foresight, innovation, integrity and customer focus are some of the values that helped us achieve market leadership, profitable growth, and the ability to attract local talent and empower individuals to perform at the highest levels.

Discover Our History

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Our Story Our story began in 1921 in Shanghai, China. The company grew steadily in the early decades, moving its headquarters to Wilmington, Delaware in the late 1960s. In 1972 Alico became the first foreign life insurance company licensed to sell in Japan, the first step towards becoming a household name. We were well-placed to establish new operations in Central and Eastern Europe in the late 1980s when the political and economic environment in the region changed dramatically. Expansion in Latin America, the Middle East and a liberalized European Union followed, and that growth story continues today.

In March 2010 the latest chapter in our history unfolded when it was announced that our company would merge with MetLife. That merger completed November 2010 creating one global company, meeting the needs of some 90 million customers in over 60 countries.

Who We AreMetLife Alico, has been helping people and businesses in Bangladesh with their insurance needs since 1974. Throughout our history, we have continuously sought to nurture talent, respect local cultures and promote the diversity that characterizes the Bangladeshi society. We‘ve grown by understanding the needs at the heart of the community and by tailoring our extensive product offering to the unique needs of individuals, families and businesses of all sizes.

Today, we are one of the leading insurance companies in the country, with close to 1,000,000 insured members and over 12,000 agents who understand this market better than anyone else, so you can rest assured that nobody is better placed to find a solution which fits your needs.

MetLife Alico’s regional hub, serving 14 countries in Middle East, Africa and South Asia (MEASA), is located at the Dubai International Financial Center..

MetLife Alico, has been helping people and businesses in Bangladesh with their insurance needs since 1974. Throughout our history, we have continuously sought to nurture talent, respect local cultures and promote the diversity that characterizes the Bangladeshi society. We‘ve grown by understanding the needs at the heart of the community and by tailoring our extensive product offering to the unique needs of individuals, families and businesses of all sizes.

Today, we are one of the leading insurance companies in the country, with close to 1,000,000 insured members and over 12,000 agents who understand this market better than anyone else, so you can rest assured that nobody is better placed to find a solution which fits your needs.

MetLife Alico’s regional hub, serving 14 countries in Middle East, Africa and South Asia (MEASA), is located at the Dubai International Financial Center..

Discover Our History

Established in the erstwhile East Pakistan in 1952, we were the first and so far are the only international company to be granted a licence to offer life and accident insurance in the country, which is quite a big responsibility and one which we do our best to live up to.

Today we have close to 1,000,000 insureds in Bangladesh, and over the last fifty seven years we’ve become very used to listening to the local community and developing our offering according to people’s needs.

We know that our success depends on the success of the local community. So we’ve always done our best to nurture talent, as well as work with the government and partners to build a strong regulatory framework around the insurance sector – so that our customers have the very best protection. We believe in diversity and make sure to reach people from all walks of life.

American Life Insurance Company (Alico Bangladesh) started full service branch operations in Bangladesh on 15 January 1974 and has since then been marketing individual and group life insurance products under the Insurance Act 1938, Insurance Rules 1958, and other applicable laws. Alico, incorporated in 1921 in Wilmington, Delaware, USA, is the largest international life insurance Company in the world. It is a member company of the American International Group (AIG) that operates life insurance businesses in more than 135 countries. American Life Insurance Company Bangladesh (referred to as the company hereafter) runs its business through its agency offices scattered mostly in big cities such as DHAKA (43), CHITTAGONG (9) and KHULNA (3). Over 2700 career agents are working for the company. The company has a trained and dedicated work force of 223 employees in Bangladesh.

Net premium income received by the company from direct business in 1999 was Tk 1,896.75 million as against Tk 21.12 million in 1981. The figures include both new or first year premiums and renewal premiums derived from its various life insurance plans/schemes such as ordinary life policies, personal accident protection, group life, group medical, and ordinary term insurance. Re-insurance premium paid by the company to its re-insurer abroad was Tk 0.32 million in 1999, when it paid a net amount of commission of Tk 333.94 million. Net claims settled by the company during the year amounted to Tk 75.11 million.

Apart from net premium income derived from direct life insurance business, the company earned Tk 514.81 million in 1999 as interest, dividend, and rent income. Major investments of the company were in short term deposits with banks, national investment bonds, Pratirakkha Sanchaya Patra, shares of companies, ICB-mutual funds, policy loans to holders, fixed deposits and permanent investment in real estate. The assets of the company were valued at Tk 5,900.27 million and the revenue surplus stood at Tk 1,042.29 million in the reference year.

The regional office of the company at Sharjah, Dubai, oversees the administrative and business affairs of Alico Bangladesh. It invests its entire investable surplus locally, mostly in government securities/banks and shares/stocks of companies, thereby allowing usage of its progressively increasing fund in such public interests as infrastructure development, industrialisation and employment generation.

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ProductsWhatever aspect of your life you are looking to protect, MetLife Alico has a product that is right for you. Here's a summary of the types of insurance products we offer. Simply select the category you are interested in and discover our range of products.

Individual Solution:

Life insuranceLife insurance can take care of your family and help them maintain their standard of living should something happen to you or your partner. Apart from taking care of outstanding loans or mortgages, it can also protect your children's education or provide for your partner's retirement.

No matter what the future holds, we've got a life insurance product that will help you take care of what's most important to you.

Education Protection Plan (EPP) PlusThe 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

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.

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 FA B. PERMANENT TOTAL DISABILITY BENEFIT : 100% of FAC. 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 FAD. MEDICAL EXPENSES REIMBURSEMENT Max of : 15% of FA

Product Details

Eligibility Insured Child : Minimum age 30 days and maximum age 15 years

Policy Owner : Minimum age 21 years and maximum age 55 years

Term10 to 25 Years. The child's age plus the term should not exceed 25 years.

