MetLife Bangladesh is the nation’s largest life insurer. With over 16,000 area forces and staff, it serves over 1,000,000 prospects and is a significant employer in Bangladesh. The corporate was based in 1952 and was popularly often called ‘ALICO’ till its world acquisition by MetLife, Inc. in November 2010, when it was co-branded as ‘MetLife Alico’ and later as ‘MetLife’ in 2015. MetLife offers monetary safety to the folks of Bangladesh by way of a mixture of conventional and modern merchandise corresponding to particular person and group life insurance coverage insurance policies, pension plans, kids’s schooling insurance policies, Shariah-based (Takaful) financial savings plans, and accident and well being merchandise. The merchandise are meant for folks of assorted ages, professions, and earnings ranges.
MetLife In Asia
MetLife conducts enterprise in Asia by way of regional places of work based mostly in Hong Kong. MetLife has pursued an natural progress technique in Asia supplemented by a number of alliances and acquisitions to broaden its areas, product, and repair providing to seize the area’s engaging progress alternatives, leveraging its sturdy monetary credentials and world-class capabilities. MetLife now has a various geographical footprint in Asia, spanning 9 markets.
MetLife Within the World
MetLife, Inc. (NYSE: MET) is likely one of the prime monetary companies suppliers on this planet, by way of its subsidiaries and associates (“MetLife”), affords insurance coverage, annuities, worker advantages, and asset administration to help its particular person and institutional shoppers in navigating the ever-changing world financial system. MetLife, which was based in 1868, operates in about 50 nations and dominates the markets within the US, Japan, Latin America, Asia, Europe, and the Center East. The corporate, which has its company headquarters in New York, has three regional places of work to handle its operations within the Americas, Europe, Center East & Africa (EMEA), and Asia, and it serves about 100 million prospects worldwide.
The aim of MetLife Insurance coverage
The MetLife Basis thinks that everybody has a proper to monetary safety. To construct monetary well being for individuals who are underserved and attempt for extra, they mix ingenious options, in-depth monetary data, and vital grants. They collaborate with teams everywhere in the world to develop monetary wellness applications and strengthen native communities, using MetLife staff as volunteers to assist make a distinction.
The muse of MetLife has a transparent and easy however deep consciousness: everybody wants entry to the required monetary assets in pursuing their targets in life.
The Basis continues to assist different charity initiatives like the humanities and tradition, civic applications, and volunteerism however monetary inclusion is the principle aim.
MetLife Insurance coverage Companies
MetLife had a “numerous product combine” that included securities backed by business mortgages, sovereign debt, variable life annuities, structured settlements, residence, auto, and life insurance coverage.
Life Insurance coverage
Particular person life insurance coverage services provided by MetLife embrace time period life insurance coverage and varied kinds of everlasting life insurance coverage, corresponding to entire life, common life, and closing expense entire life insurance coverage. The length and quantity of protection obtainable for these companies fluctuate, as does whether or not a medical examination is required for protection. As well as, the corporate offers group life insurance coverage by way of employers, which incorporates time period life, everlasting life, and unintended demise and dismemberment protection. MetLife is the most important life insurer in the USA when it comes to complete life insurance coverage protection.
MetLife offers dental plan administration for over 20 million folks and affords group dental profit plans for people, staff, retirees, and their households.
People, in addition to worker and affiliation teams who obtain them by way of their employer, can buy incapacity merchandise from MetLife. If a person is unable to work on account of sickness or harm, the corporate’s particular person incapacity earnings insurance coverage might be able to substitute a few of the misplaced earnings. Along with MetLife Revenue Guard, OMNI Benefit, OMNI Important, Enterprise Overhead Expense, and Purchase-Promote, MetLife additionally affords various particular person incapacity earnings insurance policies. The corporate affords quite a lot of coverage choices, every with a distinct eligibility requirement and scope of protection. MetLife offers each short-term and long-term incapacity insurance coverage for teams. Quick-term incapacity insurance coverage is designed to interchange a portion of an individual’s earnings within the first few weeks following an sickness or accident that renders these disabled. Lengthy-term dysfunction Insurance coverage replaces a portion of an individual’s earnings throughout a protracted sickness or accident that renders them disabled.
MetLife is likely one of the world’s largest annuity suppliers, with $22.4 billion in gross sales in 2009. MetLife offers mounted annuities, variable annuities, deferred annuities, and instant annuities.
Auto & House
The 9 affiliate private strains insurance coverage firms of MetLife go by the identify MetLife Auto & House. All 50 states and the District of Columbia are lined by private strains property and casualty insurance coverage insurance policies supplied by this group of firms. Metropolitan Property and Casualty Insurance coverage Firm, the dad or mum firm of the MetLife Auto & House group, was established in 1972. 58 of the Fortune 100 firms are served by MetLife Auto & House firms, which at present have over 2.7 million energetic insurance policies.
MetLife affords householders insurance coverage, condominium insurance coverage, renters insurance coverage, landlord insurance coverage, and cellular residence insurance coverage. MetLife’s residence insurance coverage insurance policies cowl possessions, property harm from pure disasters or theft, and varied authorized bills incurred on account of accidents sustained on a person’s property. As a participant within the Nationwide Flood Insurance coverage Program (NFIP), which is run by the federal authorities, the businesses additionally supply flood insurance coverage insurance policies and promote insurance policies for RVs, ATVs, boats, cellular houses, collectible automobiles, and bikes. Metlife’s auto insurance coverage protection choices embody legal responsibility safety, collision, and insurance coverage, medical malpractice safety, rent automobile protection and uninsured/underinsured motorist protection.
Sickness Insurance coverage
Crucial sickness insurance coverage is certainly obtainable by way of MetLife. Payment-based monetary planning, retirement planning, wealth administration, 529 Plans, banking, and business and residential mortgages are examples of economic companies. As well as, the corporate affords retirement plans and different monetary companies to healthcare, schooling, and non-profit organizations. The MetLife Heart for Particular Wants Planning is a gaggle of planners who work with particular wants households and people. MetLife opened MetLife Defender, a digital identification theft safety merchandise, in 2014.