MetLife Introduces a New Child Education Policy
MetLife Bangladesh has unveiled a fresh insurance policy called the “My Child’s Education Protection Plan.” This policy provides both insurance coverage and savings opportunities, with coverage durations ranging from 12 to 20 years.
A press release made this announcement. Moreover, in the event of a parent’s demise, the policy also ensures insurance protection for the child’s education.
If a parent passes away, the family will be entitled to a death benefit equal to the entire insured sum (face value). Furthermore, throughout the coverage period, the family will receive 2% of the face amount every month without having to pay any premiums until the coverage expires.
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Once the policy’s coverage period concludes, the family will receive additional financial benefits from partial maturity and maturity value, including relevant bonuses.
In the event that the insured child passes away, the policyholder will receive the total premium paid or the policy’s cash value, whichever is greater, along with any relevant bonuses.