Currency Bangladesh Taka (BDT)

Face AmountMinimum BDT 100, 000Maximum BDT 20, 00, 000

Gender (Insured & Owner)Male and Female

Three Payment Plan (3PP) PlusThe Three Payment Plan is an innovative policy that can be as individual as you. It provides the ultimate in financial planning giving you both the protection you need and the regular payouts you want to meet your financial needs. It has all the security of a life insurance plan and the flexibility of a savings policy.

Product Overview

This Plan is available for varying terms such as 12, 15, 18, 21 & 24 year and you can choose one that best suits your needs

25% of the face amount is paid at the end of 1/3rd of the term and another 25% at the end of 2/3rd of the term.You can use this to finance your goals.

The remaining 50% of the face amount is paid along with a bonus at maturity In the unfortunate event of the death of the policy holder, at any time during the term of

the policy, their loved ones will receive the entire face amount along with the bonuses - NO DEDUCTION is made for the partial maturity amounts already paid

Loans up to a maximum of 85% of cash value is available, if required Like in all other life policies, the paid premiums are income tax deductible (subject to

prevailing tax laws & rules) The 3PP Plus also provides Personal Accident Coverage in case of your death, disability

or injury due to accident.




• 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 FAD. MEDICAL EXPENSES REIMBURSEMENT Max of : 15% of FA

Product Details

Eligibility Minimum Age: 30 DaysMaximum Age: 60 Years

Term12,15,18,21 & 24 Years


Face AmountMinimum BDT 100,000Maximum BDT7,500,000

Gender Male and Female

Savings & RetirementOur selection of savings and retirement products mean that you can take steps towards the lifestyle you really want today, as well as plan for the future you really want tomorrow.

Income Growth PlanSome of the best things in life are not always free and some can cost quite a bit – be it your daughter’s wedding or a dream home for your retirement Whatever your aspirations for the future, the Income Growth Plan can help you achieve them – with benefits that means you can face the future not only with confidence but with your dreams in mind.

Product Overview

A unique plan that combines protection and savings

Offers you a maximum premium payment term of up to 30 years thereby giving the flexibility of choosing small payments to suit your budgetary needs

The plan is split into 2 phases. The first phase is for a period of 7 years and then the second phase starts (from the 8th year) and includes the rest of the term.

During the first 7 years your savings accumulate and grow and at the end of the 7th year a dividend is declared. This dividend could be up to 40% of the cash value of your plan.

In the second phase, the cash value and dividend are transferred to the Investment & Protection Account (IPA)

From the 8th year onwards, the policy offers a range of flexible options such as changes to the amount of premium, insurance coverage, etc, subject to the policy terms and conditions.

Maturity Benefits: On maturity, the policy owner can either withdraw the account (IPA) value; or convert it into a life time pension.

Like in all other life policies, the paid premiums are income tax deductible (subject to prevailing tax laws & rules)

Income Growth also provides Personal Accident Coverage in case of your death, disability or injury due to accident.





Product Details

Eligibility Minimum Age of 90 days and a maximum Age of 60 years


Face AmountMinimum BDT 100,000 & Maximum BDT 7,500,000

PremiumMinimum (excluding riders) BDT 10,000 (Adult) & Minimum BDT 7,500 (Juvenile)


DPS SuperRegular savings & protection will make your dreams come true

As a sensible and responsible individual, you must be looking for the best possible avenues to grow your hard-earned money.

An ideal financial plan for you may be the one that accumulates your money with reasonable returns as well as provides protection to you & your family against uncertainties. If you are looking for such a plan, MetLife Alico’s DPS Super can offer you the solution!

MetLife Alico’s DPS Super is a savings and protection plan that provides an attractive Maturity Value and a substantial Accidental Benefit.

Product Overview:

You can select your plan from the following 3 options:

Plan Features

DPS Super – Gold Maturity Value + Life Coverage + Accident Coverage + Critical Illness & Waiver of Premium Benefits

DPS Super – Silver Maturity Value + Life Coverage + Accident CoverageDPS Super – Bronze Maturity Value + Accident Coverage

1- DPS Super – Gold PlanThis Plan provides you an opportunity for –

Attractive Maturity Value to meet your financial planning needs. Life Insurance coverage equivalent to policy Face Amount (Face

Amount is defined as the DPS Super annual premium times the policy term) Double Benefit due to Accidental Death (AD) and Accidental Permanent & Total

Disability (PTD); consequently a total coverage of 3 times the Face Amount in case of AD. 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

Lump Sum payment equal to 100% or 50% of the Face Amount in case of diagnosis of 8 Critical Illnesses

Waiver of Premium in case of Permanent Total Disability due to Accident or Sickness under Family Protection Rider – Disability

2- DPS Super – Silver PlanThis Plan provides you an opportunity for –

Attractive Maturity Value to meet your financial planning needs Life Insurance coverage equivalent to policy Face Amount (Face Amount is defined as

the DPS Super annual premium times the policy term) Double Benefit due to Accidental Death (AD) and Accidental Permanent & Total

Disability (PTD); consequently a total coverage of 3 times the Face Amount in case of AD. 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

3- DPS Super – Bronze PlanThis Plan provides you an opportunity for –

Attractive Maturity Value to meet your financial planning needs Death Benefit equal to Account Value or Premiums paid for the Basic Policy whichever

is higher Accidental benefit under which 2 times the Face Amount (Face Amount is defined as the

DPS Super annual premium times the policy term) will be paid in the event of Accidental Death, or Accidental Permanent & Total Disability (PTD). 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

Eligibility

Minimum Age: 18 yearsMaximum Age: 54 Years

TermMinimum 5 years and Maximum 20 years

CurrencyBangladesh Taka (BDT)

