MetLife launches first-ever life insurance plan for Hajj, Umrah pilgrims

Tuesday, June 22, 2021

To help people of Bangladesh plan and save for their Hajj and Umrah pilgrimage with the benefit of Shariah compliant insurance protection, MetLife Bangladesh has introduced a unique, first-of-its kind Shariah compliant insurance policy titled “Hajj and Umrah Plan.”

Hajj and Umrah Plan is the only life insurance policy in the country which offers extended coverage period beyond the payment of account value, said a press release.

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.

In addition to save 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.

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

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 complaint 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.