MetLife introduces insurance policy ‘Hajj and Umrah Plan’

MetLife Bangladesh has introduced a unique, first-of-its-kind shariah-compliant insurance policy titled “Hajj and Umrah Plan” on Tuesday.

The policy is introduced to help Bangladeshis plan and save for their Hajj and Umrah pilgrimage with the benefit of Shariah-compliant insurance protection.

Shariah-compliant Hajj and Umrah plan features a number of unique benefits to accommodate the needs of individuals planning to go on their holy pilgrimage, reads a press release.

In addition to saving for Hajj and Umrah, policyholders can choose flexible coverage amount and premium payment period of either 3 or 5 years and enjoy life insurance coverage period of 5 or 10 years respectively, the release added.

After the regular life coverage period, policyholders will receive the full amount from their account value to perform the holy pilgrimage.

The release also said, as a unique benefit, after receiving their account value, policyholders will get additional two years of life insurance or accidental coverage for performing Hajj and Umrah.

Policyholders will also be able to use MetLife’s extensive digital channels to pay their premiums.

“Performing Hajj and Umrah is the most important religious journey for Muslims, and with the protection of Shariah-compliant insurance, our Muslim customers can start planning and then perform their holy journey with peace of mind,” said Ala Ahmad, general manager of MetLife Bangladesh while commenting on the new insurance plan.