Face Amount (for all plans of DPS Super)Minimum: BDT 45,000Maximum: BDT 7,500,000

Premium ModeMonthly, Quarterly, Half-yearly, Yearly

GenderMale and Female

PremiumMinimum: Tk. 750 Monthly (Tk. 2,250 Quarterly, Tk. 4,500 Half-yearly and Tk. 9,000 Yearly)Maximum: Any amount which does not result into Face Amount exceeding Tk. 7,500,000

Other Product Features – Applicable for DPS Super Gold plan only

Supplementary Contracts

Critical Illness under Critical Guard (CG): CG will provide 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 following 8 critical illnesses

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 Tumour

Waiver of Premium under Family Protection Rider (FPR) – Disability: If you become permanently and totally disabled due to accident or sickness within age sixty (60) years, you will not be required to pay premium for the remaining term of the Policy and Supplementary Contracts. MetLife Alico will pay all premiums on your behalf. You will be entitled to receive all the coverages and Maturity Value.

Expiration age Supplementary Contracts

60 years

Non-Cancelable Feature

Critical Illness and Waiver of Premium coverages may not be cancelled by the insured during the first 2 years from the Policy Effective Date.

Waiting Period

Critical Illness coverage will commence after expiration of 180 days following the Supplementary Contract Effective Date or the last Coverage Commencement Date, whichever is later.

To be eligible for Waiver of Premium benefit a disability has to continue uninterruptedly for a period of at least 6 (six) months

Lifeline Pension PlanWhen you’ve worked hard all your life – you’ll want to make sure that you can enjoy your retirement? Our Lifelong 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 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 Alico 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 in 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





Product Details

Eligibility Minimum Age: 90 DaysMaximum Age: 55 Years

Term10 to 20 Years


Face AmountMinimum BDT 100,000Maximum BDT 75,000,000


Accident & Health

Our accident and health insurance products give you one less thing to worry about, should the unthinkable happen. There are various options you can choose from to get the ideal level of cover for you and your family.

Critical CareNo one likes to think about serious illness, but it is always a possibility. For example an estimated 1 in 8 people aged 30 today will contract cancer before age 65.

The Critical Care is the convenient and affordable critical illness protection plan that is specially designed to protect you and your family in the event of any health crisis that may strike any of us, any time, anywhere. .

Critical Care can make sure you get the medical help you need, fast. What’s more, it can help replace your income if you are unable to work, so the bills are still paid and your loved ones are looked after. Add the Critical Care supplementary plan to your life insurance and you’ll take care of what can be a big worry – freeing you to get on with your life.

Product Overview

Critical Care will provide you with lump sum payment of up to BDT 500,000 which is payable upon diagnosis and receipt of proof for one critical illness only.

Critical Care supplements your life insurance protection We offer several plans and you can select the plan of your choice for you The critical illness lump sum payment will be made only once if you are diagnosed and

proved with any of the 25 illnesses listed. There is no deductible amount

List of covered illnesses

1. Stroke2. Cancer (Except Skin Cancer)3. First Heart Attack4. Coronary Artery Surgery5. Other Serious Coronary Artery Diseases6. Heart Valve Replacement7. Major Burns8. Blindness9. Pulmonary Arterial Hypertension (Primary)10. End-stage Lung Disease11. Kidney Failure12. Surgery To Aorta13. Aplastic Anaemia14. Major Organ Transplant15. Loss Of Hearing

16. Loss Of Speech17. Muscular Dystrophy18. Alzheimer’s Disease / Irreversible Organic Degenerative Brain Disorders19. Motor Neurone Disease20. Parkinson’s Disease21. Coma22. Benign Brain Tumour23. Major Head Trauma24. Bacterial Meningitis25. Paralysis

Packages and Benefits

Product Details

Eligibility Minimum age of 18 years and maximum age of 59 years

Term1 year (Yearly Renewable Term)


Premium Mode Annual, Semi-annual, Quarterly (as same as basic Life policy)


Hospital CareBeing admitted in a hospital is stressful enough without the added worry of the expenses. Traditional insurance products may not cover all the additional expenses that you will incur or the loss of income you may suffer if you are hospitalised.

Hospital Care supplementary policy can give you the added finances to cover whatever you feel is important so you can concentrate on getting well. It pays you the cash amount that you have selected when you or your insured family members are hospitalised, even in a free hospital. The cash income starts from the very first day of hospitalisation and continues for up to 52 weeks for each confinement.

The money you receive is paid in addition to any other insurance you may have. So you can use the additional cash anyway you wish - be it for childcare, travel expenses, a private room or even help at home if you need it.

Product Overview

The Hospital Care supplements your life insurance protection These benefits are payable in addition to any other insurance plan that you may have. You can select the plan that best suits your needs and the needs of your family from the

range we offer. The Daily Cash income continues for up to 52 weeks from the very first day of

hospitalization. The Cash Income is paid directly to you, to use any way you wish. The Cash income is payable regardless of expenses, even if you are confident in a free

hospital. There is no deductible amount or waiting period


* The 9 Dread Diseases: The In-hospital Weekly Benefit is doubled for the first 2 weeks of confinement as detailed above, if you or any of your insured family members are hospitalized due to any of the following 9 dread diseases per policy definition.

Heart Attack Cancer Coronary Artery Disease Stroke Renal Failure Blindness due to Sickness Paralysis Major Burns Major Organ Transplantation

Product Details


Dependant ChildrenMinimum age of 1 year and maximum age of 19 years or up to 23 years if full time student

Term1 Year (Yearly Renewable Term)


Premium Mode Annual, Semi-annual, Quarterly (as same as basic Life policy)


Lifetime Income PolicyYou probably have good insurance coverage right now. However, if that plan pays you or your loved ones a one-off, lump sum benefit cheque, it does not ensure long-term family financial security. You want absolute security if you are no longer here or able to handle the daily responsibilities of your family.

