Education Protection Plan (EPP) Plus is the foundation on
which anyone can build one’s child’s future and career.
Your child depends on you and the income you provide for
education and other necessities for life. You want your child to have higher
education to give him/her a good start in this increasingly competitive world.
The cost of higher education has been on the rise for many years from now. How
can you make sure that the needed amount is available at the time your child is
ready to go to School/ College/ University? You may find it difficult to come
up with the funds unless you plan for it and save regularly. Even if you save
regularly, can you still be sure that you will live long enough to complete the
saving plan?
HAVE YOU EVER ASKED YOURSELF – “Will my ambition for my
child’s future be achieved if I am not there?
Your child is dear to you and you cannot take any chance
with his/her future. In the absence of your financial support, your family may
have to cut down on their comfortable standard of living drastically and your
child may not get the education you planned for him/her. Metlife Alico Bangladesh's Education Protection Plan Plus takes way the
worries and uncertainties from your mind and provides your child a secured and
complete life.
Anyone can select the period of the Education Protection
Plan at which you want the policy proceeds to be paid. You can select any
period from 10 to 25 years.
Payments at Maturity: - At plan maturity, the face Amount of
the Policy PLUS Bonus(es) are paid. The money can be used to pay for higher
education. Or if his/her has already completed education, money may be very
helpful for starting his/her new career or marriage expenses.
Benefits of EPP PLUS:
In case
of Death –
A.
Future PREMIUMS under the policy will be WAIVED
and the policy would continue till the maturity of the policy.
B.
INCOME for EDUCATION equal to 1% of the face Amount
will be paid EVERY MONTH to the insured child till the maturity of the policy,
and
C.
At Maturity, he/she would receive the Face
Amount with Bonus(es).
In the unfortunate event of the child’s loss of life before
the plan’s maturity, Face Amount plus accrued Bonus(es) are payable, subject to
Juvenile Endorsement.
Personal
Accidental Coverage –
If you
qualify for accidental coverage, this plan also provides the following
additional benefits:
Disability Benefit –
For a
small additional premium, you can add Disability Protection Raider (DPR) that
provides: -
In the
event of your Total and Permanent Disability due to Sickness or Accident:
1.
Future premium will be waived.
2.
Income equal to 1% of the Face Amount will be
paid Every Month to the Child till the maturity of the policy, and
3.
At maturity, he/she would receive the Face
Amount with Bonuses.