Here is a protection plan that provides a cheque-a-month for lifetime of your spouse, your children or even yourself, with a guaranteed minimum of 240 monthly benefit cheques.

Lifetime Income Policy is a unique plan that provides cheques month after month, year after year to meet your family expenses…with the same reliability you provide your family today. You really don’t want to do anything less than guarantee lifetime financial independence. This policy from MetLife Alico guarantees it.

Product Overview

This is a dedicated accident insurance product specially tailored for the Bangladesh market where the rate of road traffic accident is one of the highest in the world.

It offers cover for accidental loss of life, permanent partial disability due to accident, and permanent total disability due to accident

Several units are available under this policy and you can pick the number of units that suits you the most

No health questionnaire or medical examination required This plan provide you with 24 hour, 365 days a year worldwide coverage The premiums that are paid are income tax deductible (subject to prevailing tax laws &

rules) 20% of the Premium paid will be refunded as a 'No Claim Bonus' after 3 years, provided

that no claim has been made


Product Details


Full time studentsMinimum age of 18 years and a maximum age of 23 years

Term3 years


Premium Mode Single Premium


Maximum Policies per Individual

Circles of ProtectionLife has many uncertainties and it makes sense to protect your loved ones as best as you can. However, everyone has different priorities and needs, and it makes no sense to pay for something you don’t need, or which doesn’t provide adequate protection. That’s why we offer you the opportunity to tailor make protection to suit your own individual circumstances.

With Circles of Protection you can build the ideal protection for you from a range of options; you just choose the ones that are right for you.

Product Overview

Circle 1 offers protection against accidental death, permanent total and partial disability, Double indemnity-common carrier & flying with guaranteed cash payments to yourself or your loved ones

Circle 2 offers a weekly accident indemnity income for up to two years, replacing lost income if you are unable to work as a result of an accident. This option is only available if you take out Circle 1

Circle 3 offers accident medical expense reimbursement – total protection for reasonable accident medical expenses in and out of hospital. Only available if you take out Circle 1

Circle 4 offers Hospital Health Care which provides income for you and your family if you stay in hospital due to accident or sickness. You also have the option to cover surgical expenses.

Product Details

Eligibility Minimum age: 18 yearsMaximum age: 59 years

Term1 Year (Yearly Renewable Term)


Minimum and Maximum amounts

Minimum

MaximumCircle 1 BDT 500,000 BDT 3 millionCircle 2 BDT 700 BDT 5,000Circle 3 BDT 20,000 BDT 500,000Circle 4 BDT 3,500 BDT 21,000


Premium ModesYearly

My Child SpecialIf your child suffers an accident, the last thing you want to worry about is the financial implications. This plan offers financial security, if an insured child suffers an accident any where, at any time. It is specially designed to help you secure the best medical care for your child.

The plan also helps ensure your child’s future if anything should happen to you. As a part of this plan, an amount will be made available for the child’s continued education in the event of your death or disability, making you unable to provide financial support for your child.

Product Overview

One single policy that covers both parent and the child The plan covers hospitalisation due to accident and sickness and offers reimbursements

for both in-patient and out-patient medical expenses due to an accident Accident Medical Expense Reimbursement up to Tk. 40,000 per accident and there is no

limit to the number of accident claims in a year Sickness & Accident In-Hospital Daily Cash up to Tk. 2,000 per day and Tk. 730, 000

per year Catastrophic Disability Cash Benefit up to Tk. 7,000 per month up to 240 months Dismemberment, Loss of Sight and Hearing Indemnity up to Tk. 300,000 20% of the premium paid will be refunded as a 'No Claim Bonus' after 3 or 5 years,

provided that no claim has been made The premiums that are paid are income tax deductible (subject to prevailing tax laws &

rules)

Packages and Benefit

Product Details

Eligibility As a parent or legal guardian, an individual can apply for the policy for his/her child.

The age of the Parent or Legal GuardianMinimum age of 18 years and a maximum age of 64 years

The age of the ChildMinimum age of 6 months and a maximum age of 18 years

Term3 or 5 years


Premium Mode Single Premium


Good Health SpecialIn an ideal world accidents and serious illnesses wouldn’t happen. The next best thing is to protect yourself against the consequences. Good Health Special provides you with the peace of mind of knowing that you and your family will have permanent financial health if the worst happens. It’s invaluable if you want to be sure you and your family are able to keep paying bills and enjoying life..

Product Overview

This plan offers you financial support while in hospital due to sickness or accident and ensures protection for your family when you are not there

3 or 5 years of coverage without having to worry about renewals if you opt for the single premium option

Offers accident and sickness daily in–hospital income of up to TK. 730,000 per year Also provides an additional in-hospital income up to Tk. 42,000 per year if you are

diagnosed with one of the 9 dread diseases that are listed in your policy Provides accident and sickness surgical expense reimbursement of up to Tk. 80,000 as

well as an additional surgical expense reimbursement of up to Tk. 120,000 for the 9 dread diseases

Covers accident and sickness emergency ambulance expenses for up to Tk. 5,000 Also provides accidental death and dismemberment monthly benefit for 10 years of up to

Tk. 8,000 per month Several packages are available under this plan so you can see the benefits and rates and

pick the package that suits you 20% of the Premium paid will be refunded as a 'No Claim Bonus' after 3 or 5 years,

provided that no claim has been made The premiums that you pay are income tax deductible (subject to prevailing tax laws &

rules)


Product Details

Eligibility Minimum age of 18 years and maximum age of 59 years.

For Full Time StudentsMinimum age of 18 years and maximum age of 23 years

Term3 or 5 years



Premium Modes Single Premium

Executive 5 SpecialAccidents can, and do, happen to anybody - and the financial consequences could be devastating. It can change all your hopes and dreams and force you to reconsider all the plans you have made. In Bangladesh, each year, more people die in road accidents than in Malaria or TB.

The Executive 5 special is a unique plan that offers a wide range of cover and protects you and your loved ones from the financial impact of an accident. It gives you the security of knowing that you will have the resources to look after yourself or your loved ones if an accident happens.

Overview

A dedicated accident insurance product specially tailored for the Bangladesh market with a cover of up to Tk 750,000 in the event of an accidental loss of life

Offers cover for permanent partial disability up to Tk. 15,00,000 and permanent total disability up to Tk. 15,00,000 due to an accident

You can receive a daily in-hospital income of up to Tk.3000 for a period of up to 365 days if you are hospitalised due to an accident. You can spend this money on anything that you want - no questions asked.

After 5 years, if no claims are made, then 20% of the premium paid will be refunded as a 'No Claim Bonus'

Several packages are available under this plan and you can see the benefits and rates and pick the package that suits you


Product Details

EligibilityMinimum age of 18 years and maximum age of 59 years

Full Time StudentsMinimum age of 18 years and maximum age of 23 years

Term5 years


Premium Modes Single Premium


Maximum Policies per IndividualEmployed Individuals can apply for a maximum of 3 units of any plan under the policy.Unemployed housewives and students may apply up to 3 units of ‘Standard’ and ‘Super Plan’ only.

Corporate Solutions

MetLife Alico’s Corporate Solutions Division is a pioneer in the area of international employee benefits, offering the industry's first multinational pool as early as 1952. Over the years, our clients have come to rely on excellence from us. We are a provider of innovative Group Employee Benefits, Credit Insurance, and Insurance solutions for Non-Employee Groups, and with our diverse product portfolio and decades of experience, we can tailor-make Group Death, Group Disability, Group Medical or Credit Life and Credit Permanent Total Disability packages that will suit your needs.

If you are a large organisation and wish to receive a tailored, customised, flexible group employee benefits insurance proposal and rate quotation, kindly provide us with a completed Request for Group Proposal Form (RFP). This form would need to be duly signed by a authorised person from your organization. We would also require a Census of Employees who will be covered under the Group Policy.

Employee Benefits

Like all well run companies, yours will rely on your people to succeed. It's therefore crucial to offer the best benefits package you can, to attract talented people and to retain a motivated workforce. It’s also worth remembering that many employees today see these benefits as a key consideration when assessing the employment market.

Group Death and DisabilityThe key to the success of any corporation lies in the strength of its people. Your employees' well-being and job satisfaction is vital to the growth and prosperity of your business. Recent surveys indicate that employee benefits are increasingly becoming the criteria that employees value most when prospecting for a job.

If you are looking for a customised solution, we can offer a host of features and benefits that you can pick and choose from, to create a plan designed to suit your unique requirements. Our expert

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consultants will work closely with you to determine the best plan, service features and coverage for your business.

Basic Life Cover (Death due to any cause) : This provides a lump-sum payment in the event of death due to any cause of any employee anywhere in the world.

We offer 3 types of Basic Life Cover plans -

A. Multiple of Earnings Plan - In this plan, the benefits are determined by a multiple of the employee’s earnings - be it 12 / 24 / 36 or even 48 or more multiples of monthly gross or basic.B. Flat Amount Plan - The amount of insurance is identical for all eligible employees.C. Class Plan - In a “class schedule”, the amount of insurance varies according to the occupation or salary level classification.

You can attach one or more of the following riders or supplementary contracts to the Basic Group Life cover –

Accidental Death (AD) Benefit : This rider usually provides a double indemnity in the event of death due to an accident. Coverage is usually equivalent to the life cover.

Permanent Total Disability (PTD) : This rider provides a benefit when an employee is totally disabled on a permanent basis – due to Sickness or Accidental Injury. Under this type of coverage, the face amount is paid to the employee in monthly installments, up to 60 months, or in a lump sum if the type of PTD warrants so.

Permanent Partial Disability (PPD) : This benefit becomes payable if an employee becomes partially disabled, on a permanent basis, as a result of Sickness or Accidental bodily Injury. A percentage of the coverage amount is paid based on the extent of disability.

Group Critical Illness or Major Diseases Benefit

No one likes to think about serious illness, but it is always a ossibility. For example, an estimated 1 in 8 people aged 30 today will contract cancer by before age 60 (or 65). That’s about the retirement age of most private sector and NGO employees in Bangladesh.

Group Critical Illness cover is the convenient and affordable protection plan that is designed to protect your Employees in the event of any health crisis that may strike any of them, any time, any where.

Added to the basic Group Life cover, MetLife Alico’s Group Critical Illness benefit provides for a Flat monetary benefit for all Employees in a Group or Sub-group for treatment of certain / specific Terminal Illnesses to an Insured EMPLOYEE upon positive and confirmed diagnosis per defined symptoms in the Group Master Policy Contract. Covered Terminal Illnesses could be any of the 13 Dread Diseases like –

Stroke Cancer (except Skin Cancer)

First Heart Attack Serious Coronary Disease Heart Valve Replacement Pulmonary Arterial Hypertension (Primary) End Stage Lung or Liver Disease Fulminated Hepatitis Kidney Failure Coma Aplastic Anaemia Major Organ Transplant Bone Marrow Transplant

Product Details

Eligibility

All full-time permanent employees, who have not reached their sixtieth (60th) birthday, and is actively at work in the policyholder’s offices in the country of coverage. The Age limit may be extended on case to case basis especially when coverage is renewed

Participation Requirements100% of all eligible employees must be enrolled.

Payment ModesFlexible payment modes are available ranging from annual to quarterly.

ClaimsPrompt and efficient claims processing assisted by our dedicated Relationship Executive assigned to each Employee Benefits policy.

Group Medical PlansMetLife Alico is a provider of innovative Medical plans and with our diverse product portfolio and decades of experience we can provide Group Medical benefits that will suit your company's needs whether it’s a small business, a medium sized company or a multinational corporation. We aim to provide comprehensive cover and an efficient claims servicing that will be of value when your employees need it the most.

From MetLife Alico, you can have the Basic In Patient General Hospitalization Plan that offer the following types of benefits to your employees, their spouse and dependent children:

In-patient benefits

Daily Room & Board Charges Nursing Care & Services

Intensive Care Benefits Cost of Registered Ambulance Services to and from Hospital Surgical Benefits Doctor’s In-patient Visits Diagnostic x-ray and Laboratory Expenses in the Hospital Minor surgeries and day care Selected pre & post hospitalization expenses

The above mentioned major medical expenses coverage is intended to ease the burden of the large expenses that can arise from serious illnesses (both sickness and injury) of a non-occupational nature that may afflict an employee or his dependents.

To MetLife Alico’s basic In Patient General Hospitalization plan, employers can choose to add the following additional benefits:

In Patient Maternity

Child Birth (C-Section or Normal Delivery) Miscarriage Legal Abortion

Out Patient General

Dr Visit Out patient (General Practitioner, Specialist, Consultant ) Clinical Examination Investigation services Medicine & Treatment Follow – Ups

Out Patient Dental

Preventative procedures (e.g. Exams, Emergency Treatment) Basic procedures (e.g., Scaling) Major procedures (e.g. Root Canal, Crowns)

Out Patient Optical

Eye Specialist Fee for treatment of Errors of Refraction Tests, Examinations etc. for Errors of Refraction Cost of Prescribed Lenses (No Contact Lens) Cost of Frame for prescribed lenses Eye Drops, Ointment etc. for treatment of Errors of Refraction

MetLife Alico PPO Network

The basic provision of a Medical Insurance Contract from MetLife Alico is to have eligible medical expenses of insured members (Employees and/or their Dependents) reimbursed within

the applicable hospitalization plan limits / sub-limits. The understanding is that most insureds will first settle the hospital bill/s from their own means and then submit these to MetLife Alico for reimbursement along with

(1) Duly Completed Group Medical Claim Form; (2) Photocopy of Hospital discharge Certificate; (3) Itemized Hospital Bill (Original); and (4) Original Bill/s for any other Hospital Services provided outside the hospital (e.g., Medicines, Investigations) along with supporting papers (i.e. Doctor’s advice).

This system of availing the medical insurance benefit is known as Cash medical claims on Reimbursement basis.

But, considering the facts that most people would not have ready cash available at the time of hospitalization, MetLife Alico has entered into agreements with most of the well known hospitals in the country for extending “Credit Facility” to its insured members. These hospitals constitute MetLife Alico’s Preferred Provider Organization or PPO Network of Hospitals.

Through this network, we execute our Managed Care Program for the total benefits of our Group Medical insureds. Before extending the credit treatment services, the PPOs would either ask for a copy of MetLife Alico Pre-approval or arrange for it on a prescribed Pre-approval Form.

PPO & Managed Care Facilities

As the PPO scheme has been designed keeping emergencies in mind, our Managed Care Program or No Cash Scheme works on the basis of –

Pre-Approval for Non-emergency elective hospitalization; or Approval as soon as possible after Emergency non-elective hospitalization.

As part of the scheme, hospitalization insurance cards are provided by MetLife Alico to each insured including dependents. These are only valid for use at MetLife Alico PPO Hospitals and are to be produced at the MetLife Alico PPO Hospitals for Emergency Hospitalizations only!

Whatever, the case – Non-emergency admission through Pre -approval or Emergency admission using the card, the PPO member hospital will bill MetLife Alico directly and therefore, the insureds will not need to pay anything to the hospital if the expenses are eligible and within the applicable hospitalization plan limits / sub-limits.

An up-dated List of PPO Hospitals can be viewed by clicking the link or by sending us a message via our “Contact Us” form.

Product Details

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EligibilityAll eligible employees and their spouses and dependent children may be included under this coverage

Participation Requirements100% of all eligible employees must be enrolled. In addition, 100% of either Spouses or dependent Children may be enrolled.


Claims & Other Services

Clearer explanation of policy terms through Handbooks, Presentations and continuous Consultations

A pledge to adjudicate claims fairly Efficient, prompt and courteous policy services through Relationship Executives. Access to country wide MetLife Alico Preferred Provider Organization Network (PPO) of

Hospitals Prompt and efficient payment of claims to employees and providers Reasonable pricing to ensure risk and premium are properly co-related Managed care focused on providing the best available care at the most reasonable prices Case Management for large cases Periodic Claims Reporting

Group Accident & HealthMetLife Alico's Group Accident & Health insurance is an important means of providing group cover to your employees. It is specifically designed to help the injured by reducing the financial impact of the accident.

The plan offers the following features

Basic Accidental Death (AD) CoverThis provides a lump-sum payment in the event of Death of an employee due to an Accidental Injury.

We offer 3 types of Basic AD Cover plans -

Multiple of Earnings Plan - In this plan, the benefits are determined by a multiple of the employee’s earnings - be it 12 / 24 / 36 or even 48 or more multiples of monthly gross or basic.Flat Amount Plan : The amount of insurance is identical for all eligible employees.Class Plan : In a “class schedule”, the amount of insurance varies according to the occupation or salary level classification.



You can attach one or more of the following riders or supplementary contracts to the basic Accidental death cover –

Accidental Permanent Total Disability (APTD) : This rider provides a benefit when an employee is totally disabled on a permanent basis – due to Accidental Injury. Under this type of coverage, the face amount is paid to the employee in monthly installments, up to 60 months, or in a lump sum if the type of PTD warrants so.

Accidental Permanent Partial Disability (APPD) : This benefit becomes payable if an employee becomes partially disabled, on a permanent basis, as a result of an Accidental bodily Injury. A percentage of the coverage amount is paid based on the extent of disability.

Accidental Medical Reimbursement (AMR) : This benefit provides an expense reimbursement benefit to cover the cost of medical care received as a result of a covered accident. It is 24-hour, year round coverage. If, as a result of a covered Injury, and commencing within thirty (30) days after the date of the Injury, an Insured Person shall require treatment by a Physician, use of Hospital facilities, or the employment of a licensed or graduate nurse while at the Hospital, the company will reimburse the Reasonable, Customary and Necessary medical expenses incurred within fifty two (52) weeks from the date of the accident for such Physician treatment, Hospital charges and nurses fees, which are in excess of the Deductible (if any) stated in the schedule of Benefits, but not to exceed the Amount payable to such Insured person in accordance with the classification of Insured Persons and Schedule of Benefits as the result of any one accident.

Product Details

EligibilityAll full-time permanent employees, who have not reached their six-fifth (65th) birthday, and is actively at work in the policyholder’s offices in the country of coverage. The Age limit may be extended on case to case basis especially when coverage is renewed.

Employees engaged in some risky occupations or industry are not covered.

Participation Requirements100% of all eligible employees must be enrolled.


Claims Prompt and efficient claims processing assisted by our dedicated Relationship Executive assigned to each Employee Benefits policy.

Packaged & Tailored SolutionsEmployee benefits programs are an essential need for all employers and their importance in today’s competitive environment cannot be ignored. Whether you are a large organisation or a small one, MetLife Alico offers a range of group death, disability and medical solutions that can either be bought off the shelf or be tailored to suit your unique requirements.

Packaged Employee Benefits Plans

MetLife Alico has been marketing pre-packaged or ready made employee benefits plans worldwide and in Bangladesh since long. Our soon to be launched EB Packaged Plan for SMEs in Bangladesh comprises 5 (Five) Benefit Plans as follows:

Basic Group Life (GL) Coverage ranging from BDT50,000 to BDT500,000 per Employee; Optional Group Accidental Death (AD) coverage ranging from BDT50,000 to BDT500,000 per

Employee; Optional Group Permanent Total Disability (PTD) ranging from BDT50,000 to BDT500,000 per

Employee; Optional Group Permanent Partial Disability (PPD) ranging from BDT50,000 to BDT500,000 per

Employee; Optional In-patient General Hospitalization (IP-Gen) ranging from BDT40,000 to BDT150,000

Plans for Employees and their Spouses and Children; and Optional In-patient Maternity (IP-Mat) ranging from BDT12,000 to BDT30,000 C/S Plans for

Married Females

Brochures detailing the plans and the general terms and conditions of this packaged solution can be had from any MetLife Alico agent, MetLife Alico Sales Office, or by sending a filled out “Contact Us” Form.

The TAILOR-MADE Solutions

MetLife Alico’s products and services are perfect for large size employers who appreciate the wide variety of plan options usually available to only large groups. In fact, large employee groups add to the flexibility of our product portfolio.

We require the following from large organizations to provide a tailored, customized, flexible group employee benefits insurance proposal & rate quotation:

MetLife Alico Request for Group Proposal Form (RFP) to be filled and duly signed by a authorized person from your organization

The following information on Employees (and Dependents) who will be covered under the Group Policy:

Names of proposed insured (Employee or Dependent)


http://www.metlifealico.com.bd/en/Business/Who-We-Are/Locally/ContactUs-Group-Lead-Form.html

Designation of employee or relationship of dependent with employee Gender of proposed insured Date of birth of proposed insured Joining date of employee (especially for new joiners) Insurance sum assured of each employee (especially Group Life coverage) Medical Plan for Proposed Insured (especially for More than 1 Medical Plans)

A soft copy of an excel Census Format can be downloaded by clicking this link.

For a clear understanding on the tailor-made Employee Benefits solutions, our specialist team of Corporate Business executives are ready to make a presentation at your convenience. We encourage you to send us a filled out “Contact Us” Form and we shall take care of the rest.

Product Details

For the SME Package

Group SizeFor Death & Disability benefits under the Packaged Plan, a group needs to be of a minimum of 5 (five) employees while for availing Group IP-Gen Benefits, the group size must be minimum 8 employees. Groups having a minimum of at least 10 married females can have IP-Mat coverages.

ApplicationWhile the employer must fill out a special Packaged Plan Application Form to avail this package, each employee and dependent (for Medical coverage only), must also fill out the Group Health Statement or G-42 Form.

Although it is a Pre-underwritten product package, MetLife Alico underwriters hold the right to decline providing coverage to any employee or dependent who does not appear to represent acceptable risk or health condition either from initial screening of the G-42 Form or from further medical tests conducted by MetLife Alico on the applicant at the former’s own cost.

Exclusions & Limitations:In addition to MetLife Alico’s standard Group Insurance exclusions like pre-existing health or physical condition, AIDS, and War, this Packaged Plan has some other restrictions like deductible on non-emergency elective hospitalization outside Bangladesh, No pre-approvals for MetLife Alico Top PPO Hospitals etc.

There are certain industries members of which are in the restricted category and cannot be guaranteed that their application for this pre-packaged, pre-priced, pre-underwritten Group insurance plans will be accepted by MetLife Alico automatically.



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Premium RatesUnlike the Tailor Made Solutions, the premium rates for the “Packaged” Benefits are pre-determined and are based on the date of birth of the individual employee or dependent. Since the rates are reviewed periodically by MetLife Alico underwriters, the rates during policy renewal may change even if an employee remains within the same age range. Please send us a filled out “Contact Us” form for a quotation.

Credit Life Insurance

MetLife Alico is the pioneer in introducing Credit Life insurance in the market. Our range of Credit Insurance products are comprehensive and flexible, giving you the right mix of coverage, features and benefits to suit your customer segments.

In addition to the various Credit Life Solutions we also offer customised Group Death, Disabilities and Medical Insurance coverages to banks, financial institutions and organisations so that they can, in turn, offer these facilities to their clients.

Credit Card InsuranceMetLife Alico‘s credit card insurance solution is a market leader, not only due to the coverage it offers but also due to the comprehensive set of benefits it provides to the policy holder and the insured.

The following features set our solutions apart from those offered by our competitors :

1. We offer high levels of insurance cover on credit card outstanding2. We provide a payout of 100% of the outstanding amount in the event of the card holder's

death or if the card holder suffers a PTD.3. We may arrange to pay multiple of the amount of cover in case of death or PTD due to a

sickness or accidental injury

Product Details

CoverageOur solutions are tailor-made to suit your requirements and can cover the following :

Death due to any cause Permanent Total Disability due to accident or sickness

EligibilityAny credit cardholder of the bank or financial institution, between the ages of 18 and 65

Medical RequirementsNone


Payment Modes Premiums are paid on a monthly basis.

Claims You will enjoy a high level of services, together with efficient claims settlement.

Home and Mortgage Loans InsuranceHome & Mortgage loan insurance has grown rapidly in this region with both the banks and borrowers realizing the importance of protecting their mortgages. MetLife Alico’s experience in designing customized solutions to meet the needs of every segment that the bank or financial institution cater to, ensures that you will find the right solution from us.


1. Our solutions are flexible and can be tailored to cover mortgages of varying amount2. Our non-medical limits are amongst the highest in the market3. We arrange Medical Tests at our cost at the finest of hospitals and diagnostic centers in

Bangladesh.4. Our offer to you is backed by one of the best service teams in the industry with clearly

defined benchmarks for transaction processing and handling enquiries

Product Details

CoverageOur solutions are tailor made to suit your requirements and can cover the following :


EligibilityAny customer of the bank or financial institution, between the ages of 18 and 65

Medical RequirementsThis would be based on the age of the borrower and the amount of cover required

Payment Modes Premiums can be paid on a monthly basis, yearly basis or as a one-off payment (single premium)

Claims You will enjoy a high level of service, together with efficient claims settlement.

Personal Loans InsuranceMetLife Alico is a leading provider of credit insurance products covering short term unsecured, partially secured, or unsecured loans, such as personal loans and auto loans. Our international experience combined with our knowledge of the local market gives us the ability to design products that meets your needs and the needs of your customers


1. Our solutions offer insurance cover on loans of up to BDT7.5 million2. Our non-medical limits are amongst the highest in the market3. Our products are competitively priced, making them affordable to your customers; across

all your asset client segments4. We have a robust and efficient application processing system which means that your

customer can receive his or her loan disbursal at the earliest5. Medical tests at our cost through a wide network of medical providers for applicants

above non-medical limit6. Our offer to you is backed by one of the best service teams in the industry with clearly

defined benchmarks for transaction processing and handling enquiries.

Product Details




Medical RequirementsThis would be based on the age of the borrower and the amount of cover required

Payment Modes Premiums can be paid on a monthly basis, yearly basis or as a one-off payment (single premium)


Life Style & Tuition Protector Insurance

With an increasing awareness of the benefits of Credit Life insurance, consumers have started actively purchasing products that offer protection against outstanding loan amounts, mortgages, home loans etc.

Now, consumers who see value in protecting their loans and mortgages can also use our plans to cover expenses such as rental payments, school tuition expenses or even utility bills (gas, electricity, water etc).

MetLife Alico’s Life Style & Tuition Protector Plans are designed or custom made to help your customer protect his or her lifestyle. The main features of this product include:

1. The ability to customise the product to cover a range of payments that a consumer normally makes on a day-to-day basis such as electricity and water bills, school fees, rent, mobile phone bills, groceries etc.

2. The ability to create packages with a combination of benefits thereby allowing the customer to choose the one that best suits his or her needs and budget

3. The ability to offer high amounts of coverage4. Guaranteed issue - This product can be issued to the customer across the counter with no

medical or lengthy documentation requirements.5. Affordably priced with low charges

Product Details


Death due to any cause Permanent Total Disability due to sickness or accident


Medical RequirementsNone.

Payment Modes Premiums can be paid on a variety of modes. The customer may opt for monthly, quarterly, semi-annually or annually premium as well as a single premium for a fixed tenure of coverage.


Insurance for Non-Employees

MetLife Alico also offers a range basic group death & disability insurance protection solutions for client or membership base of large organizations

These solutions are customisable giving you the right mix of coverage, features and benefits to suit your customer segments.

nsurance for Non-EmployeesIncreasingly more organizations are currently bringing in third party provided benefits and facilities for their clients at a special group rate or volume discounts.

MetLife Alico is among the pioneer third parties in such arenas providing – in addition to various Credit Life Solutions to non-employee groups – Group Death, Disabilities and Medical Insurance Coverages on customized basis to different Banks, Financial Institutions, and organizations having Large Customer bases.

For details of such and other offerings, you may write to us by filling out a “Contact Us” form and we will ensure that a member of our Bancassurance and Direct Marketing Sales Team contacts you at your convenience.

Documents

RISK & INS